NextEra Energy Partners has agreed to buy Meade Pipeline Co. in a deal valued at about $1.37 billion, according to Bloomberg.
Meade owns a 39.2% interest in the Central Penn Line, a 185-mile pipeline that connects the Marcellus Shale in Pennsylvania to the mid-Atlantic and southeastern U.S. The line has the capacity to deliver 1.7 bcf/day of natural gas.
NextEra’s deal includes a $90 million future expansion opportunity at the existing pipeline, which would add 600 mcf/day of natural gas capacity to Central Penn through the addition of compression at new and existing stations.
Learn more: Seeking Alpha > NextEra Energy Partners to buy Meade Pipeline for $1.37B
This post appeared first on Shale Gas Reporter.