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FPL parent to acquire cable system

Nov 20, 2018 - South Florida Sun-Sentinel

A subsidiary of NextEra Energy on Monday announced it has agreed to acquire a San Francisco Bay-area underwater transmission cable system for about $1 billion. NextEra is the parent company of Florida Power & Light Co.

The subsidiary, NextEra Energy Transmission, said it has entered into definitive agreements with SteelRiver Infrastructure Fund North America and its partners to acquire Trans Bay Cable.

"The Trans Bay Cable provides meaningful benefits to residents of the Bay area by ...