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Clean energy spinoff NextEra Energy Partners files for a $50 million IPO

May 20, 2014
NEP

NextEra Energy Partners, LP, a limited partnership carved out of NextEra Energy to operate ten wind and solar energy projects, filed on Tuesday with the SEC to raise up to $50 million in an initial public offering. The Juno Beach, FL-based company, which was formed in 2014 and booked $169 million in sales for the 12 months ended March 31, 2014, plans to list on the NYSE under the symbol NEP. NextEra Energy Partners, LP initially filed confidentially on April 4, 2014. BofA Merrill Lynch, Goldman Sachs and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.