Supreme Court Upholds Key Permit for Atlantic Coast Pipeline (2)

The U.S. Supreme Court upheld a crucial permit for Dominion Energy Inc.’s planned $8 billion Atlantic Coast Pipeline, saying the Forest Service acted lawfully by clearing the natural-gas line to cross under the Appalachian Trail.

The 7-2 ruling eliminates the biggest obstacle to the 600-mile (965-kilometer) pipeline, which would carry as much as 1.5 billion cubic feet of gas per day from the Marcellus shale basin in West Virginia to customers in North Carolina and Virginia.

Dominion pared earlier losses and was trading up .26% at $83.42 at 11:40 a.m. in New York. EQM Midstream Partners LP, which ...