Duke Energy, Dominion abandon $8 billion Atlantic Coast Pipeline

The $8 billion, 600-mile long Atlantic Coast Pipeline is dead. Dominion Energy Inc. and Duke Energy Corp. are canceling the project because of continuing court delays likely to drive the price tag higher. That would threaten the economic viability of the project, they say. And bound up in the cancellation is Dominion’s decision, announced separately, to sell it gas transmission business to Berkshire Hathaway Energy for $4 billion in cash and the assumption of $5.7 billion in debt. Duke (NYSE:…