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NEWS ALERT : Dominion Pulls The Plug On Atlantic Coast Pipeline

[1]

Dominion Energy has canceled plans for the Atlantic Coast Pipeline. Sunday – July 5, 2020

Nelson County, Virginia

“Dominion Energy (NYSE: D) and Duke Energy (NYSE: DUK) today announced the cancelation of the Atlantic Coast Pipeline (“ACP”) due to ongoing delays and increasing cost uncertainty which threaten the economic viability of the project.”

 

According to a news release in Dominion Energy’s website Sunday afternoon, they have pulled the plug on the Atlantic Coast Pipeline.

The news, oddly, was released on a Sunday on a holiday weekend.

The Virginian Pilot reports here [2]

The Wall Street Journal picks up the story here [3]

According to a quote in the Virginia Pilot story [4], Dominion has sold their pipeline operations to Warren Buffet’s Berkshire Hathaway.

“Dominion wants to focus on its regulated electric and natural gas utilities and its push to net zero carbon emissions, chairman and chief executive officer Thomas Farrell said Sunday, announcing the $9.7 billion sale of the company’s gas pipeline operations to Warren Buffett’s Berkshire Hathaway investment company.”

 

Twitter is abuzz with discussion about the decision:

https://twitter.com/ButterFFect/status/1279870670894067712?s=20

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