Brookfield Energy LP Units To Trade On NYSE
Bermuda-domiciled Brookfield Renewable Energy Partners LP expects its limited partnership [LP] units to begin trading on the New York Stock Exchange on Tuesday [June 11] under the trading symbol BEP.
The LP units will continue to be listed for trading on the Toronto Stock Exchange under the symbol BEP.UN.
“We are excited to achieve this important milestone and look forward to the added liquidity and global visibility that a NYSE listing will bring to our growing business,” said Richard Legault, President and Chief Executive Officer of Brookfield Renewable.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally.
Its portfolio is primarily hydroelectric and totals approximately 5,900 megawatts of installed capacity.
Diversified across 70 river systems and 12 power markets in the United States, Canada and Brazil, the portfolio’s output is sold predominantly under long-term contracts and generates enough electricity from renewable resources to power more than three million homes on average each year.
