RICHMOND, Va., Nov. 4, 2014 /PRNewswire/ -- Dominion (NYSE: D),
today submitted a pre-filing request to the Federal Energy
Regulatory Commission (FERC) asking the commission to begin its
environmental review of the proposed $500
million Supply Header Project.
The Supply Header Project is to be built and operated by the
company's Dominion Transmission subsidiary. It would provide an
additional 1.5 billion cubic feet of natural gas per day of firm
transportation between the facilities of Dominion Transmission and
the proposed Atlantic Coast Pipeline, primarily through looping
along existing pipeline rights of way and additional compression at
existing stations. In doing so, the Supply Header Project would
increase access to natural gas supplies from the Marcellus and
Utica basins – and other upstream sources – to Virginia and North
Carolina end users.
The Atlantic Coast Pipeline is a separate project that is a
joint venture among Dominion and three other major U.S. energy
companies – Duke Energy (NYSE: DUK), Piedmont Natural Gas (NYSE:
PNY) and AGL Resources (NYSE: GAS).
"The Supply Header project is another example of the many
opportunities Dominion has to help fill the significant need for
new infrastructure to bring prolific supplies throughout the
Marcellus and Utica basins to market," said Diane Leopold, president of the company's
Dominion Energy business unit.
The extensive FERC review process that begins with pre-filing
solicits input from numerous local, state and federal entities, and
private citizens. Public safety, air quality, water resources,
geology, soils, wildlife and vegetation, threatened and endangered
species, land and visual resources, cultural and historic
resources, noise, cumulative impacts and reasonable alternatives
are fully examined. The project will need the approvals of federal,
state and local environmental regulatory agencies before
construction can begin.
The company expects to file its FERC application in September 2015, receive the FERC Certificate of
Public Convenience and Necessity in the summer of 2016 and begin
construction shortly thereafter.
More information about the Supply Header Project is available on
the Web at dom.com/supplyheader.
About Dominion
Dominion is one of the nation's largest producers and
transporters of energy, with a portfolio of approximately 23,600
megawatts of generation, 10,900 miles of natural gas transmission,
gathering and storage pipeline, and 6,400 miles of electric
transmission lines. Dominion operates one of the nation's largest
natural gas storage systems with 947 billion cubic feet of storage
capacity and serves utility and retail energy customers in 10
states. For more information about Dominion, visit the company's
website at www.dom.com.
This news release includes certain "forward-looking
information." Examples include information as to our expectations,
beliefs, plans, goals, objectives and future financial or other
performance or assumptions concerning matters discussed in this
release. Factors that could cause actual results to differ from
those in the forward-looking statements may accompany the
statements themselves. In addition, our business is
influenced by many factors that are difficult to predict, involve
uncertainties that may materially affect actual results and are
often beyond our ability to control or estimate precisely, such as
estimates of future market conditions, access to and costs of
capital, the receipt of regulatory approvals for, and timing of,
planned projects and compliance with conditions associated with
such regulatory approvals, and the ability to complete planned
construction or expansion projects within the terms and timeframes
initially anticipated. We have identified and will in the future
identify a number of these factors in our SEC Reports on Forms 10-K
and 10-Q. We refer you to those discussions for further
information. Any forward-looking statement speaks only as of
the date on which it is made, and we undertake no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which it is made.
SOURCE Dominion