NextEra Energy Transmission Acquires Trans Bay Cable

July 16, 2019

NextEra Energy Transmission, a subsidiary of NextEra Energy, Inc., completed the acquisition of Trans Bay Cable, LLC from affiliates of SteelRiver Infrastructure Fund North America. The 53-mile high-voltage direct current underwater transmission cable connecting Pittsburg, California to San Francisco will be added to NextEra's regulated transmission portfolio; financial terms were not disclosed.

Buyers
NextEra Energy Transmission, LLC, NextEra Energy, Inc.
Targets
Trans Bay Cable, LLC
Sellers
Affiliates of SteelRiver Infrastructure Fund North America
Industry
Energy
Location
California, United States
Transaction Type
Buyout

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