Natural Gas Pipeline Developers Aim To Differentiate From Atlantic Coast And Avoid Its Fate
Energy Partner Seth Belzley was quoted in a Utility Dive article about Duke Energy and Dominion Energy's joint announcement canceling the Atlantic Coast Pipeline (ACP) natural gas project. The abandonment has spurred other natural gas pipeline developers to project confidence in their projects and differentiate themselves from ACP. Public declarations of differentiation are necessary to keep such projects alive, according to various attorneys.
Pipeline developers "do have to project confidence and success, and you've got to press really hard," Mr. Belzley said. "If people get the hint that you are not pursuing it, it finds its own death certificate." Environmental advocates maintain that the momentum in 2020 has discouraged not only Duke and Dominion but another Northeast pipeline that sought to cross New York. "I don't see any of the recent decisions here necessarily affecting all pipelines, or decreasing or increasing, the regulatory uncertainty, or litigation uncertainty, related to pipeline development," Mr. Belzley countered.