— Strong shipper interest, coupled with the capabilities of state-of-the-art compression technology, has enabled the proposed MVP Boost project to increase available capacity to 600 MDth/d, up from 500 MDth/d contemplated in the open season.
— The upsized 600 MDth/d of capacity is fully subscribed by investment-grade utility customers in the Southeast, underscoring strong, demand-driven growth for reliable natural gas supply.
— The proposed project minimizes potential environmental impacts by utilizing workspaces previously approved by FERC for the MVP Mainline.
— A new compressor station is proposed on land owned by Mountain Valley Pipeline, LLC and immediately adjacent to the MVP Mainline right-of-way in Montgomery County, Virginia.
— Pending regulatory approval, construction is targeted to start in the winter of 2026- 2027, with an in-service date targeted for mid-2028.
Inresponse togrowingdemandfor more capacity onthe Mountain Valley Pipeline (MVP) Mainline system, Mountain Valley Pipeline, LLC, todayformallyappliedtotheFederal EnergyRegulatoryCommission(FERC) for authorization to build the”MVP Boost”project. MVP Boost is a proposed expansion of the MVP Mainline's capacity, adding compression at three existing compressor stations in West Virginia and constructing a new compressor station in Virginia. The project is designed to provide timely, cost-effective access to the growing demand for natural gas for use by local distribution companies, industrial users, and power generation in the Mid-Atlantic and Southeastern United States.
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Mountain Valley Pipeline, LLC will construct and own the proposed MVP Boost project. The joint venture is comprised of affiliates ofEQTCorporation(NYSE:EQT);NextEra Energy,Inc. (NYSE:NEE); ConsolidatedEdison,Inc.(NYSE:ED);AltaGasLtd.(TSX:ALA); andRGC Resources,Inc.(NASDAQ:RGCO). EQT owns a significant interest in the joint venture and, as operator of the MVPMainline,willoperatetheproposedproject'sfacilities.Asproposed, and pending regulatory approval, construction of the MVP Boost facilities is targeted to startin the winter of2026-2027, withafullin-service date targeted formid-2028.
The MVP Mainline, a 303-mile interstate natural gas transmission pipeline system that spansfromWetzel County, West Virginia, toPittsylvaniaCounty, Virginia,enteredoperation in June 2024 and achieved its full operational capacity of 2 billion cubic feet of natural gas perday(Bcf/d)inJanuary2025.InApril2025,itwasrecognizedinajointreportbythe FERC and the North American Electric Reliability Corporation for its critical role in helping toavoid supplycurtailmentsduring winterweatherevents andperiodsofrecorddemand. In June and July 2025, Mountain Valley Pipeline, LLC conducted an open season to gauge shipper interest in MVP Boost, which was initially anticipated to increase capacity on the MVP Mainline by500thousanddekatherms perday(Mdth/d).
The MVP Boostopen season received over 1 Bcf/d ofshipper interest from investment grade counterparties, leading Mountain Valley Pipeline, LLC to increase the additional capacityprovidedthroughMVPBoostto600Mdth/d, asdescribedintoday'sapplication filing to the FERC. Upon completion, MVP Boost will leverage the tested and approved capabilities ofthe MVP Mainline systemtosafely transport upto 2.6 Bcf/dfordomestic use. As a demand-driven project, MVP Boost is fully subscribed by investment-grade utilities in North Carolina and Virginia through binding, long-term contracts that ensure reliableofftake.
“The Mountain Valley Pipeline is a proven, world-class asset that has provided American families and businesses with greater access to the low-cost, reliable and clean energy neededtopowermodernlife,” saidTobyZ.Rice,President andCEOofEQT.”Theproposed MVPBoostprojectisanefficient,high-valueexpansionthatwillamplifythebenefitsofthis critical energy infrastructure system to our nation's economy and national security.”
TheMVPBoostproject leveragestheMVP Mainline's existing footprint to the greatest extent practicable, with all proposed work in West Virginia to be performed within areas previously approved by the FERC forthe MVP Mainline's construction and operation. In Virginia, the MVPBoostproject involvestheproposed constructionofanewcompressorstationonland owned by Mountain Valley Pipeline, LLC in Montgomery County, Virginia. The parcel is immediatelyadjacent totheexistingMVP Mainline. The addition of modern, high-efficiency compressor units in both states will provide the horsepower needed to support theincreased capacity enabled by the MVP Boost project, while continuing to operate within the maximum allowable operating pressure that the pipeline was designed, tested and approvedtosafely operate.Alloftheproposed newcompressionwillincorporatestate-of- the-art emissions reduction technologies and will be powered by a fraction of the natural gasbeingtransportedbytheMVP Mainline, thereby reducing potential environmental impacts and costs associated with building electric infrastructure in remote regions to power station sites.
MVP Boost is also expected to generate significant and meaningful benefits to West Virginia and Virginia and the communities closest to the proposed facilities. An economic impact analysis performed byFTIConsultingestimatestheMVPBoostprojectwillgenerate:
— $450 million in spending on equipment, materials, services and labor
— $127 million in federal, state and local tax revenues during construction
— $149 million in new annual federal, state and local tax revenues during operation
— 140 jobs created in West Virginia and 60 jobs created in Virginia during construction
The MVPBoostapplicationandresource reports, alongwith mapsofproposedfacilities, willbeavailableontheMVPBoostwebsite (www.mvpboost.info).Instructionsonhowto access these and other project-related documents online will also be available at public libraries in the localities where project facilities are proposed to be built.
AboutMVPBoost
MVP Boost is a proposed addition of compression on the existing MVP Mainline, a 303-mile interstatenaturalgastransmissionpipeline systemthatspansfromnorthern WestVirginia tosouthern Virginia.MVP Boost is subject to approval and regulatory oversight by theFederal Energy Regulatory Commission. Mountain Valley Pipeline, LLC will construct and own the proposed MVP Boost, which is a joint venture comprised of affiliates of EQT Corporation(NYSE:EQT);NextEra Energy, Inc. (NYSE: NEE); Consolidated Edison, Inc. (NYSE: ED); AltaGasLtd.(TSX:ALA);andRGCResources,Inc.(NASDAQ:RGCO). MVP Boost was designed to increase capacity on the existing MVP Mainline for the transportation of lower-carbon natural gas from the prolific Marcellus and Utica shale regions to the growing demand markets in the Mid-Atlantic and Southeastern United States.Targetingafullin-serviceinmid-2028,anaffiliateofEQT Corporation, the largest interest owner, will operate the project facilities as it does the MVPMainline.Fromplanning and development, to construction and in-service operation, the MVP Boost team is dedicated to the safety of its communities, employees, and contractors, and to the preservation and protection of the environment. Visitwww.mvpboost.info.
Media Contact:Shawn Day 804-771-5306shawn@capresults.net
CautionaryStatements:
Disclosures in this news release contain certain forward-looking statements that do not relate strictly to historical or current facts and are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of plans, strategies, objectives and growth, and anticipated financial and operational performance of Mountain Valley Pipeline, LLC, including guidance regarding the proposedMVP Boost project and joint venture; the timing of development and construction of theMVPBoostfacilities; theestimatedcostofMVP Boost; the anticipated increase in volume of gas to be transported on theMVPMainlineasa resultofcompletionofMVP Boost; the expected in-service date forMVPBoost;thepotentialenvironmentalimpactsof MVP Boost; and the expected economic benefits of MVP Boost. The forward-looking statements included in this news release are subject to risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Mountain Valley Pipeline, LLC has based these forward-looking statements on current expectations and assumptions about future events. While Mountain Valley Pipeline, LLC considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, most of which are difficult to predict and are beyond its control. The risks and uncertainties that may affect the operations, performance, and results of Mountain Valley Pipeline, LLC and forward-looking statements include, but are not limited to:
The business, financial condition, results of operations and prospects could suffer if Mountain Valley Pipeline, LLC does notproceedwithprojectsunder developmentorisunabletocompletetheconstructionof,orcapital improvementsto, its facilities on schedule or within budget.
The ability of Mountain Valley Pipeline, LLC to complete construction of, and capital improvements to, facilities on schedule and within budget may be adversely affected by: escalating costs for materials and labor and regulatory compliance, including potential tariffs; inability to obtain or renew necessary licenses, rights-of-way, permits or other approvals on acceptable terms or on schedule; disputes involving contractors, labor organizations, landowners, governmental entities, environmental groups, Native American and aboriginal groups, and other third parties; negative publicity; transmission interconnection issues; and other factors. If any development project or construction or capital improvement project is not completed, is delayed or is subject to cost overruns, certain associated costs may not be approved for recovery or recoverable through regulatory mechanisms that may otherwise be available, and Mountain Valley Pipeline, LLC could become obligated to make delay or termination payments or become obligated for other damagesundercontracts,couldexperience the loss of tax creditsortaxincentives,or delayedordiminishedreturns, and couldbe requiredtowrite-offall oraportion of itsinvestment inthe project.Anyof these eventscouldhave amaterial adverse effect on Mountain Valley Pipeline, LLC's business, financial condition, results of operations and prospects.
MountainValleyPipeline,LLCmayfacerisksrelated toprojectsiting, financing, construction, permitting, governmental approvals and the negotiation of project development agreements that may impede its development and operating activities.
Mountain Valley Pipeline, LLC must periodically apply for licenses and permits from various local, state, federal and other regulatory authorities and abide by their respective conditions. Should Mountain Valley Pipeline, LLC be unsuccessful in obtaining necessary licenses or permits on acceptable terms, should there be a delay in obtaining or renewing necessary licenses or permits or should regulatory authorities initiate any associated investigations or enforcement actions or impose related penalties or disallowances on Mountain Valley Pipeline, LLC, Mountain Valley Pipeline, LLC's business, financial condition, results of operations and prospects could be materially adversely affected. Any failure to negotiate successful projectdevelopmentagreementsfor new facilitieswiththirdpartiescouldhave similarresults.
MountainValley Pipeline,LLC'sgasinfrastructurefacilitiesandotherfacilitiesaresubjecttomanyoperationalrisks.
Operational risks could result in, among other things: lost revenues due to prolonged outages; increased expenses due to monetary penalties or fines for compliance failures; liability to third parties for property and personal injury damage; afailuretoperformunderapplicablesales agreementsandassociatedlossofrevenues fromterminatedagreementsor liability for liquidated damagesunder continuing agreements. The consequences of these risks could have a material adverse effect on Mountain Valley Pipeline, LLC's business, financial condition, results of operations and prospects.
Uncertainties and risks inherent in operating and maintaining Mountain Valley Pipeline, LLC's facilities include, but are not limited to, risks associated with facility start-up operations, such as whether the facility will achieve projected operating performance on schedule and otherwise as planned.
MountainValleyPipeline,LLC's business,financialcondition,resultsofoperationsandprospectscanbematerially adverselyaffected byweatherconditions,including,butnotlimitedto,theimpact ofsevereweather.
Threatsofterrorismandcatastrophicevents thatcouldresult fromterrorism,vandalism,cyber-attacks,orindividuals and/orgroupsattemptingtodisruptMountain ValleyPipeline,LLC'sbusiness,orthebusinessesofthirdparties, may materiallyadverselyaffectMountainValleyPipeline,LLC's business,financial condition,resultsof operationsand prospects.
Any forward-lookingstatementspeaks onlyasofthedateonwhich suchstatementismade,and,exceptasrequiredby law, Mountain Valley Pipeline, LLC does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE EQT Corporation
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