Mountain Valley Pipeline
Mountain Valley Pipeline, LLC (MVP Joint Venture) is a joint venture with affiliates of each of NextEra Energy, Inc., Consolidated Edison, Inc., AltaGas Ltd. and RGC Resources, Inc. EQM is the operator of the MVP and owned a 45.5% interest in the MVP Joint Venture as of December 31, 2018. The 42-inch diameter pipeline has a targeted capacity of 2.0 Bcf per day and is estimated to span 300 miles extending from Transmission’s existing transmission and storage system in Wetzel County, West Virginia to Pittsylvania County, Virginia, providing access to growing Southeast demand markets. As currently designed, the MVP is estimated to cost a total of $4.6 billion, excluding AFUDC, with EQM funding approximately $2.2 billion of the project cost. In 2019, EQM expects to make capital contributions of approximately $0.9 billion to the MVP Joint Venture, depending on the timing of the construction of the MVP and the MVP Southgate projects. The MVP Joint Venture has secured a total of 2.0 Bcf per day of firm capacity commitments at 20-year terms. MVP is expected to be placed in-service during the fourth quarter 2019.
Visit the Mountain Valley Pipeline project website.