NextEra Energy has plans to sell $2 billion of equity units.
Each unit will include a contract to purchase the company’s common stock in the future and a 5 percent undivided-beneficial-ownership interest in NextEra Energy Capital Holdings. The holders will be required to complete the stock purchase by no later than Sept. 1, 2025.
The net proceeds from the sale will be added to the general funds of NextEra Energy Capital Holdings, which expects to use its general funds to fund investments in energy and power projects and for other general corporate purposes, such as the repayment of its outstanding commercial-paper obligations.