Dominion Power 2015 Annual Report Download - page 14

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12
Dominion Pipeline Systems,
including Joint Ventures
Atlantic Coast Pipeline
Marcellus Shale
Utica Shale
Cove Point
Storage
ATLANTIC COAST
PIPELINE
PROJECT FEATURES
CUSTOMER COMMITMENT
• 20-year binding gas
transportation agreements
• Multiple end-use customers
• 96 percent subscribed
CAPACITY
• 1.5 billion cubic feet
per day (Bcf/d)
• Expandable to 2 Bcf/d
STRUCTURE & TIMELINE
OWNERSHIP STRUCTURE
• Dominion Resources — 45%
• Duke Energy — 40%
• Piedmont Natural Gas — 10%
• AGL Resources — 5%
TOTAL ESTIMATED COST
• $4.5–$5 billion
PROJECTED TIMELINE
• FERC filing —
September 2015
• Expected in-service —
November 2018
ACP ROUTE — SAFETY & BENEFITS
594-mile route, three compressor stations, minimizes impact to
environmentally and ecologically sensitive areas and historic resources.
SAFETY
• Rigorous federal, state
testing protocols
• X-rayed pipeline welds
• Thorough inspections,
pressure tests prior to
operation
• Government-mandated
operator-qualification
standards
• Coordination with local
emergency responders
• 24/7 monitoring from
Dominion gas control center
PROJECT BENEFITS
• Reliable, diverse supply
• Cleaner air in region
• Net annual energy savings of
$377 million for consumers
in Virginia, North Carolina
• Economic development
opportunities along route
• Economic activity during
construction, operation
• Supports growth of
intermittent renewable power
• Supports creation of more
than 2,500 permanent jobs
along route
• Estimated annual property
tax revenue of more
than $25 million for local
governments
ACP would improve the supply of natural gas to:
• Electric utilities aiming to
meet stringent federal and
state air standards and keep
down customer rates;
• Local gas utilities seeking
new, less expensive supplies
for residential and commercial
customers; and
• Industries interested
in building or expanding
their operations in
West Virginia, Virginia,
North Carolina.
* Source, The Economic Impacts of the Atlantic Coast Pipeline,
ICF International, February 2015
PROJECTED NATURAL GAS DEMAND
IN VIRGINIA AND NORTH CAROLINA,
2015–2035*
Billion cubic feet per day
2015 2020
3.72
3.40
2025
4.64
2030
5.32
2035
6.49
DEMAND
NEARLY
DOUBLES