Dominion Energy Exits Natural Gas Pipeline & Storage Business - GoHaynesvilleShale.com2024-03-29T05:42:17Zhttps://gohaynesvilleshale.com/forum/topics/domion-energy-exits-natural-gas-pipeline-storage-business?commentId=2117179%3AComment%3A3913790&xg_source=activity&feed=yes&xn_auth=noI just added some interesting…tag:gohaynesvilleshale.com,2020-07-07:2117179:Comment:39138072020-07-07T12:07:25.726ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>I just added some interesting context to the Dominion decision in the other thread that should be part of the discussion beyond political leadership. I think that market forces, not politics, speak to the real reason for the abandonment by Dominion, not only of the proposed Atlantic Coast Pipeline but of all their natural gas related infrastructure and investments.</p>
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<p>I just added some interesting context to the Dominion decision in the other thread that should be part of the discussion beyond political leadership. I think that market forces, not politics, speak to the real reason for the abandonment by Dominion, not only of the proposed Atlantic Coast Pipeline but of all their natural gas related infrastructure and investments.</p>
<p></p> I just posted to the thread…tag:gohaynesvilleshale.com,2020-07-07:2117179:Comment:39137902020-07-07T03:47:35.001ZSteve Phttps://gohaynesvilleshale.com/profile/StevePorter
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<li>I just posted to the thread regarding BH buying Dominion’s NG pipeline infrastructure. But, I also just read an article in today’s Washington Post, that says Dominion’s decision to abandon the NG pipeline was heavily influenced by the fact that Dominion is a VA company, and the fact that the Democrats have basically taken control of the state government, so Dominion is shifting its positions to be more in line with the Democrat leadership of the State. Now, I’m wondering which is…</li>
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<li>I just posted to the thread regarding BH buying Dominion’s NG pipeline infrastructure. But, I also just read an article in today’s Washington Post, that says Dominion’s decision to abandon the NG pipeline was heavily influenced by the fact that Dominion is a VA company, and the fact that the Democrats have basically taken control of the state government, so Dominion is shifting its positions to be more in line with the Democrat leadership of the State. Now, I’m wondering which is worse - abandoning a major project due to the difficulties of dealing with the federal government, or abandoning it because of a change of political leadership.</li>
</ul> Energy companies abandon long…tag:gohaynesvilleshale.com,2020-07-05:2117179:Comment:39133532020-07-05T20:27:01.959ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<h1>Energy companies abandon long-delayed Atlantic Coast Pipeline</h1>
<p>By <a href="https://www.washingtonpost.com/people/erin-cox/">Erin Cox</a> July 5, 2020 at 3:10 p.m. CDT washingtonpost.com</p>
<p><em>This is a developing story. It will be updated.</em></p>
<p>The two energy companies behind the controversial, 600-mile Atlantic Coast Pipeline abandoned their six-year bid to build it on Sunday, saying the project has become too costly and the regulatory environment too uncertain to…</p>
<h1>Energy companies abandon long-delayed Atlantic Coast Pipeline</h1>
<p>By <a href="https://www.washingtonpost.com/people/erin-cox/">Erin Cox</a> July 5, 2020 at 3:10 p.m. CDT washingtonpost.com</p>
<p><em>This is a developing story. It will be updated.</em></p>
<p>The two energy companies behind the controversial, 600-mile Atlantic Coast Pipeline abandoned their six-year bid to build it on Sunday, saying the project has become too costly and the regulatory environment too uncertain to justify further investment.</p>
<p>The natural-gas pipeline would have <a href="https://www.washingtonpost.com/local/virginia-politics/us-supreme-court-to-decide-winner-in-case-of-gas-pipeline-vs-appalachian-trail/2020/02/23/d3ead098-5334-11ea-929a-64efa7482a77_story.html?itid=lk_inline_manual_4">traversed the Appalachian Trail</a> on its way from West Virginia through Virginia and into North Carolina. It drew national attention — and opposition — from environmentalists.</p>
<p>Virginia-based Dominion Energy and North Carolina-based Duke Energy spent years fighting regulatory battles that went all the way to the <a href="https://www.washingtonpost.com/politics/courts_law/supreme-court-removes-major-obstacle-to-atlantic-coast-pipeline-a-long-delayed-project-crossing-central-virginia/2020/06/15/d0f6529c-ab52-11ea-9063-e69bd6520940_story.html?itid=lk_inline_manual_5">Supreme Court</a>, which ruled favorably for the companies last month.</p>
<p>But company officials said in a statement that other recent federal court rulings have heightened the litigation risk, extended the project’s timeline and further balloned the cost of the project, which already risen from an estimated $5 billion in 2014 to $8 billion today.</p>
<p>“This announcement reflects the increasing legal uncertainty that overhangs large-scale energy and industrial infrastructure development in the United States,” Dominion chief executive Thomas F. Farrell II and Duke Energy chief executive Lynn J. Good said in a joint statement. “Until these issues are resolved, the ability to satisfy the country’s energy needs will be significantly challenged.”</p>