Virginia’s consumers and economy will benefit from the Mountain Valley Pipeline
RICHMOND, Va. – December 22, 2016 – Virginia Petroleum Council (VPC) Executive Director Miles Morin called on the Federal Energy Regulatory Commission (FERC) to approve the Mountain Valley Pipeline. In his letter to FERC Secretary Kimberly Bose, Morin explained the benefits that would come to Virginia with an increase in the state’s energy infrastructure.
“Virginia’s natural gas use is increasing, having grown more than 50 percent from 2004 to 2014,” wrote Morin in the letter. “This growth in use corresponds with lower gas prices, which are saving customers money and spurring economic growth. For example, Virginia Tech’s ongoing transition from coal to gas for heating and power will save the school an estimated $1 million per year. Other commercial users, like public facilities and hospitals are seeing similar benefits. Increased supply will also help lower costs for consumers and manufacturers.
“Natural gas is going to be an important part of the nation’s energy portfolio for generations. We need to build infrastructure to get cleaner, cheaper fuel to market in order to help spur the economy and help consumers save money on fuel costs. The proposed Mountain Valley Pipeline would achieve these goals in a responsible manner.”
American consumers have seen the benefits of our nation’s energy renaissance. American households have an extra $1,337 per year in the bank due to abundant and affordable natural gas, according to IHS.
The VPC is a division of API, which represents all segments of America’s oil and natural gas industry. Its more than 625 members produce, process, and distribute most of the nation’s energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.
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