Dominion Buying a Piece of Competitive Mountain Valley Pipeline

Here’s some dots that we’ve not seen anyone else connect. There are two competing pipeline projects that generally run along the same route to shuttle Marcellus/Utica gas to the southeastern U.S. One project is EQT Midstream’s Mountain Valley Pipeline (MVP), which runs 303 miles from West Virginia into southern Virginia. MVP is facing a court case that’s idled three-fourths of the project, leading to a layoff of “thousands” of workers (see FERC Lets MVP Restart Work on 25% of Pipe; MVP Lays off ‘Thousands’). The other project is Dominion Energy’s Atlantic Coast Pipeline (ACP), a 600+ mile pipeline from West Virginia through Virginia and into North Carolina, almost to the border with South Carolina. ACP is currently idled because of a similar court case (see FERC Shuts Down ALL Work on Atlantic Coast Pipeline). Both EQT and Dominion believe the court order and FERC’s directive is only a temporary setback. Both believe their projects will be completed sometime next year. Here’s where it gets interesting. Although MVP has not officially filed with FERC (yet), they do plan to expand from the current termination point in Pittsylvania County, VA another 70 miles into North Carolina (see Mountain Valley Pipeline Launches Plan to Expand 70 Miles into NC). That new portion of MVP is called the Southgate project. Last week PSNC Energy, based in North Carolina, purchased a 30% share in the MVP Southgate project. PSNC is a subsidiary of South Carolina-based SCANA Corp. Sound familiar? Dominion Energy is right now in the process of closing a deal to buy/merge in SCANA Corp. (see FERC Approves Dominion Energy/SCANA Merger – Deal Still Alive). Ergo, Dominion is buying a 30% stake in its primary competitor to flow Marcellus/Utica gas south…

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