Hunton Andrews Kurth LLP advised the sales agents in connection with NextEra Energy Partners, LP’s (“NEP”) establishment of its at-the-market program to sell up to an aggregate sales price of $150,000,000 of shares of NEP’s common units over a period of time.
NEP is a growth-oriented limited partnership formed by NEE to acquire, manage and own contracted clean energy projects with stable long-term cash flows. At December 31, 2017, NEP owns a controlling, non-economic general partner interest and a 34.9% limited partner interest in NEP OpCo. Through NEP OpCo, NEP owns a portfolio of contracted renewable generation assets consisting of wind and solar projects, as well as seven contracted natural gas pipeline assets.
The Hunton Andrews Kurth team included Steven Friend, Soyung Kang and Paloma Luz. Cary Tolley and Anna Page provided tax advice.
