Construction is halted along the entire length of the Atlantic Coast Pipeline after an order from the Federal Energy Regulatory Commission, citing last week's decision by a 4th U.S. Circuit Court of Appeals panel to vacate two key federal permits issued for the $5.5B, 600-mile natural gas pipeline.
The court's decision included a National Park Service right of way permit for the pipeline to cross the Blue Ridge Parkway and a U.S. Fish and Wildlife Service permit for the “incidental taking” of five threatened or endangered species in its path.
The FERC sent a letter late Friday to Dominion Energy (NYSE:D), the company leading construction of the pipeline, saying work must stop until the permit issues can be resolved; Duke Energy (NYSE:DUK) and Southern Co. (NYSE:SO) also are partners in the project.
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