Dominion Energy has sold its natural gas transmission business to Berkshire Hathaway for USD 4 bn + debt, and cancels the cost-soaring 1.5 Bcf/d Atlantic Coast pipeline project while marking a move towards cleaner energy (net zero by 2050) for the US while shifting from gas transport and storage â despite holding on to an interest in Cove Point LNG facility. Much of the company's future operating earnings will be from its utility business. The company plans to invest up to USD 55 bn in ways to reduce emissions, including renewable gas, and the retirement of oil and coal-fired power plants. Through this deal, Buffet's Berkshire takes on nearly 13,000km of gas transmission lines and 21 Bcf/d capacity.
United States, Dominion Energy has sold its natural gas transmission business to Berkshire Hathaway for USD 4 bn + debt, and cancels the cost-soaring 1.5 Bcf/d Atlantic Coast pipeline project while marking a move towards cleaner energy (net zero by 2050) for the US while shifting from gas transport and storage â despite holding on to an interest in Cove Point LNG facility. Much of the company's future operating earnings will be from its utility business. The company plans to invest up to USD 55 bn in ways to reduce emissions, including renewable gas, and the retirement of oil and coal-fired power plants. Through this deal, Buffet's Berkshire takes on nearly 13,000km of gas transmission lines and 21 Bcf/d capacity.