Dominion Wins Big at the Supreme Court
Dominion Energy (NYSE: D) hit a major legal wall as it sought to complete a big capital project. It was a long, drawn-out fight that went all the way to the Supreme Court, but the battle is now over. Here's what happened and what it means for Dominion's multibillion-dollar Atlantic Coast Pipeline project.
To simplify things a bit, natural gas has increasingly been used to replace coal in the nation's electric power grid. It's a cleaner-burning fuel, and considered a transition energy source as the world shifts toward less carbon-intensive power. But the real push was economic, since building and operating a natural gas power plant has been very cheap lately because of low fuel costs.
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Source Fool.com
