Deals
NextEra Agrees to Buy Texas Gas Pipelines for $2.1 Billion
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NextEra Energy Partners LP, the wind and solar power generator controlled by NextEra Energy Inc., agreed to buy seven natural gas pipelines in Texas for $2.1 billion, adding sales of the power plant fuel to Mexico.
By buying closely held NET Midstream, NextEra Energy Partners will gain the ability to ship 3 billion cubic feet of Texas shale gas a day, with the potential to expand that by 1 billion cubic feet, the company said in a statement Monday. NET’s assets include a pipeline in the Eagle Ford formation, the top U.S. gas field by proved reserves, according to Energy Department data.