Dominion Commits to Major New Marcellus/Utica Pipeline Project

What a difference five months can make in the midstream business. In April Dominion launched a nonbinding (“feeling out the marketplace”) open season to gauge potential interest in a pipeline that would carry Marcellus and Utica Shale gas from West Virginia into Virginia and eventually to North Carolina (see Dominion Announces 2 New Pipeline Projects from Marcellus/Utica). The project was called the Dominion Southeast Reliability Project. At the end of May, Dominion was still saying the proposed pipeline, which would cost around $2 billion to build, was still “very preliminary” and that the company had “not decided to do this” (see More Details/Proposed Route of Dominion Marcellus to NC Pipeline). We couldn’t even locate a map of the proposed route! Looks like the nonbinding open season was a big success. Yesterday Dominion announced not only is the pipeline going forward, they’ve formed a joint venture with three other companies to build it. We have a map of the route, a name change for the project (now called the Atlantic Coast Pipeline), and the price to build it has more than doubled–from $2 billion to $5 billion! Here’s the details…

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