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Fly News Breaks for March 28, 2018
D, DM
Mar 28, 2018 | 13:21 EDT
Stifel analyst Timothy Howard notes that Dominion Midstream (DM) has said it expects that any impact from FERC-regulated interstate pipelines will be applied prospectively and only after a multi-year rate proceeding process. Sponsor Dominion Energy (D) has remarked that MLP market conditions are having a materially negative impact on potential equity issuance for Dominion Midstream, leaving Dominion to review its options. He believes Dominion ultimately acquiring Dominion Midstream is the most likely resolution, Howard tells investors. The analyst has a Buy rating on Dominion Midstream.
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