XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, a Juno Beach, Florida-based renewable energy company.
History
XPLR Infrastructure is a limited partnership formed in 2014 by NextEra Energy.[1][2][3]
In June 2014, NextEra Energy announced an initial public offering for NextEra Energy Partners after the previously wholly owned subsidiary was approved for listing on the New York Stock Exchange under the symbol "NEP." Bank of America Merrill Lynch and Goldman Sachs structured the offering.[4][5]
On January 9, 2015, a subsidiary of the company acquired Palo Duro Wind Project Holdings, LLC and the Palo Duro wind facility in Texas.[6]
In May 2015, the company completed the acquisition of 1,923 MW of contracted wind power projects from NextEra Energy Resources. The acquisition included facilities in North Dakota, Oklahoma, Oregon, and Washington.[7]
In November 2023, NextEra Energy Partners announced that it entered into a definitive agreement with Kinder Morgan, Inc. to sell its Texas natural gas pipeline portfolio for $1.815 billion.[8]
In January 2025, NextEra Energy Partners announced it was changing the company name to XPLR Infrastructur, with a corresponding name in the stock ticker from NEP to XIFR.[9]
Operations
XPLR Infrastructure purchases and owns wind, solar power, and natural gas pipeline projects in North America.[1][2][3]
Wind power projects
XPLR Infrastructure has wind power projects in multiple North America locations, including: • Barnes County, North Dakota[7]
• Blaine[7]
• Bluewater[6]
• Burleigh County, North Dakota[7]
• Conestogo, Ontario[6]
• Dewey County, Oklahoma[7]
• Elk City[6]
• Northern Colorado[6]
• Palo Duro Canyon[6]
• Perrin Ranch[6]
• Summerhaven, Arizona[6]
• Tuscola Bay wind farm[6]
• Umatilla County, Oregon[7]
• Walla Walla County, Washington[7]
Solar power projects
XPLR Infrastructure has solar power projects in multiple North America locations, including: • Genesis[6]
• Moore[6]
• Sombra, Ontario[6]
See also
External links
References
- NEP Profile - NextEra Energy Partners, LP Com Stock finance.yahoo.com, Yahoo! Finance, retrieved July 14, 2015^
- Company Information investor.nexteraenergypartners.com, NextEra Energy Partners, LP, retrieved July 14, 2015^
- Our Company nexteraenergy.com, NextEra Energy, Inc., retrieved July 14, 2015^
- NextEra Energy announces commencement of initial public offering of NextEra Energy Partners, LP investor.nexteraenergypartners.com, NextEra Energy Partners, LP, June 19, 2014, retrieved July 14, 2015^
- Ausick, Paul. NextEra Launches Alternative Energy MLP — in Name Only 247wallst.com, 24/7 Wall St., June 19, 2014, retrieved July 14, 2015^
- Nextera Energy Partners LP (NEP) Company Profile Reuters.com, retrieved July 14, 2015^
- Froese, Michelle. NextEra Energy finalizes deal to acquire 664 MW in wind capacity Windpower Engineering & Development, May 13, 2015, retrieved July 14, 2015^
- Kinder Morgan to Acquire NextEra's South Texas Gas Pipelines for $1.82 Billion Investopedia, retrieved 2023-11-09^
- Pamela Tisheva. NextEra Energy Partners changes name to XPLR Infrastructure Renewables Now, 24 January 2025, retrieved 26 December 2025^