NextEra Energy Acquires Florida City Gas

Juno Beach-based energy company NextEra Energy recently announced it completed its acquisition of Florida City Gas from Atlanta-based Southern Co. for about $530 million in cash.

The acquisition of Florida City Gas is part of $6.48 billion in proposed acquisitions announced in May that would expand the company’s reach to northwest Florida, as well as add natural gas assets. NextEra’s subsidiary and client of PowerWright, Florida Power & Light Co., is already the largest electric utility in Florida, providing power to nearly half of residents and businesses.

Read More:  http://www.sun-sentinel.com/business/fl-bz-nextera-florida-city-gas-20180730-story.htm

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