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New York rejects critical permit for Constitution Pipeline

Apr. 22, 2016 6:57 PM ETCoterra Energy Inc. (CTRA) StockPNY, CTRA, WPZBy: Carl Surran, SA News Editor48 Comments
  • New York environmental regulators reject a critical permit needed to build the Constitution Pipeline, saying the project fails to meet standards that protect streams, wetlands and other water resources in its path.
  • The FERC approved the natural gas pipeline in 2014 contingent on the state permit, which is required by the federal Clean Water Act; the project had all necessary permits for a segment in Pennsylvania and already cleared trees there in preparation for construction.
  • Constitution Pipeline Company, a partnership formed by Cabot Oil & Gas (NYSE:COG), Williams Partners (NYSE:WPZ) and Piedmont Natural Gas (NYSE:PNY), can appeal the state decision.
  • Now read Kinder Morgan pipeline shelved but Constitution Pipeline still set to go

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