February 11, 2019 Read More →

Need for Atlantic Pipeline falls

Public News Service:

CHARLESTON, W.Va. — The demand the huge Atlantic Coast Pipeline was intended to meet is disappearing, according to documents from the corporations behind the project. 

Dominion and Duke Energy own almost all of the pipeline, as well as the electric utilities it would supply with natural gas. When applying for a federal permit, they argued it was needed to meet rising electricity demand in North Carolina and coastal Virginia. 

But Cathy Kunkel, an energy analyst with the Institute for Energy Economics and Financial Analysis, said utility filings in those states now show the outlook has changed dramatically – in part because of competition from cheap, renewable energy.

“Dominion is not projecting any increase in natural-gas demand until 2032,” Kunkel said. “Duke is still planning to build some natural-gas plants, but most of that has shifted to the late 2020s.”

Public News Service: Need for Atlantic Pipeline falls

Posted in: IEEFA In the News

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