3 Things You Need to Know If You Buy NextEra Energy Partners Today

NextEra Energy Partners (NYSE: NEP) and NextEra Energy (NYSE: NEE) are tied at the hip. But the relationship between the two is vital to understand before you buy NextEra Energy Partners. And, notably, that relationship has just changed in an important way. Here's a quick look at three facts you need to know before putting your money on the line.

NextEra Energy Partners is a limited partnership run by NextEra Energy. The purpose of creating the partnership was to raise capital for NextEra Energy's capital spending efforts. The way NextEra Energy achieves this is by selling, also known as dropping down, assets (in whole or in part) to NextEra Energy Partners. NextEra Energy Partners affords the purchase by issuing debt and new units.