Focusing Efforts on Environmental Protection
and Safety
Mountain Valley Pipeline, LLC released the following statement
and background information related to project-wide preparation
activities for Hurricane Florence, which is currently projected to
impact the east coast and could affect several areas of the
Mountain Valley Pipeline (MVP) route across Virginia, and possibly
even West Virginia as the storm moves inland. A previous weather
system with significant rainfall has already saturated grounds
along several portions of the MVP route and precautionary measures
have been implemented to address potential issues.
“Given the current path of the storm, forecasters are expecting
an unprecedented amount of rainfall across Virginia later this week
and through the weekend – therefore, we are taking all possible
precautions in Virginia to ensure the safety of our crews and
communities, as well as to protect and maintain erosion and
sediment controls along MVP’s right-of-way. In consultation with
the Virginia Department of Environmental Quality, we have halted
the advancement of construction in Virginia until the storm passes
and are focused on stabilization of the right-of-way, and
maintenance and enhancement of erosion controls. With the state of
emergency now in effect across Virginia, we have diverted all
resources in the Commonwealth for environmental maintenance and
hurricane preparedness, including the securing of materials and
equipment for potential wind impacts.
In West Virginia, we are working to ensure that the right-of-way
is stabilized, and erosion controls are maintained and enhanced in
advance of the storm’s potential inland advancement. We will
continue coordinating with the West Virginia Department of
Environmental Protection to monitor the storm and take
additional safety precautions as needed.”
MVP is also proactively enforcing additional storm preparedness
activities in Virginia, which include efforts such as:
- Fuel tanks, pipe, and equipment are
being moved from floodplain areas
- Equipment and other portable items are
being removed from nearby streams and waterbodies; and temporary
construction bridges are being individually evaluated and will be
secured or removed, as necessary
- Pipe will be secured in open
trenches
- Trenches where pipe has been laid will
be backfilled to inhibit ponding
- Installation of enhanced erosion and
sediment controls at road crossings
MVP is committed to the safety of its communities, to the
preservation and protection of the environment, and to the
continued responsible construction of this important natural gas
infrastructure project. MVP continues to evaluate its construction
plans and is targeting a full in-service during the fourth quarter
2019.
About Mountain Valley Pipeline
The Mountain Valley Pipeline (MVP) is a proposed underground,
interstate natural gas pipeline system that spans approximately 303
miles from northwestern West Virginia to southern Virginia. Subject
to approval and regulatory oversight by the Federal Energy
Regulatory Commission, the MVP will be constructed and owned by
Mountain Valley Pipeline, LLC – a joint venture of EQT Midstream
Partners, LP; NextEra US Gas Assets, LLC; Con Edison
Transmission, Inc.; WGL Midstream; and RGC Midstream, LLC. The MVP
was designed to transport clean-burning natural gas from the
prolific Marcellus and Utica shale regions to the growing demand
markets in the Mid-Atlantic and Southeast areas of the United
States. Targeting a full in-service during the fourth quarter 2019,
EQT Midstream Partners (NYSE: EQM), primary interest owner, will
operate the pipeline. From planning and development, to
construction and in-service operation – MVP is dedicated to the
safety of its communities, employees, and contractors; and to the
preservation and protection of the
environment.Visit www.mountainvalleypipeline.info.
Cautionary Statements
Disclosures in this news release contain certain forward-looking
statements that do not relate strictly to historical or current
facts and are forward-looking. Without limiting the generality of
the foregoing, forward-looking statements contained in this news
release specifically include the expectations of plans, strategies,
objectives and growth, and anticipated financial and operational
performance of Mountain Valley Pipeline, LLC, including guidance
regarding the proposed Mountain Valley Pipeline (MVP); MVP’s
efforts related to safety and environmental protection in response
to the expected, unprecedented weather conditions; and the timing
of development and construction for the MVP. The forward-looking
statements included in this news release are subject to risks and
uncertainties that could cause actual results to differ materially
from projected results. Accordingly, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. Mountain Valley Pipeline, LLC has based these
forward-looking statements on current expectations and assumptions
about future events. While Mountain Valley Pipeline, LLC considers
these expectations and assumptions to be reasonable, they are
inherently subject to significant business, economic, competitive,
regulatory, and other risks and uncertainties, most of which are
difficult to predict and are beyond its control. The risks and
uncertainties that may affect the operations, performance, and
results of Mountain Valley Pipeline, LLC and forward-looking
statements include, but are not limited to:
The business, financial condition, results of operations and
prospects could suffer if Mountain Valley Pipeline, LLC does not
proceed with projects under development or is unable to complete
the construction of, or capital improvements to, its facilities on
schedule or within budget.
The ability to complete construction of, and capital
improvements to, facilities on schedule and within budget may be
adversely affected by escalating costs for materials and labor and
regulatory compliance, inability to obtain or renew necessary
licenses, rights-of-way, permits or other approvals on acceptable
terms or on schedule, disputes involving contractors, labor
organizations, land owners, governmental entities, environmental
groups, Native American and aboriginal groups, and other third
parties, negative publicity, transmission interconnection issues,
and other factors. If any development project or construction or
capital improvement project is not completed, is delayed or is
subject to cost overruns, certain associated costs may not be
approved for recovery or recoverable through regulatory mechanisms
that may otherwise be available, and Mountain Valley Pipeline, LLC
could become obligated to make delay or termination payments or
become obligated for other damages under contracts, could
experience the loss of tax credits or tax incentives, or delayed or
diminished returns, and could be required to write-off all or a
portion of its investment in the project. Any of these events could
have a material adverse effect on Mountain Valley Pipeline, LLC’s
business, financial condition, results of operations and prospects.
Mountain Valley Pipeline, LLC may face risks related to project
siting, financing, construction, permitting, governmental approvals
and the negotiation of project development agreements that may
impede its development and operating activities.
Mountain Valley Pipeline, LLC must periodically apply for
licenses and permits from various local, state, federal and other
regulatory authorities and abide by their respective conditions.
Should Mountain Valley Pipeline, LLC be unsuccessful in obtaining
necessary licenses or permits on acceptable terms, should there be
a delay in obtaining or renewing necessary licenses or permits or
should regulatory authorities initiate any associated
investigations or enforcement actions or impose related penalties
or disallowances on Mountain Valley Pipeline, LLC, Mountain Valley
Pipeline, LLC’s business, financial condition, results of
operations and prospects could be materially adversely affected.
Any failure to negotiate successful project development agreements
for new facilities with third parties could have similar
results.
Mountain Valley Pipeline, LLC’s gas infrastructure facilities
and other facilities are subject to many operational risks.
Operational risks could result in, among other things, lost
revenues due to prolonged outages, increased expenses due to
monetary penalties or fines for compliance failures, liability to
third parties for property and personal injury damage, a failure to
perform under applicable sales agreements and associated loss of
revenues from terminated agreements or liability for liquidated
damages under continuing agreements. The consequences of these
risks could have a material adverse effect on Mountain Valley
Pipeline, LLC’s business, financial condition, results of
operations and prospects.
Uncertainties and risks inherent in operating and maintaining
Mountain Valley Pipeline, LLC's facilities include, but are not
limited to, risks associated with facility start-up operations,
such as whether the facilities will achieve projected operating
performance on schedule and otherwise as planned.
Mountain Valley Pipeline, LLC’s business, financial condition,
results of operations and prospects can be materially adversely
affected by weather conditions, including, but not limited to, the
impact of severe weather.
Threats of terrorism and catastrophic events that could result
from terrorism, cyber-attacks, or individuals and/or groups
attempting to disrupt Mountain Valley Pipeline, LLC’s business, or
the businesses of third parties, may materially adversely affect
Mountain Valley Pipeline, LLC’s business, financial condition,
results of operations and prospects.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180911005426/en/
Mountain Valley PipelineNatalie Cox,
412-395-3941Corporate Director, Communicationsncox@eqt.com
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