Equitrans Midstream evaluating legal options after court blocks project (updated)

Equitrans Midstream

11/07/2023 11:56

(Adds background and company statement in paragraphs 2 to 5)
       July 11 (Reuters) - Pipeline operator Equitrans
Midstream  ETRN.N  said on Tuesday it is evaluating all legal
options after a federal appellate court halted construction for
the Mountain Valley Pipeline project.
    The $6.6 billion Mountain Valley project is one of several
U.S. oil and gas pipelines delayed by regulatory and legal
fights with environmental and local groups that found problems
with federal permits issued by the Trump administration.
    "Unless this decision is promptly reversed, it would
jeopardize Mountain Valley's ability to complete construction by
year-end 2023," the company said in a statement. 
    Mountain Valley is owned by units of Equitrans, NextEra
Energy Inc  NEE.N , Consolidated Edison Inc  ED.N , AltaGas Ltd
 ALA.TO  and RGC Resources Inc  RGCO.O .
    The pipeline received authorization from the country's
energy regulator last month to restart construction of the
project.  

       
  

 (Reporting by Sourasis Bose in Bengaluru; Editing by Nivedita
Bhattacharjee)
 ((Sourasis.Bose@thomsonreuters.com;))