NextEra Energy to sell Florida City Gas to Chesapeake Utilities for $923 mln (updated)

Chesapeake Utilities

26/09/2023 23:34

(Adds deal details and background in paragraphs 2-4)
       Sept 26 (Reuters) - NextEra Energy  NEE.N  said on
Tuesday it plans to sell Florida City Gas to Chesapeake
Utilities  CPK.N  for $923 million in cash.
    The deal includes $145 million of intercompany debt, NextEra
said.
    Florida City Gas serves about 120,000 residential and
commercial natural gas customers across eight counties in
Florida.
    The sale is expected to close by the end of the fourth
quarter of 2023, Chesapeake Utilities said, adding that Florida
operations will then contribute to more than half of its
operating income.

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
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