Gulf Power to be sold to NextEra Energy

NORTHWEST FLORIDA, (WJHG/WECP) - UPDATE 05/21/2018 10:10 a.m.:

We've received a statement from Gulf Power representatives about the transaction that states:
"This transaction was just announced today (Monday) and with any transaction of this type there will be many questions that will be answered as we as a company and our employees move through this process. We want our customers to know that our people will continue to be focused on serving our customers who are our friends, family and neighbors and serving our communities in Northwest Florida."

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According to an announcement on Southern Company's website, it is set to sell Gulf Power Company to NextEra Energy.

The company has also entered an agreement to sell Florida City Gas and interests in Plant Oleander and Plant Stanton.

The aggregate purchase price for the assets is close to $6.5 billion, with an equity of about $5 billion.

According to the website, "The transactions are designed to allow Gulf Power and Florida City Gas to continue their customer-focused business models and strong commitments to safety, reliability, customer service and community engagement."