Mountain Valley pipeline gets FERC authorization to resume construction

RGC Resources

29/06/2023 24:57

June 28 (Reuters) - U.S. energy company Equitrans
Midstream Corp's  ETRN.N  long-delayed $6.6 billion Mountain
Valley natural gas pipeline received authorization on Wednesday
from the country's energy regulator to restart construction of
the project. 
    "Mountain Valley has all necessary authorizations for the
Mountain Valley Pipeline Project, ... therefore authorized to
proceed with all remaining construction associated with the
project," the U.S. Federal Energy Regulatory Commission (FERC)
said. 
    FERC had suspended work on Mountain Valley, a pipeline from
West Virginia to Virginia, due to litigation over the project's
Biological Opinion from the U.S. Fish and Wildlife Service,
which allows construction in areas inhabited by endangered and
threatened species. 
    Mountain Valley 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. 
    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 . 
    

 (Reporting by Akanksha Khushi in Bengaluru; Editing by Leslie
Adler)
 ((Akanksha.Khushi@thomsonreuters.com;))