NextEra Energy Aims to Build a National Water Utility Business

Last week, Florida-based electric utility and renewable energy giant NextEra Energy (NYSE: NEE) announced that it had entered into an agreement to purchase the wastewater system of a suburban Philadelphia town.

Yep, that's right, NextEra -- which owns the country's largest regulated electric utility, Florida Power and Light -- is now a player in the U.S. regulated water and wastewater utility industry.

Here's what investors should know.

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Source Fool.com