The Next Big Energy Project Dominion Investors Need to Watch

Dominion Energy (NYSE: D) had a date with the Supreme Court to discuss its Atlantic Coast Pipeline project. A decision won't be known for months, but the case is on investors' minds right now because winning or losing will have a sizable impact on Dominion's ability to get this project done. But this isn't the only thing the diversified U.S. utility has been doing or has on the drawing board. Though Wall Street is focused on the Atlantic Coast Pipeline, you should also make sure to watch what Dominion is doing in the waters off the coast of Virginia.

In April 2018, Dominion Energy opened the Cove Point liquefied natural gas (LNG) terminal in Maryland. It was only the second such LNG export terminal to open in the United States. The project was a $4 billion, multiyear investment backed by 20-year take or pay contracts. Impressively, the project went off with minimal problems, showing that Dominion is capable of successfully handling big projects.

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Source Fool.com