A public informational meeting on a proposed $4.5 billion to $5 billion interstate natural gas transmission pipeline that would run through Cumberland and Robeson counties is scheduled in Fayetteville on Tuesday.
Dominion Resources Inc., the Richmond, Virginia, company that has announced plans to build the 550-mile pipeline from West Virginia to North Carolina, is holding the meeting at the Holiday Inn on Interstate 95, according to a news release from Clean Water for North Carolina.
A preliminary meeting with landowners in the corridor off the proposed Atlantic Coast Pipeline starts at 5 p.m. The public meeting will follow at 6:30 p.m.
The company is holding another informational meeting today at 4p.m. at the COM-Tech Business Park, 49 Livermore Drive in Pembroke.
The project was announced earlier this month by Duke Energy and other energy partners.
Dominion Resources intends to bring natural gas “from the burgeoning production in the Marcellus and Utica shale basins of West Virginia, Pennsylvania and Ohio” to markets in North Carolina and Virginia, the company has said.
Duke and three other major power companies selected Dominion Resources for the project. North Carolina Gov. Pat McCrory said the proposed line “will bring hundreds of jobs and hundreds of millions of dollars of economic activity” to the state.
Pending federal regulatory approval, the pipeline is expected to be in service by late 2018.
The project is expected to create 738 jobs annually in North Carolina during the construction phase, according to the Governor’s Office.
According to a report on the proposed pipeline from consulting firm Chmura Economics & Analytics, an estimated $1.2 billion would be spent in North Carolina from an overall $4.6 billion in capital expenditure.
The Chmura report is the first of three that Dominion Resources said it plans to produce.
The others, the company said, will focus on the expected property tax revenue increase in each county because of the pipeline, and an independent assessment of the economic and market implications of a pipeline taking natural gas from the Marcellus and Utica shale gas regions to Virginia and North Carolina.
Through 2019, capital spending on the pipeline can generate an annual average of $113.4 million in economic activity in North Carolina, the Chmura report said. The overall effect of construction is estimated to be $680.2million, which would 4,426 cumulative jobs in the state, according to the report.
Dominion said the pipeline’s final route has not been determined, but plans call for it to run from Harrison County, West Virginia, southeast through Virginia with an extension to Chesapeake, Virginia, then south through central North Carolina. The pipeline will wind through parts of Halifax, Nash, Wilson, Johnston, Sampson and Cumberland counties before ending in Robeson County.
The line would run mostly underground.
Staff writer Michael Futch can be reached at email@example.com or 486-3529.