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New York State Executive Branch Agency Denies Permits for National Fuel’s Northern Access Pipeline Project

NATIONAL FUEL GAS (NFG)  More Company Research Source: Business Wire
Last national fuel gas earnings: 5/3 05:00 pm Check Earnings Report
PDF WILLIAMSVILLE, N.Y.--(BUSINESS WIRE)-- National Fuel Gas Supply Corporation ("Supply") and Empire Pipeline, Inc. ("Empire"), both wholly-owned subsidiaries of Western New York-headquartered National Fuel Gas Company ("National Fuel") (NYSE:NFG), received information at 11:22 p.m. on Friday, April 7, 2017, that the New York State Department of Environmental Conservation (“NYS DEC”) issued a denial of the Clean Water Act Section 401 Water Quality Certification and other state stream and wetland permits for the Northern Access Project (“Northern Access” or “Project”). “While we are still analyzing the NYS DEC’s rationale, the denial is purportedly based upon NYS DEC’s determination that Supply and Empire’s construction activities will impermissibly affect the quality of waters in the state, notwithstanding voluminous detailed studies prepared and submitted by the companies and our consultants that show any such [Read more]

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