# NextEra Energy Transmission to acquire Trans Bay Cable for $1B

NextEra Energy Transmission agreed to acquire Trans Bay Cable, a 53-mile underwater transmission cable system in California, for approximately $1 billion including debt assumption.

- Type: Acquisition
- Announced: 2018-11-19
- Where: California, United States
- Value: $1.00B
- Status: announced
- Products: underwater transmission cable system
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [NextEra Energy Transmission](https://endata.com/companies/35555.md) (acquirer)
- [Trans Bay Cable](https://endata.com/companies/35556.md) (target)
- [SteelRiver Infrastructure Fund North America](https://endata.com/companies/35557.md) (partner)

## Sources

- [newsroom.nexteraenergy.com](https://newsroom.nexteraenergy.com/2018-11-19-NextEra-Energy-Transmission-to-acquire-underwater-transmission-cable-system), 2018-11-19: "The Trans Bay Cable provides meaningful benefits to residents of the Bay Area by providing access to safe, reliable and cost-effective electric transmission service."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.