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


09 November 2017
Clarify on Karti Chidambaram request to go overseas , Supreme Court tells CBI
Karti's lawyer Kapil Sibal told the apex court that the former was not a "fugitive of justice". The court granted CBI one week time to respond and posted the case for hearing to November 16.

09 November 2017
Search continues for 'emotionally disturbed' man in New Haven park
The search crews received help from the Suffolk County Police Department in NY , which used a helicopter. Police were called at 4 p.m. on Wednesday when Manny's parents realized they were not going to find him.

09 November 2017
Trending Stock under Radar: Argos Therapeutics (ARGS)
The forecast of 0 surveyed investment analysts covering the stock advises investors to Buy stake in the company. The latest exchange of 8.56 Million shares is above its average trading activity of 10.24 Million shares.

09 November 2017
Tanger Factory Outlet Centers (NYSE:SKT) Has Increase in Shorts
The average investment rating for SKT on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.13 or a Hold. FMR LLC acquired a new stake in Tanger Factory Outlet Centers during the second quarter valued at approximately $30,625,000.

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
Saints CB Breaux to remain on IR for rest of season
Through three years with the Saints, he has played in 22 games, hauling in 3 interceptions and defensing 20 passes. He told reporters on October 30th "I'm catching up now, last week like I said, I went full practice last week".

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
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.