- 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.