Announced
Completed
Financials
Tags
natural gas
Single Bidder
Friendly
Integrated Oil and Gas
Gas Distribution
United States
Majority
Domestic
Acquisition
Private
Completed
Synopsis
NextEra Energy, a clean energy company, completed the acquisition of Gulf Power and Florida City Gas, two natural gas distribution companies, from Southern Company, a gas and electric utility company, for $6.5bn. “We are excited to welcome our new colleagues from Gulf Power to the NextEra Energy family. The last few months have been among the most challenging periods in Gulf Power’s rich history as the team worked tirelessly to restore power to those impacted by Hurricane Michael. We couldn’t be more pleased by Gulf Power’s performance and commitment to getting the lights back on during what were extremely dangerous and difficult conditions. As we turn to the future, we look forward to extending to Gulf Power’s customers our best-in-class value proposition of low bills, clean energy, high reliability and outstanding customer service,” Jim Robo, NextEra Energy, Chairman and CEO
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