Sunday, March 30, 2003

Turbulence in natural gas industry may lead to less demand for proposed pipeline through SWVA

According to this report, the cancellation of three gas-powered electricity generation plants has called into question the need for Dominion Power's proposed Greenbrier Pipeline Project, which would run 275 miles from West Virginia through Southwest Virginia, crossing the New River and the Appalachian Trail, to North Carolina. As noted here, regulatory approval for the pipeline is nearly complete, with the next step being property appraisals.

Citing natural gas prices, SWVA's Congressman Boucher earlier this month introduced federal legislation to encourage the use of more coal and less gas in the development of new power-generation plants, as described in this press release from the Congressman's website.

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