Tuesday, May 30, 2023

Mountain Valley Pipeline

Debt ceiling package would expedite approval of stalled natural gas pipeline project

Would bring millions in tax revenue to W. Virginia

The debt ceiling bill released on Sunday included a provision to expedite approval of the stalled Mountain Valley Pipeline, a 303-mile natural gas pipeline project that extends from West Virginia to Virginia.

Over the weekend, President Joe Biden and House Speaker Kevin McCarthy (R) reportedly reached a tentative deal to increase the debt ceiling to $31.4 trillion to avoid default.

If Congress approves the debt ceiling package, the pipeline, which is 94% complete, is expected to generate 2,500 construction jobs, $40 million in tax revenue for West Virginia, and $10 million for Virginia. It is anticipated to transport approximately 2 billion cubic feet of natural gas daily to consumers in the southeast.

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