© Reuters. FERC approves Atlantic Coast, Mountain Valley pipeline projects
- The Federal Energy Regulatory Commission late Friday approved the Atlantic Coast and Mountain Valley pipeline projects, among the most controversial in the U.S., by 2-1 votes.
- The $5B 600-mile Atlantic Coast Pipeline would start in West Virginia, cross Virginia and bend through eastern North Carolina; its lead developer is Dominion Energy (D +0.1%), along with partners Duke Energy (DUK -0.1%) and Southern Co . (SO +0.5%).
- The $3.5B 303-mile Mountain Valley Pipeline would run south from northern West Virginia into Virginia west of Roanoke and then cut southeast to a point north of Danville; EQT Midstream Partners (EQM -0.2%) is the operator and owns a significant interest in the joint venture with other energy companies.
- The projects will need required state permits and likely will face legal challenges from environmental advocates.
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