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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