Atlantic Coast Pipeline Cost Expected to Rise by $1.5B
(AP) — The cost of a controversial natural gas pipeline planned to run through Virginia is expected to increase by more than $1 billon.
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 couldn’t 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.
Related News
From Archive
- Intrepid Fiber breaks ground on fiber optic network in Superior, Colo.
- Excavator collides with I-95 overpass in Henrico, Va., causing multi-vehicle crash
- Shrewsbury, Mass., expands sewer inspections and cleaning efforts
- Construction worker killed in trench collapse near Prosperity, S.C.
- Two workers rescued after hours trapped in Mich. trench collapse
- Illinois overhauls Peoples Gas pipeline program, mandates focus on high-risk pipes
- Ameren Illinois to invest $140 million in natural gas pipeline replacement program
- Charlottesville, Va., to begin work on 24-inch water line for Rivanna River crossing
- Mass. governor slams Trump for ‘dangerous delay’ of $50 million in lead pipe replacement funds
Comments