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).
You are here: Home » Companies and Agencies » Dominion Resources
Dominion Resources
IEEFA Research
More News and Commentary
Larry Shapiro
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. […]
IEEFA
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 […]
IEEFA
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 […]
IEEFA
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 $5.7 billion in debt. In a separate statement, the […]
IEEFA
Court decision likely to prompt additional delays for Atlantic Coast, Mountain Valley pipeline projects
Reuters: The two biggest U.S. natural gas pipelines under construction are likely facing more delays after an appeals court ruling against the Army Corps of Engineers, energy analysts said. The Trump administration has pressed ahead with new pipeline construction, but several projects have been stalled by successful legal challenges saying the administration is not applying […]
IEEFA
Cancellation of Constitution pipeline a troubling sign for other projects, analysts say
S&P Global Market Intelligence ($): 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 […]
IEEFA
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 […]
IEEFA
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-$7.8 billion Atlantic Coast natural gas pipeline from West Virginia to North Carolina by early 2022, in response to a prediction by investment bank Morgan Stanley that a court decision would likely scuttle the project. “We remain committed to completing […]
IEEFA
Cost overruns pose new concerns for Dominion’s long-delayed Atlantic Coast Pipeline
S&P Global Market Intelligence ($): Already estimated to be more than three years behind schedule and billions of dollars over an original budget for the 1.5-Bcf/d Atlantic Coast natural gas pipeline project, Dominion Energy Inc.’s Atlantic Coast Pipeline LLC faces the critical task of resolving cost-sharing arrangements with its shippers. Those talks, referenced during Dominion’s […]
IEEFA
More delays, cost increases for two East Coast natural gas pipelines
The Roanoke Times: The projected cost of building the Mountain Valley Pipeline has gone up by another half a billion dollars. And the expected completion date, most recently slated for mid-2020, has been pushed back to the end of that year. In an announcement Tuesday, Mountain Valley attributed the latest delay and revised cost estimate […]
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 itOct. 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 […]