Dominion Energy Inc Stock Price, News & Analysis

Dominion Energy (NYSE: D) will host its fourth-quarter 2022 earnings call on Feb. 8, 2023, at 10 a.m. ET. The management will discuss financial results and topics of interest to stakeholders. Investors can access a live webcast and accompanying slides on the company's investor information page. For those preferring to join via phone, domestic callers can dial 1-800-420-1271, while international callers should use 1-785-424-1634. A replay of the call will be available on the investor page later on the same day.

Dominion Energy is urging customers in Virginia and North Carolina to conserve energy due to extremely cold weather causing high demand on the electric grid. The company is experiencing elevated energy usage that is expected to persist over the coming days. To assist, customers are advised to set thermostats to 68 degrees or lower, turn off non-essential lights, unplug appliances, limit major equipment use, and ensure HVAC vents are unobstructed. Dominion Energy is also addressing weather-related outages and encourages reporting through their mobile app or website.

Dominion Energy (NYSE: D) has released an updated Climate Report outlining paths to achieve Net Zero carbon dioxide and methane emissions by 2050. This report aligns with the Paris Agreement and includes detailed scenario analyses for Scopes 1, 2, and material categories of Scope 3 emissions. New features include a comprehensive inventory of emissions, expanded physical risk analyses based on warming pathways, and discussions on equity and environmental justice. The report underscores Dominion's commitment to becoming the most sustainable energy company in America.

The Bureau of Ocean Energy Management has released a draft Environmental Impact Statement (EIS) for Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project, a 2.6-gigawatt initiative capable of powering 660,000 homes. A public comment period will last 60 days from December 16, 2022. The project is on schedule for offshore construction in 2024, with completion expected by late 2026. The $9.8 billion investment is projected to save Virginia customers up to $6 billion over the first decade. CVOW aims to create hundreds of jobs and plays a key role in the state’s clean energy goals.

Williams (NYSE: WMB) has announced a groundbreaking natural gas certification process in partnership with Coterra Energy and Dominion Energy Virginia. This program aims to provide verified, low-carbon natural gas with a focus on reducing methane emissions. Utilizing Context Labs’ Decarbonization-as-a-Service™ (DaaS™) platform, the certification tracks emissions across the entire value chain. The project is expected to prevent 120,000 metric tons of CO2e emissions over one year, aligning with sustainability goals.

The 39th annual Dominion Energy Christmas Parade in Richmond, VA, is set to take place on December 3, 2022, starting at 10 a.m. Grand Marshals Nutzy and Nutasha will lead a festive procession featuring themed floats, dance troupes, and marching bands along a 2.2-mile route. This year’s theme is "A Very RVA Christmas", celebrating Richmond's holiday spirit. Sponsored by the Dominion Energy Charitable Foundation, the parade showcases regional talent and is free for all spectators. For details, visit www.richmondparade.org.

On Utility Scam Awareness Day, Dominion Energy emphasizes customer vigilance against utility scams. The company highlights key warning signs, such as threats of immediate payment and service disconnection, which are not typical of their practices. Customers are reminded that Dominion Energy never demands payment via credit/debit cards or wire transfers. The advisory also notes that scammers often target small businesses, instilling urgency during peak hours. Dominion Energy encourages customers to hang up on suspicious calls, verify account information, and seek assistance for financial concerns.

Dominion Energy Virginia announces assistance programs to support customers facing high winter heating bills. President Ed Baine highlights the rise in fuel costs, indicating increased need for help. Key programs include EnergyShare, offering up to $600 for bill payments without income restrictions, and free energy efficiency upgrades for eligible families. Additional assistance options available through Virginia Department of Social Services and extended payment plans for overdue bills. The company aims to provide reliable, affordable energy to its 7 million customers across 15 states.

Dominion Energy (NYSE: D) has promoted Steven D. Ridge to the role of senior vice president and chief financial officer, succeeding James R. Chapman, who is leaving for a new finance position outside the utility sector. Ridge, with extensive experience in energy investment banking and prior roles in mergers and acquisitions, corporate strategy, and investor relations at Dominion, will commence his duties this month. Under Chapman's leadership, the company has transitioned towards state-regulated utility operations, aligning with decarbonization goals and a commitment to achieving Net Zero emissions by 2050.