Dominion’s ACP Costs Still Rising

Dominion’s original cost estimate for the Atlantic Coast Pipeline was $4.5-5 billion, and the original in-service date was late 2018.

Costs are up: according to S&P Global, “The 600-mile pipeline, which would run through West Virginia, Virginia and North Carolina, moving Appalachian Basin gas to Mid-Atlantic markets, is now expected to cost approximately $8 billion, slightly above the high end of Dominion’s previous guidance range of $7.3 billion to $7.8 billion.”  That’s a little under double the original cost estimate.

Seeking Alpha tells us that Dominion has “so far spent $3.4 billion on Atlantic Coast Pipeline.” That is well over half of what the original total cost estimate was for the ACP, with nothing yet in the ground.