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.
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.
For further information: Media contact: Frank Mack, (804) 771-3141; email@example.com or Investor contact: Kristy Babcock, (804) 819-2492; firstname.lastname@example.org