Cabot Pockets $89 Million Profit on Sale of Atlantic Sunrise Pipe
On Monday MDN brought you the news that NextEra Energy, largely a renewables company, has made the bold move of buying 39% of the Central Penn Line, otherwise known as Williams' Atlantic Sunrise Pipeline project (see NextEra Energy Buys 39% Stake in Atlantic Sunrise Pipe for $1.37B). There is another aspect of that story worth mentioning--an aspect that involves Cabot Oil & Gas and a tidy profit.
To view this content, log into your member account. (Not a member? Join Today!)