EQT Unit's Proposed Pipeline Buy Too Risky, PUC Judge Says

Law360, Philadelphia (February 11, 2013, 5:24 PM EST) -- In a decision released by the Pennsylvania Public Utility Commission Friday, an administrative law judge recommended that an EQT Corp. subsidiary’s bid to acquire nearly 400 miles of natural gas pipeline be denied due to the potential cost associated with addressing unknown sources of lost gas.

Judge Mary Long said that natural gas distributor Equitable Gas Co. — which is planning to assume ownership of two Pennsylvania gathering system pipelines serving about 1,600 customers from a pair of fellow EQT affiliates — had not proven that...
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