May 6, 2025

NextEra looks to expands retail energy reach with acquisition of power marketer

The acquisition would expand NextEra’s retail presence in half a dozen states spanning across the Eastern U.S. including New York, Ohio, and Florida.

Power Play: NextEra Energy Inc. subsidiary NextEra Energy Resources LLC (NEER) is seeking FERC authorization to acquire New Wave Energy LLC, according to an April 30 filing. New Wave Energy is a retail electricity and gas supplier operating in six states and the District of Columbia. Retail Footprint: New Wave, headquartered in Buffalo, New York, supplies commercial, industrial, and residential ...

Details:

Filing Date: May 30, 2025

Docket Numbers:

EC25-83

Short Summary:

NextEra Energy Inc. subsidiary NextEra Energy Resources LLC (NEER) is seeking FERC authorization to acquire New Wave Energy LLC, according to an April 30 filing. New Wave Energy, headquartered in Buffalo, is a retail electricity and gas supplier operating in six states and the District of Columbia.

Impact Level:

Categories:

Dealmaking & Transactions

Tags: Acquisitions & Dispositions, Energy Marketing Services

Entities: NextEra Energy Inc.

Markets:

Regions:

States: District of Columbia, Florida, Maryland, New Jersey, New York, Ohio, Pennsylvania

Regulators: FERC

Courts:

Documents:

Acquisitions & Dispositions – Application