NextEra Energy Partners Completes Acquisition of NET Midstream

NextEra Energy Partners pic

NextEra Energy Partners
Image: finance.yahoo.com

At Wells Fargo Securities, Eric Fornell serves as vice chairman of investment banking and capital markets, where he is dedicated to the energy and power sector. An industry veteran with over 30 years of experience, Eric Fornell played a role as financial advisor in an acquisition made by one of Wells Fargo Securities’ clients, NextEra Energy Partners.

NextEra Energy Partners (NEP) manages and owns clean energy projects throughout North America and has natural gas projects in the state of Texas. On October 5, 2015, NEP completed an approximately $2.1 billion acquisition of NET Midstream. NET Midstream is an owner-operator of seven natural gas pipelines in Texas. With the NET Midstream purchase, NEP is looking to strengthen its presence in the natural gas pipeline space.

In addition to the NET Midstream acquisition, NEP announced the concurrent procurement of Jericho Wind Energy Center in Ontario, Canada. These businesses play an important role in NEP’s long-term growth strategy.

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