NextEra Energy Inc 's NEE Florida Power & Light Company subsidiary penned a deal to sell Florida City Gas (FCG) to Chesapeake Utilities Corp CPK for $923 million in cash. FCG serves about 120,000 residential and commercial natural gas customers in Florida, and its natural gas system comprises about 3,800 miles of distribution main and 80 miles of transmission pipe. Post closure, FCG will become a wholly owned subsidiary of CPK. The transaction, which comprises intercompany debt of $145 million, is expected to close in Q4 FY23 subject to the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions. NEE Outlook : NEE expects the transaction to be accretive to its earnings immediately upon closure and reiterated its guidance for adjusted EPS at $2.98-$3.13 for 2023 and $3.23-$3.43 for 2024.