Atlantic Coast Pipeline

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 U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

IEEFA U.S.: Duke IRPs focus on new gas-fired generation, creating serious stranded-asset risks

Combined-cycle plants would be forced to retire well before end of operating life to meet 2050 net-zero goal

January 26, 2021 (IEEFA) — A pair of integrated resource plans (IRPs) for Duke Energy’s two North Carolina utilities rely heavily on the construction of gas-fired power plants that would have to be retired long before the end of their life span, according to a new report by the Institute for Energy Economics and Financial […]

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers

December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

Eleven PJM projects under development may fail to prove financially viable

October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

Declining demand and more affordable renewables raise new questions about viability

January 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]

Two Pipeline Expansion Projects in Appalachia Indicate a Rush Toward Overbuilding

Two Pipeline Expansion Projects in Appalachia Indicate a Rush Toward Overbuilding

Mountain Valley and Atlantic Coast Pipelines Pose Risk to Ratepayers, Communities, and Investors

We’ve published a report today that concludes that two natural gas pipelines proposed for construction from West Virginia into Virginia and North Carolina are indicative of a rush toward industry overbuilding. The study, “Risks Associated With Natural Gas Pipeline Expansion Across Appalachia,” examines the proposed Mountain Valley Pipeline, which would traverse West Virginia into eastern […]

April 27, 2016 Read More →

More News and Commentary

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 →

Appeals court tosses permit, further slowing Dominion’s delayed Atlantic Coast Pipeline

WVIR: A federal judge has thrown out a permit needed to build a natural gas compressor station in Buckingham County. The ruling from a three-judge panel of the Fourth Circuit Court of Appeals is a victory for opponents of the proposed Atlantic Coast Pipeline (ACP). The community of Union Hill has been fighting to appeal […]

January 8, 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 →

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 […]

November 15, 2019 Read More →

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 […]

October 23, 2019 Read More →

Court ruling puts another roadblock in front of troubled Atlantic Coast Pipeline

Associated Press: A federal appeals court on Monday denied a request to reconsider a ruling throwing out a permit for the Atlantic Coast Pipeline to cross two national forests, including parts of the Appalachian Trail. The 4th U.S. Circuit Court of Appeals rejected a request from lead pipeline developer Dominion Energy and the U.S. Forest […]

February 26, 2019 Read More →

More problems for troubled Atlantic Coast Pipeline

Rocky Mount Telegram: A planned interstate natural gas pipeline through Nash County may have run its course before any fuel has flowed. In a case of bad news coming in threes, the Atlantic Coast Pipeline recently has been downgraded as an investment, taken the brunt of a scathing environmental report and got trounced in a […]

February 19, 2019 Read More →