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NextEra Energy Partners implements governance changes

NextEra Energy Partners implemented previously announced governance changes allowing limited partnership unit holders to vote for the majority of the board members, according to an Aug. 7 Form 8-K filing.

Under the governance changes, a seven-member board will be established for NEP starting the 2017 annual meeting of limited partners. Of the seven board members, three will be appointed by NextEra Energy Partners GP Inc. and the other four will be elected by limited partners of NEP.

The directors elected at the 2017 annual meeting will take charge, starting Jan. 1, 2018.

NEP is sponsored by NextEra Energy Inc.