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

German Company Allowed to Buy Majority of Czech Gas

LCG, May 3, 2002-The Czech Republic's anti-monopoly office, UHOS, has allowed German company RWE Gas to purchase the majority stake of the Czech gas network.

Having received permission, RWE Gas may buy 8 regional distribution bodies as well as gas importer and distributor Transgas for 4.1 billion Euros, or $3.7 billion. Transgas controls pipelines transporting 20 percent of western German natural gas supply and 34 percent of all Russian gas exports.

The potential contract would be the largest privatization move yet for the Czech government. Payments for government assets sold due to privatization are to be kept in the Czech National Bank and out of the foreign exchange market so as not to affect the Czech currency (USD1 = CSK33.9).

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