Economic Benefits for Our Communities:
- Direct Spending: With an estimated capital expense of $5.9 billion, the MVP project anticipates direct spending of $520 million in Virginia and $1.58 billion in West Virginia.
- Labor & Employment: The MVP project is estimated to sustain an average of 2,100 construction jobs in Virginia and 3,700 construction jobs in West Virginia through its targeted completion date.
- Wages and Benefits: The MVP project has had a positive impact on wages and benefits to the overall economy, supporting an estimated average of $59,800 per person in Virginia and $60,600 per person in West Virginia.
- Tax Revenue: Construction of the MVP project is expected to generate additional state and local tax revenue of approximately $49 million in Virginia and $82 million in West Virginia.
- Ad Valorem Taxes: Once the MVP is operational, counties along the route will continue to receive tax revenues, 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.