Dominion Resources

IEEFA Research

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

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

IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market
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IEEFA U.S.: Financial rationale for Mountain Valley Pipeline has evaporated in changing market

Falling demand, legal and regulatory challenges spell financial peril for pipeline project

March 8, 2021 (IEEFA) — A 303-mile pipeline that would move natural gas from the Appalachian Basin to markets in the eastern and southern U.S. is in financial jeopardy because of reduced demand projections and legal challenges, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The Mountain […]

Dominion to trade coal for gas at its South Carolina utility

The Post and Courier: Dominion Energy South Carolina now says it can retire coal-fired power generation by 2030, a significant reversal from plans released by the utility just last year. Dominion’s new 15-year plan said shuttering two coal plants and converting a third to natural gas is the best option by multiple measures. Natural gas […]

February 24, 2021 Read More →

Atlantic Coast, Keystone XL, Dakota Access — for pipeline companies, winning ain’t what it used to be

Project cancellations highlight larger stressors in the oil and gas industry

If you are a pipeline developer, landmark court victories just aren’t what they used to be. Dominion Energy and Duke Energy announced on Sunday that they are canceling their proposed Atlantic Coast Pipeline just 20 days after they won a 7-2 decision in the U.S. Supreme Court authorizing them to build the pipeline underneath the Appalachian Trail. […]

ESG issues played key role in Dominion’s decision to get out of the gas business—CEO

S&P Global Market Intelligence ($): Dominion Energy Inc. pointed to the growing importance of environmental, social and governance practices as one of the “key considerations” in weighing the sale of its midstream gas assets and narrowing its focus on cleaner energy resources. Dominion announced the sale of its natural gas transmission and storage business to […]

July 13, 2020 Read More →

Gas pipeline setbacks pushing U.S. utilities to embrace renewables, analysts say

Greentech Media: Legal challenges halted several major pipeline projects across the U.S. in recent days, underscoring a seismic shift facing the U.S. utility industry: the rise of renewables as a potentially less costly and risky alternative to fossil fuels. Over the weekend Dominion Energy and Duke Energy, two of the country’s biggest utilities, canceled their Atlantic […]

July 7, 2020 Read More →

Southeast utilities cancel Atlantic Coast Pipeline, Dominion also selling gas business

Bloomberg: One of the largest utilities in America is starting to turn its back on natural gas. Dominion Energy said Sunday that it’s selling substantially all of its natural gas pipeline and storage assets to Berkshire Hathaway Inc. for $4 billion, along with Berkshire’s assumption of $5.7 billion in debt. In a separate statement, the […]

July 6, 2020 Read More →

Court decision likely to prompt additional delays for Atlantic Coast, Mountain Valley pipeline projects

Reuters: The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said. The Trump administration has pressed ahead with new pipeline construction, but several projects have been stalled by successful legal challenges saying the administration is not applying […]

June 1, 2020 Read More →

Cancellation of Constitution pipeline a troubling sign for other projects, analysts say

S&P Global Market Intelligence ($): The cancellation of a proposed natural gas pipeline into New York may be a sign of challenges ahead for other projects, both at the grassroots level and in Washington, D.C., according to energy analysts. Anti-fossil-fuel activists have grown more successful in recent years, but Williams Cos. Inc.’s move to scrap […]

February 26, 2020 Read More →

Cost of Dominion’s delayed Atlantic Coast Pipeline rises to $8 billion

Platts: Southern Company is out as an equity partner in the Atlantic Coast Pipeline after majority owner Dominion Energy agreed to buy its stake, amid ballooning costs and legal challenges that have stalled the 1.5 Bcf/d US Northeast natural gas project. Dominion disclosed the new ownership structure Tuesday as it released financial results for the […]

February 12, 2020 Read More →

Uncertainty, delay continue for Dominion’s Atlantic Coast gas pipeline

Reuters: Dominion Energy Inc said on Monday it was confident it will complete the proposed $7.3-$7.8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina by early 2022, in response to a prediction by investment bank Morgan Stanley that a court decision would likely scuttle the project. “We remain committed to completing […]

December 17, 2019 Read More →