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What are Next Steps for Mountain Valley Pipe? Will it Get Done?
So what happens now that Joe Manchin’s plan to get his fellow Democrats to vote for a bill to finish up the Mountain Valley Pipeline (MVP), a “permitting reform” bill, is dead (see “Save MVP” Permitting Bill is Dead – Manchin Pulls it From CR)? Manchin and his buddy Chuck Schumer have said they will try to resurrect Manchin’s bill, called the Energy Independence and Security Act of 2022, for a vote by the end of this year. Good luck with that. We give it a 0% chance. Back here in the real world Equitrans Midstream, the company building the 94% complete MVP, has to deal with the hand they’ve been dealt. What does their plan to complete MVP look like?
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The Millennium Pipeline, which stretches 263 miles from Corning, NY, to just outside New York City, delivers Pennsylvania Marcellus and Utica gas to utility and power plant markets across New York State and into New England. Several companies jointly own the pipeline, which operates under its own corporate structure. Among those with an ownership interest are TC Energy (formerly TransCanada), utility giant National Grid, and pipeline company DT Midstream. Last week DT Midstream announced it would double its ownership stake in the Millennium from 26.25% to 52.50%. DT will pay $552 million to become the majority owner of the Millennium Pipeline.
On Monday, MDN told you that the University of Pittsburgh (Pitt) Graduate School of Public Health and the Pennsylvania Department of Health (DOH) had “suddenly” pulled out of an event scheduled for yesterday to update the public on Pitt’s research on the potential health effects of hydraulic fracturing in Pennsylvania (see 
Eureka Resources, which operates three frack wastewater treatment facilities in the Marcellus Shale, is doing really cool stuff. In October 2019, the company began extracting lithium from Marcellus wastewater at one of its plants in Bradford County, PA (see 
BlackRock, which encourages investors to divest from companies that refuse to tow the ESG line (i.e. fossil energy companies), is feeling the heat. That is, BlackRock is beginning to lose money. Big money. First, West Virginia announced that all state-run pension plans would divest the divestors of BlackRock (see 
MARCELLUS/UTICA REGION: Yaw talks energy independence during visit to Bradford County; NATIONAL: Enbridge names new President and CEO; INTERNATIONAL: OPEC+ tries to keep oil above $90 with large cut; White House freaks over OPEC plan to cut 2M barrels per day; European gas moves from bad to ugly; The green energy scandal exposed in Britain.