NextEra Finishes Florida City Gas Purchase

NextEra Energy, Inc., said Monday it has completed the purchase of Florida City Gas as part of a multibillion-dollar package announced in May that includes NextEra buying Gulf Power Co.

Florida City Gas has about 110,000 commercial and residential natural-gas customers in Miami-Dade, Brevard, St. Lucie and Indian River counties, according to NextEra, which is also the parent company of Florida Power & Light.

The deal announced in May, totaling $6.475 billion, includes NexEra buying Florida City Gas, Gulf Power and interests in two power plants from the Atlanta-based Southern Company. The Gulf Power purchase is expected to close during the first half of 2019, NextEra said in May. Gulf Power is the largest electric utility in Northwest Florida.

Reposted with permission from The News Service of Florida

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