Williams Cos. Inc. (WMB)

[eFinanceMarkets]

$WMB Williams Cos. (WMB, WPZ) and the consortium behind the proposed Constitution natural gas pipeline asks the Federal Energy Regulatory Commission for a rehearing of its order related to a water quality permit that had been denied for the project, saying New York state regulators failed to act within "a reasonable period of time" on its application.

New York rejected Constitution’s application in 2016, saying the company failed to provide sufficient information to determine whether the project would comply with the state’s water quality standards; a federal appeals court upheld the state decision last year, and the FERC last month rejected the request to overturn New York’s denial.

Constitution is owned by subsidiaries of Williams, Cabot Oil & Gas (NYSE:COG), Duke Energy (NYSE:DUK) and WGL Holdings (NYSE:WGL).