Thursday, July 10, 2014

Spectra, NextEra to team up on $3B gas pipeline

July 26. 2013 6:05PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) A joint venture of Spectra Energy Corp. and NextEra Energy Inc. will spend $3 billion to build a 465-mile pipeline that will bring natural gas from Alabama to Georgia and Florida.

The companies are building the Sabal Trail project for Florida Power & Light Co., the utility said Friday.

The new pipeline will end in Orlando, Fla., connecting there with two existing pipelines.

Another company, Florida Southeast Connection, will invest roughly $550 million to build a separate pipeline connecting the Sabal line with FPL facilities in Indiantown, Fla.

Construction is expected to start in 2016. The pipeline is expected to begin ferrying natural gas in May 2017.

FPL estimates the project will help create 8,600 jobs.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds