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NextEra completes sale of stake in Calif. transmission line

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NextEra completes sale of stake in Calif. transmission line

A NextEra Energy Resources LLC subsidiary has completed the sale of its 17.54% interest in the 230-kV Sagebrush transmission line to a subsidiary of Terra-Gen Power Holdings II LLC.

Terra-Gen now indirectly owns a 74.48% undivided interest in the 46-mile California transmission line, which connects several generating projects to the transmission system owned by Edison International subsidiary Southern California Edison Co. and is operated by the California ISO.

Terra-Gen Power Holdings II is owned by investment funds owned by Energy Capital Partners III LLC and several passive, limited-partner investors.

The parties consummated the transaction Sept. 28.

NextEra Energy Resources is a subsidiary of NextEra Energy Inc. (FERC Docket EC17-154)