Dominion’s Troubled Gas Pipe May Be Moot, Clean Energy Groups Say

The Dominion Energy Inc.-led $7 billion Atlantic Coast pipeline is looking like an increasingly bad bet for the utility as cost overruns and waning natural gas demand throw the profitability of the project into question, two clean-energy advocacy groups said.

Because Atlantic Coast’s customers are all regulated utilities affiliated with the project’s backers, the companies behind the pipeline will only recover the billions they spend if regulators in Virginia and North Carolina sign off.

And whether those regulators will do so is looking less certain, according to a report from the Institute for Energy Economics and Financial Analysis ...