Dominion Energy and Duke Energy Cancel Atlantic Coast Pipeline

Dominion Energy and Duke Energy are canceling plans for an $8 billion natural gas pipeline that would have extended through West Virginia, Virginia, and North Carolina. In a joint statement, Thomas F. Farrell, II, Dominion Energy chairman, president, and chief executive officer, and Lynn J. Good, Duke Energy chair, president, and chief executive officer, said:

“We regret that we will be unable to complete the Atlantic Coast Pipeline. For almost six years we have worked diligently and invested billions of dollars to complete the project and deliver the much-needed infrastructure to our customers and communities. Throughout we have engaged extensively with and incorporated feedback from local communities, labor and industrial leaders, government and permitting agencies, environmental interests and social justice organizations. We express sincere appreciation for the tireless efforts and important contributions made by all who were involved in this essential project. This announcement reflects the increasing legal uncertainty that overhangs large-scale energy and industrial infrastructure development in the United States. Until these issues are resolved, the ability to satisfy the country’s energy needs will be significantly challenged.”

Because of legal challenges to state and federal permits, project costs increased from an original estimate of $5 billion in 2014 to $8 billion today. The project timeline would likely be delayed more than three years pushing estimates of commercial in-service  to an uncertain projected date of 2022.

Links

Dominion Energy and Duke Energy Joint News Release
Dominion Energy and Duke Energy cancel Atlantic Coast Pipeline | July 5, 2020 | Richmond, Va. and Charlotte, NC

Associated Press News Article
Duke, Dominion cancel contested Atlantic Coast Pipeline | by Sarah Rankin

Duke Energy News Release
Duke Energy Reaffirms Capital Investments in Renewables and Grid Projects to Deliver Cleaner Energy, Economic Growth | July 5, 2020 | Charlotte, NC

Downloads

Atlantic Coast pipeline One-Pager FAQs
The Road Ahead: An Update on the Atlantic Coast Pipeline | Duke Energy