NextEra Energy Partners

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NextEra Energy Partners LP
Publicly traded subsidiary of NextEra Energy
Traded asNYSENEP
IndustryRenewable energy
Founded2014 (2014)
HeadquartersJuno Beach, Florida, United States
Area served
North America
Key people
James L. Robo, Chairman & CEO
Armando Pimentel, President
ServicesWind power, solar power, and natural gas pipelines
RevenueIncreaseUS$ 301 million[1] (2014)
IncreaseUS$ 162 million[1] (2014)
IncreaseUS$ 53 million[1] (2014)
Total assetsIncreaseUS$ 2.7 billion[1] (2014)
Total equityDecreaseUS$ 551 million[1] (2014)
Websitenexteraenergypartners.com

NextEra Energy Partners LP, a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.

History[edit]

NextEra Energy Partners is a limited partnership formed in 2014 by NextEra Energy.[1][2][3]

In June 2014, NextEra Energy announced an initial public offering for NextEra Energy Partners after the previously wholly owned subsidiary was approved for listing on the New York Stock Exchange under the symbol "NEP." Bank of America Merrill Lynch and Goldman Sachs structured the offering.[4][5]

On January 9, 2015, a subsidiary of the company acquired Palo Duro Wind Project Holdings, LLC and the Palo Duro wind facility in Texas.[6]

In May 2015, the company completed the acquisition of 1,923 MW of contracted wind power projects from NextEra Energy Resources. The acquisition included facilities in North Dakota, Oklahoma, Oregon, and Washington.[7]

Operations[edit]

Wind turbines in Tuscola County, Michigan in July 2015.

NextEra Energy Partners purchases and owns wind, solar power, and natural gas pipeline projects in North America.[1][2][3]

Wind power projects[edit]

NextEra Energy Partners has wind power projects in multiple North America locations, including:

Solar power projects[edit]

NextEra Energy Partners has solar power projects in multiple North America locations, including:

See also[edit]

References[edit]

  1. ^ a b c d e f g "NEP Profile - NextEra Energy Partners, LP Com Stock". finance.yahoo.com. Yahoo! Finance. Retrieved July 14, 2015.
  2. ^ a b "Company Information". investor.nexteraenergypartners.com. NextEra Energy Partners, LP. Retrieved July 14, 2015.
  3. ^ a b "Our Company". nexteraenergy.com. NextEra Energy, Inc. Retrieved July 14, 2015.
  4. ^ "NextEra Energy announces commencement of initial public offering of NextEra Energy Partners, LP". investor.nexteraenergypartners.com (Press release). NextEra Energy Partners, LP. June 19, 2014. Retrieved July 14, 2015.
  5. ^ Ausick, Paul (June 19, 2014). "NextEra Launches Alternative Energy MLP — in Name Only". 247wallst.com. 24/7 Wall St. Retrieved July 14, 2015.
  6. ^ a b c d e f g h i j k l "Nextera Energy Partners LP (NEP) Company Profile". Reuters.com. Retrieved July 14, 2015.
  7. ^ a b c d e f g Froese, Michelle (May 13, 2015). "NextEra Energy finalizes deal to acquire 664 MW in wind capacity". Windpower Engineering & Development. Retrieved July 14, 2015.

External links[edit]