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a major nat. gas pipeline expansion in PA of 39 mile and several hundred million dollar investment that was held up this summer by EPA concernManagement clearly stated they had "received the FERC certificate yesterday" for MARC 1 and "expect to be in service next summer"That would be a highly positive outcome and in view of the present depressed PPS certainly an attractive investment.
also stated in Q&A that much of the growth capital expediture for 2012 of $235-$255 Million would be allocated to construction of MARC-1 pipelinenoted progress on initial filings of the Pocono pipeline expansion
That will also mean borrowing that much money, so look for an SPO of 8-10 million shares.
Someone clear me up on this about MARC 1. I thought problem all along wasn't FERC but the EPA. Can they proceed with an EPA blessing or is it necessary? As the questions suggest....I am confused.