NextEra Energy Global Holdings B.V. and NextEra Energy Spain Holdings B.V. v. Kingdom of Spain (ICSID Case No. ARB/14/11) - NextEra Energy Inc Regulation FD Disclosure form 8-K - Companies are entitled to damages - 12 March 2019
Country
Year
2019
Summary
The decision concludes that the Companies are entitled to damages based on a return on the capitalized costs of the Companies' investments in the plants as of June 30, 2016 on the basis of the plants' weighted average cost of capital plus a premium of 200 basis points, which NEE currently estimates to represent approximately 291 million (USD $329 million), plus pre- and post-judgment interest based on the 5-year Spanish sovereign bond rate.
(Energy Charter Treaty, ECT)