Hunton & Williams Advises on NextEra Energy, Inc. − 11,100,000 Shares of Common Stock Offering

Time 1 Minute Read
November 22, 2013
News

Hunton & Williams LLP advised Citigroup Global Markets Inc. and Barclays Capital Inc. as underwriters on an SEC-registered offering of 11,100,000 shares of common stock of NextEra Energy, Inc. ("NEE"), of which 4,500,000 shares were issued by NEE and 6,600,000 shares were borrowed from third parties by Citibank, N.A., as forward counterparty, and subsequently sold to the underwriters for sale in the offering.

NEE is a leading clean energy company with consolidated revenues of approximately $14.3 billion, more than 42,000 megawatts of generating capacity, and nearly 15,000 employees in 26 states and Canada as of year-end 2012. Headquartered in Juno Beach, Fla., NEE's principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 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 & Williams LLP team included Dee Ann Dorsey, Kevin Felz and Christina Kwon. Cary Tolley and Anna Page provided tax advice.

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