NextEra Energy Partners to price initial public sale of common units

BofA Merrill Lynch, Goldman, Sachs, Morgan Stanley will be bookrunners

By Devika Patel

Knoxville, Tenn., May 20 - NextEra Energy Partners, LP will conduct an initial public offering of common units, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.

BofA Merrill Lynch, Goldman, Sachs & Co. and Morgan Stanley are the joint bookrunning managers.

Proceeds will be used for general corporate purposes.

The clean energy company is based in Juno Beach, Fla. It expects that its common units will trade on the NYSE exchange under the symbol "NEP."

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