Skip to main content

Atlantic Coast Pipeline cost expected to increase by $1.5B

The cost of a controversial natural gas pipeline planned to run through Virginia is expected to increase by more than $1 billion.

The Richmond Times-Dispatch reports Duke Energy is a 47 percent partner in the 600-mile (1,000-kilometer) Dominion Energy-led Atlantic Coast Pipeline. Duke CEO Lynn Good said in an earnings call Tuesday the estimated total project cost is now at least $6 billion because of delays in the permitting process.

Dominion spokesman Aaron Ruby could not confirm the new estimate but said Dominion’s financial disclosure next week would have more information.

Southern Environmental Law Center attorney Greg Buppert says the higher cost means Virginia and North Carolina utility customers will pay more.

Duke anticipates the project’s cost to increase by up to $1.5 billion before its expected 2019 completion date.

Virginia Gov. Abigail Spanberger to give Democratic response to Trump’s State of the Union address

WASHINGTON (AP) — Virginia Gov. Abigail Spanberger will deliver the Democratic response to President Donald Trump’s State of the Union address next week, just months after resoundingly winning an office previously held by a Republican. Spanberger, who served three terms in the U.S. House, became Virginia’s first female governor earlier this year. She won by a double-digit margin, campaigning on affordability and lowering costs for families — a message Democrats are now elevating as they seek to win back the House and Senate in this year's midterm elections. “Gov. Spanberger will lay out a clear path forward: lower everyday costs, protect healthcare, and defend the freedoms that define who we are as a nation,” Senate Democratic leader Chuck Schumer said in a statement. Democrats try to counter Trump's large platform
Read Next Story