Dominion Energy and Duke Energy have cancelled the Atlantic Coast gas pipeline project in the United States, due to ongoing delays and increasing costs threatening the economic viability of the project. The 1.5 bcf/d (15.5 bcm/year) Atlantic Coast gas pipeline project was developed by a joint venture of Dominion Atlantic Coast Pipeline (Dominion Resources, 48%), Duke Energy ACP (40%), Piedmont NACP Company (a subsidiary of Duke Energy, 7%) and Maple Enterprise Holdings (an affiliate of Southern Company, 5%). The gas transmission project would have delivered fracked gas from the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia to North Carolina and Virginia. The nearly US$8bn gas pipeline project entered construction in the spring of 2018. However, the construction was suspended in December 2018 due to a local opposition and legal challenges, and the project had been delayed. In June 2020, Dominion sent a request to the US Federal Energy Regulatory Commission (FERC) to commission the project by 2022, i.e. two years after its expected commissioning date.
In addition, Dominion Energy has sold all of its gas transmission and storage and segment assets to an affiliate of Berkshire Hathaway for US$9.7bn. Assets covered by the transaction, which is expected to close by end-2020, include the company's ownership interests in Dominion Energy Transmission, Questar Pipeline (including Overthrust and White River Hub), Carolina Gas Transmission, Iroquois Gas Transmission System (50% interest), legacy gathering and processing operations, farmout acreage, as well as a 25% operating interest in Cove Point. They include more than 7,700 miles (12,400 km) of natural gas storage and transmission pipelines and about 900 bcf (25.5 bcm) of gas storage. The transaction is expected to close during the fourth quarter of 2020.