Brief: Nextera Energy Partners, Lp Announces Plan To Become The Leading 100% Renewables Pure-Play Investment Opportunity

NextEra Energy

08/05/2023 15:30

May 8 (Reuters) - Nextera Energy Inc  NEE.N :
    * NEXTERA ENERGY PARTNERS, LP ANNOUNCES PLAN TO BECOME THE
LEADING
100% RENEWABLES PURE-PLAY INVESTMENT OPPORTUNITY
    * NEXTERA ENERGY PARTNERS LP- ENTERS INTO AN AGREEMENT TO
SUSPEND
INCENTIVE DISTRIBUTION RIGHTS FEES TO NEXTERA ENERGY THROUGH
2026
    * NEXTERA ENERGY PARTNERS LP- CONTINUES TO EXPECT TO GROW
LIMITED
PARTNER DISTRIBUTIONS PER UNIT BY 12% TO 15% THROUGH AT LEAST
2026
    * NEXTERA ENERGY PARTNERS LP - PLANS TO SELL NATURAL GAS
PIPELINE
ASSETS
    * NEXTERA ENERGY PARTNERS LP- CAPITALIZES ON CLEAN ENERGY
TRANSITION AND INTENDS TO REACH REAL ZERO CARBON EMISSIONS IN
2025
    * NEXTERA ENERGY PARTNERS LP- IS LAUNCHING A PROCESS TO SELL
ITS
STX MIDSTREAM AND MEADE NATURAL GAS PIPELINE ASSETS IN 2023 AND
2025, RESPECTIVELY
    * NEXTERA ENERGY PARTNERS - PLANS TO USE PROCEEDS FROM SALE
OF
NATURAL GAS PIPELINE ASSETS TO COMPLETE BUYOUTS OF CONVERTIBLE
EQUITY PORTFOLIO FINANCINGS THROUGH 2025
    * NEXTERA ENERGY PARTNERS LP - CURRENTLY DO NOT EXPECT ANY
EQUITY
TO BE REQUIRED TO FINANCE OUR GROWTH PLAN THROUGH 2024
    * NEXTERA ENERGY PARTNERS LP- NEXTERA ENERGY PARTNERS'
RUN-RATE
EXPECTATIONS FOR ADJUSTED EBITDA AND CAFD AT DEC. 31, 2023,
REMAIN UNCHANGED
    * NEXTERA ENERGY PARTNERS LP - DO NOT EXPECT ANY EQUITY
ISSUANCES
TO FINANCE CONVERTIBLE EQUITY PORTFOLIO FINANCING BUYOUTS
THROUGH 2025
    * NEXTERA ENERGY PARTNERS LP- YEAR-END 2023 RUN-RATE
ADJUSTED
EBITDA EXPECTATIONS $2.22 BILLION TO $2.42 BILLION AND CAFD OF
$770 MILLION TO $860 MILLION, RESPECTIVELY
    * NEXTERA ENERGY PARTNERS - EXPECTS ANNUALIZED RATE OF Q4
2023
DISTRIBUTION THAT IS PAYABLE IN FEB 2024 TO BE IN RANGE OF $3.64
TO $3.74 PER COMMON UNIT
    * NEXTERA ENERGY PARTNERS LP - CURRENTLY HAS NO PLANS TO
ISSUE
INCREMENTAL CONVERTIBLE EQUITY PORTFOLIO FINANCINGS

Source text for Eikon:  ID:nPn2048GWa 
Further company coverage:  NEE.N 

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