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Dominion Sells Gas Business and Cancels Atlantic Coast Pipeline
GreenTech Media: U.S. utility group Dominion Energy agreed Sunday to sell most of its natural gas business and abandon its multi-billion dollar Atlantic Coast Pipeline project with Duke Energy meant to supply its home-state market of Virginia.
The announcement marks a major shift for Dominion away from competitive natural gas markets and toward state-regulated utilities focused increasingly on clean energy. Those utilities include Dominion Virginia, its flagship which faces a new state mandate to achieve 100 percent clean energy by 2045, and is asking state regulators to approve a long-range energy plan that vastly increases its stake in solar power, energy storage and offshore wind.
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