NextEra Energy Partners (NEP), the yieldco controlled by US utility and renewables goliath NextEra Energy, has struck a $900m financing deal with investment firm KKR that will allow it to ride out PG&E’s bankruptcy while continuing to grow its dividend.

Both NextEra and NEP had warned investors of potential impact from their exposure to contracts with California utility PG&E, which filed for bankruptcy earlier this year and may seek to renegotiate some of its power-purchase agreements.