On 20 October 2021, during its third-quarter earnings call, NextEra Energy Inc.’s management team announced the acquisition of 17 regulated water and two wastewater utility systems in eight counties near Houston, Texas, in a deal with Quadvest, LP—a 40-year-old family-owned water & sewer utility— that is expected to close in 2022. The acquisition falls in line with NextEra's emerging water-focused strategy it has undertaken over the last two years.