The issuance by NEP of additional common units, securities convertible into or that may be settled in NEP common units or other equity securities of equal or senior rank will have the following effects: •NEP's existing unitholders’ proportionate ownership interest in NEP will decrease; •the amount of cash distributions per common unit may decrease; •because the IDR fee is based on a percentage of total available cash, the IDR fee will increase if total available cash increases even if the per unit distribution on common units remains the same; •the relative voting strength of each previously outstanding unit may be diminished; and •the market price of the common units may decline.