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Dominion Urges Investors to Reject Latest “Mini-Tender” Offer by TRC

TRC Capital Investment Corporation has sent an unsolicited “mini-tender” offer to Dominion Energy stockholders looking to purchase up to 2 million shares of Dominion’s common stock at an offer price that is 4.47% lower than the current share price. TRC Capital is looking to pick up Dominion shares on the cheap and turn around and flip them at a higher price. Dominion is warning stockholders they should not agree to the deal.
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Emissions Update for Proposed Dominion Peaker Plant in Va.

Dominion Energy, a huge utility company headquartered in Richmond, Virginia, recently revived a plan to build four small “peaker” electric generating plants in Chesterfield County, VA, a Richmond suburb (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The Chesterfield Energy Reliability Center in the James River Industrial Center calls for building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest days of the year to help supply enough electricity for 250,000 homes. Last week, the Virginia Dept. of Environmental Quality (DEQ) shared an emissions analysis for the proposed project with the state Air Pollution Control Board. The meeting drew a contingent of protesters who looked and acted like freaks in a circus show — standard operating procedure for the left.
Read More “Emissions Update for Proposed Dominion Peaker Plant in Va.”

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Dominion Energy Loses Mind – Sells Remaining LDC NatGas Businesses

Yesterday, Dominion Energy and Enbridge co-announced that Dominion has agreed to sell what we think (not 100% sure) are the remaining natural gas local distribution companies (LDCs) that Dominion owns to Enbridge for $14.0 billion, which includes $9.4 billion in cash plus the assumption of debt. The deal includes three LDCs–The East Ohio Gas Company, Public Service Company of North Carolina, and Questar Gas Company (along with Wexpro Company). The three LDCs serve about 3 million homes and businesses in Ohio, North Carolina, Utah, Wyoming, and Idaho and include 78,000 miles of natural gas distribution, transmission, gathering, and storage pipelines and more than 62 Bcf of working underground and LNG storage capacity. Dominion wants to shed its natgas businesses and focus solely on electrifying everything.
Read More “Dominion Energy Loses Mind – Sells Remaining LDC NatGas Businesses”

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Berkshire Hathaway Energy Now Owns 75% of Cove Point LNG

In July 2020, Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett’s Berkshire Hathaway Energy (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Part of the deal involved selling a 25% interest in the Cove Point LNG export facility to Berkshire Hathaway, transferring responsibility for operations to Berkshire (see Warren Buffett’s Berkshire Hathaway Now Runs Cove Point LNG!). In July, both Dominion and Berkshire announced a deal for Berkshire to buy out Dominion’s remaining 50% share in Cove Point for $3.3 billion (see Dominion Sells Remaining 50% Share in Cove Point LNG to Buffett). According to a Berkshire announcement issued Friday, the deal is now down.
Read More “Berkshire Hathaway Energy Now Owns 75% of Cove Point LNG”

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Big Green Grifter McKibben Joins Fight Against Va. Gas-Fired Plant

Bill McKibben, 350.org

Dominion Energy, a huge utility company and power generator headquartered in Virginia, recently dusted off its plan to build the Chesterfield Energy Reliability Center in the James River Industrial Center (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The project includes building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest days of the year to help supply enough electricity for 250,000 homes on days when the sun doesn’t shine, and the wind doesn’t blow. A small group of antis (mostly from Big Green groups) recently gathered outside an elementary school to oppose the plan (see Small Group of Antis Oppose Dominion Chesterfield Peaker Plant). Their efforts to focus attention on the project failed, so they’ve called in “the big guns”–namely Bill McKibben, head of the radicalized 350.org.
Read More “Big Green Grifter McKibben Joins Fight Against Va. Gas-Fired Plant”

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Dominion Sells Remaining 50% Share in Cove Point LNG to Buffett

In July 2020, Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett’s Berkshire Hathaway Energy (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Part of the deal involved selling a 25% interest in the Cove Point LNG export facility to Berkshire Hathaway, transferring responsibility for operations to Berkshire (see Warren Buffett’s Berkshire Hathaway Now Runs Cove Point LNG!). Yesterday both Dominion and Berkshire announced a deal for Berkshire to buy out Dominion’s remaining 50% share in Cove Point for $3.3 billion.
Read More “Dominion Sells Remaining 50% Share in Cove Point LNG to Buffett”

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Small Group of Antis Oppose Dominion Chesterfield Peaker Plant

Proposed location for the Chesterfield Energy Reliability Center in the James River Industrial Center

Once upon a time, Dominion Energy, a huge utility company headquartered in Richmond, Virginia, had a plan to build four small “peaker” electric generating plants in Chesterfield County, VA, a Richmond suburb. Then COVID hit, and the plan went on hold. Dominion recently dusted off its plan and announced it would seek state approval for its Chesterfield Energy Reliability Center in the James River Industrial Center (see Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA). The project includes building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest days of the year to help supply enough electricity for 250,000 homes. A small group of antis (mostly from Big Green groups) gathered outside an elementary school on Tuesday to oppose the plan.
Read More “Small Group of Antis Oppose Dominion Chesterfield Peaker Plant”

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Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA

Proposed location for the Chesterfield Energy Reliability Center in the James River Industrial Center

Once upon a time, Dominion Energy, a huge utility company headquartered in Richmond, Virginia, with customers in a number of states, had a plan to build four small “peaker” electric generating plants in Chesterfield County, VA, a Richmond suburb. Then COVID hit, and the plan went on hold. Dominion recently dusted off its plan and announced it would seek state approval for its Chesterfield Energy Reliability Center in the James River Industrial Center. The project includes building four 250-megawatt gas-fired power plants (1,000 MW total) that can jump into action during the coldest and hottest days of the year to help supply enough electricity for 250,000 homes.
Read More “Dominion Plans to Build 1,000-MW Gas Peaker Plant Near Richmond, VA”

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Dominion Contemplates Building More Gas-Fired Power Plants in Va.

Even though Dominion Energy sold its interstate pipeline network in 2020 (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B) and is now rumored to be interested in selling its local gas distribution pipeline network (see WSJ, Utilities Pursue Pipeline Sales as Natural-Gas Bans Catch On), Dominion hasn’t completely forsworn all fossil energy. According to a report by the Associated Press, Dominion, via a report filed with the Virginia State Corporation Commission, contemplates a future of building new small natural gas-fired power plants to feed the electric grid in Virginia.
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Dominion Energy, National Grid Said to be Shopping Northeast Pipes

The left’s insane push to ban the use of all fossil energy, including natural gas, is beginning to bear fruit with large utility companies. Dominion and National Grid–huge electric and gas companies providing service to millions of customers–are rumored to be shopping some of their natural gas pipeline networks. So says the venerable Wall Street Journal. The reason? They believe the end of providing natural gas to customers is now on the horizon, and they want to dump their gas pipeline assets now, while those assets will still fetch big money.
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EQT Joins Open Hydrogen Initiative Aimed at Producing Low-CO2 H2

Hydrogen energy is the new savior that will keep the world from toasting itself out of existence. So goes the current faddish meme. But not just any old hydrogen (or H2) can be used. No, no, no! Hydrogen has to be “low carbon” hydrogen (i.e. produced by means that is low or no-carbon), or it is persona non grata. It reminds us of when “low fat” was all the rage in diets–until it wasn’t. But we digress… The Open Hydrogen Initiative (OHI) was convened earlier this year to measure and map the emissions footprint of “clean” (low or no-CO2) hydrogen. Earlier this week, a number of prominent energy companies joined OHI, including EQT, the largest natural gas producer in the U.S. (focused 100% on the Marcellus/Utica).
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Williams, Coterra, Dominion Partner on Certified Low-Emission Gas

It appears that Williams (pipeline company) and Coterra Energy (driller), along with end-customer Dominion Energy (local gas utility) have developed their own “responsible gas” certification scheme apart from the three such schemes widely used by many Marcellus/Utica drillers currently. In an announcement yesterday, Williams said the deal struck with Coterra and Dominion establishes “the industry’s first next generation natural gas certification process across all segments of the value chain from production through gathering and transmission with deliveries through 2023.”
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Blue Ridge Pkwy Says Dominion Pipe has “No Significant Impact”

In February, MDN brought you news about a “last mile” pipeline from Dominion Energy (see Will Dominion Back Down on Pipe Under Blue Ridge Parkway?). Last mile pipes are the pipes utility companies install and maintain to run gas to homes and businesses. Dominion wants to install a new 760-foot pipeline under the Blue Ridge Parkway (managed by the National Park Service) in North Carolina. Naturally, anti-fossil fuel zealots oppose the project because it flows an evil fossil fuel. However, yesterday, the National Park Service issued a FONSI to say there will be no significant impacts from the pipeline on the pretty views from the Parkway.
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Rumor: Dominion Mulls Sale of Remaining 50% Share in Cove Point LNG

Bloomberg is reporting that “sources” are chattering that Dominion Energy, the majority owner of Cove Point, Maryland, LNG export facility with a 50% stake in the plant, is considering selling its stake. In July 2020, Dominion sold its natural gas pipeline business along with a 25% stake in Cove Point to Warren Buffett’s Berkshire Hathway (see Dominion Cancels Atlantic Coast Pipe, Sells Pipe Biz for $9.7B). Berkshire Hathaway actually took over the day-to-day operation of the plant, even though it is a minority owner. The other 25% of Cove Point is owned by investment firm Brookfield Asset Management. It appears Dominion is seriously considering dumping its 50% stake in the project.
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EQT, Williams, Dominion Back WV in Race to Get Hydrogen Hub

In something of a shocker, EQT Corporation, the largest natural gas producer in the country with its headquarters (and most major drilling operations) in Pennsylvania, is throwing its weight and support behind a coalition in West Virginia to attract one of the so-called regional hydrogen hubs (worth $1 billion or more in taxpayer investment) to the Mountain State, not to the Keystone State. EQT is one of the main players in forming a new coalition called the Appalachian Regional Clean Hydrogen Hub (ARCH2). Other big energy companies supporting ARCH2 include Williams, Dominion Energy, CNX Resources, and New Fortress Energy (among many more).
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Cove Point Hits Major Milestone – Loads 300th Marcellus LNG Cargo

Berkshire Hathaway Energy’s (BHE) GT&S subsidiary announced that the Cove Point LNG export facility, which BHE GT&S operates, reached a major milestone at the end of July. Cove Point has loaded its 300th commercial LNG export cargo. All of the molecules that Cove Point liquefies come from the Marcellus Shale. MDN was there from the beginning, chronicling the journey from idea to construction to (now) loading 300 cargo ships full of Marcellus LNG. What a journey!
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