NextEra Energy Partners LP, a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
 | |
| Company type | Publicly traded subsidiary of NextEra Energy |
|---|---|
| NYSE: NEP | |
| Industry | Renewable energy |
| Founded | 2014 |
| Headquarters | Juno Beach, Florida, United States |
Area served | North America |
Key people | James L. Robo, Chairman & CEO Armando Pimentel, President |
| Services | Wind power, solar power, and natural gas pipelines |
| Revenue |  US$ 301 million[1] (2014) |
| US$ 162 million[1] (2014) | |
| US$ 53 million[1] (2014) | |
| Total assets | US$ 2.7 billion[1] (2014) |
| Total equity |  US$ 551 million[1] (2014) |
| Website | nexteraenergypartners |
History
editNextEra Energy Partners is a limited partnership formed in 2014 by NextEra Energy.[1][2][3]
In June 2014, NextEra Energy announced an initial public offering for NextEra Energy Partners after the previously wholly owned subsidiary was approved for listing on the New York Stock Exchange under the symbol "NEP." Bank of America Merrill Lynch and Goldman Sachs structured the offering.[4][5]
On January 9, 2015, a subsidiary of the company acquired Palo Duro Wind Project Holdings, LLC and the Palo Duro wind facility in Texas.[6]
In May 2015, the company completed the acquisition of 1,923 MW of contracted wind power projects from NextEra Energy Resources. The acquisition included facilities in North Dakota, Oklahoma, Oregon, and Washington.[7]
In November 2023, NextEra Energy Partners announced that it entered into a definitive agreement with Kinder Morgan, Inc. to sell its Texas natural gas pipeline portfolio for $1.815 billion.[8]
Operations
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NextEra Energy Partners purchases and owns wind, solar power, and natural gas pipeline projects in North America.[1][2][3]
Wind power projects
editNextEra Energy Partners has wind power projects in multiple North America locations, including:
- Barnes County, North Dakota[7]
- Blaine[7]
- Bluewater[6]
- Burleigh County, North Dakota[7]
- Conestogo, Ontario[6]
- Dewey County, Oklahoma[7]
- Elk City[6]
- Northern Colorado[6]
- Palo Duro Canyon[6]
- Perrin Ranch[6]
- Summerhaven, Arizona[6]
- Tuscola Bay wind farm[6]
- Umatilla County, Oregon[7]
- Walla Walla County, Washington[7]
Solar power projects
editNextEra Energy Partners has solar power projects in multiple North America locations, including:
- Genesis[6]
- Moore[6]
- Sombra, Ontario[6]
See also
editReferences
edit- ^ a b c d e f g "NEP Profile - NextEra Energy Partners, LP Com Stock". finance.yahoo.com. Yahoo! Finance. Retrieved July 14, 2015.
- ^ a b "Company Information". investor.nexteraenergypartners.com. NextEra Energy Partners, LP. Retrieved July 14, 2015.
- ^ a b "Our Company". nexteraenergy.com. NextEra Energy, Inc. Retrieved July 14, 2015.
- ^ "NextEra Energy announces commencement of initial public offering of NextEra Energy Partners, LP". investor.nexteraenergypartners.com (Press release). NextEra Energy Partners, LP. June 19, 2014. Retrieved July 14, 2015.
- ^ Ausick, Paul (June 19, 2014). "NextEra Launches Alternative Energy MLP — in Name Only". 247wallst.com. 24/7 Wall St. Retrieved July 14, 2015.
- ^ a b c d e f g h i j k l "Nextera Energy Partners LP (NEP) Company Profile". Reuters.com. Archived from the original on February 14, 2010. Retrieved July 14, 2015.
- ^ a b c d e f g Froese, Michelle (May 13, 2015). "NextEra Energy finalizes deal to acquire 664 MW in wind capacity". Windpower Engineering & Development. Retrieved July 14, 2015.
- ^ "Kinder Morgan to Acquire NextEra's South Texas Gas Pipelines for $1.82 Billion". Investopedia. Retrieved November 9, 2023.
