Deals
Utilities Buying Gas Pipelines Better Watch Out for Batteries
- Natural-gas pipelines seen as good bet with power use slowing
- Battery storage, cheaper wind and solar threaten strategy
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Efforts by utilities to buy U.S. natural-gas pipelines to make up for lackluster power use could be upended if the shift toward renewables accelerates.
Duke Energy Corp., Dominion Resources Inc. and Eversource Energy are among companies spending billions to expand into pipeline networks that link distant gas-producing regions to areas where demand is increasing.