Dominion Resources Inc. (NYSE:D) announced that it has filed a lawsuit in response to the Sierra Club’s claim that it has the authority to block Dominion’s plan to build a natural gas liquefaction project at Cove Point.
As quoted in the press release:
The plain language of a 2005 agreement, to which Dominion and the Sierra Club are parties, specifically permits all the activities related to the planned liquefaction project, Dominion said in a complaint filed with the Circuit Court of Calvert County, Md.
“This project is of immense value to Calvert County, the state of Maryland and the United States,” said Gary L. Sypolt, CEO of the company’s Dominion Energy business unit. “We have a long history of working with our environmental partners at Cove Point. Although the Sierra Club has chosen not to work with us in this instance, we are confident we are right and believe the best time to resolve this issue is now.”