NextEra Energy to Acquire Assets From Southern Company

NextEra Energy, Inc. announced on May 21, 2018 that it has entered into definitive agreements with Southern Company to acquire Gulf Power, Florida City Gas and its ownership interests in the Oleander and Stanton natural-gas generating plants located in Florida. It is worth noting that NextEra will acquire 100% ownership of Plant Oleander, a natural-gas fueled, simple-cycle combustion turbine electric generation plant located near Cocoa, Florida with a generating capacity of 791 MW, through power purchase agreements with Seminole Electric Cooperative and the Florida Municipal Power Agency.

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