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Constitution pipeline consortium seeks rehearing of New York permit denial

Published 02/12/2018, 05:51 PM
© Reuters.  Constitution pipeline consortium seeks rehearing of New York permit denial
  • 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).
  • Now read: Duke Energy: A Technical Buy At Current Levels


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