Florida

Chesapeake Utilities Corp. has agreed to pay $923 million in cash to acquire NextEra Energy Inc. subsidiary Florida City Gas (FCG), which, once complete, is expected to more than double Chesapeake’s natural gas business in the state.  FCG, a subsidiary of NextEra’s Florida Power & Light Co., owns and operates about 3,800 miles of distribution…

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…

Florida-based NextEra Energy Inc. is taking advantage of federal incentives to boost its advantage in renewable natural gas (RNG) and green hydrogen.  CFO Kirk Crews highlighted how the Inflation Reduction Act (IRA) is boosting the company’s ability to add the clean energy assets to its portfolio as it aims to supply a growing customer base…

With natural gas production remaining stout – even amid temporary shut-ins ahead of Hurricane Ian – and cooler weather leaving its mark on storage inventories, natural gas forward prices continued to fall during the Sept. 22-28 week, according to NGI’s Forward Look. In the latter part of the period, all attention was on Florida, where…

Duke Energy Florida earlier this month proposed an electricity rate hike to mitigate the impact of volatile natural gas prices. The “fuel adjustment” would be tacked onto residential, commercial and industrial power bills from March through at least February 2023, the Duke Energy Corp. subsidiary said. The measure would translate to a $6.62 increase in…

In a policy about-face, President Trump extended a moratorium on oil and natural gas development in the eastern Gulf of Mexico (GOM) and expanded the ban to the Atlantic coasts of Florida, Georgia and South Carolina. The president, speaking Tuesday in Jupiter, FL, near his Mar-a-Lago Club in Palm Beach, threw a political bone to…

Genie Energy subsidiary Mirabito Natural Gas has launched MirabitoClean to offset the carbon emissions of its Florida customers, which in turn would fund renewable energy projects around the United States.

Chesapeake Utilities Corp. affiliate Peninsula Pipeline Co. and SeaCoast Gas Transmission affiliate TECO Peoples Gas (PGS) plan to jointly develop a pipeline to bring additional natural gas capacity to the Jacksonville area of northeastern Florida, the companies said Wednesday.

Florida lawmakers have advanced a pair of bills designed to prohibit hydraulic fracturing, which is used in unconventional drilling.