It's a 600 mile underground pipeline running from West Virginia, through Virginia, and ending finally in North Carolina. For example, the permit from the U.S. Army Corps of Engineers will dictate whether Dominion can remove trees during a multimonth window that starts in November 2020, or if it will have to wait until, perhaps, November 2021 to begin the process. The easy next step is that Dominion puts a pipe under the Appalachian Trail. Dominion Energy hit a major legal wall as it sought to complete a big capital project. It was a long, drawn-out fight that went all the way to the Supreme Court, but the battle is now over. Dominion Energy (NYSE:D) hit a major legal wall as it sought to complete a big capital project. That said, the Atlantic Coast Pipeline is far from complete. Dominion Energy, Inc., commonly referred to as Dominion, is an American power and energy company headquartered in Richmond, Virginia that supplies electricity in parts of Virginia, North Carolina, and South Carolina and supplies natural gas to parts of Utah, West Virginia, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia. Dominion Energy, Inc. Common Stock (D) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Add to watchlist Start Trading >> News. See you at the top! Invest in Dominion Energy Inc stock and others with any dollar amount. The stock outpaced the S&P 500's daily gain of 1.2%. This was the biggest obstacle facing the project, and now it's gone. Zacks 5 hrs ago. However, there's still a lot more work to be done. It should get news from the U.S. Still, there are some time-sensitive issues involved. Fish and Wildlife Service any day now. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Along the way it needs to get additional approvals. There will be environmental groups at every step of the way fighting against the pipeline. The problem is that you can easily put coal on a truck or boat, you need pipelines to transport natural gas from where it's dug up to where it gets used. The dispute, which was a bit arcane, traveled all the way to the Supreme Court. Reuben Gregg Brewer believes dividends are a window into a company's soul. The question was what legal entity got to decide whether the crossing, which represents just about 1/10th of a mile, was approved. For now, however, this multibillion-dollar project is back on track, which is very good news for Dominion and its shareholders. Although the delays related to the Supreme Court case increased costs about 17% (roughly $1 billion), the company's most recent update on the project held the final tally steady at $8 billion. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Here's what happened and what it means for Dominion's multibillion-dollar Atlantic Coast Pipeline project. Stock Advisor launched in February of 2002. That's been a problem for Dominion, which has material operations on the East Coast -- an area of the country with limited access to natural gas. The Atlantic Coast Pipeline, a project it is working on with similarly situated utility peer Duke Energy (NYSE:DUK), was meant to fix that. To put a timeline on it, the company expects to have the pipeline completed by the first half of 2022. Official Close 10/29/2020 NYSE. Building a pipeline is not an easy thing. That means there's roughly two years to go before the project is in service. To simplify things a bit, natural gas has increasingly been used to replace coal in the nation's electric power grid. In the second half of the year, Dominion is expecting key approvals from the Virginia Air Control Board. Dominion Energy (D) closed at $81.14 in the latest trading session, marking a -0.05% move from the prior day. He tries to invest in good souls. That's a lot of ground to cover, especially since environmentalists were searching every inch for a reason to stop the project. And it's also working with the U.S. Army Corps of Engineers on additional permits.

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