NextEra Energy Sells Hydro Assets in Maine and New Hampshire

NextEra Energy Resources LLC, a subsidiary of NextEra Energy Inc (NEE), agreed to sell hydro- generation assets in New Hampshire and Maine to a unit of Brookfield Renewable Energy Partners.

The sale is based on an enterprise value of about $760 million and includes $700 million of non-recourse debt, NextEra said in a statement today. The deal’s price wasn’t disclosed.

To contact the editor responsible for this story: Jasmina Kelemen at jkelemen2@bloomberg.net

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