JUNO BEACH, Fla.,
Aug. 30,
2016 /PRNewswire/ -- NextEra
Energy, Inc. (NYSE: NEE) today announced the settlement rate for
the stock purchase contracts that are components of corporate units
(NYSE: NEE PR P) that it issued in September
2013. Holders of the corporate units will receive 0.5101
shares of NextEra Energy common stock for each stock purchase
contract that they hold. 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 Aug. 29,
2016.
Consequently, on Sept. 1, 2016, each holder of the
corporate units on that date will, following payment of
$50.00 for each unit which it holds,
receive 0.5101 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
Aug. 25, 2016, of the NextEra Energy
Capital Holdings, Inc. debentures that formerly constituted a
component of the corporate units.
Upon settlement of all outstanding stock purchase
contracts, NextEra Energy will receive $500
million in exchange for approximately 5.10 million shares of
common stock.
On Sept. 1, 2016, each
corporate unit holder of record on Aug. 31,
2016, will receive the final quarterly cash distribution of
$0.724875 payable per corporate
unit.
NextEra Energy, Inc.
NextEra
Energy, Inc. (NYSE: NEE) is a leading clean energy company with
consolidated revenues of approximately $17.5
billion and approximately 14,300 employees in 27 states and
Canada as of year-end 2015, as
well as approximately 45,000 megawatts of generating capacity,
which includes megawatts associated with noncontrolling interests
related to NextEra Energy Partners, LP (NYSE: NEP) as of
April 2016. Headquartered in
Juno Beach, Fla., NextEra Energy's
principal subsidiaries are Florida
Power & Light Company, which serves more than 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. A Fortune 200 company and included
in the S&P 100 index, 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 No. 1 in the electric and gas utilities industry in
Fortune's 2016 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.
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SOURCE NextEra Energy, Inc.