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<title>nep-20210516</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM180L2ZyYWc6ZjA4MTZmZGYxOTNkNGEyZmJjMzc4YWZmZWIwZTc5OTEvdGFibGU6OGEwYTRkMjU2ODU4NGRkNzkzNzFlMTM0NjY5NWVkZTcvdGFibGVyYW5nZTo4YTBhNGQyNTY4NTg0ZGQ3OTM3MWUxMzQ2Njk1ZWRlN18wLTEtMS0xLTA_c1f72bb1-f392-43d6-a5fe-9358cb374758">false</ix:nonNumeric><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM180L2ZyYWc6ZjA4MTZmZGYxOTNkNGEyZmJjMzc4YWZmZWIwZTc5OTEvdGFibGU6OGEwYTRkMjU2ODU4NGRkNzkzNzFlMTM0NjY5NWVkZTcvdGFibGVyYW5nZTo4YTBhNGQyNTY4NTg0ZGQ3OTM3MWUxMzQ2Njk1ZWRlN18xLTEtMS0xLTA_a54e3d9c-5934-4d71-9f58-f8e660f8cf90">0001603145</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="nep-20210516.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0001603145</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2021-05-16</xbrli:startDate><xbrli:endDate>2021-05-16</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="ie6662dcf585c4157b19a0d8f2f7b3803_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:48.311%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:49.489%"></td><td style="width:0.1%"></td></tr><tr style="height:110pt"><td colspan="3" style="padding:0 1pt"><div><img src="nep-20210516_g1.jpg" alt="nep-20210516_g1.jpg" style="height:134px;margin-bottom:5pt;vertical-align:text-bottom;width:270px"/></div></td><td colspan="3" style="padding:0 1pt"></td></tr></table></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">UNITED STATES SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:120%">Washington, D.C. 20549</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:14pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N184Nw_1be95ed7-2a3e-46c8-a284-139d5ea47b1f">8-K</ix:nonNumeric> </span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">PURSUANT TO SECTION 13 OR 15(d)</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">OF THE SECURITIES EXCHANGE ACT OF 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Date of earliest event reported:</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">&#160;&#160;</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" format="ixt:datemonthdayyearen" name="dei:DocumentPeriodEndDate" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N18yMTQ_0b25ac5e-562f-465c-bf93-737368943a4a">May 16, 2021</ix:nonNumeric></span></div><div style="text-align:center"><span><br/></span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.415%"><tr><td style="width:1.0%"></td><td style="width:10.811%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.488%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:52.429%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.488%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.284%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">Commission<br/>File<br/>Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Exact name of registrant as specified in its<br/>charter, address of principal executive offices and<br/>registrant's telephone number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">IRS Employer<br/>Identification<br/>Number</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGFibGU6NDJkZTFmNWM4MTVmNDRmZGJhYTgwYTMxNmY5YzNmYjAvdGFibGVyYW5nZTo0MmRlMWY1YzgxNWY0NGZkYmFhODBhMzE2ZjljM2ZiMF8xLTAtMS0xLTA_cc8375a7-1b21-4147-a5bb-24e28f72f0f0">1-36518</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:14pt;font-weight:700;line-height:100%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGFibGU6NDJkZTFmNWM4MTVmNDRmZGJhYTgwYTMxNmY5YzNmYjAvdGFibGVyYW5nZTo0MmRlMWY1YzgxNWY0NGZkYmFhODBhMzE2ZjljM2ZiMF8xLTItMS0xLTA_67b43faf-630b-4ea4-8a76-1966fde27911">NEXTERA ENERGY PARTNERS, LP</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:EntityTaxIdentificationNumber" 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id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N18yMzY_45d104c7-6fef-4365-8071-0dff7c7f20f4">561</ix:nonNumeric>) <ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N18yNDA_fa15d5e2-6ede-4bd1-8bcd-179567f99d82">694-4000</ix:nonNumeric> </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">State or other jurisdiction of incorporation or organization:&#160;&#160;<ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N18zMDk_15285080-41f6-4000-9c30-4d86b1dac4fa">Delaware</ix:nonNumeric> </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</span></div><div style="text-align:justify"><span><br/></span></div><div 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contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" format="ixt-sec:boolballotbox" name="dei:PreCommencementTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N182NzA_d0bd1ddc-3cd1-4121-a412-80a2c24b4c25">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" format="ixt-sec:boolballotbox" name="dei:PreCommencementIssuerTenderOffer" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N183Nzg_9d74c7dd-749c-484a-8b76-ae96e8e460fd">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#160;&#160;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:24.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.378%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.682%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.380%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Title of each class</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Trading Symbol</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Name of exchange<br/>on which registered</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGFibGU6OTIxODlmNjY3ZjViNGY0Zjg2MmQ1NjdmZjIxMmYwM2YvdGFibGVyYW5nZTo5MjE4OWY2NjdmNWI0ZjRmODYyZDU2N2ZmMjEyZjAzZl8xLTAtMS0xLTA_86837dc2-2f2b-4c8e-ae96-521a76101726">Common Units</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGFibGU6OTIxODlmNjY3ZjViNGY0Zjg2MmQ1NjdmZjIxMmYwM2YvdGFibGVyYW5nZTo5MjE4OWY2NjdmNWI0ZjRmODYyZDU2N2ZmMjEyZjAzZl8xLTItMS0xLTA_9aa95386-444d-4b16-9551-91ba4e7c1414">NEP</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:middle"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" format="ixt-sec:exchnameen" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGFibGU6OTIxODlmNjY3ZjViNGY0Zjg2MmQ1NjdmZjIxMmYwM2YvdGFibGVyYW5nZTo5MjE4OWY2NjdmNWI0ZjRmODYyZDU2N2ZmMjEyZjAzZl8xLTQtMS0xLTA_6a80a585-c633-4b0a-bf2b-deca55acd6a1">New York Stock Exchange</ix:nonNumeric></span></td></tr></table></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Emerging growth company  </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="i679bfbdaa4444f0a9f34beac7982fd62_D20210516-20210516" format="ixt-sec:boolballotbox" name="dei:EntityEmergingGrowthCompany" id="id3VybDovL2RvY3MudjEvZG9jOmU2NjYyZGNmNTg1YzQxNTdiMTlhMGQ4ZjJmN2IzODAzL3NlYzplNjY2MmRjZjU4NWM0MTU3YjE5YTBkOGYyZjdiMzgwM18xL2ZyYWc6NGJiMDRhYmQ4OGQ5NGI3Zjk3ZTE2OTE4NzY0MTg1ODcvdGV4dHJlZ2lvbjo0YmIwNGFiZDg4ZDk0YjdmOTdlMTY5MTg3NjQxODU4N18xMjE0_a22e450c-2772-4e3d-b7a0-cce7cff97b53">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  </span><span style="color:#000000;font-family:'Arial Unicode MS',sans-serif;font-size:9pt;font-weight:400;line-height:120%">&#9744;</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div id="ie6662dcf585c4157b19a0d8f2f7b3803_7"></div><div style="text-align:center"><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SECTION 1 - REGISTRANT&#8217;S BUSINESS AND OPERATIONS</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Item 1.01  Entry into a Material Definitive Agreement</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">On May 16, 2021, NextEra Energy Partners, LP (NEP) and two of its indirect subsidiaries, Genesis Solar Holdings, LLC (Genesis Holdings) and Genesis Solar Funding, LLC (Genesis Funding), entered into an amendment of its existing membership interest purchase agreement (as amended, membership purchase agreement) with certain investors (investors) including KKR Genesis TL Borrower LLC, which is the Class B purchaser representative and is affiliated with funds managed by Kohlberg Kravis Roberts &amp; Co. L.P.. The amendments to the membership purchase agreement include, among other things, an increase in the aggregate Class B purchase price to be paid by the investors from approximately $1,095 million to $1,243 million, with the incremental amount entitled to earn the same pre-tax annual return as the existing amounts. As previously reported, the investors&#8217; initial funding of $750 million of the Class B purchase price under the membership purchase agreement (initial funding) occurred on December 18, 2020. In connection with the initial funding, the investors acquired approximately 60% of the total noncontrolling Class B membership interests in Genesis Holdings (Class B membership interests). The remaining 40% of the Class B membership interests were acquired by Genesis Funding and will be sold to the investors in connection with their additional funding of approximately $493 million of the Class B purchase price (final funding), which is inclusive of the increased purchase price specified in the amendment and is expected to occur by the end of the second quarter of 2021, subject to the satisfaction of customary closing conditions. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">In connection with the amendments to the membership purchase agreement, an amendment to the third amended and restated limited liability company agreement of Genesis Holdings (as amended, the LLC agreement) was also entered into as of May 16, 2021 between Genesis Solar Holdings and the Class B purchaser representative, amending certain provisions of the LLC agreement. Under the LLC agreement, NEP, through its indirect ownership of Genesis Funding, generally receives 75% of Genesis Holdings&#8217; cash distributions for the first ten years after the initial funding, and the investors receive 25%, subject to certain adjustments, except that, until the final funding, NEP receives approximately 83% of Genesis Holdings&#8217; cash distributions and the investors receive 17%. From the fifth to the tenth anniversary of the initial funding, NEP has the option (the buyout right), subject to certain limitations, to periodically purchase the Class B membership interests in Genesis Holdings at a buyout price that implies a fixed pre-tax annual return of approximately 6.76% to the investors (inclusive of all prior distributions). If exercised, NEP has the right to pay a maximum of 100% of the buyout price in NEP non-voting common units, issued at the then current market price of NEP common units or cash (or any combination thereof), subject to conditions and limitations set forth in the LLC agreement. Under the LLC agreement, for all distribution dates after the tenth anniversary of the initial funding, or if certain minimum purchases under the buyout right have not occurred by any distribution date following June 18, 2026, then, in any such case, the investors' allocation of Genesis Holdings&#8217; cash distributions payable with respect to Class B membership interests that the investors still own will increase to 99%, subject to certain adjustments. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The foregoing description of the amendments to the membership purchase agreement and the LLC agreement are qualified in their entirety by reference to the Amendment to Membership Interest Purchase Agreement and Amendment No. 1 to Third Amended and Restated Limited Liability Company Agreement, respectively, which are filed as Exhibits 2.1 and 10.1, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.</span></div><div><span><br/></span></div><div id="ie6662dcf585c4157b19a0d8f2f7b3803_19"></div><div style="-sec-extract:summary;margin-bottom:6pt;text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:174%">SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS</span></div><div style="margin-bottom:6pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:174%">Item 9.01  Financial Statements and Exhibits</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(d) Exhibits.</span></div><div><span><br/></span></div><div style="margin-top:5pt;padding-left:18pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.491%"><tr><td style="width:1.0%"></td><td style="width:7.233%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.557%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:89.810%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Exhibit<br/>Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">2.1</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit21tonepdated05x16x2.htm">Amendment to Membership Interest Purchase Agreement, dated as of May 16, 2021, among Genesis Solar Holdings, LLC, NextEra Energy Partners, LP, Genesis Solar Funding, LLC and the Class B purchasers thereto</a></span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">10.1</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm">Amendment</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm"> No. 1</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm"> to </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm">Third Amended and Restated Limited Liability Company Agreement of Genesis Solar Holdings, LLC, dated as of </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm">May </a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm">16</a><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%;text-decoration:underline" href="exhibit101tonepdated05x16x.htm">, 2021</a></span></div></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">101</span></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Interactive data files for this Form 8-K formatted in Inline XBRL</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:115%">Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)</span></td></tr></table></div><div><span><br/></span></div><div id="ie6662dcf585c4157b19a0d8f2f7b3803_22"></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</span></div><div style="text-align:justify"><span><br/></span></div><div style="margin-bottom:7pt;text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Date:&#160;&#160;May 17, 2021</span></div><div style="margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:201.00pt"><tr><td style="width:1.0pt"></td><td style="width:19.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:178.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:14pt"><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">NEXTERA ENERGY PARTNERS, LP</span></td></tr><tr style="height:14pt"><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:100%">(Registrant)</span></td></tr><tr style="height:15pt"><td colspan="6" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="6" style="padding:0 1pt"></td></tr><tr style="height:15pt"><td colspan="6" style="border-bottom:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">JAMES M. MAY</span></td></tr><tr style="height:30pt"><td colspan="6" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:9pt;font-weight:400;line-height:120%">James M. May<br/>Controller and Chief Accounting Officer</span></td></tr></table></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><span><br/></span></div></div></div></body></html>
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nep-20210516
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of earliest event reported:
May 16, 2021
Commission
File
Number
Exact name of registrant as specified in its
charter, address of principal executive offices and
registrant's telephone number
IRS Employer
Identification
Number
1-36518
NEXTERA ENERGY PARTNERS, LP
30-0818558
700 Universe Boulevard
Juno Beach
,
Florida
33408
(
561
)
694-4000
State or other jurisdiction of incorporation or organization:
Delaware
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of exchange
on which registered
Common Units
NEP
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01  Entry into a Material Definitive Agreement
On May 16, 2021, NextEra Energy Partners, LP (NEP) and two of its indirect subsidiaries, Genesis Solar Holdings, LLC (Genesis Holdings) and Genesis Solar Funding, LLC (Genesis Funding), entered into an amendment of its existing membership interest purchase agreement (as amended, membership purchase agreement) with certain investors (investors) including KKR Genesis TL Borrower LLC, which is the Class B purchaser representative and is affiliated with funds managed by Kohlberg Kravis Roberts & Co. L.P.. The amendments to the membership purchase agreement include, among other things, an increase in the aggregate Class B purchase price to be paid by the investors from approximately $1,095 million to $1,243 million, with the incremental amount entitled to earn the same pre-tax annual return as the existing amounts. As previously reported, the investors' initial funding of $750 million of the Class B purchase price under the membership purchase agreement (initial funding) occurred on December 18, 2020. In connection with the initial funding, the investors acquired approximately 60% of the total noncontrolling Class B membership interests in Genesis Holdings (Class B membership interests). The remaining 40% of the Class B membership interests were acquired by Genesis Funding and will be sold to the investors in connection with their additional funding of approximately $493 million of the Class B purchase price (final funding), which is inclusive of the increased purchase price specified in the amendment and is expected to occur by the end of the second quarter of 2021, subject to the satisfaction of customary closing conditions.
In connection with the amendments to the membership purchase agreement, an amendment to the third amended and restated limited liability company agreement of Genesis Holdings (as amended, the LLC agreement) was also entered into as of May 16, 2021 between Genesis Solar Holdings and the Class B purchaser representative, amending certain provisions of the LLC agreement. Under the LLC agreement, NEP, through its indirect ownership of Genesis Funding, generally receives 75% of Genesis Holdings' cash distributions for the first ten years after the initial funding, and the investors receive 25%, subject to certain adjustments, except that, until the final funding, NEP receives approximately 83% of Genesis Holdings' cash distributions and the investors receive 17%. From the fifth to the tenth anniversary of the initial funding, NEP has the option (the buyout right), subject to certain limitations, to periodically purchase the Class B membership interests in Genesis Holdings at a buyout price that implies a fixed pre-tax annual return of approximately 6.76% to the investors (inclusive of all prior distributions). If exercised, NEP has the right to pay a maximum of 100% of the buyout price in NEP non-voting common units, issued at the then current market price of NEP common units or cash (or any combination thereof), subject to conditions and limitations set forth in the LLC agreement. Under the LLC agreement, for all distribution dates after the tenth anniversary of the initial funding, or if certain minimum purchases under the buyout right have not occurred by any distribution date following June 18, 2026, then, in any such case, the investors' allocation of Genesis Holdings' cash distributions payable with respect to Class B membership interests that the investors still own will increase to 99%, subject to certain adjustments.
The foregoing description of the amendments to the membership purchase agreement and the LLC agreement are qualified in their entirety by reference to the Amendment to Membership Interest Purchase Agreement and Amendment No. 1 to Third Amended and Restated Limited Liability Company Agreement, respectively, which are filed as Exhibits 2.1 and 10.1, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01  Financial Statements and Exhibits
(d) Exhibits.
Exhibit
Number
Description
2.1
Amendment to Membership Interest Purchase Agreement, dated as of May 16, 2021, among Genesis Solar Holdings, LLC, NextEra Energy Partners, LP, Genesis Solar Funding, LLC and the Class B purchasers thereto
10.1
Amendment
No. 1
to
Third Amended and Restated Limited Liability Company Agreement of Genesis Solar Holdings, LLC, dated as of
May
16
, 2021
101
Interactive data files for this Form 8-K formatted in Inline XBRL
104
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date:  May 17, 2021
NEXTERA ENERGY PARTNERS, LP
(Registrant)
JAMES M. MAY
James M. May
Controller and Chief Accounting Officer