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Researched by Industrial Info Resources (Sugar Land, Texas)--The planned Atlantic Coast and Mountain Valley natural gas pipelines each cleared a major regulatory hurdle last week when the Federal Energy Regulatory Commission (FERC) gave its blessings to both projects, contingent on a host of environmental conditions. Both pipelines would run through West Virginia and other Mid-Atlantic states.
Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) planned Atlantic Coast natural gas pipeline would run 600 miles from West Virginia to North Carolina, carrying up to 1.5 billion cubic feet per day (Bcf/d) of natural gas. Dominion has partnered with Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), Piedmont Natural Gas Company (NYSE:PNY) (Charlotte, North Carolina) and Southern Company (NYSE:SO) (Atlanta, Georgia) to develop the project, which has an estimated price tag of more than $5 billion. Industrial Info is tracking seven active projects that are tied to the pipeline, including three compressor stations. For more information, see Industrial Info's project reports on the West Virginia, Virginia and North Carolina sections of the pipeline.
Both the Atlantic Coast and Mountain Valley projects have run into substantial opposition from environmental groups and local landowners. FERC's approval of the Atlantic Coast Pipeline is contingent on meeting 73 environmental conditions. In July, FERC issued a favorable environmental impact statement for the project. For related information, see July 25, 2017, article - FERC Gives Environmental OK for Dominion's Atlantic Coast Pipeline.
EQT Corporation's (NYSE: EQT) (Pittsburgh, Pennsylvania) Mountain Valley natural gas pipeline system would span 303 miles from northwestern West Virginia to southern Virginia, and has an estimated price tag of between $3 billion and $3.5 billion. Industrial Info is tracking four active projects that are linked to the pipeline, which would transport up to 2 billion cubic feet per day of natural gas sourced in the Marcellus and Utica shales to the existing Transcontinental Gas Pipeline system. The project is a joint venture of units of EQT and NextEra Energy Resources Incorporated (NYSE:NEE) (Juno Beach, Florida) and three other companies. For more information, see Industrial Info's project report.
Even with the FERC approval, the Mountain Valley Pipeline is not out of the regulatory woods yet. In September, the West Virginia Department of Environmental Protection withdrew its water quality certification for the project in order to reevaluate it. In June, five environmental groups filed a challenge to West Virginia's water quality certification in the U.S. Fourth Circuit Court of Appeals, saying the pipeline would cross streams more than 600 times in West Virginia and poses an environmental threat. For related information, see September 13, 2017, article - West Virginia Withdraws Mountain Valley Natural Gas Pipeline Certification.
FERC members Neil Chatterjee and Robert Powelson, both appointees of President Donald Trump, approved the projects, while Cheryl LaFleur, an Obama administration appointee, dissented. LaFleur wrote that she was "not persuaded that both of these projects as proposed are in the public interest," adding, "I am particularly troubled by the approval of these projects because I believe that the records demonstrate that there may be alternative approaches that could provide significant environmental advantages over their construction as proposed."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Dominion Energy Incorporated's (NYSE:D) (Richmond, Virginia) planned Atlantic Coast natural gas pipeline would run 600 miles from West Virginia to North Carolina, carrying up to 1.5 billion cubic feet per day (Bcf/d) of natural gas. Dominion has partnered with Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina), Piedmont Natural Gas Company (NYSE:PNY) (Charlotte, North Carolina) and Southern Company (NYSE:SO) (Atlanta, Georgia) to develop the project, which has an estimated price tag of more than $5 billion. Industrial Info is tracking seven active projects that are tied to the pipeline, including three compressor stations. For more information, see Industrial Info's project reports on the West Virginia, Virginia and North Carolina sections of the pipeline.
Both the Atlantic Coast and Mountain Valley projects have run into substantial opposition from environmental groups and local landowners. FERC's approval of the Atlantic Coast Pipeline is contingent on meeting 73 environmental conditions. In July, FERC issued a favorable environmental impact statement for the project. For related information, see July 25, 2017, article - FERC Gives Environmental OK for Dominion's Atlantic Coast Pipeline.
EQT Corporation's (NYSE: EQT) (Pittsburgh, Pennsylvania) Mountain Valley natural gas pipeline system would span 303 miles from northwestern West Virginia to southern Virginia, and has an estimated price tag of between $3 billion and $3.5 billion. Industrial Info is tracking four active projects that are linked to the pipeline, which would transport up to 2 billion cubic feet per day of natural gas sourced in the Marcellus and Utica shales to the existing Transcontinental Gas Pipeline system. The project is a joint venture of units of EQT and NextEra Energy Resources Incorporated (NYSE:NEE) (Juno Beach, Florida) and three other companies. For more information, see Industrial Info's project report.
Even with the FERC approval, the Mountain Valley Pipeline is not out of the regulatory woods yet. In September, the West Virginia Department of Environmental Protection withdrew its water quality certification for the project in order to reevaluate it. In June, five environmental groups filed a challenge to West Virginia's water quality certification in the U.S. Fourth Circuit Court of Appeals, saying the pipeline would cross streams more than 600 times in West Virginia and poses an environmental threat. For related information, see September 13, 2017, article - West Virginia Withdraws Mountain Valley Natural Gas Pipeline Certification.
FERC members Neil Chatterjee and Robert Powelson, both appointees of President Donald Trump, approved the projects, while Cheryl LaFleur, an Obama administration appointee, dissented. LaFleur wrote that she was "not persuaded that both of these projects as proposed are in the public interest," adding, "I am particularly troubled by the approval of these projects because I believe that the records demonstrate that there may be alternative approaches that could provide significant environmental advantages over their construction as proposed."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
