Compared to rates at time of original request in March and offset by fuel cost reduction and other factors, settlement's rate request would represent net 1% increase for residential customer's electric rate Significant proposed customer benefits include bill credit, additional energy efficiency funds No change to Dominion Energy's existing financial guidance Dominion Energy South Carolina, Inc. , a wholly owned subsidiary [...]
Dominion Energy Virginia today announced it has issued a Request for Proposals from leading SMR nuclear technology companies to evaluate the feasibility of developing an SMR at the company's North Anna Power Station in Louisa County, Va. While the RFP is not a commitment to build an SMR at North Anna, it is an important first step in evaluating the technology and the North Anna site to support Dominion Energy customers [...]
40,000-acre lease, currently known as Kitty Hawk North Wind, will be renamed CVOW-South and could support 800 MW of offshore wind generation capacity in the 2030s Acquisition provides optionality to deploy additional regulated offshore wind generation to serve unprecedented electric demand growth using all-of-the-above approach supportive of goals of Virginia Clean Economy Act Transaction value of ~$160 million consists [...]
Dominion Energy will host its second-quarter 2024 earnings call at 10 a.m. ET on Thursday, Aug. 1, 2024. Management will discuss matters of interest to financial and other stakeholders including recent financial results. A live webcast of the conference call, including accompanying slides and other financial information, will be available on the investor information pages at investors.dominionenergy.com. For individuals [...]
It's summer, and the hot weather is here. Dominion Energy Virginia is reminding customers of simple energy-saving tips, as well as all the programs that help customers save even more on their energy use and provide bill payment assistance for those in need. "Air conditioning is the most energy intensive appliance in your home, so our customers use a lot more energy when it's hot outside," said Ed Baine, President of [...]
Nearly $3 million awarded to over 200 nonprofits in Virginia Grants awarded to 373 organizations across seven states Funding supports human needs, environmental stewardship, education, and community vitality The Dominion Energy Charitable Foundation recently awarded more than $4.2 million in grants to nonprofit organizations across seven states. These recipients will expand nutritious options in communities facing food [...]
$113,000 awarded to 13 nonprofits in North Carolina Grants awarded to 373 organizations across seven states Funding supports human needs, environmental stewardship, education, and community vitality The Dominion Energy Charitable Foundation recently awarded more than $4.2 million in grants to nonprofit organizations across seven states. These recipients will expand nutritious options in communities facing food insecurity [...]
Dominion Energy Inc. , today announced the expiration and final results of its previously announced tender offer to purchase for cash any and all of its outstanding 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, without par value, with a $1,000 liquidation preference per share , at a purchase price of $997.50 per share, plus Accrued Dividends . The Offer expired one minute after 11:59 [...]
Milestone marks significant progress in the company's Strategic Underground Program Program reduces outages and restoration time by burying lines in most outage-prone areas Company reminds customers how to prepare for hurricane season Just ahead of the Atlantic hurricane season, Dominion Energy Virginia has finished burying 2,000 miles of previously-overhead power lines as part of its Strategic Underground Program [...]
RICHMOND, Va., June 3, 2024 /PRNewswire/ -- Dominion Energy Inc. , today announced closure of the sale of its Salt Lake City, Utah-based natural gas utility Questar Gas Company, and its cost-of-service gas supply company, Wexpro Company, to Enbridge Inc. for approximately $4.3 billion, including assumed indebtedness and adjusted for customary closing items. This transaction was previously announced on Sept. 5, 2023 [...]
Coastal Virginia Offshore Wind remains on budget and on schedule with construction expected to conclude in late 2026 DEME Group's heavy lift vessel, the Orion, erects the first of 176 monopile foundations Dominion Energy announced today the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind , the largest offshore wind farm under construction in the United States, was installed approximately 29 [...]
The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock. Dividends are payable on June 20, 2024, to shareholders of record at the close of business May 31, 2024. This is the 385th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared Jan. 26, 2024. View original [...]
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