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Southern Company to sell certain Florida assets to NextEra Energy for $6.5 billion

May 2018

Jones Day is advising Southern Company in three separate transactions for the sale of several of its Florida assets – Gulf Power Company, Florida City Gas, and the entities holding Southern Power’s interest in Plant Oleander and Plant Stanton – to NextEra Energy (NYSE: NEE) for an aggregate purchase price of $6.5 billion, including total equity value of approximately $5.1 billion.

For additional information about this matter, please contact: William B. Rowland, William J. Zawrotny

Client(s): Southern Company
Practice(s): M&A, Tax, Energy