Tennessee Valley Authority, Equitrans Midstream, Pioneer Natural Resources: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

POWER
TVA to Shut Remaining Coal Plants by 2035 - A Tennessee Valley Authority (TVA) official confirmed on Monday that it plans to shut by 2035 the company's remaining four coal plants: the Shawnee plant, in Kentucky, and the Cumberland, Gallatin, and Kingston plants in Tennessee. (Plants: 1012980, 1012869, 1012650, 1016575) (Reuters)

PIPELINES
Mountain Valley Natural Gas Pipeline Startup Pushed Out, Cost Raised - Pipeline company Equitrans Midstream Corporation (NYSE:ETRN) said on Tuesday the venture building the Mountain Valley natural gas pipeline from West Virginia to Virginia has delayed its startup to the summer of 2022 and boosted its estimated cost to $6.2 billion. Earlier, the Mountain Valley Pipeline venture expected the project to enter service by the end of 2021 at an estimated cost of $5.8 billion-$6.0 billion. (Projects 300393622, 300183147) (Reuters)

EARNINGS REPORTS
ConocoPhillips Swings into First-Quarter Profit - ConocoPhillips (NYSE:COP) said its adjusted profit was $902 million for the three months ended March 31, compared with a loss of $201 million in the prior quarter. (Reuters)

Pioneer Natural Resources Reports First-Quarter Income, Operating Results - Pioneer Natural Resources Company (NYSE:PXD) reported a first-quarter 2021 net loss of $70 million, compared with net income of $291 million in first-quarter 2020. For the first quarter, the company reported total oil production of 281,000 barrels per day and total production 474,000 barrels of oil equivalent per day. (BusinessWire)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.