When we spotted a headline about Duke Energy, joint venture partner with Dominion Energy in the 600-mile Atlantic Coast Pipeline (ACP) project, investigating “Plan B” for what to do if ACP doesn’t get built, we thought, “Oh oh. This is a sure sign the project is in trouble and the principles are giving up.” But we should have known–it’s Bloomberg! It’s Biased news with a capital B.
And sure enough, as we read what was actually said by Duke Energy CEO Lynn Good in her interview with Bloomberg, we saw that the article headline was totally misleading. Typical.
Good is still 100% committed to the ACP project and wants it completed. However, when ACP gets completed may be an issue for Duke, given the current court delays (brought about by radical anti-fossil fuel groups). If the delays go on long enough, some Duke customers in the southeastern U.S. are going to be short on natural gas. So Good is considering a backup plan to meet increasing gas demand until ACP can be brought online.
What is Plan B to cover gas supplies until ACP can be brought online? Good mentions a pipleine that would run from eastern to western North Carolina. We have no idea if that pipeline is already in place and would be repurposed, or if a new pipeline needs to get built.
Now that you have the proper context, here’s the intentionally misleading Bloomberg headline/aritcle:
Duke Energy Needs ‘Plan B’ If Atlantic Coast Pipeline Fails, CEO Says
Duke Energy Corp. will need another way to shuttle natural gas to customers in the U.S. Southeast if the troubled Atlantic Coast shale pipeline fails to overcome legal setbacks, Chief Executive Officer Lynn Good said.
“Atlantic Coast pipeline was sized and designed with a time frame to meet the needs of our customers,” Good said Monday in an interview with Bloomberg Television at the BNEF Summit in New York.
That time frame is in limbo after a federal appeals court vacated key permits that allowed the pipeline to cross the Appalachian Trail, a decision lead developer Dominion Energy Inc. is planning to appeal to the Supreme Court. Atlantic Coast has seen its start date pushed back several times and its price tag balloon to as much as $7.5 billion. Construction has been stopped since late last year.
If the embattled conduit fails to prevail, a potential Plan B could include a pipeline that would run from eastern to western North Carolina, versus north-to-south, Good said, adding that the company “remains committed” to completing Atlantic Coast.
The 600-mile (966-kilometer) project isn’t the only pipeline out of America’s hottest shale gas play facing backlash. EQM Midstream Partners LP has said the company is closely watching Atlantic Coast’s legal battles to see if there’s any impact to its Mountain Valley pipeline, which has also been ensnared in court battles.*
*Bloomberg (Mar 25, 2019) – Duke Energy Needs ‘Plan B’ If Atlantic Coast Pipeline Fails, CEO Says
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