$6.96 | -0.11 February 5, 2023 4:43 PM ET

MVP Southgate

 In April 2018, the MVP Joint Venture announced the MVP Southgate project, a proposed 75-mile interstate pipeline that will extend from the MVP at Pittsylvania County, Virginia to new delivery points in Rockingham and Alamance Counties, North Carolina. The MVP Southgate project is backed by a 300 MMcf per day firm capacity commitment from Dominion Energy North Carolina. As designed, the MVP Southgate project has expansion capabilities that could provide up to 900 MMcf per day of total capacity. The MVP Southgate project received its Certificate of Public Convenience and Necessity from the FERC in July 2020. The Company is the operator of MVP Southgate and owns a 47.2% interest in the MVP Southgate project.

Given the continually evolving regulatory and legal environment for greenfield pipeline construction projects, as well as factors specific to the MVP and MVP Southgate projects, the MVP Joint Venture is evaluating the MVP Southgate project, including engaging in discussions with Dominion Energy North Carolina regarding options with respect to the MVP Southgate project.

Visit the MVP Southgate project website.