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Mountain Valley pipeline under federal criminal investigation

  • The Mountain Valley Pipeline is under investigation for possible criminal violations of the federal Clean Water Act, Equitrans Midstream (ETRN +1.9%) says in an SEC filing.
  • ETRN says it received a grand jury subpoena in the case last week, according to the filing released after it announced quarterly earnings.
  • The other partners in the $4.6B Mountain Valley project include units of NextEra Energy (NYSE:NEE), Consolidated Edison (NYSE:ED), AltaGas (OTCPK:ATGFF) and RGC Midstream.

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