JUNO BEACH, Fla.
March 1, 2013
/PRNewswire-FirstCall/ -- NextEra Energy Resources, LLC, the competitive energy subsidiary of NextEra Energy, Inc. (NYSE:NEE), today announced that one of its subsidiaries has completed the sale of all of its equity interests in White Pine Hydro Investments, LLC, which indirectly owns 351 megawatts (MW) of hydro generation related assets in
through FPL Energy Maine Hydro, LLC (Maine Hydro).
The sale was based on an enterprise value of approximately
, subject to typical closing adjustments and included the existing
of non-recourse project debt.
The Maine Hydro assets consist of a portfolio of hydroelectric generation plants and equity interests in eight storage reservoirs in
. The hydro assets are located primarily on three major river systems, which are the Kennebec River system, the Androscoggin River system, and the Saco River system, with one project located on the Presumpscot River system.
About NextEra Energy Resources
NextEra Energy Resources, LLC (together with its affiliated entities, "NextEra Energy Resources"), is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with over 18,100 megawatts of generating capacity in 24 states and
as of year-end 2012. NextEra Energy Resources, together with its affiliated entities, is the largest generator in
of renewable energy from the wind and sun. The business operates clean, emissions-free nuclear power generation facilities in
as part of the NextEra Energy nuclear fleet, which is one of the largest in
the United States
. NextEra Energy Resources, LLC is a subsidiary of
Juno Beach, Fla.
-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit
SOURCE NextEra Energy Resources, LLC