Electric utility NextEra Energy (NEE) announces its competitive power generation subsidiary will...

|About: NextEra Energy, Inc. (NEE)|By:, SA News Editor

Electric utility NextEra Energy (NEE) announces its competitive power generation subsidiary will sell a portfolio of natural gas plants to an affiliate of LS power for $1.05B. NextEra expects the transaction to produce net cash proceeds of roughly $500M, after accounting for debt and transaction costs, and to be accretive to EPS.