MVP admits to more delays, cost overruns

Equitrans Midstream Corporation (ETRN), the largest owner (48%) and operator of the still uncompleted Mountain Valley Pipeline (MVP), announced on May 3 that the pipeline is not expected to be in operation until the “second half of 2023 at a total project cost of approximately $6.6 billion.”  The delay is the result of several federal permits being invalidated by court decisions resulting from legal challenges by conservation groups.