Dominion Renames/Rebrands Itself as Dominion Energy
Midstream and utility giant Dominion has ~26,400 megawatts of power generation, 14,600 miles of natural gas transmission/gathering/storage pipelines, and some 6,600 miles of electric-transmission lines. They are “a producer and transporter of energy.” Dominion, whose official name (on paper) is Dominion Resources, Inc., has decided to change its name. The new name will be Dominion Energy, Inc. Why? “In recognition of its focus on the evolving energy marketplace and to unify its brand following last year’s merger with Questar Corporation.” In addition to a new name comes (of course) a new logo…
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Midstream and utility giant Dominion issued their fourth quarter and full year 2016 update yesterday. Just to give you an idea of the depth and breadth of the company, Dominion has ~26,000 megawatts of power generation, 14,400 miles of natural gas transmission, gathering and storage pipeline, and some 6,500 miles of electric-transmission lines. They are “a producer and transporter of energy.” Among the key projects we keep an eye one: the Cove Point, Maryland LNG export facility (under construction), the Greensville Power Station (under construction), and the Atlantic Coast Pipeline (soon to be under construction). The numbers are looking good. Revenue for Dominion in 4Q16 was $457 million, up $100 from 4Q15. Full year revenues were $2.1 billion, up from $1.9 billion in 2015. Below we have yesterday’s update, along with select portions of a conference call by Dominion’s muckety mucks and their comments about projects like Cove Point and Atlantic Coast Pipeline…
Can you smell it? We sure can. It’s called hope. Not even a full week in the new Trump Administration, hope can be found everywhere. Liberal Democrats still aren’t sure what hit them. Let us help. It’s competence. It’s someone who gives a damn about the average American. It’s someone who believes the country, as it was founded, is the best country in the world. Donald J. Trump. He’s blown into Washington, DC like a hurricane and things are changing so fast most of us can’t keep up. Case in point: On Tuesday, Trump’s second full day on the job (last Friday and the weekend don’t count), Trump signed an Executive Order “Expediting Environmental Reviews and Approvals For High Priority Infrastructure Projects.” What are ‘high priority infrastructure projects’? A document has leaked, originally compiled by Trump’s transition team, of 50 ‘Emergency & National Security Projects’ that are infrastructure projects–projects the Trump Administration believes should be worked on immediately. Project #20 in the list is Dominion’s Atlantic Coast Pipeline (ACP), a $5 billion, 594-mile natural gas pipeline that will stretch from West Virginia through Virginia and into North Carolina. Number 20! How cool is that? No, this doesn’t mean Trump can simply order it approved like some sovereign or tinpot dictator. Our rules and laws must be followed. What it does mean is that the Federal Energy Regulatory Commission (FERC) will now receive enormous pressure to quit dragging its feet and to “fast track” the review for ACP. It means hope on now on the horizon…
A former U.S. Steel pipe manufacturing plant near Pittsburgh (in McKeesport) has been leased to Dura-Bond Industries and will re-open in the next 6-9 months, according to the president of Dura-Bond. The plant will hire around 100 people (fantastic news for Pittsburgh). According to the Pittsburgh Business Times, Dominion’s $5 billion, 594-mile Atlantic Coast Pipeline–a natural gas pipeline that will stretch from West Virginia through Virginia and into North Carolina–will use Dura-Bond pipe. Our conclusion: One of the reasons (perhaps THE reason) for the McKeesport facility re-opening is to produce Atlantic Coast Pipeline pipes…
The anti-fossil fuel nutters in New York have finally lost a major battle they’ve waged against the shale industry for the past 5+ years. In June 2014, MDN told you about the Dominion New Market Project–a project that will build two new compressor plants and upgrade one other compressor station in upstate New York–to help flow more abundant, cheap and clean-burning Marcellus Shale gas from Pennsylvania (and beyond) into the northeast (see 
In October 2014 Dominion announced they had officially broken ground on the Cove Point LNG export plant, a project that will inject between $3.4 and $3.8 billion in Calvert County, Maryland and pump upward of 1.8 billion cubic feet per day of cheap, abundant Marcellus and Utica Shale gas (see 
As MDN reported last week, area residents packed a small meeting hall in Buckingham County, VA for a five-hour marathon session to express their concerns about building a new compressor station in the county for the upcoming Atlantic Coast Pipeline (see 
As MDN reported earlier this week, on the last business day of 2016 the Federal Energy Regulatory Commission (FERC) issued a favorable draft (not final, but draft) environmental impact statement (EIS) for the $5 billion, 594-mile Dominion Atlantic Coast Pipeline project (see 
In August of 2016 the Federal Energy Regulatory Commission (FERC) finally granted a certificate to Dominion to build its Leidy South Project, a $210 million to build and/or upgrade six compressor stations along the DTI pipeline system in Pennsylvania, Maryland and Virginia (see 
On the last business day of 2016, the Federal Energy Regulatory Commission (FERC) issued a favorable final environmental impact statement (EIS) for the Williams Atlantic Sunrise Pipeline (see today’s companion story). Not to be confused with that project, also on the last business day of the year, FERC issued a favorable draft (not final, but draft) EIS for the $5 billion, 594-mile Dominion Atlantic Coast Pipeline project. This is a huge milestone and an indication that FERC will later issue a favorable final EIS, and then a certificate to allow the project to get built. FERC cautioned there is still more work to be done by Dominion to complete field surveys and submit proposals on certain issues that need to get resolved. However, the draft EIS says based on what they see so far, FERC has confidence that Dominion can minimize damage to the environment in building the pipeline. Of course the childish antis came out of the woodwork to begin bleating and blatting, as they so often do, that they pipeline will kill everyone and everything in its path. Typical…
The litigious and environmentally radical Sierra Club, backed by Big Green money from billionaires like Tom Steyer, is attempting to block two important pipeline projects in the Marcellus: Dominion’s $5 billion, 594-mile Atlantic Coast Pipeline (ACP), a natural gas pipeline that will stretch from West Virginia through Virginia and into North Carolina; and DTE Energy/Spectra Energy’s NEXUS Pipeline, a $2 billion, 255-mile interstate pipeline that will run from Ohio through Michigan and eventually to the Dawn Hub in Ontario, Canada. It’s no secret groups like the Sierra Club have tried to stop such projects. But their latest strategy in opposing these two projects is worthy of examination. The Clubbers are claiming that ACP and NEXUS have an unfair competitive advantage over alternative energy sources, like wind and solar, and therefore should be stopped. That is, the Sierra Club is attempting to use U.S. antitrust laws dating back to the late 1800s in an attempt to claim these pipelines are anti-competitive and therefore should be canceled. Talk about chutzpah…
Calling all vendors (i.e. supply chain companies) and workers who want a piece of the action in building the Dominion’s $5 billion, 594-mile Atlantic Coast Pipeline–a natural gas pipeline that will stretch from West Virginia through Virginia and into North Carolina. Dominion is currently holding in-person “construction expos,” as well as hosting an online form for those where those with an interest in selling to or working for the project can register that interest. Yesterday Dominion held a construction expo in Bridgeport, WV. Today they’re holding one in Elkins, WV. And over the next week or so they will hold more construction expos–across Virginia and even in North Carolina. Dominion is looking for suppliers for things like gravel and concrete, vehicles, construction supplies, welding and more. Here’s the low-down on how you can sign up to help build the Atlantic Coast Pipeline…
Pipelines are the safest form of transportation on the planet–bar none. Everyone knows it. But anti-fossil fuel radicals attempt to lie about the safety of pipelines in an attempt to get projects canceled–a tactic in their war on fossil fuels. They know as well as anyone that pipelines are perfectly safe, so they lie about safety to try and stop projects. Like the $3.5 billion Mountain Valley Pipeline and the $5 billion Atlantic Coast Pipeline–both critically important projects in the Marcellus/Utica. Note their language in opposing such projects. The aim is not to re-route the projects, but to kill them altogether. There is no reasoning with un-reasonable people like those who are members of the Allegheny-Blue Ridge Alliance, a small group of anti-fossil fuel radicals…