Deals

A Renewable Energy Giant Makes a $1 Billion Bet on Natural Gas

  • NextEra Energy Partners buying Meade in a $1.37 billion deal
  • ‘I view gas pipelines as clean energy,’ CEO tells analysts
Photographer: Annie Sakkab/Bloomberg
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One of America’s biggest renewable-energy companies is making a bet on natural gas.

NextEra Energy Partners LP agreed to buy Meade Pipeline Co., an owner of a pipeline that provides gas from Pennsylvania, in a deal valued at about $1.37 billion, according to a statementBloomberg Terminal Monday.