JUNO BEACH, Fla. – NextEra Energy, Inc. (NYSE: NEE) today announced the settlement rate for the stock purchase contracts that are components of equity units that it issued in May 2012. Holders of the equity units will receive 0.6550 shares of NextEra Energy common stock for each stock purchase contract that they hold, with cash to be paid in lieu of any fractional shares. The settlement rate is based upon the average of the closing price per share of NextEra Energy common stock on the New York Stock Exchange for the 20 consecutive trading days ending on May 27, 2015.
Consequently, on June 1, 2015, each holder of the equity units on that date will, following payment of $50.00 for each unit which it holds, receive 0.6550 shares of NextEra Energy common stock for each such unit. The holders’ obligations to make such payments will be satisfied with proceeds generated by the successful remarketing on May 7, 2015, of the NextEra Energy Capital Holdings, Inc. debentures that formerly constituted a component of the equity units.
Upon settlement of all outstanding stock purchase contracts, NextEra Energy will receive $600 million in exchange for 7.86 million shares of common stock.
On June 1, 2015, each equity unit holder of record on May 29, 2015, will receive the final quarterly cash distribution of $0.699875 payable per equity unit.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.0 billion, approximately 44,900 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NYSE: NEP), and approximately 13,800 employees in 27 states and Canada as of year-end 2014. Headquartered in Juno Beach, Fla., NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 4.8 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 world’s largest generator of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity, and has been ranked in the top 10 worldwide for innovativeness and community responsibility as part of Fortune’s 2015 list of “World's Most Admired Companies.” For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com,www.FPL.com, www.NextEraEnergyResources.com .