Investors in the 303-mile Mountain Valley Pipeline (MVP) continue to write down their investments in the long-delayed project. MVP, which is 95% done and in the ground, travels from Wetzel County, WV, to Pittsylvania County, VA, where it connects with other pipelines to carry Marcellus/Utica molecules to the southeastern U.S. RGC Midstream, which is owned by RGC Resources, is a very small investor in the project. RGC said this week it is taking a further impairment (writing down value) for its investment in MVP.
Investors in the 303-mile Mountain Valley Pipeline (MVP) continue to write down their investments in the long-delayed project. MVP, which is 95% done and in the ground, travels from Wetzel County, WV, to Pittsylvania County, VA, where it connects with other pipelines to carry Marcellus/Utica molecules to the southeastern U.S. RGC Midstream, which is owned by RGC Resources, is a very small investor in the project. RGC said this week it is taking a further impairment (writing down value) for its investment in MVP.