Supplemental Materials Regarding Property Values, Mortgages, and Insurance of Mountain Valley Pipeline LLC under CP16-10.

625 Liberty Avenue, Suite 1700 | Pittsburgh, PA 15222 844-MVP-TALK | mail@mountainvalleypipeline.info www.mountainvalleypipeline.info February 29, 2016 Ms. Kimberly D. Bose, Secretary Federal Energy Regulatory Commission 888 First Street NE Washington, DC 20426 Re: Mountain Valley Pipeline, LLC Docket No. CP16-10-000 Supplemental Materials Regarding Property Values, Mortgages, and Insurance Dear Ms. Bose: On October 23, 2015, Mountain Valley Pipeline, LLC (Mountain Valley) filed a certificate application (Application) with the Federal Energy Regulatory Commission (Commission) for the Mountain Valley Pipeline Project (Project) in Docket No. CP16-10-000. As part of its Application, Mountain Valley addressed public comments about the potential impact of the Project on property values, mortgages, and insurance. In Section 5.3.4 of Resource Report 5, Mountain Valley cited and discussed four studies, all of which concluded there is no long-term correlation between a loss of property value and the existence of a natural gas transmission pipeline. The Interstate Natural Gas Association of America Foundation (INGAA) commissioned one of the studies Mountain Valley cited in its Application. INGAAs national case study, which was conducted in 2001, concluded there was not a significant impact on the sales price of properties located along natural gas pipelines and the presence of a pipeline did not impede the development of surrounding properties. In addition, in Section 5.3.5 of Resource Report 5, Mountain Valley discussed the Commissions prior findings and research regarding mortgages and insurance as well as Mountain Valleys additional informal research on these topics. INGAA recently commissioned a follow-up study that reaches the same conclusions as its prior study. A copy of the new study, entitled Pipeline Impact to Property Value and Property Insurability, conducted by Integra Realty Resources on behalf of INGAA (2016 INGAA Study), is attached. The 2016 INGAA Study compares approximately 200 sales transactions in five communities in Ohio, New Jersey, Virginia, and Mississippi. The 2016 Property Value Study determined there is no measurable impact on the sales price of properties located along or in proximity to a natural gas pipeline versus properties which are not located along or in proximity to the same pipeline. The 2016 INGAA Study also addresses issues related to mortgages and insurance. The 2016 INGAA Study finds that buyers purchasing homes along pipeline easements in each area studied were able to obtain conventional, Federal Housing Administration, and Veterans Affairs loans, which indicates that a presence of a natural gas pipeline had no effect on Ms. Kimberly D. Bose February 29, 2016 Page 2 of 2 obtaining a mortgage. Further, the 2016 INGAA Study finds, through interviews ...