Hunton Andrews Kurth Advises on NextEra Energy, Inc. $2 Billion Equity Units Offering

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September 19, 2022
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Hunton Andrews Kurth LLP advised the underwriters on the sale of $2 billion stated amount of equity units of NextEra Energy, Inc. ("NEE"). Each equity unit consists of a contract to purchase NEE common stock in the future, and a 5 percent undivided beneficial ownership interest in a NextEra Energy Capital Holdings, Inc. ("NEE Capital") debenture due September 1, 2027. The debentures are guaranteed by NEE Capital's parent company, NEE.

NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE has two principal businesses, Florida Power & Light Company (“FPL”) and NextEra Energy Resources, LLC (“NEER”). FPL is the largest electric utility in the state of Florida and one of the largest electric utilities in the U.S. FPL’s strategic focus is centered on investing in generation, transmission and distribution facilities to deliver on its value proposition of low customer bills, high reliability, outstanding customer service and clean energy solutions for the benefit of its more than 5.7 million customers. NEER is the world's largest generator of renewable energy from the wind and sun, as well as a world leader in battery storage. NEER’s strategic focus is centered on the development, construction and operation of long-term contracted assets throughout the U.S. and Canada, primarily consisting of clean energy solutions such as renewable generation facilities and battery storage projects, and electric transmission facilities.

The Hunton Andrews Kurth team included Steve C. Friend, Patrick C. Jamieson, Brendan P. Harney, Michelle G. Chan, Jingyi “Alice” Yao and Monika M. Dziewa. Robert McNamara and Tim Strother provided tax advice. Leslie Okinaka provided ERISA advice.

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