A May 23, 2017 Bloomberg article discusses how the glut of natural gas from the Marcellus Shale has led to a massive boom in construction of new power plants. Dozens have been built in the last two years alone, adding a huge amount of power generation to a region that alredy has more than it needs. “There isn’t nearly enough electricity demand to support all the new capacity. And as wholesale electricity prices plunge, industry experts are anticipating a fire sale of scores of plants in the region. Many, in fact, have already been sold along the PJM Interconnection LLC grid, the nation’s largest, encompassing 13 states from Virginia to Illinois.” The slowdown in closures of coal-fired power plants resulting from more favorable policies under the Trump administration makes for an even bigger glut of power plants.
Yet despite decreasing demand for power and more power plants than needed, Dominion continues to insist it needs the ACP to meet increasing demand.
Where is the money is coming from? Are you supporting destructive and unnecessary pipelines?
Protect and Divest is launching a nationwide divestment campaign to defund the pipelines threatening the East Coast. From Atlantic Sunrise to Atlantic Coast to PennEast to Sabal Trail to Mountain Valley, environmental and native rights are at stake.
Divest your money from the banks funding these projects and show the world that we will not fund our destruction anymore!
For more information, follow this link: http://protectanddivest.weebly.com/divest.html
The Southern Environmental Law Center filed a last-minute opinion saying there isn’t enough market demand for a $6 billion pipeline. PJM Interconnection, the group that controls the electricity grid in Virginia, provided data to SELC on current and future electricity needs showing significantly less need than that claimed by Dominion. The difference of 3,515 megawatts is a gap between Dominion’s claims and the PMJ data that is the equivalent of two massive power plants Virginia doesn’t need.
C-Ville interviewed SELC’s Greg Buppert, who told them, “I think the bottom line here is that Dominion is rushing forward with a project that has real questions about its public necessity. FERC is also not looking at the issue. Once this pipeline is in the ground, ratepayers will be stuck with it. Landowners will have lost their property to Dominion, and, at that point, it’s going to be too late to say this project wasn’t really needed. The problem is no one is looking; no regulators are asking this question right now.”
Read the C-Ville article here.
“Will Activists Be Able to Stop the Atlantic Coast Pipeline?” That’s the question discussed in this excellent article in Who.What.Why. The article accurately reviews both Dominion’s claims about the benefits of the pipeline and the evidence on both lack of need and resulting damage presented by the many organizations and individuals opposing it. It is a fine summary of the arguments – a good article to send to anyone who has not followed the day-by-day pipeline developments.
The producers of the video of Thomas Hadwin discussing real costs of the ACP have posted a new (corrected) version with a different link. View the video at the new link.
Thomas Hadwin, formerly employed by the gas industry, now works to fight the proposed Atlantic Coast Pipeline and the potential destruction it could bring to us and our land. In this 4-and-a-half minute video on Youtube, The Real Costs of the Atlantic Coast Pipeline, Hadwin reiterates what many have already said. “The market does not need the Atlantic Coast Pipeline because sufficient gas is supplied to this area by the Transco corridor. In fact, the utility ratepayers will pay more as a result of the ACP. The cost of transporting gas over the Atlantic Coast Pipeline is 3 times higher than the cost of transporting gas for Transco.”
The video, produced by Friends of Buckingham, reminds us that we can make a difference! FERC is accepting public comments on the ACP until April 6th, 2017. Take action! Go online to www.ferc.gov and click on eComment, and using docket number CP15-554-000, tell FERC that the real costs of the ACP are unacceptable.