Monday, May 23, 2022

Play

Pennsylvania tries to land a regional hydrogen hub, a new study confirms college grads are twice as likely to get good jobs, and a U.S. military plane flies 35 tons of baby formula from Germany to Indianapolis.

Play

Operation Fly Formula's first shipment arrives, worries of global food shortages grow, President Biden is concerned about a monkeypox outbreak, and a poll says Americans support the Title 42 border policy.

Play

From off-Broadway to West Virginia: the stories of the deadly Upper Big Branch mine explosion, baby formula is on its way back to grocery shelves, and federal funds will combat consolidation in meatpacking.

Need for Atlantic Coast Pipeline Falls

Play

Monday, February 11, 2019   

CHARLESTON, W.Va. — The demand the huge Atlantic Coast Pipeline was intended to meet is disappearing, according to documents from the corporations behind the project.

Dominion and Duke Energy own almost all of the pipeline, as well as the electric utilities it would supply with natural gas. When applying for a federal permit, they argued it was needed to meet rising electricity demand in North Carolina and coastal Virginia.

But Cathy Kunkel, an energy analyst with the Institute for Energy Economics and Financial Analysis, said utility filings in those states now show the outlook has changed dramatically - in part because of competition from cheap, renewable energy.

"Dominion is not projecting any increase in natural-gas demand until 2032,” Kunkel said. “Duke is still planning to build some natural-gas plants, but most of that has shifted to the late 2020s."

The energy companies say they need more pipeline capacity to move fracked gas out of the Marcellus and Utica fields of northern West Virginia, where the price for it is artificially depressed by a transportation bottleneck.

The 600-mile pipeline across the three states has faced a number of setbacks, including lawsuits by landowners and conservationists. It was recently announced that the total cost of the project would rise to $7.5 billion, and its opening would be delayed until 2021.

If the builders can get state utility regulators' approval, they can shift the full expense of the line onto ratepayers, along with a guaranteed profit. But Kunkel said investors in the utilities may be starting to worry about the financial risks.

"The project has been delayed by these court challenges, it's also over-budget,” she said. “And if the state regulators say, 'You clearly don't need all of the gas capacity that you signed up for here; we're not going to let you charge it to your ratepayers,' then that would be a very significant blow."

Kunkel said the incentives tend to make utilities and pipeline companies overestimate demand and overbuild capacity. She said that's becoming a more serious issue as climate change poses increasing risks.

Kunkel helped write the analysis for a report from IEEFA and Oil Change International.



get more stories like this via email

Around 17% of bachelor's degrees awarded to Black students nationwide come from Historically Black Colleges and Universities, and research shows HBCUs boost economic mobility and generational wealth.(Adobe Stock)

Social Issues

One of North Carolina's oldest Historically Black Colleges and Universities is finding new ways to help students stay enrolled and graduate. Recent …


Social Issues

A new survey finds 8 in 10 Kentucky parents say afterschool programs could help their child combat social and mental-health struggles by reducing unpr…

Environment

A technology that once existed only in science fiction soon could emerge as a viable solution to climate change. The city of Flagstaff has added …


Environment

Minnesota has more than 10,000 brownfield sites, which are abandoned or idled properties in need of contamination removal. State officials will soon …

Georgetown researchers found that Black American women are the most likely to have to turn to student loans for college, and hold the most student loan debt, compared with their peers. (Adobe Stock)

Social Issues

By age 35, workers with a bachelor's degree or higher are about twice as likely as workers with just a high school diploma to have a good job - one …

Environment

The mayor of Huntington, where more than 200 homes were recently damaged by severe flooding, said now is the state's "one chance" to prevent other …

Social Issues

Alzheimer's disease is one of the leading causes of death in North Dakota, prompting state officials to launch an online dashboard, where the public …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021