NextEra Energy Partners (NEP) will take on more debt and defer $500m of payments toward its $2.1bn acquisition of NET Midstream, a natural gas pipeline operator in Texas, the company said Monday.
NextEra’s “current thinking” for meeting NEP’s $1.5bn in financing needs this year involves increasing NEP’s leverage “for a period” while slowing down the rate at which NextEra dilutes its ownership in the yieldco, says Jim Robo, chief executive of both companies.
That
