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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.
But on Wednesday, the company delayed its "targeted timing" for finishing project construction to the first quarter of 2024. Mountain Valley pipeline, or MVP, also revised its total project cost to about $7.2 billion, ing to an Equitrans filing with the Securities and Exchange Commission.
An explicit easement requires proof of some form of writing ? for example, an act ? with the servitude described in specific terms. Other requirements to prove an easement by deed include signatures, a certificate of confirmation, and registration of the deed in the county where the property is located.
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.
The pipeline company typically pays the landowner in price per foot or per acre for farm land of the property that the pipeline passes. The price is based on the length of the easement. Some companies offer prices based on linear rod, not linear foot.
Two significant natural gas pipeline projects in West Virginia, the Atlantic Coast Pipeline and the Mountain Valley Pipeline, have faced opposition and legal challenges from environmental groups.
Pipelines are generally the most economical way to transport large quantities of oil, refined oil products or natural gas over land.
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.