MasTec sees no material impact from recent FERC ruling on MVP project
MasTec announced that the Federal Energy Regulatory Commission issued a temporary stop work order for the Mountain Valley Pipeline project late on Friday afternoon, August 3, 2018, related to the adequacy of permits previously issued by the Bureau of Land Management and the U.S. Forest Service. In the ruling, the FERC has ordered that construction activities on the MVP temporarily stop while the permit issues are resolved. During this time, however, a significant amount of the construction work force will need to remain in place to protect the environment, right-of-ways, related work areas, and equipment. Importantly, as part of the ruling the FERC stated, "There is no reason to believe that the Forest Service or the Army Corps of Engineers, as the land managing agencies, or the BLM, as the federal rights-of-way grantor, will not be able to comply with the Court's instructions and to ultimately issue new right-of-way grants that satisfy the Court's requirements."