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.”
Read More “NextEra Energy Writes Down $1.2B for Mountain Valley Pipeline”
In December, the Maryland Board of Public Works (BPW), which has three members (two leftwing Democrats and RINO Gov. Larry Hogan), surprisingly approved a 10-inch, 6.83-mile pipeline for the Maryland portion of a 19+ mile project called the Del-Mar Energy Pathway Project, crossing both Delaware and Maryland (see 
U.S. pipeline companies are under no illusion of just how bad the next four years will be for their business, at least for building new pipelines. We told you last week that Williams CEO Alan Armstrong predicted there will be no new greenfield pipelines built during the Biden administration (see 
Equitrans Midstream’s Mountain Valley Pipeline (MVP), which stretches 303 miles from Wetzel County, WV to Pittsylvania County, VA, is backed into a corner by anti-fossil fuelers. The project is 92% complete and in the ground, yet somehow antis have successfully blocked an Army Corps of Engineers Nationwide Permit 12 (NWP12) that allows the project to cross creeks and rivers and mud puddles. Antis have convinced three leftist judges on the 4th Circuit Court of Appeals to overturn the NWP12 permit–twice. But, MVP has just outmaneuvered the antis.
Now that Mountain Valley Pipeline (MVP) has outsmarted radicalized environmental groups like the odious Sierra Club by changing the type of permit they will use to finish the 92% complete project (see today’s lead story), antis are hoping to continue blocking the project by convincing the Democrat judges on the D.C. Circuit Court of Appeals to overturn a FERC order from last December that allows MVP to resume certain portions of construction (see 
Members of the Interstate Natural Gas Association of America (INGAA) announced yesterday a set of climate change commitments that outline in detail its mission to help address climate change, including working together as an industry towards reaching net-zero greenhouse gas (GHG) emissions from natural gas transmission and storage by 2050. INGAA members pledging to hit that target include the biggest pipeline companies in the M-U, including Williams, Kinder Morgan, and Enbridge.
Here in the Marcellus/Utica region (PA, OH, WV) we have a lot of natural gas production. We are the #1 gas-producing region in the United States. According to the U.S. Energy Information Administration, the M-U will produce 34 billion cubic feet per day (Bcf/d) of natgas this month (see 
Finally! The Weymouth compressor station, the final piece of the $452 million Atlantic Bridge expansion project that has been years in the making, is either now online and flowing gas, or will be within a day or two at most. However, given a vote last week by the Federal Energy Regulatory Commission (FERC) questioning whether or not enough consideration was given to protesting antis, a cloud remains as to how long (in a Biden-controlled FERC) the compressor will remain online.
In December, the Maryland Board of Public Works (BPW), which has three members (two leftwing Democrats and RINO Gov. Larry Hogan), surprisingly approved a 10-inch, 6.83-mile pipeline for the Maryland portion of a 19+ mile project called the Del-Mar Energy Pathway Project, crossing both Delaware and Maryland (see 
With Richard “Dick” Glick as the new Chairman of the Federal Energy Regulatory Commission (FERC), life just got harder for the PennEast Pipeline project. Not impossible, but certainly harder. On Tuesday FERC gave PennEast a little bit of love when it turned down a request by a Pennsylvania landowner that PennEast not be allowed to use eminent domain to cross the landowner’s property. But also on Tuesday FERC removed from its agenda a final decision on whether or not to approve PennEast’s request to split the project into two phases.
Et tu, Brute? Federal Energy Regulatory Commission (FERC) Commissioner Neil Chatterjee, a Republican who used to work for Senate Majority Leader Mitch McConnell, is showing his true swamp-dwelling colors. On Tuesday Chatterjee voted against several critical natural gas projects (ones he voted in favor of previously), including a vote against allowing the Weymouth, MA compressor station, fully built, tested and ready to start, to begin operations.