NextEra Said to Near $800 Million Deal for ECP’s Symmetry (1)

NextEra Energy Inc. is in advanced talks to acquire closely held Symmetry Energy Solutions for about $800 million, according to people familiar with the matter.

A deal for Symmetry, backed by Energy Capital Partners, could be announced within weeks, the people said, asking not to be identified because the matter is private.

Symmetry would build out the natural gas capabilities of NextEra, one of the world’s biggest suppliers of wind and solar power. Energy Capital Partners invested in Symmetry, an unregulated gas retail platform, in 2020, according to its website.

Deliberations are ongoing, and the timing of any deal ...