Economic Developers Association George Faatz, Director, External - - PowerPoint PPT Presentation

Presentation to The Virginia Economic Developers Association

March 20, 2015 George Faatz, Director, External Affairs 757-616-7507 gfaatz@aglresources.com

Counties/Cities

• Charles City
• Chesapeake
• Essex
• Gloucester
• Hampton
• Hanover
• James City
• King and

Queen

• King William
• Mathews
• Middlesex
• New Kent
• Newport News
• Norfolk
• Poquoson
• Suffolk
• Virginia Beach
• West Point
• Williamsburg
• York

Virginia Natural Gas Service Territory

Serves

• Over 284,000 residential, commercial

and industrial customers

2 GREEN = VNG territory served

Lanexa to West Point Pipeline Project

2012 NEED Legislation – HB 559 & SB 511 Natural Gas Infrastructure Expansion for Economic Development Legislation (NEED)

• Provides a new tool to more proactively expand natural gas infrastructure to

support economic development

• Allows natural gas service to be extended if certain requirements are

met:

• 1. Located where adequate infrastructure is not available
• 2. Must provide future economic development opportunities
• 3. Developer/customer/locality must provide a binding commitment

for at least 5 years and 50% of the pipe’s capacity

• 4. After good faith negotiations, and developer/occupant cannot pay

CIAC

2015 MAIN Legislation – HB 1475 & SB 1163 Making Access to natural gas Infrastructure Now (MAIN)

• Allows Virginia’s natural gas utilities to implement programs to extend new

infrastructure into unserved areas of the utility’s service territory.

• Benefits of the program include:
• More Virginia consumers will have the opportunity to benefit from

natural gas and lower their energy costs.

• Existing customers will not subsidize expansion.
• When the cost of the expansion is recovered, rider is removed.
• Increased economic development opportunities
• SCC must review and approve MAIN program before they are

implemented.

• Abundant. American. Affordable.

Reliability & Price Stability

Transco (Transcontinental)

165 185 195

ACP (Atlantic Coast Pipeline) TCO (Columbia Gas) DTI (Dominion Transmission Inc) VNG (Virginia Natural Gas)