Deals
NextEra to Sell Texas Power Plants in $1.59 Billion Deal
- Transaction expected to close in first quarter of 2016
- Luminant's purchase of plants approved by bankruptcy court
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NextEra Energy Inc. agreed to sell two natural gas-fired generators in Texas to an affiliate of Energy Future Holdings Corp. for $1.59 billion as it seeks to reduce its exposure to the competitive power business.
Luminant will buy NextEra Energy Resources LLC’s La Frontera portfolio, which consists of the Forney and Lamar generating assets, according to a statement Friday. Their combined generating capacity can power about 1.5 million homes.