New Fortress (NFE) Sells Power Plants, Secures Supply Deal [Yahoo! Finance]
New Fortress Energy Inc. - Class A (NFE)
Last new fortress energy inc. - class a earnings: 3/4 12:02 am
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Source: Yahoo! Finance
Rico Electric Power Authority (“PREPA”) for $373 million in cash. Developed in 2023 to stabilize the island's power grid, these plants have become pivotal assets in Puerto Rico's energy portfolio. Highlighting the significance of the transactions, the company stressed on its commitment to bolster Puerto Rico's energy security and reduce costs. The sale includes a new gas supply contract with PREPA, more than doubling NFE's gas provision volumes and ensuring continued gas supply to the plants for up to four years. The agreement is an important step for New Fortress Energy because it fits with the company's big goal to help fight energy shortage and make clean, reliable energy more available worldwide. This deal underscores NFE's efforts to help Puerto Rico get the energy it urgently needs while helping the island reach its goals to grow economically and protect the environment. By divesting these assets to PREPA and securing an expanded gas supply contract, NFE not only optimizes
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NFE
Earnings
- 2/29/24 - Beat
NFE
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 3/27/24 - Form 8-K
- NFE's page on the SEC website