BISMARCK, N.D. (AP) — A subsidiary of North Dakota’s only Fortune 500 company says it won’t pursue plans to build a natural gas pipeline from western North Dakota’s oil patch to the eastern part of the state. WBI Energy is a unit of Bismarck-based MDU Resources Group. The company says the project is not viable due to regulatory uncertainty, limited in-state demand and rising construction, labor and land-acquisition costs. The North Dakota Legislature in November set aside $150 million in federal coronavirus aid to help construct a trans-state pipeline, hoping to spur industrial development. The head of the North Dakota Pipeline Authority says only Viking Gas Transmission applied for the grants.
Comments are closed
Sorry, but you cannot leave a comment for this post.