NextEra Energy Transmission completes acquisition of GridLiance Holdco and GridLiance
Date
April 08, 2021
Type
M&A Transactions
Subtype
Transaction completed
Countries
(USA) United States of America
Subsectors
Ground Transmission
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NextEra Energy Transmission, a subsidiary of NextEra Energy, Inc., has completed the previously announced acquisition of GridLiance Holdco, LP and GridLiance GP, LLC (GridLiance) from affiliates of Blackstone for approximately US$660 million, including the assumption of debt.
GridLiance owns approximately 700 miles of high-voltage transmission lines and related equipment with utility rates set by the Federal Energy Regulatory Commission (FERC). The company's assets span three regional transmission organizations and six states.
