EQM Technologies & Energy, Inc. (EQTE)

[eFinanceMarkets]

$EQM The Mountain Valley Pipeline receives approval from the Federal Energy Regulatory Commission to begin work on 13 miles of additional segments of the 2B cf/d natural gas project in West Virginia, saying operator EQT Midstream Partners' (NYSE:EQM) implementation plan met environmental guidelines.

The Mountain Valley project, designed to move more gas from the Appalachian Basin to demand markets, has been inching along amid strong opposition from conservation groups and local property owners.

In Virginia, the project remains locked in litigation in federal court in Roanoke with ~300 property owners over eminent domain.

The 303-mile pipeline is a joint venture by EQM, NextEra Energy (NYSE:NEE), Con Edison (NYSE:ED), WGL Midstream (NYSE:WGL) and RGC Midstream (NASDAQ:RGCO).