Thursday, July 9, 2020

Duke Energy, Dominion likely began to consider abandoning Atlantic Coast Pipeline last year

Back in November, Duke Energy announced a $2.5 billion stock sale that allowed it "to absorb a wide range of outcomes associated" with the Atlantic Coast Pipeline. Turns out that amount covers the charge Duke expects to take against earnings for abandoning the project.


from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2020/07/09/plans-to-nix-pipeline-likely-in-works-for-months.html?ana=RSS&s=article_search

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