This week Duke Energy and Piedmont Natural Gas submitted permits to the Federal Energy Regulatory Commission to build a 550-mile natural gas pipeline across three mid-Atlantic states.
The controversial pipeline project would primarily deliver natural gas from West Virginia to rural eastern North Carolina, where access to natural gas is limited. The companies say the project will help lower energy costs, stimulate economic growth, and create jobs. Opponents—particularly in Virginia—say the project could impact water quality, disrupt forest habitat, and mar the Shenandoah Valley’s historic and picturesque landscape, which contributes to tourism, outdoor recreation, and related industries.
According to application materials, reduced energy costs would save consumers and businesses in Virginia and North Carolina $377 million annually, create more than 2,200 full-time, permanent jobs, and generate $25 million in annual local tax revenue. The project would cost $5 billion to construct, and initially carry 1.5 billion cubic feet of natural gas per day. The target completion date is late 2018.
Read the full story: Atlantic Coast Pipeline could lower energy costs, create jobs
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