Item 8.01 Other Events.
Hammerhead Arbitration Decision
On
The arbitration panel unanimously determined that, under the Hammerhead
gathering agreement, although the in-service date for the Hammerhead gathering
pipeline was delayed beyond
CAUTIONARY STATEMENTS
Disclosures in this Current Report on Form 8-K (Current Report) contain certain
forward-looking statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933,
as amended, concerning ETRN and other matters. These statements may discuss
goals, intentions and expectations as to future plans, trends, events, results
of operations or financial condition, or otherwise, based on current beliefs of
the management of ETRN, as well as assumptions made by, and information
currently available to, such management. Words such as "could," "will," "may,"
"assume," "forecast," "position," "predict," "strategy," "expect," "intend,"
"plan," "estimate," "anticipate," "believe," "project," "budget," "potential,"
"target," "outlook" or "continue," and similar expressions are used to identify
forward-looking statements. These statements are subject to various risks and
uncertainties, many of which are outside ETRN's control. Without limiting the
generality of the foregoing, forward-looking statements contained in this
Current Report specifically include the impact of the arbitration decision
discussed in this Current Report on investors' perceptions of ETRN's commercial
relationship with EQT; any credit rating impacts associated with the arbitration
decision; the effect and outcome of future litigation and other proceedings; and
the ability to achieve, and timing for achieving, the Hammerhead gathering
pipeline in-service. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from
projected results. Accordingly, investors should not place undue reliance on
forward-looking statements as a prediction of actual results. ETRN has based
these forward-looking statements on current expectations and assumptions about
future events. While ETRN considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business, economic,
competitive, regulatory, judicial and other risks and uncertainties, many of
which are difficult to predict and beyond ETRN's control. The risks and
uncertainties that may affect the operations, performance and results of ETRN's
business and forward-looking statements include, but are not limited to, those
set forth under Item 1A, "Risk Factors" in ETRN's Annual Report on Form 10-K for
the year ended
Any forward-looking statement speaks only as of the date on which such statement is made, and ETRN does not intend to correct or update any forward-looking statement, unless required by securities laws, whether as a result of new information, future events or otherwise. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
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