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Equitrans Midstream (NYSE:ETRN) recover from early losses Monday, now +0.9 %following a Bloomberg report that legislation had previously stalled for fast-track energy projects backed by Senator Joe Manchin. may be attached to a must-pass defense bill.
talk in progress could attach legislation, which could speed up Equitrans’ approval (ETRN) The Mountain Valley natural gas pipeline is reportedly worth $6.6 billion in Manchin’s home state, under the National Defense Authorization Act, although environmental groups are lobbying to remove the language allowed in the bill.
The annual defense policy bill is considered a must-pass because it authorizes pay increases and compensation for troops abroad and is widely supported by Republicans.
Equitrans’ (ETRN) The Mountain Valley Pipeline project has suffered many legal obstacles this year, but “things are going well for [its] dividends,” Daniel Thurecht wrote in a Analysis posted on Seeking Alpha.
