Purchase agreements in place for Atlantic Coast Pipeline
March 22, 2016
Purchase agreements have been signed for virtually all of the natural gas that would be delivered to the Southeast by the proposed Atlantic Coast Pipeline, the lead energy company behind the $5 billion project said Tuesday.
Diane Leopold, president of Dominion Energy Inc., said the utility agreements reflect the need for the nearly 600-mile energy project delivering fracked natural gas along a route from West Virginia, through Virginia and into North Carolina.
Leopold said the pipeline would feed a growing hunger for a cleaner fuel as the nation moves away from coal-fired energy, the leading source of carbon dioxide pollution linked to climate change.
Purchase agreements are in place for 96 percent of the pipeline's capacity, Leopold said.
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