JUNO BEACH, Fla., Aug. 30, 2018 /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 Q) that it issued in September 2015.
Holders of the corporate units will receive 0.4440 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 Aug. 29, 2018.
Consequently, on Sept. 4, 2018, each holder of the
corporate units on that date will, following payment
of $50.00 for each unit which it holds, receive 0.4440
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. 9,
2018, 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 approximately $700 million in exchange for approximately
6.22 million shares of common stock.
On Sept. 4, 2018, each corporate unit holder of record
on Aug. 31, 2018, will receive the final quarterly cash
distribution of $0.796375 payable per corporate
unit. In addition, holders of corporate units as of
Sept. 4, 2018, will receive any
remaining amounts from the treasury portfolio that was purchased in
connection with the remarketing described above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE)
is a leading clean energy company with consolidated revenues of
approximately $17.2 billion, operates
approximately 46,790 megawatts of net generating capacity and
employs approximately 14,000 people in 33 states and Canada as of year-end 2017. Headquartered in
Juno Beach, Florida, NextEra
Energy's principal subsidiaries are Florida
Power & Light Company, which serves approximately 5
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 and a world
leader in battery storage. 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. NextEra
Energy is ranked No. 1 in the electric and gas utilities industry
on Fortune's 2018 list of "World's Most Admired Companies" and
ranked among the top 25 on Fortune's 2018 list of companies that
"Change the World." 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.