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

SC regulators approve new Dominion IRP to retire coal plants, push renewables

Utility Dive: South Carolina’s PSC issued its order accepting Dominion’s modified 2020 IRP on June 18. That was a reversal from its December vote, when the commission faulted Dominion’s IRP for failing to include any renewable energy additions before 2026, and for not including a demand-side management resource option as well. The commission, in its […]

June 29, 2021 Read More →

South Carolina regulators reject Duke Energy IRP, boosting renewables

E&E News ($): South Carolina energy regulators rejected Duke Energy Corp.’s long-term electricity plan Thursday, an unusual rebuke that could push one of the biggest U.S. utility companies to add more solar and battery storage to the grid. Meanwhile, some North Carolina Democratic lawmakers, clean energy advocates and consumer groups pushed back against a wide-ranging […]

June 22, 2021 Read More →

Delays and costs rise again at troubled Vogtle Nuclear Plant

Wall Street Journal ($):  The only nuclear-power plant under construction in the U.S. is facing delays and additional costs. Again. Earlier this week, an engineering expert working for the Georgia Public Service Commission testified that the startup of the Alvin W. Vogtle Electric Generating Plant would likely be delayed until the summer of 2022 and […]

June 9, 2021 Read More →

Biden offshore wind plans meet stiff headwinds for major expansion

New York Times ($):  A constellation of 5,400 offshore wind turbines meet a growing portion of Europe’s energy needs. The United States has exactly seven. With more than 90,000 miles of coastline, the country has plenty of places to plunk down turbines. But legal, environmental and economic obstacles and even vanity have stood in the […]

June 8, 2021 Read More →

Investors pouring $3 billion daily into environmental funds

Wall Street Journal ($): Some of the world’s biggest companies and deepest-pocketed investors are lining up trillions of dollars to finance a shift away from fossil fuels. Assets in investment funds focused partly on the environment reached almost $2 trillion globally in the first quarter, more than tripling in three years. Investors are putting $3 […]

May 24, 2021 Read More →

Carbon-burning power plants launching despite net-zero promises

Bloomberg ($): The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural gas plants already spews more than 7.5 million metric tons of carbon dioxide-equivalent every year. Now it’s about to get even bigger, with […]

May 24, 2021 Read More →

Mountain Valley extension rejected again by N.C. regulators

The Roanoke Times: For the second time, environmental regulators in North Carolina have rejected a proposed extension of the Mountain Valley Pipeline into their state. The decision Thursday by the Department of Environmental Quality came less than two months after a federal appeals court sent the case back for additional review, ruling that the department […]

April 30, 2021 Read More →
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. […]