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Starwood's $760M deal for NextEra gas plants wins FERC approval

FERC has given final blessing to to sellits ownership interests in two natural gas-fired plants in Pennsylvania.

Under the deal, the NextEra Energy Inc. subsidiary agreed to sell equityinterests in the 786-MW MarcusHook and 48-MW MarcusHook 50 facilities to an affiliate of . Thecompany sought FERCapproval in July for the $760million transaction.

Long IslandPower Authority holds a long-term contract for 685 MW of output ofthe Marcus Hook facility. (EC16-159)