Economy

Atlantic Sunrise pipeline build resumes after court lifts work-stoppage order

Atlantic Sunrise pipeline build resumes after court lifts work-stoppage order”

A federal appeals court has denied an emergency review of the Atlantic Sunrise pipeline project, allowing construction to resume immediately.

"We are pleased the court has lifted the administrative stay", Williams said in a statement. The shares rebounded Thursday, rising as much as 2.8% to $28.60 in NY. The stay prompted Williams to blast the pipeline's foes as "opponents of American energy" who were putting as many as 8,000 jobs in jeopardy and depriving families of low-priced gas. The company has already pressed President Donald Trump's administration for help getting another controversial pipeline built in NY by stressing the jobs it would create.

In a statement Wednesday pipeline builder Williams Partners said work would resume. The stay had stopped all construction activity on the pipeline in Pennsylvania.

FERC was among those opposing the stay, claiming it was overbroad.

Williams' subsidy, Transcontinental Gas Pipeline, then obtained the required permits from the state Department of Environmental Protection and began construction of 186 miles of pipeline in Pennsylvania on September 17.

Williams subsidiary Transcontinental Gas Pipe Line Co. started site work in September on the project, an extension of the company's existing Transco pipeline, after several years of back-and-forth with state and federal regulators.

The almost $3 billion project, which is created to increase natural gas deliveries by 1.7 billion cubic feet per day, is expected to be placed into full service in mid-2018.

The project includes revising piping in six compressor stations in Maryland, Virginia and North Carolina to permit natural gas to flow in both directions.



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