The Virginia Mercury discusses why the Atlantic Coast Pipeline is looking like a riskier investment every day.
Proposed gas-fired plants will likely continue to decline. The economic shutdown caused by the coronavirus has reduced electricity demand. A Wood Mackenzie study predicts it might take up to several years before usage returns to present levels. When the ACP is scheduled to begin operation, S&P Global reports there will be 35 percent excess generation in the region from which Virginia draws its power; growing to 60 percent excess by 2027. Duke Energy’s utilities forecast capacity beyond what is needed for reliability.