Con Edison Capping Investment in Mountain Valley Pipe at $530M

Consolidated Edison, the huge gas and electric utility that services much of New York City and its suburbs, recently said the company will cap its investment in the Mountain Valley Pipeline (MVP) project. There is an amount beyond which they will not go. Con Ed is one of five investor/owners of MVP. The primary owner and builder of MVP is Equitrans (EQM Midstream Partners), the former EQT Midstream.

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