New Line has cast Erica Durance (“Smallville”) and Eric Lively (“The L Word”) in its sequel “The Butterfly Effect 2.”Filmengine and Benderspink are producing on “Butterfly Effect 2,” which begins production today. Pic, which isn’t bringing back characters from the original, also stars Dustin Milligan (“In the Land of Women”). Story will follow a time-traveling character who discovers that changes to past events carry unforeseen consequences in the present. John Leonetti is directing a script by Michael Weiss. Filmengine’s A.J. Dix and Anthony Rhulen are producing along with Benderspink’s Chris Bender and J.C. Spink while William Shively exec produces. “The Butterfly Effect” grossed $58 million domestic when it was released in early 2004.