Dominion Energy: Atlantic Coast Pipe Construction Restarts 3Q19

Dominion Energy, a huge (one of the biggest) gas and electric utilities (and power generator) in the U.S., as well as a major pipeline company, issued its first quarter 2019 update last week. Our main concern and focus with the update is what Dominion said about the 600-mile, $7-$7.5 billion Atlantic Coast Pipeline (ACP) project. Given the ongoing lawsuits by radical green groups that have delayed the project and skyrocketed costs, Dominion CEO Tom Farrell said “it’s been a very frustrating process,” but “we are winding our way through it…and we’re making progress.” Farrell still plans to restart construction of ACP (currently stopped thanks to lawsuits) in the third quarter of this year.

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