SOUTHERN COMPANY: Southern Company Closes Sale of Gulf Power to NextEra Energy


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Southern Company issued the following announcement on Jan. 3.

Southern Company today completed the previously announced sale of Gulf Power Company to NextEra Energy. This marks the completion of the sales of Gulf Power, Florida City Gas and the entities holding Southern Power's interests in Plant Oleander and Plant Stanton.

"These sales deliver substantial value to Southern Company and our stockholders. By strengthening our financial position and allowing us to fund our business without raising significant additional capital, the value proposition of this deal is clear," said Thomas A. Fanning, chairman, president and CEO of Southern Company. "Our Florida teams have contributed significantly to the economies of South and Northwest Florida and improved the communities we served. Southern Company will continue to honor the accomplishments of our distinguished past, while working to optimize the long-term success of our business."

Original source can be found here.

Source: Southern Company 

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