//Dominion Energy and Duke Energy Cancel the Atlantic Coast Pipeline

Dominion Energy and Duke Energy Cancel the Atlantic Coast Pipeline

Dominion Energy and Duke Energy announced today the cancellation of the Atlantic Coast Pipeline (ACP) project, citing cost uncertainty and ongoing delays. The ACP, initially announced in 2014, is a proposed 600-mile fracked gas transmission line planned to span West Virginia, Virginia, and North Carolina.

The decision comes after a U.S. Supreme Court decision in June in which the court ruled by a 7-2 margin that the natural gas pipeline would be allowed to cross the Appalachian Trail.

The press release indicated that a series of legal challenges to the project’s federal and state permits have caused significant project cost increases and timing delays. Recent public guidance of project cost has increased to $8 billion from the original estimate of $4.5 to $5.0 billion. In addition, the most recent public estimate of commercial in-service in early 2022 represents a nearly three-and- a-half-year delay with uncertainty remaining.

“We regret that we will be unable to complete the Atlantic