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Note 15 - Subsequent Events
 3 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

15.

Subsequent Events

 

On January 25, 2022, the Fourth Circuit vacated certain permits issued by the Bureau of Land Management and the U.S. Forest Service to the LLC in respect of the Jefferson National Forest.  On February 3, 2022, the Fourth Circuit vacated the Biological Opinion and Incidental Take Statement issued by the U.S. Fish and Wildlife Service for the MVP project. The full impact of these decisions is not yet known and the LLC is continuing to evaluate these developments, including effects to the project timing and costs.  Further, management will continue monitoring the status of the project for circumstances that may lead to future impairment of the Company’s investment in the LLC, including but not limited to significant construction delays or further denials of necessary permits and approvals. The amount and timing of any such impairment would depend on the specific circumstances.

 

The Company has evaluated subsequent events through the date the financial statements were issued.  There were no items not otherwise disclosed which would have materially impacted the Company’s condensed financial statements.