NEW YORK (Standard&Poor's) May 22, 2014—Standard&Poor's Ratings Services said today that NextEra Energy Inc.'s (NEE; A-/Stable/--) announcement of the formation of NextEra Energy Partners L.P. (NEP) has no immediate effect on NextEra's ratings or those of subsidiaries NextEra Capital Holdings Inc. and Florida Power&Light Co. NEP will be a limited partnership controlled by NextEra designed to acquire renewable energy assets from affiliates. The modest size of NEP at inception, the expected use of proceeds from an initial public offering of limited partnership units, and projected pace of asset sales into NEP have a negligible near-term influence on NEE's credit quality. The structure and workings of NEP, which resemble a master limited partnership in many
