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YOUR VOTE IS IMPORTANT
PLEASE SUBMIT YOUR PROXY PROMPTLY |
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| | ELECTRONIC DELIVERY OF PROXY MATERIALS | | | | | 1 | | |
| | ABOUT THE ANNUAL MEETING | | | | | 2 | | |
| | BUSINESS OF THE ANNUAL MEETING | | | | | 8 | | |
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| | INFORMATION ABOUT NEXTERA ENERGY PARTNERS AND MANAGEMENT | | | | | 15 | | |
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| | CORPORATE GOVERNANCE AND BOARD MATTERS | | | | | 17 | | |
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| | AUDIT-RELATED MATTERS | | | | | 28 | | |
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| | EXECUTIVE COMPENSATION | | | | | 30 | | |
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| | DIRECTOR COMPENSATION | | | | | 32 | | |
| | UNITHOLDER PROPOSALS FOR 2024 ANNUAL MEETING | | | | | 33 | | |
| | NO INCORPORATION BY REFERENCE | | | | | 33 | | |
| | | Unit Owner | | | | Ownership | | | | Original Votes | | | | Original Voting % of Total Outstanding Votes | | | | 5% of Outstanding Units Director Voting Limitation Votes Removed | | | | Actual Votes after 5% of Outstanding Units Director Voting Limitation | | | | Voting % After 5% of Outstanding Units Director Voting Limitation | | |
| | | NextEra Energy Group | | | | 57% | | | | 570 | | | | 57% | | | | (520) | | | | 50 | | | | 11.6% | | |
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10% Holder
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| | | 10% | | | | 100 | | | | 10% | | | | (50) | | | | 50 | | | | 11.6% | | |
| | | Other Public Unitholders | | | | 33% | | | | 330 | | | | 33% | | | | - | | | | 330 | | | | 76.7% | | |
| | | TOTAL | | | | 100% | | | | 1,000 | | | | 100% | | | | (570) | | | | 430 | | | | 100.0% | | |
| | | Unit Owner | | | | Votes Cast After 5% of Outstanding Director Voting Limitation | | | | % of Votes Cast of Total Outstanding Units Votes | | | | 10% of Votes Cast Director Election Cutback Votes Removed | | | | Votes Cast After 10% of Votes Cast Director Election Cutback | | | | % of Votes Cast After 10% of Votes Cast Director Election Cutback | | |
| | | NextEra Energy Group | | | | 50 | | | | 11.6% | | | | (8) | | | | 42 | | | | 9.77% | | |
| | | 10% Holder | | | | 50 | | | | 11.6% | | | | (8) | | | | 42 | | | | 9.77% | | |
| | | Other Public Unitholders | | | | 330 | | | | 76.7% | | | | - | | | | 330 | | | | 76.74% | | |
| | | Proportional Votes | | | | - | | | | - | | | | - | | | | 16 | | | | 3.72% | | |
| | | TOTAL | | | | 430 | | | | 100.0% | | | | (16) | | | | 430 | | | | 100% | | |
| | | Unit Owner | | | | Votes Cast | | | | % of Votes Cast of Total Outstanding Votes | | | | General 10% of Votes Cast Cutback Votes Removed | | | | Actual Votes Cast After General 10% of Votes Cast Cutback | | | | % of Votes Cast After General 10% of Votes Cast Cutback | | |
| | | NextEra Energy Group | | | | 570 | | | | 57% | | | | - | | | | 570 | | | | 57% | | |
| | | 10% Holder | | | | 100 | | | | 10% | | | | (1) | | | | 99 | | | | 9.9% | | |
| | | Other Public Unitholders | | | | 330 | | | | 33% | | | | - | | | | 330 | | | | 33% | | |
| | | Proportional Votes | | | | - | | | | - | | | | - | | | | 1 | | | | 0.1% | | |
| | | TOTAL | | | | 1,000 | | | | 100% | | | | (1) | | | | 1000 | | | | 100% | | |
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THE BOARD UNANIMOUSLY RECOMMENDS A VOTE FOR THE ELECTION OF ALL NOMINEES
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THE BOARD UNANIMOUSLY RECOMMENDS A VOTE FOR RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE LLP AS NEXTERA ENERGY PARTNERS’ INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2023
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THE BOARD UNANIMOUSLY RECOMMENDS A VOTE FOR APPROVAL, BY NON-BINDING ADVISORY VOTE, OF THE COMPENSATION OF NEXTERA ENERGY PARTNERS’ NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THIS PROXY STATEMENT
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THE BOARD UNANIMOUSLY RECOMMENDS A VOTE FOR 1 YEAR AS THE FREQUENCY OF FUTURE UNITHOLDER NON-BINDING ADVISORY VOTES ON THE COMPENSATION OF NEXTERA ENERGY PARTNERS’ NAMED EXECUTIVE OFFICERS
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Title of Class
|
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Name and Address of Beneficial Owner
|
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Amount and Nature
of Beneficial Ownership |
| | |
Percent of Class
|
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| | | Special Voting Units | | | |
NextEra Energy, Inc.
700 Universe Blvd. Juno Beach, FL 33408(1) |
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100,602,000
|
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100%
|
| |
| | | Common Units | | | |
BlackRock, Inc.
55 East 52nd Street New York, NY 10055(2) |
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7,507,728
|
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9.0%
|
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| | | Common Units | | | |
FMR LLC
245 Summer Street Boston, MA 02210(3) |
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6,159,962
|
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7.12%
|
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| | | Common Units | | | |
NextEra Energy, Inc.
700 Universe Blvd. Juno Beach, FL 33408(1) |
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650,459
|
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0.32%
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Name
|
| | |
Units Beneficially Owned
|
| | ||||||||
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Units Owned
|
| | |
Units Which May Be
Acquired Within 60 Days |
| | |
Total Units
Beneficially Owned |
| | |||||
| | | Susan D. Austin | | | |
23,660
|
| | |
0
|
| | |
23,660
|
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| | | Robert J. Byrne | | | |
30,920
|
| | |
0
|
| | |
30,920
|
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| | | Terrell Kirk Crews II | | | |
4,068
|
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0
|
| | |
4,068
|
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| | | Mark E. Hickson | | | |
18,303
|
| | |
0
|
| | |
18,303
|
| |
| | | John W. Ketchum | | | |
31,552
|
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0
|
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31,552
|
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| | | Peter H. Kind | | | |
30,590
|
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0
|
| | |
30,590
|
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| | | Rebecca J. Kujawa | | | |
17,522
|
| | |
0
|
| | |
17,522
|
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| | | James L. Robo(1) | | | |
193,348
|
| | |
0
|
| | |
193,348
|
| |
| | |
All directors and executive officers as a group (10 persons)
|
| | |
193,670
|
| | |
0
|
| | |
193,670
|
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| | Pipeline Entity | | | Transportation Reimbursements | |
| | LaSalle Pipeline, LP | | | $1,480,000 | |
| | Mission Natural Gas Company, LP | | | $61,000 | |
| | Mission Valley Pipeline Company, LP | | | $701,000 | |
| | Monument Pipeline, LP | | | $1,942,000 | |
| | NET Mexico Pipeline Partners, LLC | | | $100,000 | |
| | South Shore Pipeline L.P. | | | $1,862,000 | |
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Name
|
| | |
Age
|
| | |
Position(1)
|
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| | | John W. Ketchum(2) | | | |
52
|
| | | Chief Executive Officer | | |
| | | Terrell Kirk Crews II(3) | | | |
44
|
| | | Chief Financial Officer | | |
| | | Mark E. Hickson(4) | | | |
56
|
| | | Executive Vice President, Strategy and Corporate Development | | |
| | | Rebecca J. Kujawa(5) | | | |
47
|
| | | President | | |
| | | Charles E. Sieving(6) | | | |
50
|
| | | General Counsel | | |
| | | James May(7) | | | |
46
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| | | Controller and Chief Accounting Officer | | |
| | | Michael Dunne(8) | | | |
47
|
| | | Treasurer and Assistant Secretary | | |
| | | | | | |
2022
|
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2021
|
| |
| | | Audit Fees(1) | | | |
$ 2,389,000
|
| | |
$ 2,594,000
|
| |
| | | Audit-Related Fees(2) | | | |
2,525,000
|
| | |
2,243,000
|
| |
| | | Tax Fees | | | |
-
|
| | |
-
|
| |
| | | All Other Fees | | | |
-
|
| | |
-
|
| |
| | | Total Fees | | | |
$ 4,914,000
|
| | |
$ 4,837,000
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| |
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Name
(a) |
| | |
Fees Earned
or Paid in Cash ($) (b) |
| | |
Unit
Awards(1) ($) (c) |
| | |
Option
Awards ($) (d) |
| | |
Non-Equity
Incentive Plan Compensation ($) (e) |
| | |
Change in
Pension Value and Nonqualified Deferred Compensation Earnings ($) (f) |
| | |
All Other
Compensation ($) (g) |
| | |
Total
($) (h) |
| | |||||||||||||||||||||
| | | Susan D. Austin | | | | | $ | 82,500 | | | | | | $ | 142,971 | | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | | | | $ | 225,471 | | | |
| | | Robert J. Byrne | | | | | | 97,500 | | | | | | | 142,971 | | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | 240,471 | | | |
| | | Peter H. Kind | | | | | | 97,500 | | | | | | | 142,971 | | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | - | | | | | | | 240,471 | | | |