NextDecade Comments On Court Actions; Says "Disappointed In The Court's Decision And Disagrees With Its Conclusions. The Company Is Reviewing The Court's Decision And Assessing All Of Its Options"
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NextDecade Corporation (NASDAQ:NEXT) expressed disappointment over the U.S. Court of Appeals for the D.C. Circuit's decision to vacate the Federal Energy Regulatory Commission's (FERC) remand authorization of its Rio Grande LNG Facility. The court ruled that FERC should have issued a supplemental Environmental Impact Statement (EIS). NextDecade is reviewing the decision and assessing its options, while construction on the first three liquefaction trains continues. The company is also evaluating the impact on the timing of a final investment decision for Train 4.
August 06, 2024 | 9:23 pm
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NextDecade Corporation (NASDAQ:NEXT) faces a legal setback as the U.S. Court of Appeals vacates FERC's remand authorization for its Rio Grande LNG Facility, citing the need for a supplemental Environmental Impact Statement. The company is reviewing its options and assessing the impact on the timing of a final investment decision for Train 4.
The court's decision introduces legal and regulatory uncertainties for NextDecade's Rio Grande LNG Facility, potentially delaying the final investment decision for Train 4. This could negatively impact investor sentiment and the stock price in the short term.
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