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Questar Pipelines sale terminated - Offshore Energy

Questar Pipelines sale terminated - Offshore Energy
offshore-energy.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from offshore-energy.biz Daily Mail and Mail on Sunday newspapers.

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Dominion Energy pulls plug on second new office tower downtown

Dominion Energy pulls plug on second new office tower downtown
Courtesy of Dominion Energy)
Dominion Energy won’t be adding another tower to the downtown skyline after all. Blame the pandemic and Warren Buffet.
The Richmond-based utility giant confirmed on Friday it has for the foreseeable future decided to scrap its plans for 700 Canal Place, an office building it has had on the drawing board for several years for the site of its former One James River Plaza building.
Planned for 17 stories with 900,000 square feet, 700 Canal Place would have been a slightly smaller twin to Dominion’s 600 Canal Place, which was completed in 2019. ....

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Dominion Energy's Dividend Cut Shows the Danger of High Debt

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A debt-laden Dominion Energy recently cut its payout. Here, its Whitehouse solar project in Louisa County, Va.
Courtesy of Dominion Energy
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For utilities, especially ones with regulated businesses like electricity transmission, dividend cuts are rare even in challenging times like those brought on by Covid-19.
One exception is
Dominion Energy
(ticker: D). The company, based in Richmond, Va., cut its payout early last month in declaring a fourth-quarter dividend of 63 cents a share, down 33% from 94 cents previously. The stock, which yields 3.4%, has returned about minus 6% this year.
Although Dominion is lowering its debt load and retains investment-grade credit ratings, the dividend cut is a cautionary tale. “The bottom line was that Dominion got overextended,” says John Bartlett, a portfolio manager and analyst at Reaves Asset Management. ....

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