ETRN - Mountain Valley Pipeline seeks additional four years to complete project

Equitrans Midstream's (NYSE:ETRN) Mountain Valley Pipeline on Friday asked the Federal Energy Regulatory Commission for another four years to finish the pipeline and place it into service, Roanoke Times reports. MVP is 94% complete but faces "ongoing legal and permitting challenges" from lawsuits by environmentalists, but construction will not be completed by October 13, a deadline set two years ago by FERC. When plans were first announced for the 303-mile pipeline - to run from northern West Virginia through the New River and Roanoke valleys to connect with an existing pipeline near the North Carolina border - the goal was to have it completed by winter 2018 at a cost of $3.7B; the projected cost has since ballooned to $6.6B, and the expected completion date has been pushed back more than a half-dozen times. A deadline extension would "provide necessary clarity and certainty to stakeholders" and benefit "the landowners, the

For further details see:

Mountain Valley Pipeline seeks additional four years to complete project