MVP Protester Wins SEC Support to Force Dominion Vote on Gas Assets
Environmental radical Freeda Cathcart, who was once arrested for resisting and interfering with a U.S. Forest Service agent at the site of tree cutting for Mountain Valley Pipeline in Giles County, VA (see MVP Tree/Pole Sitters Select Wrong Area, Tree Cutting Continues), has successfully convinced the Bidenistas sitting on the Securities and Exchange Commission to allow a Dominion Energy shareholder vote to force the company to describe “how it is responding to the risk of stranded assets of planned natural gas based infrastructure and assets as the global response to climate change intensifies.” The vote is aimed at forcing Dominion to lessen and eventually dump, all natural gas-fired power generation the company operates.
Read More “MVP Protester Wins SEC Support to Force Dominion Vote on Gas Assets”
Dominion Energy is divesting itself from a natural gas utility company it owns in West Virginia–Hope Gas, Inc. Dominion is selling Hope to investment firm Ullico Inc. for $690 million. Ullico plans to combine Hope Gas with another company it owns, Hearthstone Utilities, Inc. The reason this deal caught our attention is that Hope Gas owns and operates “2,000 miles of gathering pipelines” in the Mountain State.
Most of our coverage about pipelines is for large interstate pipelines, or perhaps large regional gathering pipeline systems. Every now and again we’ll bring you news about a “last mile” LDC (local distribution company) pipeline–the pipes utility companies install and maintain to run gas to homes and businesses. We have a story of that sort for you today. Dominion Energy, a huge utility company that used to be in the pipeline business (but sold its pipeline business to Warren Buffett a few years ago) wants to install a new 760-foot pipeline under the Blue Ridge Parkway (managed by the National Park Service) in North Carolina.
Atlantic Coast Pipeline (ACP) had laid 31 miles of pipeline and had cut trees for 222 miles along the 600-mile route before Dominion Energy, the builder, decided in 2020 it no longer wants to be in the interstate pipeline business, canceling ACP (see 
In July the Federal Energy Regulatory Commission (FERC) approved a plan by Dominion Energy to clean up and “undo” the work done for the company’s previous Atlantic Coast Pipeline (ACP) project (see 
Atlantic Coast Pipeline (ACP) had laid 31 miles of pipeline and had cut trees for 222 miles along the 600-mile route before Dominion Energy, the builder, decided last summer it no longer wanted to be in the interstate pipeline business, canceling ACP (see 
One year ago, in July 2020, we brought you the bombshell news that Dominion Energy was calling it quits in the pipeline business, abandoning the Atlantic Coast Pipeline project (on which they had already spent billions of dollars) and selling its existing (extensive) pipeline network to Warren Buffett for $9.7 billion (see 
Dominion Energy is a huge company. Once upon a time, Dominion owned major pipeline assets throughout the Marcellus/Utica region. But in July of 2020 Dominion decided to sell their pipeline assets (and part of the Cove Point LNG export facility) to Warren Buffett for $9.7 billion (see 
Dominion Energy’s Atlantic Coast Pipeline (ACP) had laid 30 miles of pipeline and had cut trees for 222 miles along the 600-mile route before Dominion decided last summer it no longer wanted to be in the interstate pipeline business, canceling ACP (see 
In July, when Dominion Energy announced it had decided to exit the natural gas pipeline business by selling it to Warren Buffett and cancel the much-needed Atlantic Coast Pipeline project, the company said it would retain a 50% ownership in its Cove Point LNG export facility and sell a 25% interest to Buffett’s company (see 
In September MDN told you that Cove Point LNG had gone offline for roughly three weeks for its annual plant maintenance routine (see 
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 
It’s that time of year again. Each fall Dominion Energy takes the Cove Point LNG export terminal offline for annual maintenance work. Every time it happens, the plant is offline for roughly three weeks. We expect the same this year.
Pssst. Hey buddy. Ya wanna buy an LNG cargo. Or three? Dominion’s Cove Point LNG export facility along the coast of Maryland liquefies and exports Marcellus Shale gas. Dominion has two customers who buy all of the LNG the facility can produce: Japan and India. GAIL, formerly known as Gas Authority of India Ltd., is looking to sell three upcoming LNG cargoes instead of shipping them all the way to India.