Mountain Valley Pipeline LLC has formally applied to the US Federal Energy Regulatory Commission (FERC) for authorization to build a 301-mile interstate natural gas transmission pipeline designed to provide natural gas for use by local distribution companies, industrial users, and power generation facilities in the Mid-Atlantic, Southeast, and Appalachian regions of the US.
Mountain Valley Pipeline (MVP) is a joint venture between EQT Midstream Partners LP (NYSE: EQM), majority owner and operator of the proposed Mountain Valley Pipeline; and affiliates of NextEra Energy Inc. (NYSE: NEE); WGL Holdings Inc. (NYSE: WGL); Vega Energy Partners Ltd; and RGC Resources Inc. (NASDAQ: RGCO).
The MVP would transport Marcellus and Utica natural gas, beginning in Wetzel County, West Virginia, and traversing south through 11 counties in West Virginia; and southeast through six counties in Virginia, before ending in Pittsylvania County, Virginia. The MVP is expected to provide at least 2 Bcf per day of firm transmission capacity.
Pending regulatory approval, construction is anticipated to begin in late 2016, with a full in-service targeted for the fourth quarter of 2018.