About NextEra Energy Partners, LP

NextEra Energy Partners, LP (NEP) acquires, manages, and owns contracted clean energy projects. As of December 31, 2022, NEP owned a controlling, non-economic general partner interest and a 46.2% limited partner interest in NextEra Energy Operating Partners, LP (NEP OpCo). Through NEP OpCo, NEP owns a portfolio of contracted renewable generation assets consisting of wind, solar and solar-plus-storage projects, as well as contracted natural gas pipeline assets. As of December 31, 2022, NEP owned interests in a portfolio of clean, contracted renewable energy projects located in 30 states. In January 2023, NEP sold its interest in a 62 megawatt wind project located in North Dakota as a result of a buyout option under the project's power purchase agreement. In 2022, NEP derived approximately 14% and 13% of its consolidated revenues from its contracts with Pacific Gas and Electric Company and Mex Gas Supply S.L., respectively. Business Strategy The company’s business strategies are to Focus on contracted clean energy projects; Focus on North America; maintain the value of the projects in NEP's portfolio; and grow NEP's business through selective acquisitions of ownership interests in operating projects or projects under construction. Regulation NEP's projects and pipelines are subject to regulation by a number of the U.S. federal, state and other organizations, including, but not limited to, the following: The U.S. Federal Energy Regulatory Commission (FERC), which oversees the acquisition and disposition of generation, transmission and other facilities, transmission of electricity and natural gas in interstate commerce and wholesale purchases and sales of electric energy, among other things; The North American Electric Reliability Corporation, which, through its regional entities, establishes and enforces mandatory reliability standards, subject to approval by the FERC, to ensure the reliability of the U.S. electric transmission and generation system and to prevent major system blackouts; The Environmental Protection Agency (EPA), which has the responsibility to maintain and enforce national standards under a variety of environmental laws. The EPA also works with industries and all levels of government, including federal and state governments, in a wide variety of voluntary pollution prevention programs and energy conservation efforts; Various agencies in Texas and Pennsylvania, which oversee safety, environmental and certain aspects of rates and transportation related to the pipeline projects; and The Pipeline and Hazardous Materials Safety Administration and the Texas Railroad Commission's Pipeline Safety Division, which, among other things, oversee the safety of natural gas pipelines. History NextEra Energy Partners, LP, a Delaware limited partnership, was founded in 2014. The company was incorporated in 2014.