Starwood Energy $760 million acquisition of NextEra Energy Resources assets

Overview:

• Private equity firm Starwood Energy has acquired $760 million in assets from NextEra Energy Resources.
• The assets consist of two natural gas-fired power plants located in Marcus Hook, Pennsylvania.
• The transaction is expected to close Q4, 2016.
• Morrison & Foerster (Jonathan Melmed, Jeff Kayes, David Kaufman) advised Starwood.
• Simpson Thacher & Bartlett (Brian Chisling) advised NextEra.

Kurt Stumpo - Journalist - North America and the Caribbean