Currents - Energy Industry Insights: Issue 26, July 2020

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Dominion Energy and Duke Energy Cancel Construction of Atlantic Coast Pipeline -

"Despite a recent win for the project in the US Supreme Court, ongoing delays, litigation and an expected increase in costs threatened the economic viability of the project, the companies said."

Why this is important: Challenging every aspect of gas infrastructure permit approvals has proven to be an effective strategy for environmental groups. The Atlantic Coast Pipeline was projected to cost around $5 billion when it was first announced in 2014, but persistent lawsuits increased the cost to as much as $8 billion according to Duke Energy and Dominion Energy, the pipeline’s partners....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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