Clean Energy Giant NextEra Begins Push Into Water Utilities

NextEra Energy Inc., which calls itself the world’s biggest provider of wind and solar power, plans to buy up municipal and privately owned water assets to build a “world-class water utility,” the company said in its third-quarter earnings call Wednesday.

“We’re really excited about building a significant presence in the water business,” said chief financial officer Rebecca Kujawa. She also announced the company recently spent $45 million to buy regulated water and wastewater utility assets in eight counties near Houston, Texas. NextEra’s water strategy will also focus on assets outside Texas and will probably target certain U.S. regions, ...