Hunton Andrews Kurth Advises Initial Purchasers on NextEra Operating Partners, LP’s $750 Million 7.250% Senior Notes Offering

Hunton Andrews Kurth LLP advised the initial purchasers in connection with NextEra Energy Operating Partners, LP’s (NEP OpCo) offering of $750 million aggregate principal amount of 7.250% Senior Notes due 2029. The offering was conducted as a private placement under Regulation S and Rule 144A of the Securities Act of 1933, as amended, to eligible purchasers. NEP OpCo is a subsidiary of NextEra Energy Partners, LP (NEP).

NEP is a growth-oriented limited partnership formed by NextEra Energy, Inc. to acquire, manage and own contracted clean energy projects with stable long-term cash flows. NEP consolidates the results of NEP OpCo and its subsidiaries through its controlling interest in the general partner of NEP OpCo. At September 30, 2023, NEP owned an approximately 48.6% limited partner interest in NEP OpCo. Through NEP OpCo, NEP has portfolio interest in a portfolio of contracted renewable generation assets consisting of wind, solar and battery storage projects and a portfolio of contracted natural gas pipeline assets.

The Hunton Andrews Kurth team included Steven C. Friend, Michelle G. Chan, Jingyi “Alice” Yao and Thomas White. Robert McNamara and William Freeman provided tax advice. Leslie Okinaka provided ERISA advice.