Dominion received the Federal Energy Regulatory Commission’s (FERC’s) approval to site, build and operate the Cove Point LNG liquefaction and export project in Lusby, Md., the company announced on Sept. 29.
The next step is for Dominion to review and accept the order. Once the review is complete, Dominion will file an implementation plan detailing how it will comply with conditions set forth in the order. Dominion then expects to ask FERC for a “Notice to Proceed,” and to start construction when the notice is received. It is expected that the process will take several weeks.
It is expected that construction of the project will cost between $3.4 billion and $3.8 billion, it will create thousands of skilled construction jobs and 75 permanent jobs and it will add $40 million per year in tax revenue to Calvert County, Md.
Dominion supplied FERC with its pre-filing application in June 2012, notifying the commission of the company’s intention to add export capability at its Cove Point terminal. Dominion filed its application in April 2013. In May, FERC issued an environmental assessment of the project, declaring that it can be built and operated safely without significant impact to the environment. Cove Point is the fourth LNG export project to receive approval to site, construct and operate, and the first such project on the East Coast to receive FERC approval.
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