NextEra Energy, Inc. (NEE), the self-proclaimed largest utility company in the world, announced an agreement Monday with Southern Company to acquire Gulf Power, Florida City Gas and ownership interests in the Oleander and Stanton natural gas generating plants in Florida in deals valued at about $6.475 billion, including $1.4 billion of debt.
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MVP Needs FERC Quorum Soon to Avoid Delays, Says NextEra
The Senate will need to approve the Trump administration’s FERC nominees soon, or else it could put the Mountain Valley Pipeline (MVP) natural gas project schedule at risk, management for NextEra Energy Inc. said Wednesday.
NextEra Pulls Plug on Sooner Trails but Three NatGas Pipes Still ‘On Track’
NextEra Energy Inc. said three natural gas pipelines under development by a subsidiary are on track, but FERC records show the company’s plans for a fourth pipeline that would serve shale plays in the Midcontinent region have been withdrawn.
NextEra Reports Three NatGas Pipelines ‘On Track’ But Bids Happy Trails to Sooner Trails
NextEra Energy Inc. said three natural gas pipelines under development by a subsidiary are on track, but FERC records show the company’s plans for a fourth pipeline that would serve the Midcontinent region have been withdrawn.
With Merger Scrapped, Hawaiian Electric Drops LNG Plans
Hawaiian Electric Industries Inc. (HEI) has scrapped plans for a liquefied natural gas (LNG) contract with Fortis Hawaii Energy Inc. as well as plans to convert an existing power plant to natural gas following the termination of its proposed merger with NextEra Energy Inc.
Power Burn Changing Structure of Southeast NatGas Market, Says NextEra Analyst
Driven by coal-to-gas switching, natural gas demand growth in the Southeast is poised to “change the structure” of the region’s “market as we know it today,” according to Anupam Das, who manages market analytics for Juno Beach, FL-based wholesale electricity developer NextEra Energy Resources LLC.
Power Burn Changing Structure of Southeast NatGas Market, Says NextEra Analyst
Driven by coal-to-gas switching, natural gas demand growth in the Southeast is poised to “change the structure” of the region’s “market as we know it today,” according to Anupam Das, who manages market analytics for Juno Beach, FL-based wholesale electricity developer NextEra Energy Resources LLC.
Spectra Advances $3B Worth of Projects
Spectra Energy Inc. recently struck contracts to underpin three major pipeline projects, moving $3 billion worth of investment opportunities for the company into the execution column, a third brand-new pipeline to serve the Florida market among them.
Industry Briefs
Sabal Trail Transmission LLC, a joint venture of Spectra Energy and NextEra Energy Inc., has been named the winning bidder to build a 465-mile interstate natural gas pipeline project by Florida Power & Light (FPL) to provide transportation services for its power generations needs beginning in May 2017. FPL, the largest power company in the state, put out the request for proposals for a new pipeline in December. Sabal Trail would have an estimated price tag of $3 billion and originate in Tallapoosa County, AL, extend through Georgia and terminate at the Central Florida Hub near Orlando (see NGI, July 8). Through a capacity lease with Transcontinental Gas Pipe Line (Transco), natural gas supply would be accessed at Transco’s Station 85 in Choctaw County, AL. The pipeline, when completed, would have the capacity to transport more than 1 Bcf/d to serve local distribution companies, industrial users and natural gas-fired power generators. According to the Energy Information Administration, Florida generates 62% of its power from 1.1 Tcf of natural gas.