RGC Resources updates MVP project timeline: completion Q1 2024, cost $7.2B

RGC RESOURCES INC

Mountain Valley Pipeline completion now targeted for Q1 2024; estimated total cost $7.2B (excluding AFUDC).
RGC's wholly owned subsidiary holds less than 1% equity in MVP LLC; no further capital contributions required.
Company expects to receive its share of LLC's excess cash flow promptly after completion and FERC authorization.
Previous targeted completion and cost guidance revised; delay and cost increase noted.

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