Chesapeake Utilities sells 49% stake in Florida Energy Pathway to NextEra Energy Resources - CPK News | RalliesChesapeake Utilities sells 49% stake in Florida Energy Pathway to NextEra Energy Resources
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CPK• Chesapeake Utilities sells stake in Florida Energy Pathway
- Chesapeake Utilities sold a 49% stake in the Florida Energy Pathway natural gas transmission project to NextEra Energy Resources.
- Peninsula Pipeline Holdings will retain 51% ownership. Peninsula Pipeline Company will construct, manage, and operate the project.
- Florida Energy Pathway is planned as a 24-inch intrastate pipeline from Palm Beach County to Miami-Dade County.
- Total project investment is estimated at about USD 1.2 billion, pending final design and development work.
- Construction is expected to start in the first half of 2028. In-service timing is targeted for 2030.
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