Skip to content
Subscriber Only

Spectra Wins $3 Billion Interstate Florida Gas Pipeline

Spectra Energy Corp. won a contract to build a $3 billion interstate natural gas pipeline for NextEra Energy Inc. to supply fuel for Florida’s growing power generation needs.

The new line will run 465 miles (750 kilometers) from Alabama to a hub in central Florida, and carry as much as 1 billion cubic feet a day of gas, NextEra’s regulated utility, Florida Power & Light Co., said today in a statement. As winning bidder for the contract awarded by NextEra, Houston-based Spectra will operate the pipeline and invest $2 billion while NextEra funds the remainder, it said.