NC Residents Freak Out Over Proposed Dominion LNG Storage Tank
Dominion Energy plans to build a liquified natural gas (LNG) storage facility in Person County, North Carolina, to enhance natural gas service reliability for residential and business customers in the growing region. Dominion studied several potential sites and collected a boatload of data during the site selection process, including but not limited to construction feasibility, minimizing landowner impacts, connection to Dominion’s existing natural gas system, and avoiding environmentally sensitive areas. Ultimately, Dominion selected a site in the southeast corner of Person County. Mainstream media is doing its best to scare local residents, hoping to block the project.
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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.
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 
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.
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 
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 
Even though Dominion Energy sold its interstate pipeline network in 2020 (see 
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.
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).
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.”
In February, MDN brought you news about a “last mile” pipeline from Dominion Energy (see 
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).