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NextEra Energy Resources Takes 49% Stake in $1.2B South Florida Pipe

Nextera Energy logoNextera Energy
Sig2.65Sen+4.05Env0.00Soc0.00Gov0.00

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.

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