Dominion Sells Gas Business and Cancels Atlantic Coast Pipeline
- Jul 7, 2020 4:19 pm GMT
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"U.S. utility group Dominion Energy agreed Sunday to sell most of its natural-gas business and abandon its multibillion-dollar Atlantic Coast Pipeline project with Duke Energy that would have supplied its home-state market of Virginia. " While on the surface this seems like just another utility deciding to shift green, this is a major energy player in the US and the decision to mothball the Atlantic Coast Pipeline is a large strategic change.