News

Con Edison Looks to Cash Out MVP Stake as Southeast Natural Gas Demand Climbs

Natural Gas Intelligence · last updated

Consolidated Edison Inc., one of five joint venture partners in Mountain Valley Pipeline LLC (MVP), has agreed to sell its stake and its interest in future expansion projects.

Map of the Mountain Valley Pipeline showing the natural gas route from northern West Virginia through Virginia, with marked pipeline interconnections, compressor stations, and links to Equitrans Midstream and Transcontinental Gas Pipeline systems, as illustrated by the U.S. Energy Information Administration.

At A Glance:

  • Deal includes 6.6% stake for $357.5 million
  • Ares Management buying interest
  • Acquisition expected to close next year

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