MVP Gains Approval for Southgate Project; FERC Sets 14% ROE, Lowers Depreciation Rate

摘要

Mountain Valley Pipeline gained FERC approval for its Southgate Project, with a 14% return on equity (ROE) and a lower depreciation rate than what was sought in the 2018 application. The 14% ROE was protested by state regulators in North Carolina, where local distribution company (LDC) Dominion Energy North Carolina operates and had signed up for most of the 375,000 Dth/d of capacity created by the Southgate project (CP19-14).