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Search resuls for: "RGC Resources"


4 mentions found


☆ Morning Bid: Buoyant markets hold near year's highs
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: +5 min
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. Fed futures markets think a first cut may come as soon as March - with a quarter-point easing by then already two-thirds priced. Two-year Treasury yields hit their lowest since June on Friday and 10-year yields their lowest in three months, although they edged higher on Monday. U.S. crude hit its lowest in two weeks and is tracking year-on-year losses of almost 10%. But that is widening into yearend as peak rate hopes encourage some rotation to smaller cap stocks.
Persons: Carlo Allegri, Mike Dolan, Jerome Powell, Powell, Goldman Sachs, Jan, Fitch, Bitcoin, Christine Lagarde, Joann, Kirsten Donovan Organizations: New York Stock, REUTERS, Federal Reserve, Spelman College, Fed, Tech, HK, Central Bank, Treasury, PMI Reuters Graphics Reuters, Reuters, Thomson Locations: Manhattan, New York City , New York, U.S, Atlanta, Europe, Gaza, China, Hong Kong, WuXi, Evergrande, RGC Resources
☆ Equitrans US Mountain Valley natgas pipe on track for end 2023 completion
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +2 min
Lengths of pipe wait to be laid in the ground along the under-construction Mountain Valley Pipeline near Elliston, Virginia, U.S. September 29, 2019. REUTERS/Charles Mostoller/File PhotoAug 1 (Reuters) - U.S. energy company Equitrans Midstream (ETRN.N) on Tuesday said it still expects to complete the Mountain Valley natural gas pipeline by the end of the year despite being tangled in numerous court fights since construction began in 2018. Mountain Valley is key to unlocking gas supplies from Appalachia, the nation's biggest shale gas-producing basin in Pennsylvania, Ohio and West Virginia. When Mountain Valley started construction in February 2018, Equitrans estimated the 2.0-billion cubic feet per day project would cost about $3.5 billion and enter service by late 2018. The 303-mile (488-kilometer) Mountain Valley project is owned by units of Equitrans, the lead partner building the pipe with a roughly 48.3% interest, NextEra Energy (NEE.N), Consolidated Edison (ED.N), AltaGas (ALA.TO) and RGC Resources (RGCO.O).
Persons: Charles Mostoller, Thomas Karam, Scott DiSavino, Marguerita Choy Organizations: REUTERS, U.S, Supreme, U.S ., Equitrans, NextEra Energy, Consolidated Edison, RGC Resources, Thomson Locations: Elliston , Virginia, U.S, West Virginia, Virginia, Appalachia, Pennsylvania , Ohio, U.S . Congress
☆ Biden, McCarthy debt deal would speed up Mountain Valley gas pipeline
  + stars: | 2023-05-29 | by ( Trevor Hunnicutt | ) www.reuters.com   time to read: +2 min
[1/2] U.S. President Joe Biden hosts debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah MillisWASHINGTON, May 28 (Reuters) - U.S. energy company Equitrans Midstream Corp's (ETRN.N) long-delayed $6.6 billion Mountain Valley natural gas pipeline could win federal approval as part of Washington's debt limit deal. The pipeline is backed by Democratic West Virginia Senator Joe Manchin, whose vote is often needed since the Democrats hold a thin majority in that body. The pipeline, which would unlock gas supplies from Appalachia, the country's biggest shale gas basin, still needs review and permitting including in West Virginia. Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources Inc (RGCO.O).
☆ Sierra Club says Mountain Valley Pipeline to give up on N. Carolina extension
  + stars: | 2022-10-21 | by ( ) www.reuters.com   time to read: +1 min
Oct 21 (Reuters) - U.S. environmental group the Sierra Club said on Friday that the Mountain Valley Pipeline (MVP) is abandoning legal efforts in North Carolina to secure land necessary for its proposed Southgate extension. Were it completed, the Southgate project would have added 75 miles (121 km) of pipeline from Southern Virginia into central North Carolina, the statement by Sierra Club read, adding that without the land, the extension is unlikely to ever be built. Mountain Valley - owned by units of Equitrans (ETRN.N), NextEra Energy Inc (NEE.N), Consolidated Edison Inc (ED.N), AltaGas Ltd (ALA.TO) and RGC Resources (RGCO.O) - is one of several U.S. pipeline projects delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued during President Donald Trump's administration. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Seher Dareen in Bengaluru; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
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