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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

Constellation's Hillabee Power Plant Begins Operations

LCG, June 8, 2010--Constellation Energy today announced that commercial operations commenced of its 740-MW, Hillabee Power Plant, located near Alexander City, Alabama. The project is expected to satisfy existing customer load obligations and meet increasing electricity loads in the region.

The natural gas-fired facility was purchased from Calpine Corporation in February 2008, when it was only partially complete, for $156.9 million (including direct costs). Calpine initiated construction of Hillabee in 2001, but discontinued work in 2003.
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