Major energy companies end $1B pipeline project
North Carolina-based Duke Energy Corp. (NYSE: DUK) confirmed that the four partners in the Constitution Pipeline have agreed to abandon the 124-mile project designed to carry natural gas from shale fields in Pennsylvania to New York and New England.
One of the partners, Cabot Oil & Gas Corp. (NYSE: COG), is based in Houston.
The nearly $1 billion project had faced a number of legal and regulatory challenges. But it appeared to be on track for completion in 2021 after the Federal Energy Regulatory…
