July 29, 2013

FPL selects Sabal Trail Transmission and Florida Southeast Connection to build new natural gas pipeline system into Florida

July 29, 2013 Submitted Suwannee Democrat


Live Oak — Sabal Trail 

The Sabal Trail project will include approximately 465 miles of interstate natural gas pipeline (55 miles in Alabama, 196 miles in Georgia and 214 miles in Florida). The Sabal Trail pipeline will be capable of transporting more than 1 billion cubic feet per day of natural gas to serve local distribution companies, industrial users and natural gas-fired power generators in the Southeast.

Following FPL's selection of Sabal Trail through the RFP evaluation process, a NextEra Energy subsidiary agreed to invest approximately $1 billion of the system's projected cost of roughly $3 billion upon specified terms. NextEra Energy was provided the option to invest with Spectra Energy in order to facilitate on-time construction and enhance availability of financing for the pipeline project.

"We are very pleased to partner with NextEra in providing the critical natural gas infrastructure needed to help meet Florida's growing electricity demand," said Bill Yardley, president of U.S. transmission and storage for Spectra Energy Corp. "This project will also make additional natural gas supplies and new energy infrastructure available to power generators across Florida, thus increasing the energy diversity, security and reliability across the state."

Florida Southeast Connection 

The Florida Southeast Connection project will include approximately 126 miles of interstate natural gas pipeline in Florida and is expected to cost approximately $550 million to construct. The pipeline will initially be capable of transporting 400 million cubic feet or more of natural gas per day from Sabal Trail's Central Florida Hub to FPL's Martin Clean Energy Center. The natural gas will be used to generate electricity for FPL's approximately 4.6 million customer accounts.

For more information, visit the following websites: www.FPL.com/naturalgaspipelinesystem, www.SabalTrail.com and www.FloridaSoutheastConnection.com.

Florida Power & Light Company

Florida Power & Light Company is the largest rate-regulated electric utility in Florida and serves the third-largest number of customers of any electric utility in the United States. FPL serves approximately 4.6 million customer accounts and is a leading Florida employer with approximately 10,000 employees as of year-end 2012. During the five-year period ended December 31, 2012, the company delivered the best service reliability among Florida investor-owned utilities. As of year-end 2012, its typical residential customer bills are the lowest in Florida, and based on data available in July 2012, are about 26 percent below the national average. A clean energy leader, FPL has one of the lowest emissions profiles and one of the leading energy efficiency programs among utilities nationwide. FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE). For more information, visit www.FPL.com.

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