JUNO BEACH, Fla., April 4, 2016 /PRNewswire/ -- NextEra Energy
Resources, LLC, the competitive energy subsidiary of NextEra
Energy, Inc. (NYSE: NEE), today announced that one of its
subsidiaries, La Frontera Ventures LLC, has completed the sale of
its ownership interest in its Forney and Lamar generating assets to an affiliate of
Energy Future Holdings (EFH). The aggregate purchase price is
approximately $1.55 billion,
including estimated working capital, subject to customary closing
adjustments. In the second quarter of 2016, NextEra Energy
Resources expects the sale to result in net proceeds of
approximately $456 million and a gain
on disposition, which will be excluded from adjusted earnings.
The power plants sold to the EFH affiliate include the
1,912-megawatt (MW) Forney Energy Center, a natural gas-fired
facility located in Forney, Texas,
that began commercial operation in 2003 and the 1,076-MW Lamar
Energy Center, a natural gas-fired facility located in Paris, Texas, that began commercial operation
in 2000.
A NextEra Energy Resources' affiliate will continue to operate
both of the facilities included in the sale for an initial period
of up to one year.
About NextEra Energy Resources
NextEra Energy Resources, LLC (together with its affiliated
entities, "NextEra Energy Resources"), is a clean energy leader and
is one of the largest wholesale generators of electric power in the
U.S., with approximately 18,260 megawatts of generating capacity,
which includes megawatts associated with noncontrolling interests
related to NextEra Energy Partners, LP (NYSE: NEP), primarily in 25
states and Canada as of
April 2016. NextEra Energy Resources,
together with its affiliated entities, is the world's largest
generator of renewable energy from the wind and sun. The business
operates clean, emissions-free nuclear power generation facilities
in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy
nuclear fleet, which is one of the largest in the United States. NextEra Energy Resources,
LLC is a subsidiary of Juno Beach,
Fla.-based NextEra Energy, Inc. (NYSE: NEE). For more
information, visit www.NextEraEnergyResources.com.
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SOURCE NextEra Energy Resources, LLC