NextEra Energy Resources’ subsidiary La Frontera Ventures has divested its ownership stake in two natural gas-fired facilities in the US to Luminant, an affiliate of Energy Future Holdings (EFH), for nearly $1.55bn.

Located in the state of Texas, the two power plants have a combined generating capacity of 2,988MW.

The 1,076MW Lamar Energy Center and 1,912MW Forney Energy Center began commercial operations in 2000 and 2003 respectively.

The Lamar Energy Center in Paris uses gas and steam turbines to generate electricity, which is enough to power more than one million homes. With 33 employees, the Lamar facility operates approximately 16 hours every day.

"Located in the state of Texas, the two power plants have a combined generating capacity of 2,988MW."

The Forney Energy Center in Forney also generates electricity using both gas turbines and a steam turbine. It also operates approximately 16 hours every day and generates enough electricity for more than 1.6 million homes.

A NextEra Energy Resources’ affiliate will continue to operate both facilities included in the sale for an initial period of up to one year.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

NextEra Energy Resources operates wind, natural gas, solar, hydroelectric and nuclear power plants across the US. Said to the largest wind generator in North America with facilities in 17 US states and Canada, NextEra has a generating capacity of more than 18,000MW.

NextEra said more than 95% of its electricity comes from clean or renewable sources.

The company also operates nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy nuclear fleet, which is one of the largest in the US.