Constitution Pipeline fell”victim to time”last week when Williams announced it was canceling the $1 billion project after a six-year struggle with state politicians,regulators and a tenacious environmental opposition.And the midstream giant’s surprise move signals trouble for others hoping to build capacity to Northeast markets.”The underlying risk-adjusted return for this greenfield pipeline project has diminished in such a way that further development is no longer supported,”Williams said in explaining its decision.
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