NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B

Penn Central Line in red (click for larger version)

Some big news to share. NextEra Energy Partners, a subsidiary of NextEra Energy which owns and operates solar and wind projects, as well as natural gas pipelines, announced early this morning they have cut a deal to buy Meade Pipeline Co LLC for $1.37 billion. Meade Pipeline is the name for a joint venture between several companies that own 39.2% of what is called the Central Penn Line pipeline system, otherwise known as Williams’ Atlantic Sunrise Pipeline–a major new pipeline that has single-handedly lifted the price drillers (and consequently landowners) receive for northeastern PA Marcellus gas.

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