|
|
|
|
|
Retail Supplier Parent To Sell 840 MW Of Pennsylvania Generation
NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc., today announced that one of its subsidiaries has entered into an agreement to sell its ownership interest in its Marcus Hook generating assets to an investment affiliate of Starwood Energy Group Global, LLC.
The total consideration to be paid is $760 million, including estimated working capital at closing.
Upon closing, NextEra Energy Resources expects the sale to result in net proceeds of approximately $255 million after repayment of the existing project related financing.
The transaction includes the 790-megawatt (MW) combined-cycle Marcus Hook Energy Center and the 50-MW simple-cycle Marcus Hook 50 Energy Center. Both of these facilities are natural gas-fired power plants located primarily in Marcus Hook, Pa.
"This transaction is part of our ongoing strategy to further optimize our power generation assets, while recycling capital into our growing long-term contracted asset portfolio," said Armando Pimentel, president and CEO of NextEra Energy Resources.
The transaction is expected to close in the fourth quarter of 2016, pending the receipt of necessary regulatory approvals and satisfaction of other customary closing conditions.
ADVERTISEMENT Copyright 2010-16 Energy Choice Matters. If you wish to share this story, please
email or post the website link; unauthorized copying, retransmission, or republication
prohibited.
July 28, 2016
Email This Story
Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
NEW Jobs on RetailEnergyJobs.com:
• NEW! -- Channel Relations Manager -- Retail Provider
• NEW! -- Northeast Operations Analyst -- Retail Provider -- Houston
• NEW! -- Financial Analyst – Broker Commissions -- Retail Provider -- Houston
• NEW! -- Risk Analyst -- Retail Provider -- Houston
• NEW! -- Sales Operations Analyst -- Retail Provider -- Houston
• NEW! -- Software Developer -- Retail Provider -- Houston
• NEW! -- Director of C&I Sales -- Retail Provider -- Texas
• NEW! -- Pricing Analyst -- Retail Provider -- Houston
• NEW! -- Director of Pricing -- Retail Provider -- Houston
• NEW! -- Business Development Manager -- Retail Provider
• NEW! -- Operations Manager - Retail Energy Supplier
• NEW! -- Assistant Controller/Bookkeeper -- Retail Provider -- DFW
• NEW! -- Client Services Lead
|
|
|
|