Reuters U.S. energy company Duke Energy Corp said Monday it took a $1.6-billion after-tax charge in the second quarter for the cancellation of the Atlantic Coast natural gas pipeline from West Virginia to North Carolina. Atlantic Coast was the most expensive U.S. gas pipeline under construction when Duke and partner Dominion Energy Inc exited the $8-billion project in July due
From Reuters The U.S. Solicitor General asked the Supreme Court on Wednesday to extend the time the government has to file a petition in an appeal of a circuit court decision preventing Dominion Energy Inc from building the Atlantic Coast natural gas pipeline across the Appalachian Trail in Virginia. Solicitor General Noel Francisco is seeking a one-month extension until June
From Bloomberg Duke Energy Corp. will need another way to shuttle natural gas to customers in the U.S. Southeast if the troubled Atlantic Coast shale pipeline fails to overcome legal setbacks, Chief Executive Officer Lynn Good said. “Atlantic Coast pipeline was sized and designed with a time frame to meet the needs of our customers,” Good said Monday in an interview
20-year contracts already set for 96% of capacity Atlantic Coast Pipeline LLC (ACP), a joint venture between Dominion Resources (ticker: D), Duke Energy (ticker: DUK), Piedmont Natural Gas (ticker: PNY) and AGL Resources (ticker: GAS), filed with the Federal Energy Regulatory Commission (FERC) for the construction of its 564-mile pipeline that would supply natural gas to Virginia and North Carolina.
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