NextEra Energy Writes Down $1.2B for Mountain Valley Pipeline

The world’s largest producer of wind and solar energy, NextEra Energy, also happens to be a major investor in the 303-mile Mountain Valley Pipeline (MVP) project. On Tuesday NextEra announced it recorded a loss in fourth-quarter 2020, mainly because of a $1.2 billion write down on its investment in MVP. But have no fear, “write down” does not mean “write off.”

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment