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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

First Solar Completes 550-MW Solar Project in Southern California

LCG, January 21, 2015-First Solar has completed construction of the 550-MW Desert Sunlight Solar Farm, which is co-owned by NextEra Energy Resources, GE Energy Financial Services, and Sumitomo Corporation of America. The Southern California project reached the commercial operations milestone on December 5, 2014, according to the California ISO. Construction on the project began in September 2011.

The electricity generated by the solar photovoltaic (PV) facility is under power purchase agreements (PPAs) with Pacific Gas & Electric (PG&E) and Southern California Edison (SCE). PG&E's share of capacity is 300 MW, with SCE contracting for 250 MW.

The Desert Sunlight Solar Farm is located in Riverside County on land managed by the Federal Bureau of Land Management (BLM).
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