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Stock Market & Financial Investment News

News Breaks
June 25, 2014
14:07 EDTPQ, NEENextEra Energy subsidiary, PetroQuest partnering on new nat gas venture
Florida Power & Light, a subsidiary of NextEra Energy (NEE), announced it is partnering with PetroQuest Energy (PQ) on a new venture to develop up to 38 natural gas production wells in the Woodford Shale region in southeastern Oklahoma. PetroQuest will oversee and operate those wells. FPL will receive a portion of the natural gas produced from each well for its use. As part of its petition, FPL asked the Florida Public Service Commission to approve guidelines for future natural gas production projects to allow the company, and in turn its customers, to take advantage of future beneficial natural gas investment opportunities. "By investing in natural gas production at the source rather than paying full market prices, FPL is projecting customer savings of up to $107M over the life of the first project," the company said.
News For NEE;PQ From The Last 14 Days
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March 30, 2015
16:36 EDTNEEFERC approves proposed merger between NextEra Energy, Hawaiian Electric
NextEra Energy (NEE) and Hawaiian Electric Industries (HE), whose subsidiaries include Hawaiian Electric Company, Hawaii Electric Light Company, and Maui Electric Company Limited, announced that the Federal Energy Regulatory Commission has given its approval to the companies' proposed merger that was announced in December 2014. The transaction remains subject to approval by the Hawaii Public Utilities Commission, HEI shareholders, the spinoff of ASB Hawaii and additional regulatory approvals and other customary conditions.

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