Dominion Investing $10.1B, Creating 20K New Jobs in VA Next 5 Yrs
It’s a shame to have to prove to people what should be self-evident–that building new natural gas electric plants and natural gas pipelines will bring both new jobs and inject billions into a state’s economy–but that’s what you sometimes have to do. You have to prove it to counteract the negative drumbeat from radical anti-drillers and leftist mainstream media. So Dominion, a huge utility/pipeline company operating in 14 states including the Marcellus/Utica region, commissioned a study that looks at how many jobs and how much money will be pumped into the State of Virginia over the next five years if all of the pipeline and electric plant projects they have on the books happen. The study (full copy below) finds Dominion is set to invest $10.1 billion and create nearly 12,000 jobs over the next five years in the Old Dominion. A sizable portion of the new projects and jobs are tied to natural gas…
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One reason why it takes so long to build a pipeline is the litigation necessary to make it happen. In September 2014, Dominion committed full force to building a 550-mile, $5 billion natural gas pipeline that will run from West Virginia, through Virginia and into North Carolina (see
Dominion’s Atlantic Coast Pipeline (ACP) faces some stiff opposition from the anti-drilling, landed gentry class, along with opposition from the usual anti-fossil fuel nutters and even opposition from Obama-controlled agencies including the BLM, FWS and USFS (see our 