News Releases

Read news releases from NextEra Energy, Florida Power & Light Company and NextEra Energy Resources.

NextEra Energy Resources announces completion of subsidiary note offering

JUNO BEACH, Fla. – NextEra Energy Resources, LLC, a subsidiary of FPL Group, Inc., announced today that its subsidiary Mountain Prairie Wind, LLC, has sold $305 million in senior-secured private placement notes with a maturity of 20 years. Mountain Prairie Wind consists of 273.2 megawatts of wind energy projects in Colorado and Oklahoma.

NextEra Energy Resources intends to use the proceeds of the notes to reimburse, in part, capital contributions made by NextEra Energy Resources to develop and build the wind facilities.
 
"This transaction marks NextEra Energy Resources’ first private placement wind financing since 2006," said Armando Pimentel, FPL Group’s executive vice president of finance and chief financial officer. "We’re pleased that this transaction was well received by the private placement investor community. We believe it’s a sign that project finance markets continue to improve."

The private placement notes bear interest at a rate of 6.56 percent per year, payable semi-annually, and the principal is fully amortized over the 20-year term. The notes are secured by liens on the wind generation assets of and the ownership interests in Mountain Prairie Wind, LLC, and the subsidiary project owners.

About NextEra Energy Resources
NextEra Energy Resources is a clean energy leader and one of the largest competitive energy suppliers in North America. A subsidiary of Juno Beach, Fla.-based FPL Group (NYSE: FPL), NextEra Energy Resources is the largest generator in North America of renewable energy from the wind and sun. It operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the FPL Group nuclear fleet, which is the third largest in the United States. FPL Group had 2009 revenues of more than $15 billion, nearly 43,000 megawatts of generating capacity, and more than 15,000 employees in 28 states and Canada. For more information, visit www.NextEraEnergyResources.com.

Featured Stories
Aug 20, 2020

In Morrow County, Oregon, construction is well underway on the wind portion of one of NextEra Energy Resources’ first trifecta renewable energy projects.

Apr 20, 2020

All across the country, people are fighting the coronavirus pandemic. We are all in this together. Mark Prohaska, a NextEra Energy employee, jumped into action when he saw a way to help.

Journalists can reach a NextEra Energy spokesperson 24 hours a day, 7 days a week.

561-694-4442

Media.Relations@NextEraEnergy.com

Subscribe

Sign up to receive press release email alerts.

Sign Up