Dominion Resources

IEEFA Research

Report- Dark Days Ahead: Financial Factors Cloud Future Profitability at Dominion’s Brayton Point

Report- Dark Days Ahead: Financial Factors Cloud Future Profitability at Dominion’s Brayton Point

Dark Days Ahead: Financial Factors Cloud Future Profitability at Dominion’s Brayton Point (pdf).      

March 1, 2013 Read More →

More News and Commentary

FERC orders construction halt at Atlantic Coast Pipeline

WV Public Broadcasting: Federal regulators halted all construction of the 604-mile, interstate Atlantic Coast Pipeline (ACP) following a federal court’s ruling this week that invalidated two major federal permits. The Friday evening decision comes just a week after regulators issued a similar stop work order for another major interstate natural gas project, the Mountain Valley […]

August 13, 2018 Read More →

Dominion Review Not Good News For Its Older Coal Plants

Associated Press: Dominion Energy plans to place nine of its older, inefficient and rarely used power-generating units across Virginia into a dormant status, the company announced Wednesday. The change is among dozens being implemented after a months-long review of the company’s power generation group, Paul Koonce, president and CEO of that division, said in an […]

January 18, 2018 Read More →

Dominion SCANA Deal Begs Question: What’s Next For Santee Cooper?

The Post and Courier: Dominion Energy delivered a blockbuster offer to buy SCANA Corp. on Wednesday in the wake of South Carolina’s failed nuclear project, pitching a $14.6 billion deal that would be among the largest in state history. The offer from the Virginia-based utility giant, which SCANA has accepted, vowed to deliver lower electric […]

January 5, 2018 Read More →

Merger Deal Between Dominion and SCANA Would Write Off $1.7 Billion for Failed Nuclear Plant

Utility Dive: Dive Brief: Dominion Energy and SCANA Corp. have agreed to an all-stock merger that company officials say will lower customer rates and help unwind financial obligations related to the abandoned V.C. Summer nuclear project.  SCANA shareholders would receive 0.669 shares of Dominion stock for every share of SCANA — or $55.35/share, a 28% premium on Tuesday’s closing […]

January 3, 2018 Read More →
IEEFA Update: Atlantic Coast Pipeline Risk Is Being Borne Not by Dominion and Duke, but by Their Customers

IEEFA Update: Atlantic Coast Pipeline Risk Is Being Borne Not by Dominion and Duke, but by Their Customers

Little Potential Corporate Loss on a Superfluous Project

Dominion Resources and Duke Energy say they need to build the Atlantic Coast Pipeline to meet rapidly growing demand for natural gas. But will the market really grow in the way that these utilities say that it will? The pipeline, announced in 2014 as a joint venture between Dominion, Duke, Piedmont Natural Gas and AGL […]

September 8, 2017 Read More →

Questions Remain on Dominion’s Proposed Pipeline

Washington Post: FERC has a history of approving most of the pipeline projects it reviews. It doesn’t delve too deeply into the economic viability of the projects, relying instead on whether customers have signed up to use the new pipelines. “There is no planning process. They [FERC] are less interested in the issue of need,” […]

September 2, 2017 Read More →

Dominion Energy Makes a Play for Big Renewables Customers in North Carolina and Virginia

Utility Dive: Dominion is moving ahead with development of a clean-energy option for large customers, as it seeks more renewables on its system. In Virginia, the utility wants to reach 15% renewable energy by 2025; in North Carolina, the utility is targeting 12.5% by 2021. The targets would put Dominion on track to meet the […]

July 26, 2017 Read More →
Press release: NRG’s troubled Huntley coal-fired power plant in Western NY appears “headed for retirement”

Press release: NRG’s troubled Huntley coal-fired power plant in Western NY appears “headed for retirement”

Report Outlines Options for Community to Adjust for Loss of 70 Jobs, 6 Percent of Local School Financing; Low Natural Gas Prices, Increased Efficiency Among Factors Behind Average $1 Million Annual Loss. BUFFALO, NY- NRG’s Huntley coal-fired power plant in Tonawanda, New York, just outside of Buffalo, is experiencing average annual pre-tax earnings of a […]

January 28, 2014 Read More →
Press release: Connecticut’s last coal-fired power plant is in critical financial condition, community needs to plan for transition

Press release: Connecticut’s last coal-fired power plant is in critical financial condition, community needs to plan for transition

Report Finds Handwriting May Already Be On the Wall for 45-Year-Old Coal Plant Whose Pre-Tax Earnings “Fell off the Cliff” in 2009 and Are Unlikely to Recover to the High Pre-2009 Levels; Lower Natural Gas Prices, Lower Energy Market Prices & Other Trends Too Much to Overcome. HARTFORD, CT– A new financial analysis report cautions […]

January 23, 2014 Read More →
Brayton Point coal plant in Massachusetts to close in 2017

Brayton Point coal plant in Massachusetts to close in 2017

“The Brayton Point coal-fired plant in Bristol County, Mass., will be retired in May 2017, owner Energy Capital Partners LLC said Oct. 7, a little over a month after the private equity firm closed on the purchase of the plant from previous owner Dominion Resources Inc…. ‘I would think plants looking at major environmental upgrades […]

October 9, 2013 Read More →