1. NextEra Energy sets settlement rate for corporate units issued in September 2022. 2. Holders will receive 0.5705 shares of common stock per unit on September 2. 3. NextEra expects to receive approximately $2 billion from this settlement. 4. Final cash distributions of $0.86575 per unit will be issued to holders. 5. Remarketing of debentures helps satisfy payment obligations for these units.
The settlement indicates positive cash flow and shareholder compensation, potentially boosting investor confidence, akin to previous corporate settlements that enhanced stock values.
The substantial cash inflow and stock distribution is likely to have a positive effect on shareholder sentiment, thus fostering demand for NEE shares.
The immediate cash distributions and stock conversions are likely to influence stock price shortly after the announcement.
JUNO BEACH, Fla., Aug. 28, 2025 /PRNewswire/ -- NextEra Energy, Inc. (NYSE:NEE) today announced the settlement rate for the stock purchase contracts that are components of corporate units (NYSE:NEE) issued in September 2022. Holders of the corporate units will receive 0.5705 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. 27, 2025.
Consequently, on Sept. 2, 2025, each holder of the corporate units on that date will receive, following the holder's payment to NextEra Energy of $50.00 for each unit held, 0.5705 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. 1, 2025, 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 approximately $2.0 billion in exchange for approximately 22.8 million shares of common stock.
On Sept. 2, 2025, each corporate unit holder of record on Aug. 29, 2025, will receive the final quarterly cash distribution of $0.86575 payable per corporate unit. In addition, holders of corporate units as of Sept. 2, 2025, will receive the remaining amounts from the remarketing described above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE:NEE) is one of the largest electric power and energy infrastructure companies in North America and is a leading provider of electricity to American homes and businesses. Headquartered in Juno Beach, Florida, NextEra Energy is a Fortune 200 company that owns Florida Power & Light Company, America's largest electric utility, which provides reliable electricity to approximately 12 million people across Florida. NextEra Energy also owns one of the largest energy infrastructure development companies in the U.S., NextEra Energy Resources, LLC. NextEra Energy and its affiliated entities are meeting America's growing energy needs with a diverse mix of energy sources, including natural gas, nuclear, renewable energy and battery storage. 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.