What Happens to Leased Land for Now-Canceled Atlantic Coast Pipe?

ACP route through Virginia (click for larger version)

In July Dominion Energy announced it is throwing in the towel and canceling the 600-mile Atlantic Coast Pipeline (ACP) project that would have stretched from West Virginia to North Carolina. The company also announced it is selling its pipeline business to Warren Buffett (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Landowners along the pipeline’s route who signed leases to allow the pipeline across their property are now asking: What happens now? Are those leases terminated? Can someone else buy the leases and build a different pipeline?
Continue reading

Wealthy Va. Landowners Consider Next Moves Post-ACP Cancellation

Earlier this month Dominion Energy announced it is throwing in the towel and canceling the 600-mile Atlantic Coast Pipeline (ACP) project that would have stretched from West Virginia to North Carolina. The company also announced it is selling its pipeline business to Warren Buffett (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Uppity, wealthy Virginia landowners who didn’t want the pipeline buried under their horse pastures are still celebrating. Now that the hangovers have mostly cleared up, the uppity landowners are asking questions about what comes next. Can they sue Dominion to recoup legal costs in fighting the project? Can the legally-obtained easements against their properties for ACP be sold to someone else who wants to build a different pipeline?
Continue reading

Dominion Compressor Leak in PA Contaminates Local Water Supply

Potter County, PA

The Public Herald, an “independent” news organization, is reporting a leak of ethylene glycol (antifreeze) used as a coolant in Dominion Energy’s Stateline Compressor Station in Genesee (Potter County), PA has contaminated the water supplies for several nearby neighbors. The leak led to a small fish kill in a nearby pond. Dominion is aggressively investigating the situation, along with the Pennsylvania Dept. of Environmental Protection (DEP).
Continue reading

Buffett Out of Favor with Fellow Dems After Buying Dominion Pipes

Multi-billionaire Warren Buffett (with more money than God) is a darling of the Democrat left because he’s a Democrat and often $upports leftist causes. Buffett has even praised crazy Bernie Sanders for championing the little guy. Yet Buffett isn’t ready to give up capitalism the way most of the rest of his party advocates. When it comes to investing and making money, Buffett is betting big on fossil fuels. Less than two weeks ago Buffett finalized a deal to buy all of Dominion Energy’s natural gas pipeline business, including major assets in the Marcellus/Utica (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). The Dominion deal is making Buffett’s Democrat friends very unhappy.
Continue reading

North Carolina is Biggest Loser re Canceled Atlantic Coast Pipe

Some 12 days ago Dominion Energy announced it is throwing in the towel and canceling the 600-mile Atlantic Coast Pipeline (ACP) project that would have stretched from West Virginia to North Carolina. The company also announced it is selling its pipeline business to Warren Buffett (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). The cancelation of ACP is a major blow to Marcellus/Utica drillers, but it’s an even bigger blow and more impactful for another group…
Continue reading

Biggest Casualty in Canceling ACP is Stunted M-U Growth; MVP Helps

Brian Lego, research assistant professor in the West Virginia University (WVU) Bureau of Business and Economic Research, says while canceling the $8 billion Atlantic Coast Pipeline (ACP) project is a blow to WV because of lost jobs, the even bigger impact will be less new markets for Marcellus/Utica gas, meaning growth in M-U drilling will be stunted.
Continue reading

Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B

Dominion Energy has decided to exit the natural gas pipeline and storage business, selling off its vast network of pipelines in the Marcellus/Utica (and beyond) to Warren Buffett’s Berkshire Hathaway for $9.7 billion ($4 billion in cash, the rest in assumed debt). In a related announcement, Dominion said it is throwing in the towel and canceling the 600-mile Atlantic Coast Pipeline (ACP) project that would have stretched from West Virginia to North Carolina. We are in grieving. This is a tremendously sad day–not only for Marcellus/Utica drillers and landowners, but for the families of pipeline workers who will now remain out of high-paying jobs. You have the Sierra Club and other radicalized green groups to thank.
Continue reading

Atlantic Coast Pipeline Asks FERC for Extra 2 Years to Build

On Monday Dominion Energy’s 600-mile Atlantic Coast Pipeline (ACP) scored a major victory at the U.S. Supreme Court with a decision that allows the project to drill and install pipe underneath the Appalachian Trail (see Victory! Atlantic Coast Pipeline Wins US Supreme Court Case). Fighting the Appalachian Trail case plus other legal and regulatory battles have caused the project to be delayed–by years. On Monday ACP formally asked the Federal Energy Regulatory Commission (FERC) for permission to extend the deadline to get the project done by an extra two years–until October 2022. We expect FERC will honor the request.
Continue reading

Victory! Atlantic Coast Pipeline Wins US Supreme Court Case

We finally have a major court victory over the forces of anti-fossil fuel evil, so let’s sit back and soak in the warmth and sunshine of this moment. Yesterday the U.S. Supreme Court delivered a decision we expected, a decision that allows Dominion’s Atlantic Coast Pipeline (ACP), a 600-mile project from West Virginia through Virginia and into North Carolina, to cross under the Appalachian Trail. The decision is not only a victory for ACP, which is only about 6% built, but also a victory for the 303-mile Mountain Valley Pipeline, which is 92% built. MVP also needs to pass under the Trail.
Continue reading

Radicals Ask FERC to Redo Enviro Review for Atlantic Coast Pipe

A coalition of so-called environmental groups (leftist, very radical organizations) filed an official request with the Federal Energy Regulatory Commission (FERC) on Saturday calling on FERC to conduct a supplemental environmental impact statement (EIS) for a project that’s already been studied to death: Dominion Energy’s Atlantic Coast Pipeline (ACP). The once $5.5 billion project (now $8 billion because of delays caused by these nefarious groups) will run from West Virginia through Virginia and into North Carolina.
Continue reading

Dominion 1Q20 – Atlantic Coast Pipeline Update, Next Steps

Dominion Energy issued its first-quarter 2020 update yesterday showing the company had a paper loss (due to impairments) of $270 million in 1Q. Given the company wrote down $2.6 billion worth of assets, losing $270 million on paper seems pretty darned good. Dominion is a BIG company with lots of different businesses. It is a midstream/pipeline company, a power generation company, and a utility delivering power to end-users. Lots of fingers, lots of pies. The one thing we were looking for in this update is new info about the company’s 600-mile Atlantic Coast Pipeline (ACP) from the Marcellus/Utica to Virginia and North Carolina.
Continue reading

Virginia Passes New Law Aimed at Stopping Atlantic Coast Pipeline

A newly passed and signed-into-law bill in Virginia, House Bill (HB) 167, purportedly aims to “protect” electric consumers from shouldering the costs of new pipelines that would feed gas-fired power plants. What the bill actually does is remove freedom of choice for utility companies, driving up the cost of electricity in the Old Dominion. The bill does the opposite of what it says it will do. All in the name of trying to block Dominion Energy’s Atlantic Coast Pipeline (ACP) project. What a sorry state of affairs in a once-great state.
Continue reading

Dominion’s Net-Zero Emissions in Va. Does NOT Mean Fossil-Free

A recent column appearing in a Virginia newspaper shares what it believes is a revelation: When big energy/utility companies like Dominion Energy say they will achieve “net-zero carbon emissions,” they don’t mean they will stop using fossil fuels to create energy. Not by a long-shot. What “zero carbon” or “net-zero carbon” means is that all carbon dioxide (generated when burning natural gas to generate electricity, for example) is captured and used for something else. CO2 is not released into the atmosphere. Even though companies like Dominion are able to capture and reuse CO2, and prevent methane from leaking, it’s STILL not good enough for those who irrationally hate fossil fuels.
Continue reading

Dominion Energy Buys 50% Stake in Jacksonville LNG

Last May MDN told you about JAX LNG in Jacksonville, Florida–a joint project between Pivotal LNG (a subsidiary of Southern Company Gas) and NorthStar Midstream (a pipeline company in the Bakken Shale), touted as the “first” small-scale LNG plant to be located along the shoreline, allowing it to fuel up LNG ships–ships that use LNG as fuel, instead of diesel–and also allowing the LNG to be loaded onto trucks and trains for transportation to power plants and industrial/commercial operators (see First US “Small-Scale” LNG Facility Launches in Jacksonville, FL). Last week Dominion Energy bought Pivotal from Southern, and along with it Pivotal’s 50% stake in JAX LNG (and 100% ownership of another LNG facility in Alabama). Yes, there is potentially a tie-in with the Marcellus/Utica.
Continue reading

Court Victory for Atlantic Coast Pipe Against Nelson County, VA

The 600-mile Dominion Energy Atlantic Coast Pipeline (ACP) project has completed about 35 miles of the project and that’s it. Why? Lawsuits, brought by Big Green groups. The biggest challenge the project faces is a lawsuit that ruled ACP could not cross under the Appalachian Trail. Dominion appealed the decision to the U.S. Supreme Court where it now sits. By all accounts, the recent oral arguments before the Supremes went well for ACP (see Atlantic Coast Pipeline had Very Good Day in US Supreme Court). Although the Supreme Court case is the biggest obstacle, there are other, smaller cases ACP still must overcome.
Continue reading

Atlantic Coast Pipeline had Very Good Day in US Supreme Court

Yesterday the Atlantic Coast Pipeline (ACP) had its day in U.S. Supreme Court–and by all appearances, it was a very good day indeed. The right of the pipeline to cross the Appalachian Trail is the issue under consideration. In a case brought by environmentalist wackos, the U.S. Court of Appeals for the Fourth Circuit ruled a permit granted by the U.S. Forest Service (USFS) is invalid because the U.S. Park Service manages the trail and according to law, USFS does not have jurisdiction over “lands” owned/managed by the Park Service. In practice such a ruling, if upheld, creates a thousand-mile long barrier across which no pipeline can cross. All of the articles we read about yesterday’s oral arguments before the Supremes indicate a likely decision in favor of the pipeline and against the wackos.
Continue reading