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.



Like this

loading...
loading...

Latest


09 November 2017
Sean Parker: This Is How We Made Facebook Addicts
Parker says the social networking site exploits human psychological vulnerabilities through a validation feedback loop that gets people to constantly post to get even more likes and comments.

09 November 2017
Nefarious designed of anti-Pak elements in Afghanistan will not succeed: FO
Secretary of state Rex Tillerson also noted that the USA views India as a partner for peace in Afghanistan and welcomes India's economic and development assistance efforts.

09 November 2017
Trump praises 'great folks' in Japan Inc
Officials from Japan want to bring the United States back into the trade pact or create a trade deal between the two nations. Despite that presence, the U.S. still runs a trade deficit with Japan of about US$69 billion.

09 November 2017
Understanding the Latest Financial Performance of Planet Fitness, Inc. (NYSE:PLNT)
The Firm has ATR of 0.58 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price. The company has a market capitalization of $2,516.83, a PE ratio of 31.99, a PEG ratio of 1.80 and a beta of 0.84.

09 November 2017
Sector Highlights: Take-Two Interactive Software, Inc. (NASDAQ:TTWO)
Now we see the performance from the period beginning the first day of the current calendar or fiscal year up to the current date. David Stemerman decreased its stake in Take ( TTWO ) by 44.79% based on its latest 2017Q2 regulatory filing with the SEC.

09 November 2017
Raleigh, Charlotte among top 10 most affordable metros for renters, study says
Despite this, almost half of all US renters - 49.7 percent nationwide - still pay too much income in rent, the study reports. But bigger cities in the South, along with communities in the Rust Belt and Midwest, are more affordable for renters.

09 November 2017
Tiaa Fsb Cuts Position in Accenture PLC
Clearbridge Ltd Liability Com stated it has 0% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) for 81,810 shares. The company has its outstanding shares of 638.37M. 1,400 were reported by Cubist Systematic Strategies Ltd Com. (NYSE:SPN).

09 November 2017
Analyst EPS Estimates Coverage: Great Plains Energy Incorporated (GXP)
Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized.

09 November 2017
Wisconsin wants to lower drinking age to 19
The Republican lawmakers say in a memo seeking co-sponsors that wolves are wiping out deer, livestock and pets. Wisconsin already allows anyone over the age of 18 to drink in restaurants, as long as parents approve.

09 November 2017
Suspect killed in Clinton officer-involved shooting identified
The TBI said the findings of the investigation will be shared with the District Attorney General to be reviewed. A wanted man was killed in an officer-involved shooting in the East Tennessee town of Clinton Wednesday night.