JUNO
BEACH, Fla., Feb. 27,
2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE)
today announced the settlement rate for the stock purchase
contracts that are components of corporate units (NYSE: NEE PRP)
that it issued in February 2020.
Holders of the corporate units will receive 0.6676 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 Feb. 24, 2023.
![(PRNewsfoto/NextEra Energy, Inc.) (PRNewsfoto/NextEra Energy, Inc.)](https://mma.prnewswire.com/media/1653740/NextEra_Energy_Logo.jpg)
Consequently, on March 1, 2023,
each holder of the corporate units on that date will, following
payment of $50.00 for each unit which
it holds, receive 0.6676 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 Feb. 22, 2023, 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 $2.5
billion in exchange for 33.38 million shares of common
stock.
On March 1, 2023, each corporate
unit holder of record on Feb. 28,
2023, will receive the final quarterly cash distribution of
$0.659875 payable per corporate
unit.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy
company headquartered in Juno Beach,
Florida. NextEra Energy owns Florida
Power & Light Company, which is America's largest
electric utility that sells more power than any other utility,
providing clean, affordable, reliable electricity to approximately
5.8 million customer accounts, or more than 12 million people
across Florida. NextEra Energy also owns a competitive clean energy
business, 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 seven commercial nuclear power
units in Florida, New Hampshire and Wisconsin. 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 2023 list of "World's Most Admired Companies,"
recognized on Fortune's 2021 list of companies that "Change the
World" and received the S&P Global Platts 2020 Energy
Transition Award for leadership in environmental, social and
governance. 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.