Report
Charles Fishman
EUR 101.80 For Business Accounts Only

Atlantic Coast Pipeline Receives Constructive EIS From FERC; Dominion's Dividend Increases on Track

We are reaffirming our fair value estimates for Dominion Energy ($85), Duke Energy ($86), and The Southern Company ($50) after staff of the Federal Energy Regulatory Commission released its final Environmental Impact Statement for the proposed Atlantic Coast Pipeline, or ACP.
FERC staff concluded that the ACP would have some adverse effects, but we expect remediation costs to be immaterial. Dominion management indicated to us that its initial review of the recommendations was favorable and atten...
Underlying
Southern Company

Southern is a holding company. Through its subsidiaries, Alabama Power Company, Georgia Power Company, and Mississippi Power Company, the company is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service in Alabama, Georgia, and Mississippi. The company's Southern Power Company subsidiary develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The company's Southern Company Gas subsidiary is an energy services holding company whose primary business is the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Fishman

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