This victory comes as an enormous relief to people all along the more than 600 miles of pipeline route through West Virginia, Virginia, and North Carolina.
A new briefing for Dominion Energy investors by Oil Change International & Friends of the Earth U.S. breaks down some of the major challenges to the completion of the Atlantic Coast Pipeline, which faces significant financial, legal, and regulatory hurdles.
The ACP is facing a triple threat of challenges that combine to present serious obstacles for the project to reach completion, which are are likely to further delay construction and raise the project’s price tag even higher. It would be prudent for investors to question whether pursuing the project further is a wise use of capital.
Following the release of our report on how proposed gas pipelines will fleece ratepayers, Dominion Energy in particular trotted out some tired old talking points. Even when these were fresh they didn’t stand up to scrutiny.
The Federal Energy Regulatory Commission (FERC) today released its Final Environmental Impact Statement for the Atlantic Coast Pipeline, a 600-mile project driven by Dominion Energy and Duke Energy that would carry fracked gas from West Virginia through Virginia and North Carolina.