The number of securities to be sold and the price range for the proposed offering have not yet been determined, chief executive Jim Robo told analysts on a conference call.

The IPO is expected to commence after the Securities and Exchange Commission (SEC) completes its review process, subject to market and other conditions.

NextEra hopes this review will conclude in several weeks as opposed to several months, according to chief financial officer Moray Dewhurst.

Separately,