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.
The state is diverging from the national trend.
Lessons from New England on electric-gas market coordination.
Tennessee Valley Authority named William D. Johnson president and CEO. Northeast Utilities appointed James W. Hunt as v.p. of regulatory affairs and community relations. Pepco Holdings Inc. promoted Donna J. Kinzel to v.p., treasurer and chief risk officer, Kevin M. McGowan to v.p., regulatory affairs, and O. Ray Bourland to v.p., public policy. And others...
Constellation completes 16.1 MW PV project in Maryland; Ikea commissions 31st solar project, reaching 38 MW installed; IPL and MidAmerican install $545 million scrubber in Iowa; DTE partners with Enbridge and Spectra on pipeline for Utica shale gas; plus contracts and announcements from Dominion, Sempra, Southern Company, AEP, EPRI, Itron, Landis+Gyr, Opower and others.