Chesapeake Utilities Corporation Announces Sale of 49% Ownership Interest in Florida Energy Pathway Project
Chesapeake Utilities Corporation has sold a 49% ownership interest in the Florida Energy Pathway project to NextEra Energy Resources, forming a joint venture while retaining a 51% controlling stake. The $1.2 billion project is a 24-inch intrastate natural gas transmission pipeline designed to expand capacity from Palm Beach County to Miami-Dade County.
Key figures
- Total project investment
- $1.2 billion
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