Court halts Mountain Valley Pipeline; RGC Resources' 1% stake affected

RGC RESOURCES INC

U.S. Court of Appeals for the Fourth Circuit halted construction in Jefferson National Forest on July 10, 2023.
On July 11, 2023, the Court granted a stay halting construction for the entire MVP project.
RGC Midstream (wholly owned by RGC Resources) holds approximately 1% equity in Mountain Valley Pipeline LLC.
Operator evaluating legal options including an emergency appeal to the U.S. Supreme Court.

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