North Carolina-based NET Power Inc., fueled by a powerhouse group of natural gas and oil investors, began trading publicly on Friday, with “ample capital” to build a backlog of utility-scale power plant projects as soon as 2026. Rice Acquisition Corp. II and NET Power LLC completed their merger last Thursday (June 8), which launched the…
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Equitrans Now Delaying MVP Startup to 2022; NC Regulators Reiterate Southgate Denial
The Mountain Valley Pipeline’s (MVP) planned in-service date has slipped to 2022, and the total cost for the prolonged construction of the project has swelled to around $6.2 billion, management for sponsor Equitrans Midstream Corp. (ETRN) said Tuesday. Discussing the midstreamer’s 1Q2021 financial results in a conference call with analysts, COO Diana Charletta said the…
MVP Southgate Developers Still Targeting 2021 Service After North Carolina Denies Key Permit
Striking another blow against Mountain Valley Pipeline LLC (MVP), a project beset by legal and regulatory challenges the last few years, the North Carolina Department of Environmental Quality (DEQ) has denied a water quality permit for MVP’s Southgate extension. The DEQ on Tuesday denied MVP’s request for state certification under Clean Water Act Section 401,…
North Carolina Cooks Up RNG Recipe from Food, Energy Sectors, While California Expands Options
Using the byproducts of Smithfield Foods Inc., the world’s largest pork processing plant, Duke Energy and biofuel specialist OptimaBio LLC have cooked up a recipe for renewable natural gas (RNG) that recently began production.
ACP Cleared to Start Work in North Carolina
FERC has authorized construction to begin on the Atlantic Coast Pipeline (ACP) in North Carolina.
ACP Clears Regulatory Hurdle in West Virginia, But Others Remain
The Atlantic Coast Pipeline (ACP) cleared a key regulatory hurdle this week, when the West Virginia Department of Environmental Protection (WVDEP) waived the state’s water quality certification (WQC) requirement for the project.
North Carolina to Site 475 MW Gas-Fired Kings Mountain Energy Center
NTE Energy LLC affiliate NTE Carolinas has secured roughly $600 million in financing to build its proposed Kings Mountain Energy Center, a 475 MW natural gas-fired combined cycle power plant in Cleveland County, NC.