The Data Behind NextEra’s $6.5B Bid for Gulf Power and Florida City Gas

By [email protected] On Monday, NextEra Energy Resources announced its $6.5 billion bid to buy Southern Company subsidiaries Gulf Power and Florida City Gas — its third attempt this decade to expand its share of regulated utility business beyond its flagship utility, Florida Power & Light.

And unlike its previous $4.3 billion bid for Hawaiian Electric, or its $18.7 billion bid for Texas utility Oncor, both of which failed to garner state regulator approval, NextEra’s new bid has some significant home-court advantages — as long as it can satisfy Florida regulators that the deal won’t stifle competition.

FPL and Gulf Power also share

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