TALLAHASSEE, Fla. (AP) - State regulators are signing off on a plan by Florida's largest electric company to invest in a new 600-mile natural gas pipeline.
The Florida Public Service Commission on Thursday approved Florida Power & Light's contracts to purchase natural gas from the new $3.5 billion pipeline that will join two existing pipelines.
The pipeline is expected to be in service by mid-2017. It will run from southwest Alabama through Georgia and down to central Florida where it will connect to the two pipelines. Another pipeline will be built that will run from Orlando to Indiantown where an FPL facility is located.
Regulators concluded that FPL - which has roughly 4.6 million customers - can save up to $450 million over the life of the natural gas contracts.