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News updates from September 6: Latest Eurozone data clouds economic outlook, WeWork to renegotiate most of its leases
Dominion Energy to sell three natural gas units to Enbridge for $14bn
...Dominion Energy, one of the US’s biggest utilities, has agreed to sell its natural gas distribution business to pipeline giant Enbridge in a $14bn deal that highlights the seismic shifts taking place as...
September 5, 2023
News updates from September 5: Oil rises above $90 a barrel, Spanish women’s football manager sacked
Dominion Energy to sell three natural gas units to Enbridge for $14bn
...Dominion Energy, one of the US’s biggest utilities, has agreed to sell its natural gas distribution business to pipeline giant Enbridge in a $14bn deal that highlights the seismic shifts taking place as...
September 5, 2023
FT Live
Energy Transition Summit India
Delivering clean energy to capitalise on green opportunities
Tuesday, 8 OctoberNew Delhi, Delhi, India
LexEnbridge Inc
Enbridge/Dominion: shrinking Virginian sells to confident Canadian Premium content
...The business, best known for oil and gas pipelines, plans to spend $14bn in total on acquiring three natural gas utilities from Dominion Energy. Virginia’s Dominion has been in steady retreat....
September 6, 2023
Utilities
Enbridge in $14bn deal for Dominion gas utilities as US energy mix shifts
...Dominion Energy, one of the US’s biggest utilities, has agreed to sell its natural gas distribution business to Canadian pipeline giant Enbridge in a $14bn deal that highlights momentous shifts taking place...
September 5, 2023
Electric power
Resurgent US electricity demand sparks power grid warnings
...Peak power required by the industry doubled between 2018 and 2022 to 2,767 megawatts, according to Dominion Energy, the main utility in the region....
January 12, 2024
Natural gas
AI revolution will be boon for natural gas, say fossil fuel bosses
...Dominion Energy, which supplies Virginia’s fast-growing data centre sector, said in a recent strategic plan that until zero-carbon energy could offer constant power, gas units would be the “most affordable...
April 1, 2024
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Special ReportNuclear Energy
Nuclear industry strains to meet demands of power-hungry data
...In Virginia — home to the biggest concentration of data centres in the world — Green Energy Partners has made a similar move, buying 640 acres next to Dominion’s Surry nuclear plant....
March 21, 2024
Energy sector
Bets on energy transition spark rise in North American pipeline deals
...Enbridge, another Canadian pipeline company, this month announced the $14bn purchase of the natural gas distribution business of Dominion Energy, one of the biggest US utilities, hailing a “once in a generation...
September 23, 2023
US Election Countdown
Biden claims $100mn lead over Trump
...Shapiro, a Biden ally, said the tension between addressing the climate crisis and preserving shale jobs was “a false choice”, arguing that natural gas could play a role in the green energy transition....
April 9, 2024
US Inflation Reduction Act
Green energy investment headwinds threaten Joe Biden’s climate targets
...The utility Dominion Energy this week won regulatory approval to build a 2.6GW offshore wind farm in Virginia....
November 4, 2023
Fox Corporation
Fox to face trial in $1.6bn Dominion voting machine defamation case
...about Dominion are false....
March 31, 2023
Live news updates from July 11: Microsoft-Activision deal clears hurdle, Apple to sell products on WeChat
Berkshire Hathaway agrees $3.3bn deal for 50% stake in US LNG plant
...Warren Buffett is pouring more money into bets on fossil fuels, with Berkshire Hathaway agreeing a $3.3bn deal to acquire Dominion Energy’s 50 per cent share in a liquefied natural gas terminal....
July 10, 2023
Live news updates from July 10: Erdoğan to support Sweden’s Nato bid, Chinese PPI slumps
Berkshire Hathaway agrees $3.3bn deal for 50% stake in Cove Point LNG plant
...Warren Buffett is pouring more money into bets on fossil fuels, with Berkshire Hathaway agreeing a $3.3bn deal to acquire Dominion Energy’s 50 per cent share in the Cove Point liquefied natural gas terminal...
July 10, 2023
The Week Ahead
Fed and BoE set interest rates and oil majors report
...Dominion settled a similar case against Fox in April this year for more than $787mn....
October 29, 2023
FirstFT
FirstFT: Global regulators set sights on stricter banking rules
...A Delaware judge has delayed the start of the Fox News-Dominion Voting Systems trial by a day, raising expectations of a last-minute settlement....
April 17, 2023
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
ReviewBiography and memoir
The Fall by Michael Wolff — a combative view of Murdoch’s endgame
...There is a parallel between the gossipy, scurrilous energy that Murdoch brought to his tabloids and that of this biographer....
October 27, 2023
Due Diligence
The private equity deal behind Murdoch’s $787.5mn loss Premium content
...The result is trillions of pounds sitting in pension funds that could’ve been used to fuel domestic investment in UK tech, infrastructure, defence and energy assets instead....
April 20, 2023
John Gapper
Rupert Murdoch pays a high price for his Fox News buccaneers
...Fiction perhaps, but it captures nicely the dark energy of Rupert Murdoch, chair of Fox Corporation and the closest real-life model for Roy....
April 21, 2023
Due Diligence
The race for bank deposits Premium content
...Eversheds Sutherlands has poached Herbert Smith Freehills’ infrastructure M&A finance lead David Wyles as global co-head of energy and infrastructure finance....
April 19, 2023
Due Diligence
The ‘blood oath’ that made Jamie Dimon a savvy shareholder Premium content
...Fox Corporation has hired Adam Ciongoli, general counsel at Campbell Soup, to replace its top lawyer Viet Dinh, who resigned from the company following its $787.5mn settlement of defamation claims by Dominion...
November 10, 2023
LexJonathan Guthrie
The Lex Newsletter: Burning Man, burning platform, burning planet Premium content
...So does Enbridge, a Canadian pipeline group that is buying three gas utilities from Dominion Energy of the US for $14bn....
September 8, 2023
FirstFT
FirstFT: Fed warns of ‘mild’ recession this year
...Dominion vs Fox: Jury selection begins for voting-machine maker Dominion’s $1.6bn defamation lawsuit against Fox News. Five more top stories 1....
April 13, 2023
World
The FT’s year in review
...James Politi in Washington India to overtake China as world’s most populous country, UN says Fox agrees $787.5mn settlement in defamation case from voting machine maker Dominion EY scraps ‘Project Everest...
December 22, 2023
Due Diligence
Can Sequoia get its spark back? Premium content
...News round-up Enbridge in $14bn deal for Dominion gas utilities as US energy mix shifts (FT) Ontario Teachers’ fund acquires UK wealth manager 7IM (FT) Chinese developer Country Garden avoids default...
September 6, 2023
Renewable energy
Wind power executives worry over US offshore ambitions
...Amanda Lefton, director of the US Bureau of Ocean Energy Management, said: “We have significantly evolved our processes and continue to do so.”...
October 24, 2022

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