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Spectra Energy to construct $3 billion interstate pipeline into Florida


Published Jul 30, 2013
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Spectra Energy

Spectra Energy Corp says that Sabal Trail Transmission, LLC (Sabal Trail), a joint venture of Spectra Energy and NextEra Energy, Inc., has been awarded a 465-mile interstate natural gas pipeline project by Florida Power & Light Company (FPL) to provide transportation services for their power generation needs beginning in May 2017.

"Spectra Energy is extremely pleased to have secured the bid to build and operate this interstate natural gas pipeline as a result of our competitive response to FPL's request for proposal (RFP). We are excited to work with FPL and NextEra Energy to bring this critically needed third interstate natural gas pipeline into Florida, which will provide safe, clean burning, affordable natural gas to power the state's homes, businesses and economy," said Bill Yardley, president, U.S. Transmission and Storage, Spectra Energy Corp. "Successfully securing this project is a testament to our strong history of successful project execution and advances our strategy of maximizing shareholder value by executing more than $25 billion in growth projects through the end of the decade."

Tags: Spectra Energy




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