FPL, Spectra Energy Corp. team up on $3B pipeline
By Paul Brinkmann, South Florida Business Journal
The pipeline represents a $3 billion investment spanning 465 miles from Alabama to Central Florida. It is expected to generate more than 8,000 jobs and enhance energy security in Florida. The Business Journal profiled FPL’s supply of natural gas in an in-depth article in this week’s print edition.
The joint venture between Spectra and FPL parent NextEra Energy will be called Sabal Trail Transmission LLC.
FPL said in a news release that it evaluated the Sabal proposal with other competitive responses to a request for proposals. The utility determined that the Sabal proposal would “save FPL customers nearly $600 million compared with the next-closest proposal.”
Read more about the deal in the South Florida Business Journal.
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