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Announced

31 Jan 2024

Completed

31 Jan 2024

NextEra Energy Transmission completed the acquisition of Lake Erie Connector from ITC Holdings.

Synopsis

NextEra Energy Transmission, a transmission developer, owner and operator, completed the acquisition of Lake Erie Connector, an underwater electric transmission line, from ITC Holdings, an American energy company owning and operating high-voltage electricity transmission networks. Financial terms were not disclosed.

Principals

target

Lake Erie Connector

bidder

Nextera Energy Transmission

Show Details & Financials

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Market Context

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Bidder Team (3)

david woollcombe

Partner at McCarthy Tetrault

Lawyer

bidder

Deals

£ 19.71 B

Total Value

john ketchum

Chairman, President and CEO at NEXTERA ENERGY TRANSMISSION

Manager

bidder

Deals

£ 9.84 B

Total Value

brian bolster

CFO at NEXTERA ENERGY TRANSMISSION

Manager

bidder

Deal

n/a

Total Value

Vendor Team (2)

linda apsey

CEO at ITC HOLDINGS CORP

Manager

vendor

Deal

n/a

Total Value

gretchen holloway

CFO at ITC HOLDINGS CORP

Manager

vendor

Deal

n/a

Total Value

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