Duke Energy buys 7.5% of previously announced Sabal Trail pipeline that will meet growing need for natural gas in Southeast U.S. - Duke Energy

CHARLOTTE, N.C. -

Duke Energy, the nation’s largest electric utility, today said it has bought a 7.5-percent ownership stake in the proposed and previously announced $3-billion Sabal Trail natural gas pipeline that will traverse Alabama, Georgia and Florida to meet the growing need for natural gas in those states. 



Duke Energy’s commercial power business unit will invest approximately $225 million in the approximately 500-mile underground pipeline – from Tallapoosa County, Ala., to Osceola County, Fla. – during the next seven years. The company expects to invest more than 90 percent of those funds in the next three years.

Duke Energy buys 7.5% of previously announced Sabal Trail pipeline that will meet growing need for natural gas in Southeast U.S. - Duke Energy