LAKE MARY, Fla., Feb. 3, 2016 /PRNewswire/ -- Sabal Trail
Transmission, LLC, a joint venture of Spectra Energy Partners, LP
(NYSE: SEP), NextEra Energy, Inc., and Duke Energy, received a
certificate of public convenience and necessity from the Federal
Energy Regulatory Commission (FERC) to construct and operate the
Sabal Trail interstate natural gas pipeline project. This approval
authorizes Sabal Trail, subject to certain conditions, to proceed
with final preparations to commence construction in the coming
months to meet a May 1, 2017,
in-service date.
Once complete, the 516-mile pipeline would have the capacity to
deliver approximately 1.1 billion cubic feet of natural gas per day
to the Southeast U.S., including firm transportation services to
Florida Power & Light Company
and Duke Energy of Florida.
"Sabal Trail will provide a critically-needed source of
domestic, clean-burning, affordable natural gas to the Southeast
U.S. to meet the growing demand for natural gas-fired generation,
the cleanest and most versatile fuel for powering the region's
homes and businesses," said Bill
Yardley, president of Sabal Trail Management, LLC and
president of U.S. Transmission and Storage, Spectra Energy.
"For more than two and a half years, Sabal Trail has engaged
with stakeholders, local community officials, and federal and state
agencies to locate and design a pipeline system that will be built
and operated safely and efficiently. Receiving this stamp of
approval is a testament to our strong history of consultation and
successful project execution. We are very pleased to reach this
significant milestone and move one step closer to construction of
the pipeline, which will diversify the region's energy sources and
generate significant economic benefits for local communities."
For more information on Sabal Trail, visit
www.sabaltrail.com.
Spectra Energy Partners, LP (NYSE: SEP) is a Houston-based master limited partnership,
formed by Spectra Energy Corp (NYSE: SE). SEP is one of the largest
pipeline MLPs in the United States
and connects growing supply areas to high-demand markets for
natural gas and crude oil. These assets include more than 15,000
miles of transmission and gathering pipelines, approximately 170
billion cubic feet of natural gas storage, and approximately 4.8
million barrels of crude oil storage.
NextEra Energy, Inc. (NYSE:NEE) is a leading clean energy
company with consolidated revenues of approximately $17.5 billion, approximately 46,300 megawatts of
generating capacity, which includes megawatts associated with
noncontrolling interests related to NextEra Energy Partners, LP
(NYSE:NEP), and approximately 14,300 employees in 27 states and
Canada as of year-end 2015.
Headquartered in Juno Beach, Fla.,
NextEra Energy's principal subsidiaries are Florida Power & Light Company, which serves
more than 4.8 million customer accounts in Florida and is one of the largest
rate-regulated electric utilities in the
United States, and NextEra Energy Resources, LLC, which,
together with its affiliated entities, is the world's largest
generator of renewable energy from the wind and sun. Through its
subsidiaries, NextEra Energy generates clean, emissions-free
electricity from eight commercial nuclear power units in
Florida, New Hampshire, Iowa and Wisconsin. NextEra Energy has been recognized
often by third parties for its efforts in sustainability, corporate
responsibility, ethics and compliance, and diversity, and has been
ranked in the top 10 worldwide for innovativeness and community
responsibility as part of Fortune's 2015 list of "World's Most
Admired Companies." For more information about NextEra Energy
companies, visit these websites: www.NextEraEnergy.com,
www.FPL.com, www.NextEraEnergyResources.com.
Duke Energy is the largest electric power holding company in
the United States. Its regulated
utility operations serve approximately 7.3 million electric
customers located in six states in the Southeast and Midwest,
representing a population of approximately 23 million people. Its
Commercial Portfolio and International business segments own and
operate diverse power generation assets in North America and Latin America, including a growing portfolio
of renewable energy assets in the United
States.
Headquartered in Charlotte,
N.C., Duke Energy is a Fortune 250 company traded on the New
York Stock Exchange under the symbol DUK. More information about
the company is available at duke-energy.com.
Follow Duke Energy on Twitter, LinkedIn and Facebook.
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SOURCE Spectra Energy Partners, LP; Spectra Energy Corp