Dominion, Duke Energy drop plans for gas pipeline from W.Va. to NC
Dominion Energy and Duke Energy announced the cancellation of the Atlantic Coast Pipeline project citing cost uncertainty and ongoing delays.Posted — Updated
The pipeline would have carried natural gas more than 600 miles from northern West Virginia to southeastern North Carolina.
A press release indicated that public guidance of the cost of the project had increased to $8 billion from around $4.5 billion.
“We regret that we will be unable to complete the Atlantic Coast Pipeline," Thomas Farrell II, Dominion Energy chairman, president and chief executive officer, and Lynn Good, Duke Energy chair, president and chief executive officer, said in a joint statement.
"For almost six years, we have worked diligently and invested billions of dollars to complete the project and deliver the much-needed infrastructure to our customers and communities."
The pipeline project was initially announced in 2014.
“This decision and the changing energy landscape should lead to cleaner and more reliable energy generation in North Carolina," said Gov. Cooper in a statement Sunday. "Our Clean Energy Plan provides an excellent framework and stakeholder process for renewable energy moving forward.”
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