NextEra Energy to sell 2 billion dollars in equity units

NextEra Energy, Inc. announced on Thursday its plan to conduct a public offering of $2 billion in equity units to fund various energy and power projects. This capital initiative comes at a time when utility providers across the United States are investing heavily to modernize the national electric grid, driven by record-high power consumption from the rapid expansion of data centers. The company expects to provide underwriters with an option to purchase an additional $300 million in units to cover any over-allotment. Following the announcement, shares of the utility saw a decline of nearly 1% in premarket trading. > Each equity unit will be issued at a value of $50, consisting of a contract to purchase NextEra Energy common stock within three years, the company said in a statement. The management of the offering involves several major financial institutions acting as joint book-running managers. These include Wells Fargo & Company, Bank of America Corporation, Citigroup Inc., and Mizuho Financial Group, Inc..