Florida Power and Light

Florida Power and Light owner NextEra Energy is currently holding an open season on a new pipeline system to help supply their natural gas fired generating assets in Florida. If built, this system will be the third gas pipeline to supply Florida, which has no onshore production. Unlike the two existing pipelines that receive most of their supplies from conventional Gulf Coast production, the third pipeline would likely be fed by shale production from the Midcontinent and Texas. Those supplies are looking for a home in the Gulf nowadays as surging Marcellus production overtakes their traditional Northeast market. Today we review the project plans.