What Happens to Leased Land for Now-Canceled Atlantic Coast Pipe?
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?
Read More “What Happens to Leased Land for Now-Canceled Atlantic Coast Pipe?”
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 
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 
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 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.
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 
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.
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.
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.
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 
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.
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 
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.