Roanoke Gas Company Celebrates Historic Milestone: New Interstate Natural Gas Pipeline Mountain Valley Makes Initial Delivery to the Roanoke Valley
14 Junho 2024 - 4:00PM
In the midst of celebrating more than 140 years of serving the
Roanoke Valley, Roanoke Gas Company, a subsidiary of RGC Resources,
Inc. (Nasdaq: RGCO) announced a significant milestone in its long,
proud history. For the first time since 1965, the Roanoke Valley
now has access to a new interstate natural gas pipeline, the
Mountain Valley Pipeline (MVP). Roanoke Gas has two interconnects
with the new pipeline and began receiving delivery of natural gas
from MVP today, June 14, 2024.
Paul Nester, President and CEO of Roanoke Gas
stated, “The new and abundant supply of natural gas that MVP
provides will allow Roanoke Gas to meet the continually increasing
residential, commercial and industrial demand for natural gas in
our service territory and will further propel economic development
in the region. In addition, the energy supply the MVP delivers
enhances the reliability of our system and allows us access to
cheaper natural gas markets, both of which benefit our customers.
Roanoke Gas would like to thank its employees, partners and so many
in the region who worked diligently to make the interconnects a
reality as well as the thousands of workers who became part of our
community during the MVP construction. These critical
infrastructure projects could not have been completed without
them.”
RGC Resources, Inc. provides energy and related
products and services to over 63,000 customers in Virginia through
its operating subsidiaries Roanoke Gas Company and RGC Midstream,
LLC.
The statements in this release that are not
historical facts constitute “forward-looking statements” made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995 that involve risks and uncertainties.
In order to comply with the terms of the safe harbor, the Company
notes that a variety of factors could cause the Company’s actual
results and experience to differ materially from any expectations
expressed in the Company’s forward-looking statements, including
regarding customer growth, infrastructure investment and margins.
These risks and uncertainties include gas prices and supply,
geopolitical considerations and regulatory and legal challenges and
those set forth in the Company’s Form 10-Q for the quarter ended
March 31, 2024. Forward-looking statements reflect the Company’s
current expectations only as of the date they are made. The Company
assumes no duty to update these statements should expectations
change or actual results differ from current expectations except as
required by applicable laws and regulations.
Past performance is not necessarily a predictor
of future results.
Contact: |
Paul W.
Nester |
|
President and CEO |
Telephone: |
540-777-3837 |
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