Project Profile
Value: US$4.5 billion - US$5 billion
Location: from West Virginia, through Virginia and into eastern North Carolina, USA
Capacity: 1.5 billion cubic feet of natural gas per day
Length: 550 miles
Start-up Year: -
Duke Energy and Piedmont Natural Gas have chosen Dominion to build and operate a 550-mile interstate natural gas pipeline from West Virginia, through Virginia and into eastern North Carolina to meet the region’s rapidly growing demand for natural gas. The project has been named the Atlantic Coast Pipeline. Duke Energy and Piedmont selected Dominion’s project after reviewing submittals by five companies in response to an April 2014 solicitation for proposals to build North Carolina’s second major interstate natural gas pipeline. The pipeline has an estimated cost of between US$4.5 billion and US$5 billion, an initial capacity of 1.5 billion cubic feet of natural gas per day, and a target in-service date of late 2018.
The project will require Federal Energy Regulatory Commission approval, which Dominion will seek to secure by summer 2016. The pipeline’s main customers are six utilities and related companies that collectively will purchase a substantial majority of the pipeline’s capacity to transport natural gas – Duke Energy Carolinas, Duke Energy Progress, Virginia Power Services Energy, Piedmont Natural Gas, Virginia Natural Gas, and PSNC Energy. The purchases will be made through 20-year contracts, subject to state regulatory approval. The pipeline’s owners are negotiating with other potential customers, as well. Gas will be carried through a 42-inch-diameter pipe in West Virginia and Virginia, and a 36-inch-diameter pipe in North Carolina. The project operators are; Dominion with a 45 % interest, Duke Energy with a 40% interest, Piedmont Natural Gas with a 10% interest and AGL Resources with a 5 % interest. In September 2015, Atlantic Coast Pipeline LLC applied to the US Federal Energy Regulatory Commission for permission to build the interstate natural gas transmission pipeline.
Operators:
Dominion: 45 % interest
Duke Energy: 40% interest
Piedmont Natural Gas: 10% interest
AGL Resources: 5 % interest
Contractors:
Subcontractors: