Equitrans Midstream falls as US court halts Mountain Valley Pipeline project
11/07/2023 12:28
** Shares of pipeline operator Equitrans Midstream ETRN.N
fall 5.8% to $8.66 premarket
** A federal appellate court halted co's $6.6 bln Mountain
Valley Pipeline project on Monday
** Co says it is evaluating all legal options and that the
decision, if not promptly reversed, would jeopardize Mountain
Valley's ability to complete construction by year-end 2023
** 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
** Up to Monday's close, stock up 37% this year
(Reporting by Arshreet Singh)
((Twitter: https://twitter.com/Arshreets))
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