September 30, 2019 / 10:47 AM / 18 days ago

NextEra Energy Partners to buy Meade Pipeline for $1.37 billion

Sept 30 (Reuters) - Independent power producer NextEra Energy Partners LP said on Monday it will buy Meade Pipeline Co LLC in a deal valued at about $1.37 billion, including some future capital contributions.

Meade Pipeline owns a 39.2% stake in the Central Penn Line, an intrastate natural gas pipeline that connects the Marcellus basin to mid-Atlantic and Southeasten regions in the United States. (Reporting by Shariq Khan in Bengaluru; Editing by Arun Koyyur)

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