Mountain Valley Pipeline
What is the Mountain Valley Pipeline?
The Mountain Valley Pipeline (MVP) project is a proposed underground, interstate natural gas pipeline system that spans approximately 303 miles from West Virginia to southern Virginia and will deliver natural gas to several under-served Virginia communities. With a vast supply of natural gas from Marcellus and Utica shale production, the Mountain Valley Pipeline is expected to provide over 586 million kilowatt hours of electricity per day of electricity to homes and businesses in the Mid- and South Atlantic regions of the United States.
As currently planned, the pipeline will be up to 42 inches in diameter and will require approximately 50 feet of permanent easement (with 125 feet of temporary easement during construction). In addition, the project will need three new compressor stations, with identified locations in Wetzel, Braxton, and Fayette counties of West Virginia.
Virginia Governor Terry McAuliffe said it best:
How much will the pipeline cost and who pays for it?
The pipeline project has a total estimated cost of $3-to-$3.5 billion dollars. The cost of the project is entirely paid by the project partners.
Economic Benefits of the Pipeline:
The project is expected to spend over $400 million on Virginia-based labor, goods, and services during construction.
- MVP would create approximately 5,250 jobs over the course of its construction; 2600 jobs directly related to the construction of the pipeline.
- On-going maintenance would create 34 jobs
- MVP would generate nearly $34 million in aggregate tax revenue during construction.
- Following pipeline completion, the pipeline will generate $7.4 million in tax revenue annually.
Additional Economic Benefits
- MVP would create $3.6 million in annual savings due to fuel switching (switching from a different, more expensive fuel source).
MVP is currently working with the Commonwealth of Virginia on an economic and environmental mitigation plan in which the project will contribute millions of dollars to local communities. Once the plan is agreed upon, we can provide specific information about how your community will benefit
Who is building the Mountain Valley Pipeline?
EQT Midstream Partners, LP has a 45.5% significant ownership interest in the joint venture and will operate the proposed Mountain Valley Pipeline; NextEra Energy has a 31% ownership interest; Con Edison Transmission, Inc. has a 12.5% interest; WGL Midstream has a 10% interest; and RGC Midstream, LLC has a 1% interest.
EQT Midstream Partners is a limited partnership formed by EQT Corporation, a company whose role in the natural gas industry in America goes back more than a century. Last year EQT contributed over $4 billion to the U.S. economy and created 44,000 jobs.
NextEra Energy is a leading clean energy power generator that has power plants in 30 states and Canada, and employs nearly 15,000 people.
How long will construction take?
The approval process started with an application to the Federal Energy Regulatory Commission (FERC) in 2014 and has to pass a multitude of community, state and federal review and regulatory reviews. MVP estimates that construction will begin mid-2017 and be in service by the end of 2018.