NextEra Energy Joins Joint Venture to Expand Mountain Valley Pipeline Capacity

NEE
October 24, 2025

On Oct 23 2025, Mountain Valley Pipeline, LLC – a joint venture that includes NextEra Energy, Inc. – filed a formal application with the Federal Energy Regulatory Commission (FERC) to construct the MVP Boost project. The application, dated 16:30 ET, seeks authorization to add compression at three existing compressor stations in West Virginia and to build a new compressor station in Virginia, thereby expanding the MVP Mainline’s capacity from its current 2 Bcf/d to 2.6 Bcf/d.

The MVP Boost expansion is part of a broader strategy to provide reliable, cost‑effective natural‑gas transport to the Mid‑Atlantic and southeastern United States. The joint venture partners include EQT Corporation (NYSE: EQT), Consolidated Edison, Inc. (NYSE: ED), AltaGas Ltd. (TSX: ALA), RGC Resources, Inc. (NASDAQ: RGCO), and NextEra Energy, Inc. (NYSE: NEE). The project is expected to begin construction in the winter of 2026‑2027, with a full in‑service date targeted for mid‑2028.

The expansion will be fully subscribed by investment‑grade utilities in North Carolina and Virginia through binding, long‑term contracts, ensuring reliable offtake. By increasing the pipeline’s capacity, the joint venture will support the growing demand for natural gas from industrial users, power generators, and local distribution companies, reinforcing NextEra’s position in the U.S. energy infrastructure market.

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