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New Castle News in New Castle, Pennsylvania

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Newspaper

New Castle News

Location

New Castle, Pennsylvania, United States of America

Date

Jun 13, 2024

Page

10

Mountain Valley Pipeline can proceed after FERC approval

Regulators cleared the 303 mile Mountain Valley Pipeline to begin service six years after construction began, a $7.85 billion project moving gas from Marcellus and Utica fields to the South and mid-Atlantic. Despite environmental and landowner objections, FERC endorsed in service authorization as Equitrans Midstream prepared to start commercial operations amid prior delays and a May pipeline incident.

Charleston W.va Federal Energy Regulatory Commission Mountain Valley West Virginia Virginia Natalie Cox Equitrans Midstream Corp South mid-Atlantic Marcellus and Utica Pennsylvania Ohio Congress FERC Jonathan Sokolow Pipeline and Hazardous Materials Safety Administration U.S. Department of Transportation Terry Turpin Office of Energy Projects Equitrans Fileap U.S. 221 Roanoke County

Federal Reserve signals limited rate cuts this year

Fed officials said inflation has cooled toward 2 percent but remains elevated, shifting forecast to just one rate cut in 2024. They kept the policy rate near 5.3 percent as Powell emphasized data dependency. Inflation eased in May while core prices rose 0.2 percent from April, 3.4 percent year over year.

Washington Federal Reserve Fed Jerome Powell Powell

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