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NextEra Energy Completes Purchase from Southern Company of Ownership Interests in Two Florida Power Plants

LCG, December 5, 2018--NextEra Energy announced yesterday that it completed the acquisition of Southern Company's indirect ownership interests in the Stanton and Oleander natural gas power plants in Florida. The acquisition was previously announced in May of this year.

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Emera to Sell Three Combined-Cycle Power Plants in New England

LCG, November 29, 2018 --Emera Inc., headquartered in Halifax, Nova Scotia, announced this week that it has agreed to sell three natural gas-fired electric generating facilities that it owns in New England to the investment firm Carlyle Group for $590 million. The combined electric generating capacity of the three facilities is approximately 1,100 MW. The acquisition is expected to close in first quarter 2019.

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Industry News

CMS in Abu Dhabi Power-Water Plant Deal

LCG, Nov. 20, 2001--Abu Dhabi government officials said this morning that a joint venture between CMS Energy Corp. of the U.S. and International Power plc of Great Britain will join with the Abu Dhabi Water and Electricity Authority in management of a new water and power plant to be built next year in the emirate.

The government Authority will own 60 percent of Shuweihat CMS International Power while the American and British firms will split the remaining 40 percent. The new company, which has been capitalized at 675 million dirhams ($184 million U.S.), will operate and maintain power and desalination operations at the Shuweihat plant for 20 years, the officials said.

The plant will include a natural gas-fuelled 1,500 megawatt power plant and a water desalination facility with a capacity of 100 million imperial gallons (120 million U.S. gallons) per day. Construction on the facility, about 150 miles west of Abu Dhabi city, will start immediately and take a little more than two years.

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