Equitrans Upbeat on MVP Completion, Boosts 2023 Capex

February 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Equitrans Midstream (NYSE:ETRN) (Pittsburgh, Pennsylvania) expects to invest more in capital projects for 2023, fueled heavily by its optimism that its Mountain Valley Pipeline (MVP) finally will be brought online, following years of environmental and legal hurdles. The company made strides on several other major projects as well, including an expansion of its Ohio Valley Connector pipeline.

Industrial Info is tracking more than $2.5 billion worth of active projects from Equitrans, about two-thirds of which is attributed to projects under construction. Equitrans has faced years of delays in developing the 303-mile MVP pipeline, which is designed to carry up to 2 billion cubic feet per day of natural gas from northern West Virginia to southern Virginia. Major segments set to wrap up this year, according to Equitrans, include both the Virginia and West Virginia components.

Other companies featured: NextEra Energy Incorporated (NYSE:NEE), Consolidated Edison Incorporated (NYSE:ED), AltaGas Limited (TSX:ALA) and RGC Resources Incorporated (NASDAQ:RGCO).