Florida is slated to get its first natural gas storage facility, which will hold 8-billion cubic feet of natural gas in Martin County.
Storing natural gas in-state will help utilities keep their power plants running and the lights on when hurricanes disrupt natural gas production, refining and transmission elsewhere in the Gulf of Mexico.
Florida gets more than 40 percent of its electricity from natural gas.
The $600-million facility will be located on a 145-acre former Superfund site in Indiantown.
The Floridian Natural Gas Storage Co. won approval to build the site last week from the Federal Energy Regulatory Commission, the company announced Tuesday.
Construction is expected to begin next year, and be finished in 2012.