October 1, 2019
VIA EDGAR AND ELECTRONIC MAIL
Division of Corporation Finance
Office of Consumer Products
United States Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attention: |
Jacqueline Kaufman, Staff Attorney |
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Mara Ransom, Assistant Director |
Re: |
Equitrans Midstream Corporation |
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Form 10-K for the fiscal year ended December 31, 2018 |
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File No. 001-38629 |
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Filed February 14, 2019 |
Dear Mses. Kaufman and Ransom:
On behalf of Equitrans Midstream Corporation, a Pennsylvania corporation (the Company), this letter sets forth the Companys response to the comments of the staff (the Staff) of the United States Securities and Exchange Commission set forth in your letter dated September 23, 2019 (the Comment Letter) regarding the above-referenced Form 10-K (the Form 10-K).
For the convenience of the Staff, the comment from the Comment Letter is restated below in italics prior to the response to such comment.
Annual Report on Form 10-K
General
1. We note that your forum selection provision identifies state and federal courts sitting in the judicial district of the Commonwealth of Pennsylvania as the exclusive forum for certain litigation, including any derivative action. Please disclose whether this provision applies to actions arising under the Securities Act or Exchange Act. In that regard, we note that Section 27 of the Exchange Act creates exclusive federal
jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. If the provision applies to Securities Act claims, please revise your Form 10-K in the future to state that there is uncertainty as to whether a court would enforce such provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. If this provision does not apply to actions arising under the Securities Act or Exchange Act, please revise in the future to state as much.
Response: The Company acknowledges the Staffs comment and respectfully advises the Staff that the choice of forum provision does not apply to any actions arising under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended. The Company further respectfully advises the Staff that it will reference such inapplicability in its future disclosures relating to the choice of forum provision.
We appreciate the Staffs comment and request that the Staff contact Stephen M. Moore, Senior Vice President and General Counsel of the Company, at (412) 553-5783 or smoore@equitransmidstream.com with any questions or comments regarding this letter.
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Sincerely, | |
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EQUITRANS MIDSTREAM CORPORATION | |
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By: |
/s/ Kirk R. Oliver |
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Name: Kirk R. Oliver | |
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Title: Senior Vice President and Chief Financial Officer | |
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cc: Stephen M. Moore (Equitrans Midstream Corporation)
Mollie Duckworth (Baker Botts L.L.P.)
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