Dominion formally announces pipeline partnership

Nelson County residents protest Dominion's planned natural gas pipeline outside an August community meeting in Lovingston. Photo: Graelyn Brashear Nelson County residents protest Dominion’s planned natural gas pipeline outside an August community meeting in Lovingston. Photo: Graelyn Brashear

Dominion Resources has formally announced it will pursue its planned natural gas pipeline through Virginia as part of a multi-billion-dollar partnership with North Carolina electricity giant Duke Energy and two other energy companies.

The proposed 550-mile pipeline, previously called the Southeast Reliability Project, is now dubbed the Atlantic Coast Pipeline. Until the formal partnership announcement on Tuesday, September 2, Dominion had called all plans for the $4.5-$5 billion pipeline preliminary, despite its fast-moving efforts to begin surveying land along a possible right of way—including properties in nearby Nelson County, where residents have vowed to fight the pipeline and Dominion’s possible use of eminent domain to seize land for it.

Dominion will build and operate the pipeline on behalf of a partner LLC with multiple stakeholders. Dominion itself will have a 45 percent ownership stake, and Charlotte-based Duke Energy will have a 40 percent stake. Piedmont Natural Gas, also headquartered in Charlotte, will own 10 percent of the LLC, and Atlanta-based AGL Resources will own the remaining 5 percent.

The partnership plans to stick to the rapid timeline for the project previously outlined by Dominion, according to a press release from the company. A pre-filing request with the Federal Energy Regulatory Commission—which must approve the pipeline—is expected this fall, and Dominion plans on starting construction as early as summer 2016, with a completion date in late 2018.

Virginia Governor Terry McAuliffe was set to hold a press conference Tuesday morning with executives from Dominion and AGL touting the project’s economic benefits.

 

Posted In:     News

Tags:     ,

Previous Post

What’s coming up in Charlottesville-Albemarle the week of Sept. 1?

Next Post

Who’s got the guns? Feds explain away discrepancy in local combat weapons report



Our comments system is designed to foster a lively debate of ideas, offer a forum for the exchange of ad hoc information, and solicit honest, respectful feedback about the work we do. We’re glad you’re participating. Here are a few simple rules to follow, which should be relatively straightforward.

1) Don’t call people names or accuse them of things you cannot support.
2) Don’t direct foul language, racial slurs, or offensive terms at other commenters or our staff.
3) Don’t use the discussion on our site for commercial (or shameless personal) promotion.

We reserve the right to remove posts and ban commenters who violate any of the rules listed above, or the spirit of the discussion. We’re trying to create a safe space for a wide range of people to express themselves, and we believe that goal can only be achieved through thoughtful, sensitive editorial control.

If you have questions or comments about our policies or about a specific post, please send an e-mail to editor@c-ville.com.

4
Leave a Reply

avatar
0 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
0 Comment authors
Recent comment authors
  Subscribe  
newest oldest most voted
Notify of