JUNO BEACH, Fla., March 31, 2021 /PRNewswire/ -- NextEra
Energy Transmission, LLC, a subsidiary of NextEra Energy, Inc.
(NYSE: NEE), today announced it has completed the previously
announced acquisition of GridLiance Holdco, LP and GridLiance GP,
LLC (GridLiance) from affiliates of Blackstone for approximately
$660 million, including the
assumption of debt.
"We are pleased to have completed the acquisition of GridLiance
and welcome their team into the NextEra Energy family," said
Jim Robo, chairman and CEO of
NextEra Energy. "This acquisition furthers our goal of creating
America's leading competitive transmission company and is
consistent with our strategy of adding high-quality regulated
assets to our portfolio."
GridLiance owns approximately 700 miles of high-voltage
transmission lines and related equipment with utility rates set by
the Federal Energy Regulatory Commission (FERC). The company's
assets span three regional transmission organizations and six
states.
NextEra Energy Transmission
NextEra Energy
Transmission develops, finances, constructs, and maintains
transmission assets across the continent. NextEra Energy
Transmission operates through its regional subsidiaries to
integrate renewable energy and strengthen the electric grid. The
company's subsidiaries were among the first non-incumbents to be
awarded projects by system operators and utility commissions in
California, New York, Texas, and Ontario. NextEra Energy Transmission's
portfolio includes operating assets in 10 states and six regional
transmission organizations, numerous projects under development and
construction in the United States,
and a project under construction in Ontario, Canada. To learn more,
visit www.NextEraEnergyTransmission.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/nextera-energy-transmission-completes-acquisition-of-independent-transmission-company-301259930.html
SOURCE NextEra Energy Transmission, LLC