Mothers, shareholders call on Dominion to clean up its act
Media Advisory for Tuesday, May 7, 201
Mothers, Shareholders Demand Dominion Energy Embrace Change Now
COLUMBIA, S.C. – Mothers Out Front, a grassroots group of mothers and caretakers dedicated to creating a livable climate for all children, is teaming up with allied organizations to call on Dominion Energy to clean up its act. The group, including Friends of the Earth, the North Carolina Alliance to Protect our People and the Places we live (NCAPPPL), South Carolina Poor People’s Campaign, Indivisible Virginia and Dominion Energy shareholders, will attend the Dominion Energy shareholder meeting and hold an urgent press conference immediately after the meeting on Tuesday, May 7 at 11:00 a.m.
Mothers and shareholders will call on Dominion to take concrete and meaningful actions to address climate change and help low-income families reduce their bills through increased efficiency. Fund managers with nearly $2 trillion in assets recently called on Dominion and other major electricity generators to commit to going carbon neutral. Mothers and Dominion shareholders will reiterate that call at the press conference.
Dominion Energy has not made real progress in helping low-income families lower their bills by becoming more energy efficient. Mothers Out Front and its allies will call on Dominion to make good on its promises to low-income ratepayers
Currently, the company is building costly, dangerous fracked gas pipelines along the East Coast that will substantially boost carbon emissions to the equivalent of forty-six coal fired plants. Dominion Energy has refused shareholders request to conduct an economic analysis on the Atlantic Coast Pipeline and energy experts have said there is no need for additional fracked gas infrastructure. Dominion needs to listen to their shareholders calling for them to cease pipeline construction in favor of sustainable, long-term investments in renewables.
Dominion's recent projects and business practices are harming the environment while putting shareholder values at greater risk. Former SCANA shareholders suffered financial losses due to the V.C. Summer debacle and are reticent to endure further losses from unnecessary and poorly executed projects like the Atlantic Coast Pipeline. Rate-payers suffered financial losses by paying for the V.C. Summer project and haven't received their money back that was invested in the project. They do not want to be saddled with the cost of another ill conceived project.
Last week’s news about Dominion’s first quarter losses fulfilled this Moody’s Investors Service’s prediction that changed its rating of the pipeline project to credit negative due to the project’s latest increases in costs and delays in construction. “As cost estimates continue to rise and as the completion date is pushed further out, Dominion’s path for financial improvement is starting to look more uncertain,” said Moody’s Vice President Ryan Wobbrock.
The press briefing will be held after the shareholder meeting concludes and will include mothers and shareholders who address the meeting. All speakers will be available for interview.
WHAT: Mothers and shareholders call on Dominion to clean up its act
WHO: Mothers Out Front and allies. Speakers will include:
- Mary Cerulli, a mother with Mothers Out Front
- Michele Cook, a leader with Mothers Out Front
- Freeda Cathcart and Pamela Greenlaw, Dominion Shareholders and former SCANA shareholders
- Drew Hudson, Friends of the Earth and a SC Dominion Ratepayer
- Tom Clarke From NC APPPL, an impacted landowner whose property has been seized through eminent domain to build the Atlantic Coast Pipeline.
- Pastor Leroy Cannon, Christ Mission, ELCA Lutheran, North Columbia
WHERE: University of South Carolina
900 Senate Street
Columbia, SC 29208
WHEN: Tuesday, May 7 at approximately 11:00 a.m. Individuals will begin to gather at 9:00 a.m. outside and inside the shareholder meeting.
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