Chesapeake Utilities announced the Florida Energy Pathway, an approximately $1.2 billion intrastate pipeline project to expand natural gas capacity in south Florida.
Key Highlights:
- Project: 24-inch intrastate natural gas pipeline from Palm Beach County to Miami‑Dade County to address regional supply constraints.
- Anchored commitments: Nearly 250,000 dekatherms per day from multiple investment‑grade shippers securing initial demand.
- Timeline & cost: Estimated total investment ~$1.2 billion; anticipated in‑service in 2030, pending final commissioning.
- Supply & expansion: Upstream capacity to be provided by Florida Gas Transmission Phase IX expansion; PPC accepting additional binding commitments.
- Financing & ownership: Chesapeake Utilities plans to evaluate financing options and may partner with third parties to sell up to 49% of the project.
Original SEC Filing:
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