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Presentation to The Virginia Economic Developers Association · CIAC. 2015 MAIN Legislation –HB...
Transcript of Presentation to The Virginia Economic Developers Association · CIAC. 2015 MAIN Legislation –HB...
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Presentation to The Virginia
Economic Developers Association
March 20, 2015
George Faatz, Director, External Affairs
757-616-7507
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Counties/Cities
• Charles City
• Chesapeake
• Essex
• Gloucester
• Hampton
• Hanover
• James City
• King and
Queen
• King William
• Mathews
• Middlesex
• New Kent
• Newport News
• Norfolk
• Poquoson
• Suffolk
• Virginia Beach
• West Point
• Williamsburg
• York
Virginia Natural Gas Service Territory
Serves• Over 284,000 residential, commercial
and industrial customers
2GREEN = VNG territory served
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Lanexa to West Point Pipeline Project
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2012 NEED Legislation – HB 559 & SB 511
Natural Gas Infrastructure Expansion for Economic
Development Legislation (NEED)
• Provides a new tool to more proactively expand natural gas infrastructure to
support economic development
• Allows natural gas service to be extended if certain requirements are
met:
1. Located where adequate infrastructure is not available
2. Must provide future economic development opportunities
3. Developer/customer/locality must provide a binding commitment
for at least 5 years and 50% of the pipe’s capacity
4. After good faith negotiations, and developer/occupant cannot pay
CIAC
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2015 MAIN Legislation – HB 1475 & SB 1163
Making Access to natural gas Infrastructure Now (MAIN)
• Allows Virginia’s natural gas utilities to implement programs to extend new
infrastructure into unserved areas of the utility’s service territory.
• Benefits of the program include:
• More Virginia consumers will have the opportunity to benefit from
natural gas and lower their energy costs.
• Existing customers will not subsidize expansion.
• When the cost of the expansion is recovered, rider is removed.
• Increased economic development opportunities
• SCC must review and approve MAIN program before they are
implemented.
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Abundant. American. Affordable.
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Reliability & Price Stability
Transco (Transcontinental)
165
185
195
ACP (Atlantic Coast Pipeline)
TCO (Columbia Gas)
DTI (Dominion Transmission Inc)
VNG (Virginia Natural Gas)