Court tosses permit for Atlantic Coast Pipeline to cross Appalachian Trail [Seeking Alpha]
Dominion Energy, Inc. (D)
Last dominion energy, inc. earnings: 2/11 07:30 am
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Source: Seeking Alpha
Dominion Energy’s (NYSE: D ) Atlantic Coast natural gas pipeline suffers a major blow, as the 4th U.S. Circuit Court of Appeals vacates a permit issued by the U.S. Forest Service that would allow it to cross beneath the Appalachian Trail and 21 miles of national forest land in Virginia and West Virginia. A three-judge panel of the court finds the Forest Service had abdicated its responsibility to preserve national forest resources and sends the permit back to the federal agency for corrections. Dominion had changed the pipeline's proposed route in early 2015 to cross the Appalachian Trail on Forest Service land specifically to avoid the need for an act of Congress to allow the pipeline to cross the national scenic trail. The company says the court had undermined the judgment of the dedicated, career professionals at nearly every federal agency that has reviewed this project. Dominion's partners in the Atlantic Coast Pipeline are Duke Energy (NYSE: DUK ) and Souther
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