Duke Energy invests in second natural gas pipeline
Duke Energy expanded its investment in interstate natural gas pipelines in 2015, committing $225 million to purchase a 7.5 percent ownership stake in the new $3 billion Sabal Trail pipeline that will traverse Alabama, Georgia and Florida to meet growing demand for natural gas in the southeast U.S.
The pipeline will have the capacity to deliver about 1.1 billion cubic feet of natural gas per day when it begins service, targeted for mid-2017.
Duke Energy Florida will use natural gas transported by the pipeline to fuel its new $1.5 billion power plant in Citrus County, Florida, scheduled to open in 2018.
Duke Energy also holds a 40 percent ownership stake in the proposed $4.5 billion to $5 billion Atlantic Coast Pipeline – a nearly 600-mile natural gas pipeline from West Virginia through Virginia to North Carolina – scheduled to begin service in late 2018, pending regulatory approvals.
Duke Energy’s pipeline investments underscore the company’s commitment to build critical natural gas infrastructure in the Southeast, where natural gas has become an important power plant fuel that provides significant environmental benefits.
Natural gas power plants release significantly smaller amounts of CO2 and other emissions than do coal plants.