NextEra completes acquisition of Florida natural gas plants

Published on December 06, 2018 by Dave Kovaleski

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NextEra Energy completed its acquisition of Southern Company’s indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida.

“We are pleased to complete this transaction and add these high-quality assets to the NextEra Energy Resources portfolio,” Jim Robo, chairman and chief executive officer of NextEra Energy, said. “We have now successfully closed two of the three transactions we announced with Southern Company earlier this year, and we are still targeting completing the Gulf Power transaction in the first quarter of 2019.”

Following this transaction, NextEra Energy has acquired a 100-percent ownership interest in Plant Oleander, a dual-fueled, simple-cycle combustion turbine electric generation plant located near Cocoa, Fla. The plant has a generating capacity of approximately 791 megawatts (MW). It has power purchase agreements with the Florida Municipal Power Agency and Seminole Electric Cooperative.

NextEra Energy also purchased a 100-percent interest in a company that owns 65 percent ownership interest in Stanton Energy Center Unit A. This facility located near Orlando, Florida, that has a dual-fueled, combined-cycle electric generating unit, with a generating capacity of approximately 660 MW. The 65 percent interest is contracted with the Orlando Utilities Commission and Florida Municipal Power Agency.

NextEra Energy – headquartered in Juno Beach, Fla. – operates approximately 46,790 megawatts of net generating capacity and employs approximately 14,000 people in 33 states and Canada.