Noting the thousands of jobs soon to be created and millions in state revenue generated, House Speaker Tim Miley said today’s announcement of four major energy companies partnering to build the proposed natural gas Atlantic Coast Pipeline is yet another aggressive step forward in West Virginia’s continually expanding economy. Four major U.S. energy companies - Dominion , Duke Energy, Piedmont Natural G, and AGL Resources , - announced today the formation of a joint venture to build and own the proposed Atlantic Coast Pipeline. The $4.5 billion to $5 billion, 550-mile natural gas pipeline would run from Harrison County, W. Va., southeast through Virginia with an extension to Chesapeake, Va., and then south through central North Carolina to Robeson County “The growing Marcellus Shale industry is rapidly becoming an important factor in West Virginia’s economic future, and this pipeline, which carries such great promise, is fantastic news – a great opportunity to continue drilling for gas and transporting it around the country,” Speaker Miley said. “This expanded distribution network will have a positive impact on the natural gas industry, from the largest gas producers to the small royalty owners, but more importantly, bring revenue to West Virginia taxpayers.” *Atlantic Coast Pipeline press release [PDF]
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