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Dominion Stands by $7.5 Billion Shale Pipe After Latest Delay

Feb. 1, 2019, 5:50 PM

Dominion Energy Inc. is standing by its embattled Atlantic Coast shale gas pipeline after hiking the expected cost to as much as $7.5 billion and pushing back the start date for the second time in three months.

The company is “highly confident” that a number of outstanding legal challenges will be resolved and that the conduit will be completed, Tom Farrell, Dominion’s chief executive officer, said in Dominion’s fourth-quarter earnings statement Feb. 1. All work is currently halted after a federal appeals court stayed a key permit in September—a decision the company is appealing.

“We’ll see what happens. There’s other ...