March 17, 2021
Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering by NextEra Energy Capital Holdings, Inc. (NEE Capital) of $2 billion aggregate principal amount of 0.65% Debentures, Series due March 1, 2023 and $500 million aggregate principal amount of Floating Rate Debentures, Series due March 1, 2023. The debentures are fully and unconditionally guaranteed by NextEra Energy, Inc. (NEE), the parent company of NEE Capital. The Floating Rate Debentures offering was the first SOFR-based capital markets registered transaction by a domestic issuer in the power and energy sector.
NEE is one of the largest electric power and energy infrastructure companies in North America and a leader in the renewable energy industry. NEE's principal subsidiaries are Florida Power & Light Company, which serves more than five 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 largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NEE generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin.
The Hunton Andrews Kurth team included Steven Friend, Patrick Jamieson, Michelle Chan and Mae Ji. Robert McNamara and Tim Strother provided tax advice.