EQT & Gas Utility Company Deal Gets Federal "Approval"
On March 1, MDN told you about the complex deal agreed to between EQT and People’s Natural Gas. EQT wants to swap its gas utility division, called Equiptable Gas Company, to People’s in return for cash and a midstream company owned by Peoples called Allegheny Valley Connector (see Pittsburgh Driller & Gas Utility Co Want to Swap Assets). Good news today from EQT. They report the Federal Trade Commission has “not objected” to (meaning it approves of) the transfer–a big hurdle to completing the deal. However, there’s still a number of other approvals from state agencies that need to be obtained before the deal can be finalized.
The announcement today from EQT about the FTC “approval”:
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It’s not worth a lot more in the way of “ink”—but it is worth a final post to show how the anti-fracking side simply lies when it suits them. On Sunday, FrackNation creator/director Phelim McAleer and about 20 farmers from Pennsylvania and upstate New York shouted questions to Josh Fox and the freakish Yoko Ono as they entered the debut of Gasland Part Deux at the Tribeca film festival in New York City. The questioners were barred from entering, even though they had paid for and secured tickets (see
A truck with Marcellus Shale drill cuttings entering a landfill in Westmoreland County, PA triggered a radiation alarm last Friday. The truck was quarantined and after finding that yes indeed, the cuttings were a tad too radioactive for disposal at the landfill, the truck was sent back to the drilling site in Greene County.