Moody’s: NextEra’s Need for $20B in Long-Term Capital a Challenge, but Doable

Moody’s: NextEra’s Need for $20B in Long-Term Capital a Challenge, but Doable

Mar 5, 2017

by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC.  All rights reserved

On 3/3/17, SNL Energy reported that “Moody’s expects that NextEra Energy Inc. will be able to raise the $20 billion in long-term capital it needs to finance its proposed acquisition of Oncor Electric Delivery Co. LLC and other energy development projects, but it says the process ‘will be challenging and poses financing risk.’” On 3/1/7, Moody’s “suggested that 2017 will be the largest CapEx year in NextEra’s history as it seeks to finance its acquisition of Oncor equal to $18.7 billion in total enterprise value, and seeks to streamline investments in renewables projects to qualify for federal tax credits. The company is also seeking to finance ongoing gas pipeline projects that Moody’s says will require about $2 billion in total capital expenditures and an additional $1 billion in CapEx for solar projects at Florida Power & Light Co. subsidiary.”

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Posted by CompetitiveAssets on March 6th, 2017

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