This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Equitrans Announces 'Allegheny Valley Connector' Open Season

EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, and its subsidiary Equitrans, LP, today announced the commencement of a non-binding open season to gauge customer interest in securing firm transmission and storage capacity on what will be known as the "Allegheny Valley Connector."

The Allegheny Valley Connector consists of transmission and storage assets that are expected to transfer to EQT Corporation as part of a proposed transaction with Peoples Natural Gas Company LLC (Peoples). This proposed transaction is currently pending regulatory approvals, which are anticipated by year-end 2013. Upon closing of the transaction, the Allegheny Valley Connector is expected to be operated by Equitrans and owned by EQT Corporation, and is not projected to have a positive or negative affect on EQT Midstream Partners' distributable cash flow.

The Allegheny Valley Connector is located in the Marcellus Shale region and its primary function is to store and transport natural gas to numerous Peoples' interconnects, including use by Peoples and other gas suppliers to provide local distribution service to Peoples' customers. Results from the open season will determine any additional capacity and/or specific system modifications that may be required. The final design and scope of such modifications is expected to be at Equitrans' discretion and subject to negotiations with interested shippers.

Parties interested in: a) storage; b) Peoples' interconnects; and/or, c) new downstream interconnects to markets via the Texas Eastern Transmission, LP, and Dominion Transmission, Inc. systems must submit a Service Request Form. The open season request forms, a map of Equitrans' current pipeline assets, and additional information on the Allegheny Valley Connector project are available at www.eqtmidstreampartners.com. Equitrans' open season runs February 27, 2013 through 12:00pm (ET) March 13, 2013.

About EQT Midstream Partners:

EQT Midstream Partners, LP is a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire and develop midstream assets in the Appalachian basin. The Partnership provides midstream services to EQT Corporation and third-party companies through two primary assets: the Equitrans Transmission and Storage System and the Equitrans Gathering System. The Partnership has a 700-mile, FERC-regulated, interstate pipeline system and more than 2,000 miles of FERC-regulated, low-pressure gathering lines.

Stock quotes in this article: EQM, EQT 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,427.52 +2.67 0.02%
S&P 500 1,862.53 +0.22 0.01%
NASDAQ 4,089.3580 +3.1330 0.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs