Alabama

Duke Energy Buys 7.5% of Previously Announced Sabal Trail Pipeline

Submitted by aburr on Thu, 2015-05-14 13:39

Duke Energy bought a 7.5-percent ownership stake in the proposed and previously announced $3-billion Sabal Trail natural gas pipeline that will traverse Alabama, Georgia and Florida to meet the growing need for natural gas in those states. Duke Energy's commercial power business unit will invest approximately $225 million in the approximately 500-mile underground pipeline - from Tallapoosa County, Ala., to Osceola County, Fla. - during the next seven years. The pipeline, scheduled to begin service in 2017, requires federal and other regulatory approvals.

People (March 2015)

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People (April 2014)

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