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WGL to join EQT, NextEra Energy in Mountain Valley Pipeline project

Mar. 11, 2015 11:19 AM ETWGL Holdings, Inc. (WGL) StockBy: Carl Surran, SA News Editor1 Comment
  • WGL Holdings (NYSE:WGL +0.6%) says it has acquired a 7% stake in the proposed Mountain Valley Pipeline that is being built by EQT Corp. (EQT), NextEra Energy (NEE) and other partners; financial terms are not disclosed.
  • The $3B-$3.5B pipeline is expected to connect EQT's Equitrans system with the southeastern U.S. through West Virginia and Virginia.
  • NEE will hold a 35% interest in the venture, and EQT Midstream Partners (EQM) is expected to assume EQT's 55% majority interest and to operate the pipeline.

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