JUNO
BEACH, Fla., Aug. 30,
2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE:
NEE) today announced the settlement rate for the stock purchase
contracts that are components of corporate units (NYSE: NEE PRQ)
issued in September 2020. Holders of
the corporate units will receive 0.6836 shares of NextEra Energy
common stock for each stock purchase contract 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. 29, 2023.
![(PRNewsfoto/NextEra Energy, Inc.) (PRNewsfoto/NextEra Energy, Inc.)](https://mma.prnewswire.com/media/1653740/NextEra_Energy_Logo.jpg)
Consequently, on Sept. 1, 2023,
each holder of the corporate units on that date will receive,
following payment of $50.00 for
each unit held, 0.6836 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. 10, 2023, of the NextEra
Energy Capital Holdings, Inc. debentures that formerly constituted
a component of the corporate units.
Upon settlement of all outstanding of these stock purchase
contracts, NextEra Energy will receive $2.0
billion in exchange for approximately 27.34 million shares
of common stock.
On Sept. 1, 2023, each corporate
unit holder of record on Aug. 31,
2023, will receive the final quarterly cash distribution of
$0.777375 payable per corporate
unit. In addition, holders of corporate units as of
Sept. 1, 2023, will receive the
remaining amounts from the remarketing described above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE)
is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns
Florida Power & Light Company,
which is America's largest electric utility that sells more power
than any other utility, providing clean, affordable, reliable
electricity to approximately 5.8 million customer accounts, or more
than 12 million people across Florida. NextEra Energy also owns a
competitive clean energy business, NextEra Energy Resources, LLC,
which, together with its affiliated entities, is the world's
largest generator of renewable energy from the wind and sun and a
world leader in battery storage. Through its subsidiaries, NextEra
Energy generates clean, emissions-free electricity from seven
commercial nuclear power units in Florida, New
Hampshire and Wisconsin. A
Fortune 200 company, NextEra Energy has been recognized often by
third parties for its efforts in sustainability, corporate
responsibility, ethics and compliance, and diversity. NextEra
Energy is ranked No. 1 in the electric and gas utilities industry
on Fortune's 2023 list of "World's Most Admired Companies,"
recognized on Fortune's 2021 list of companies that "Change the
World" and received the S&P Global Platts 2020 Energy
Transition Award for leadership in environmental, social and
governance. For more information about NextEra Energy companies,
visit these websites: www.NextEraEnergy.com, www.FPL.com,
www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc.