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On 20 October 2021, during its third-quarter earnings call, NextEra Energy Inc.’s management team announced the acquisition of 17 regulated water and two wastewater utility systems in eight counties near Houston, Texas, in a deal with Quadvest, LP—a 40-year-old family-owned water & sewer utility— that is expected to close in 2022. The acquisition falls in line with NextEra’s emerging water-focused strategy it has undertaken over the last two years.
In this Research Note:
- NextEra carves out new water platform
- Roster of diversified critical infrastructure firms grows
- Water to play key role in NextEra’s business approach to carbon mitigation