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Economic Growth from the MVP: The project is expected to employ more than 2,500 workers. Construction will provide $131 million in tax revenues to Virginia and West Virginia. The MVP will provide an additional $45 million in annual tax revenue to Virginia and West Virginia.
Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE.
The Mountain Valley Pipeline (MVP) is a natural gas pipeline being constructed from northwestern West Virginia to southern Virginia. The MVP will be 304 miles (489 km) long, and there is also a proposed Southgate Extension which will run 75 miles (121 km) from Virginia into North Carolina.
?I am proud to announce that we have finally secured the completion of the Mountain Valley Pipeline and have done so with broad, bipartisan support.
MVP 2023 Construction Progress (as of October 30, 2023) The MVP is owned and being constructed by Mountain Valley Pipeline, LLC (Mountain Valley), a joint venture of Equitrans Midstream Corporation; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Midstream; and RGC Midstream, LLC.
The MVP will be constructed and owned by Mountain Valley Pipeline, LLC (Mountain Valley), which is a joint venture between Equitrans Midstream Corporation; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Midstream MVP LLC; and RGC Midstream, LLC.
Yellowstone, US The Yellowstone project started operations in 1954 and is owned by Phillips 66, Exxon Mobil, and Energy Transfer.
The ACP, which would have connected natural gas produced in the Appalachian Basin in West Virginia to consumers in Virginia and North Carolina, was cancelled due to project cost escalations after six years of debate and litigation.