May 21, 2018 / 11:46 AM / 7 months ago

NextEra to buy some Southern Co assets for $5.08 bln

May 21 (Reuters) - U.S. power company NextEra Energy Inc said on Monday it would buy certain assets including Gulf Power Co and Florida City Gas from Southern Co for $5.08 billion.

Including debt, the deal is valued at $6.48 billion, NextEra said.

Southern Co said it plans to use the proceeds from the transaction to reduce its debt. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Maju Samuel)

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