NextEra Energy announces settlement rate for equity units issued in September 2010
JUNO BEACH, Fla., Aug. 29, 2013 /PRNewswire-FirstCall/ -- NextEra Energy, Inc. (NYSE: NEE) today announced the settlement rate for the stock purchase contracts that are components of equity units that it issued in September 2010. Holders of the equity units will receive 0.7387 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 Aug. 28, 2013.
Consequently, on Sept. 3, 2013, each holder of the equity units on that date will, following payment of $50.00 for each unit which it holds, receive 0.7387 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 Aug. 9, 2013 of the NextEra Energy Capital Holdings, Inc. debentures that formerly constituted a component of the equity units, except for any holders that may have elected to make separate cash settlements of their stock purchase contracts.
Upon settlement of all outstanding stock purchase contracts, NextEra Energy will receive $402.434 million in exchange for approximately 5.95 million shares of common stock.
On Sept. 3, 2013, each equity unit holder of record on Aug. 30, 2013, will receive the final quarterly cash distribution of $0.875 payable per equity unit.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with revenues of approximately $14.3 billion, more than 42,000 megawatts of generating capacity, and nearly 15,000 employees in 26 states and Canada as of year-end 2012. Headquartered in Juno Beach, Fla., NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves approximately 4.6 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 affiliated entities is the largest generator in North America of renewable energy from the wind and sun. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
SOURCE NextEra Energy, Inc.
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