NextEra Energy Partners LP on Monday announced a $1.37 billion agreement to acquire Meade Pipeline Co. and its interests in Central Penn Line.
Meade Pipeline owns a 39.2% interest in the Central Penn Line, a 185-mile natural gas line that stretches mostly through Pennsylvania and supplies low-cost natural gas to the mid-Atlantic and Southeastern regions of the U.S.
The subsidiary of Juno Beach-based NextEra Energy (NYSE: NEE) said the pipeline is backed by a minimum 14-year contract from Houston-based…
