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Mountain Valley Pipeline
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Virginia Mercury: The U.S. Environmental Protection Agency has recommended that the Army Corps of Engineers not grant Mountain Valley Pipeline a critical permit to cross several hundred streams in Virginia and West Virginia. “EPA has identified a number of substantial concerns with the project as currently proposed, including whether all feasible avoidance and minimization measures […]
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S&P Global Market Intelligence ($): Equitrans Midstream Corp. on May 4 said it is further postponing the in-service date of its 303-mile, 2-Bcf/d Mountain Valley Pipeline LLC mainline project, as well as its planned 75-mile pipeline expansion, amid several regulatory and permitting hurdles. Equitrans said it no longer sees Mountain Valley securing the necessary waterbody […]
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S&P Global Market Intelligence ($): Virginia regulators have said they will need at least until December 2021 to complete a water quality review for Mountain Valley Pipeline LLC, further pressuring the project’s late-2021 in-service target. The 303-mile, 2-Bcf/d project connecting Appalachian Shale gas to mid-Atlantic markets recently initiated a new round of permitting after suffering […]
Press Release, Cathy Kunkel, Suzanne Mattei and Clark Williams-Derry
Falling demand, legal and regulatory challenges spell financial peril for pipeline project
March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]
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S&P Global Market Intelligence ($): NextEra Energy Inc. raised its projection for renewable energy development through next year and expects to have its largest construction program ever in 2023 and 2024 as the company moves to capitalize on rising demand for clean energy. NextEra, which owns the regulated utility Florida Power & Light Co., expects […]
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S&P Global Market Intelligence ($): Development of major interstate natural gas pipelines in the U.S. may start to wind down as the market turns toward clean energy and as the Biden administration puts its stamp on policies surrounding fossil fuel production and transportation, according to executive observations and analyst comments. The number and size of […]
Press Release, Suzanne Mattei and Tom Sanzillo
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers
December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]
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The Roanoke Times: The Mountain Valley Pipeline has once again pushed its completion date back and the project cost up. Equitrans Midstream Corp., the lead partner in a joint venture of five energy companies that has faced widespread environmental problems while building the natural gas pipeline, made the announcement Tuesday. Rather than completing construction early […]
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Associated Press: Mountain Valley Pipeline has another two years to finish a natural gas pipeline. The Roanoke Times reports that the Federal Energy Regulatory Commission [FERC] also lifted a stop-work order for all but a 25-mile segment of the interstate transmission line that includes the Jefferson National Forest and adjacent land. While acknowledging problems with […]
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S&P Global Market Intelligence ($): Consolidated Edison Inc. will no longer invest in long-haul natural gas pipelines and may sell its existing portfolio, the company said just days after outlining plans for adopting alternative energy technology. “I don’t expect we’ll be making any further investments in those types of gas transmission assets,” Chairman, President and […]
IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market
Falling demand, legal and regulatory challenges spell financial peril for pipeline projectMarch 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]