Brief: Equitrans Midstream - Expected To Operate MVP Southgate And Owned A 47.2% Interest In MVP Southgate

Equitrans Midstream

29/12/2023 21:54

Dec 29 (Reuters) - Equitrans Midstream Corp  ETRN.N :
    * EQUITRANS MIDSTREAM CORP - EXPECTED TO OPERATE MVP
SOUTHGATE AND
OWNED A 47.2% INTEREST IN MVP SOUTHGATE AS OF SEPTEMBER 30, 2023
    * EQUITRANS MIDSTREAM CORP - REDESIGNED MVP SOUTHGATE IS
ESTIMATED
TO COST A TOTAL OF APPROXIMATELY $370 MILLION
    * EQUITRANS MIDSTREAM CORP - EXPECTS TO FUND ITS
PROPORTIONATE
SHARE THROUGH CAPITAL CONTRIBUTIONS MADE TO MVP JOINT VENTURE
    * EQUITRANS MIDSTREAM CORP - TARGETED COMPLETION TIMING FOR
PROJECT IS JUNE 2028, WITH MAJORITY OF CAPITAL SPEND EXPECTED TO
OCCUR IN 2027
    * EQUITRANS MIDSTREAM CORP - IN DEC, MVP JOINT VENTURE
ENTERED
INTO PRECEDENT AGREEMENTS WITH EACH OF PSNC AND INVESTMENT GRADE
COUNTERPARTY

Further company coverage:  ETRN.N 

 ((Reuters.Briefs@thomsonreuters.com;))