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NextEra Energy Partners to Buy Texas Pipeline Company

Posted by August 3, 2015

Renewable energy company NextEra Energy Partners said it would buy NET Midstream, a privately held company that develops natural gas pipeline assets, for $2.1 billion.

The deal will give NextEra seven natural gas pipelines in Texas.

NextEra Energy Inc, which formed NextEra Energy Partners to buy and manage clean-energy projects, reported a better-than-expected profit on Monday.

(Reporting by Tanvi Mehta in Bengaluru)
 

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