Construction of Dominion Energy's Coastal Virginia Offshore Wind (CVOW) Project Has Not Been Delayed
Rhea-AI Summary
Dominion Energy, Inc. refutes claims of delay in the Coastal Virginia Offshore Wind (CVOW) project, stating they are false and misrepresentative. The company asserts that the project remains on track and within budget, dismissing the plaintiffs' petition as lacking merit.
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News Market Reaction – D
In the trading session that priced this news, D gained 0.02%, reflecting a mild positive market reaction.
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- CVOW construction has not been delayed or stayed, and any representation to the contrary is false
- Erroneous news releases blatantly and grossly misrepresent the facts
- The company strongly believes that the plaintiffs' petition is without merit
- CVOW remains on schedule and on budget consistent with previously disclosed timelines and costs
On April 29, anti-wind groups filed a petition in the United States District Court for the
Consistent with the construction schedule, installation of monopiles by the DEME-operated vessel "Orion" is expected to commence between May 6 and May 8. Therefore, any suggestion that any legal action has caused a delay to the construction timeline as of May 1, 2024, is false.
About Dominion Energy
About 6 million customers in 15 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in
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SOURCE Dominion Energy