Hunton Andrews Kurth Advises on NextEra Energy, Inc. $2.5 Billion Mandatory

Time 1 Minute Read
February 21, 2020
News

Hunton Andrews Kurth advises the underwriters on the sale of $2.5 billion stated amount of equity units of NextEra Energy, Inc. ("NEE"). Each equity unit consists of a contract to purchase NEE common stock in the future, and a 5 percent undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. ("NEE Capital") debenture due March 1, 2025. The debentures are guaranteed by NEE Capital's parent company, NEE.

NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE's principal subsidiaries are Florida Power & Light Company, which serves more than five million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which together with its affiliated entities is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NEE generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.

The Hunton Andrews Kurth LLP team included Steve Friend, Patrick Jamieson, Michelle Chan and Shelby Stanton. Robert McNamara and Tim Strother provided tax advice. Leslie Okinaka provided ERISA advice.

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