Pipeline And Hazardous Materials Safety Administration And Equitrans Midstream Enters Into Consent Agreement As The Operator Of The Mountain Valley Pipeline Project
Portfolio Pulse from Benzinga Newsdesk
Equitrans Midstream and Mountain Valley Pipeline, LLC have entered into a consent agreement with the Pipeline and Hazardous Materials Safety Administration (PHMSA). The agreement outlines steps to complete construction of the Mountain Valley Pipeline project safely and responsibly. The terms of the agreement are not expected to impact the total project cost or schedule. The agreement includes enhancing MVP's existing coating, remediation, and inspection processes, and accelerating the regulatory timeline for conducting comprehensive cathodic protection surveys.
October 03, 2023 | 8:34 pm
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Equitrans Midstream has entered into a consent agreement with PHMSA for the Mountain Valley Pipeline project. The agreement is not expected to have a material impact on the total project cost or schedule.
The news is directly related to Equitrans Midstream as they are the operator of the Mountain Valley Pipeline project. The agreement with PHMSA is a regulatory measure that outlines steps for safe and responsible construction. However, it is stated that the agreement is not expected to have a material impact on the total project cost or schedule, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100