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Natural selection
Natural gas as a source of energy for Virginia power plants is set to reach its final days by the middle of the century — or is it? The Virginia General Assembly set that deadline in 2020 when it passed the Virginia Clean Economy Act, which requires the state’s two major electric utilities to shift […]
Dominion closes sale of East Ohio Gas for $6.6B
Richmond-based Fortune 500 utility Dominion Energy closed on its sale of East Ohio Gas to Canadian pipeline and energy company Enbridge in a $6.6 billion deal, the utility announced Thursday. The sale was first announced in September 2023 as part of a deal for Dominion to sell its three natural gas distribution companies. The Public […]
Dominion announces $14B sale of three natural gas companies
Richmond-based Fortune 500 utility Dominion Energy is selling its three natural gas distribution companies to Canadian pipeline and energy company Enbridge Inc. in a $14 billion deal announced Tuesday afternoon. Enbridge on Tuesday announced that the sale creates the largest natural gas utility franchise in North America. The companies, the East Ohio Gas Co., Public […]
Manchin hits gas on Mountain Valley Pipeline
First proposed in 2014, the 303-mile, $6.6 billion Mountain Valley Pipeline has seen its construction progress delayed time and time again by federal courts, regulators and environmentalists. Indeed, MVP has faced so many setbacks that NextEra Energy Inc. said in February it was reevaluating its investment in the natural gas pipeline, citing “a very low […]
Washington Gas gifts Virginia Tech $430,000 for STEM education
Washington Gas gifted Virginia Tech $430,000 to help increase pathways into higher education in STEM disciplines, the university announced Monday. “Washington Gas is honored to partner with Virginia Tech and promote STEM education across the commonwealth of Virginia. Together, our program will help shape future generations of students and workers exploring energy in school studies […]
Dominion Energy to sell W.Va. utility for $690M
Dominion Energy Inc. announced Friday it had signed a definitive agreement to sell its West Virginia natural gas utility to Washington, D.C.-based financial services company Ullico Inc.’s infrastructure business for $690 million. The sale of Hope Gas Inc., also known as Dominion Energy West Virginia (DEWV), is expected to close later this year. “For nearly […]
Dominion Energy to sell Questar Pipeline to Southwest Gas for $1.9B
Richmond-based Dominion Energy Inc. has reached an agreement to sell its Questar Pipeline subsidiary to Las Vegas-based Southwest Gas Holdings Inc. for $1.975 billion, the Fortune 500 utility announced Tuesday. The all-cash deal includes the assumption of $430 million of debt. The transaction is expected to close in the fourth quarter. Questar Pipeline is an […]
Dominion, Smithfield complete first renewable gas project in Utah
Dominion Energy Inc. and Smithfield Foods Inc., both based in Virginia, completed their first renewable natural gas (RNG) project in southwestern Utah, Smithfield announced Wednesday. In 2018, the Richmond-headquartered utility and Smithfield-based food company partnered in the $500 million Align Renewable Natural Gas joint venture to convert methane from Smithfield’s contracted hog farms in[...]
Dominion closes on sale of majority of natural gas assets
Richmond-based Dominion Energy Inc. announced Monday that it has closed on the sale of the majority of its gas transmission and storage assets to Berkshire Hathaway Energy (a Berkshire Hathaway Inc. affiliate) for approximately $2.7 billion in cash and the transfer of approximately $5.3 billion of related indebtedness. In July following the cancelation of the […]
Arlington-based natural gas provider announces leadership changes
Arlington-based liquefied natural gas producer Venture Global LNG Inc. announced Monday corporate governance changes in which founders, co-Chairmen and co-CEOs Robert Pender and Michael Sabel will split their roles. With approval of the board of directors, effective Oct. 1, Sabel will assume the role of CEO and Pender will become executive co-chairman, a new officer […]
Energy
ROBERT M. ‘BOB’ BLUE PRESIDENT AND CEO, DOMINION ENERGY INC., RICHMOND In October, Blue takes over as Dominion’s president and CEO, though he’ll still answer to his predecessor, Thomas Farrell II, who’s taking on the title of executive chair. Blue joined Dominion in 2005, serving in various leadership roles, including, most recently, as executive vice […]
Atlantic Coast Pipeline canceled
Despite a favorable recent U.S. Supreme Court ruling, Dominion Energy Inc. and Duke Energy Corp. announced Sunday that they are abandoning plans to build the controversial, long-delayed Atlantic Coast Pipeline. The 600-mile, $8 billion-plus natural gas pipeline was supposed to run from West Virginia through Virginia to eastern Northern Carolina. At the same time, Dominion […]
