HomeMagazine2022May 2022, Vol. 249, No. 5$21 Million Investment Secured to Complete Mountain Valley Pipeline

May 2022, Vol. 249, No. 5

Projects

$21 Million Investment Secured to Complete Mountain Valley Pipeline

$21 Million Investment Secured to Complete Mountain Valley Pipeline  RGC Resources, parent company to Roanoke Gas Co. and RGC Midstream, closed a $21 million common stock investment by affiliates of The InterTech Group Inc., the company said. Resources also closed an additional $2 million common stock investment by long-time shareholder Ted Gibson.  “InterTech’s investment in Resources positions us well as we continue Roanoke Gas’ system modernization and growth strategy,” Paul Nester, Resources president and CEO, said. “The investment will also greatly aid RGC Midstream in honoring its commitment, along with the other joint venture partners, to co

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