NextEra Energy Resources Takes 49% Stake in $1.2B South Florida Pipe
Six weeks after Chesapeake Utilities announced it would sell up to 49% of its $1.2 billion Florida Energy Pathway pipeline, it found a partner: NextEra Energy Resources. On September 1, Chesapeake’s subsidiary sold a 49% minority interest in FEP to NextEra. Peninsula retains 51% and control, and the joint venture hired another Chesapeake subsidiary to build, manage, and operate the line.