As of October 2023
Direct Spending: With an estimated capital expense of $7.2 billion, the MVP project has resulted in significant direct spending in Virginia and West Virginia, with more anticipated through the completion of construction.
Labor & Employment:Through its targeted completion date, the MVP project is estimated to sustain up to 4,500 construction jobs in Virginia and West Virginia.
Wages and Benefits: The MVP project has had a positive impact on wages and benefits to the overall economy, supporting an estimated average compensation that exceeds $60,000 in Virginia and West Virginia.
Tax Revenue: Construction of the MVP project has generated substantial state and local tax revenue, with cumulative tax revenues estimated at approximately $53 million in Virginia and $89 million in West Virginia.
Ad Valorem Taxes: Once the MVP is operational, counties along the route will continue to receive tax revenues, with the project generating an estimated $10 million annually in Virginia and $35 million annually in West Virginia.
As the lead federal agency, the Federal Energy Regulatory Commission, typically referred to as the FERC, will oversee the federal permitting process for the Mountain Valley Pipeline project and will also coordinate with other federal, state, and local agencies during the environmental review process to identify potential environmental concerns.