Spectra, NextEra To Build $3B Fla. Utility Gas Pipeline

Law360, New York (July 26, 2013, 7:08 PM EDT) -- Florida Power & Light Co. has selected a joint venture of Houston-based Spectra Energy Corp. and NextEra Energy Inc. to build the bulk of a proposed $3.5 billion, 465-mile interstate natural gas pipeline stretching from Alabama to Florida, it said Friday.

The joint venture, called Sabal Trail Transmission LLC, emerged the successful bidder on the utility’s massive project, which is meant to provide transportation services for the state’s growing power-generation needs starting in May 2017.

Specifically, Sabal Trail Transmission will invest roughly $3 billion in building...
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