Purchase Agreements in Place for Atlantic Coast Pipeline - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Purchase Agreements in Place for Atlantic Coast Pipeline

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RICHMOND, Va. (AP)- The lead utility behind the proposed Atlantic Coast Pipeline says 96 percent of its natural gas capacity is spoken for through utility purchase agreements.
    
Executives of Dominion Energy Co. updated the status of the proposed $5 billion energy project on Tuesday.
    
Dominion President Diane Leopold said the 20-year purchase agreements reflect the need for the nearly 600-mile pipeline delivering fracked natural gas along a route from West Virginia, through Virginia and into North Carolina.
    
Leopold said the pipeline will feed a growing hunger for cheaper, cleaner natural gas as the nation moves away from coal-fired energy, the leading source of carbon dioxide pollution linked to climate change.
    
The pipeline has an in-service date of late 2018. The Federal Energy Regulatory Commission has the final say on interstate pipelines.

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