Dominion (NYSE:D) has asked for approval from the Federal Energy Regulatory Commission for two projects that facilitate the addition of natural gas supplies from growing production in the Appalachian region.
As quoted in the press release:
The New Market project in upstate New York improves access for National Grid to meet its customers’ growing demand for natural gas, while the Clarington project in West Virginia provides a secure and reliable route to transport growing gas supplies out of the Appalachian basin to market. Dominion filed applications for Certificates of Public Convenience and Necessity with the FERC, the federal agency responsible for reviewing and authorizing interstate natural gas transmission projects. The approximate costs of these two projects are $235 million.