College mutual fund VA529 owns Sabal Trail stranded assets

Update 2016-12-08: Letter sent to VA529 board: PDF.

Do the parents and grandparents who bought Virginia529 funds as safe investments for future college know VA529 is the biggest mutual fund investor in risky investments Spectra Energy of Sabal Trail and Enbridge of the Dakota Access Pipeline? Maybe you’d like to point that out to Mary G. Morris, the Chief Executive Officer of Virginia529 College Savings Plan, the biggest mutual fund investor in both Spectra Energy and in Enbridge, which is buying Spectra.

Sabal Trail through Suwannee River State Park

There’s a handy VA529 contact form or you can call or write:

Toll-Free: 1-888-567-0540
9001 Arboretum Parkway
North Chesterfield, VA 23236

Maybe you’d like to write before this Thursday morning December 8th 2016, when VA529’s board has an Investment Advisory Committee and a board meeting:

All meetings held in the Board Room at the Virginia529 College Savings Plan’s office at 9001 Arboretum Parkway, North Chesterfield, VA 23236 unless otherwise noted.

Public comment accepted at the beginning of all meetings.

VA529 also owns stock in Duke Energy, another Sabal Trail partner. For details, see: America’s largest college mutual fund VA529 owns Spectra Energy, a stranded investment.

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Divest Spectra, Enbridge, and Duke.

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