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The FEP adds a significant regulated asset-like project with firm volume commitments, potentially expanding rate-base and cash flow. The possibility of third-party equity participation could lower near-term equity needs while maintaining upside. However, the 2030 in-service timeline and financing risks could temper immediate price moves.
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Chesapeake Utilities and Peninsula Pipeline unveiled the Florida Energy Pathway, a $1.2 billion intrastate gas project in south Florida designed to ease regional supply constraints and bolster reliability. The plan includes a 24-inch pipeline with about 250,000 Dth/d of firm commitments and potential third-party financing up to 49% ownership, targeting in-service in 2030. Management will elaborate on capex and financing on the August Q2 call.
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