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NextEra Acquires Retail Customer Book
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A NextEra Energy company has acquired a natural gas retail customer book from Approved Energy, several people familiar with the matter, but who were not directly involved in the transaction in any capacity either as a party or advisor, told EnergyChoiceMatters.com.
NextEra Energy's status as the buyer was not formally announced.
Ochsner Interests, Inc. announced that it had served as the exclusive financial advisor to Approved Energy in a recent transaction in which an undisclosed buyer acquired substantially all of Approved Energy's natural gas assets.
Ochsner Interests would not confirm or disclose the buyer in this transaction to EnergyChoiceMatters.com.
Several third-party market observers, who were not involved in the transaction in any capacity and who cannot be identified given the sensitive nature of the information, independently understand that NextEra was the buyer. EnergyChoiceMatters.com further understands that several former Approved Energy employees recently joined NextEra Energy.
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October 4, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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