Dominion Energy Inc. plans to cut $1 billion in capital expenditures (capex) over the next two years and recently issued $500 million of common equity to its aftermarket program in an effort to improve its negative credit rating and support its balance sheet, the company said Monday.
Articles from Carolina
North Carolina on Friday issued the Atlantic Coast Pipeline (ACP) a section 401 water quality certification (WQC) under the federal Clean Water Act, capping part of a prolonged regulatory process that brings the project one step closer to construction.
FERC has approved limited tree felling activities for the Atlantic Coast Pipeline (ACP), a step forward for a project that continues to encounter vocal pushback from opposition groups and is still seeking final approval on some state-level permits.
The U.S. Court of Appeals for the District Columbia on Wednesday partially granted a motion for clarification filed by Transcontinental Gas Pipe Line Co. LLC (Transco), limiting the three-judge panel’s order to stay the Atlantic Sunrise project’s FERC certificate only to construction in Pennsylvania and not other state operations.
The proposed Atlantic Coast (ACP) and Mountain Valley (MVP) pipelines have secured FERC certificates but continue to encounter pushback at the state level, with opposition groups looking to regulators in West Virginia, Virginia and North Carolina to put a halt to the projects.
In a pair of orders handed down late Friday, FERC approved the Appalachian-to-Southeast Atlantic Coast (ACP) and Mountain Valley pipelines (MVP) in a rare split decision.
Gas Natural Inc. shareholders have approved the company’s merger with a subsidiary of energy-focused private equity firm First Reserve, clearing the way for regulatory approval and keeping the deal on track to close in the second half of 2017.
The energy-focused private equity firm First Reserve has agreed to acquire Cleveland-based Gas Natural Inc. and its five subsidiary companies for an all-stock deal worth $196 million in yet another utility merger.
Offshore oil and gas operators in the Gulf of Mexico (GOM) were re-boarding platforms and rigs and restoring production Friday as the remnants of Hermine, weakened again to tropical storm strength, moved northeast across North Carolina and toward the Atlantic Ocean, the Bureau of Safety and Environmental Enforcement (BSEE) said.
Physical natural gas for the four-day Labor Day holiday weekend fell as temperature outlooks moderated and traders assessed the loss of energy demand from the storm-ravaged Southeast.