Welcome to our dedicated page for Dominion Energy news (Ticker: D), a resource for investors and traders seeking the latest updates and insights on Dominion Energy stock.
Dominion Energy provides regulated electric and natural gas utility service and reports recurring developments tied to earnings, dividends, rate proceedings, generation projects, and customer operations. The company serves electric customers in Virginia, North Carolina, and South Carolina, provides regulated natural gas service in South Carolina, and develops and operates regulated offshore wind and solar power.
Company news commonly covers GAAP and operating earnings, guidance, board dividend actions, Public Service Commission matters involving Dominion Energy South Carolina, utility-safety programs such as 811 reminders, vegetation management agreements, and community initiatives in its service territories.
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On April 14, 2023, the Virginia State Corporation Commission approved nearly two dozen solar and energy storage projects by Dominion Energy Virginia. These projects will generate over 800 megawatts of carbon-free electricity, enough to power 200,000 homes. Expected fuel savings for customers exceed $250 million in the first decade. The initiative aims to enhance energy reliability and affordability while supporting economic growth in Virginia, projected to deliver more than $920 million in economic benefits and thousands of jobs. Construction costs will add approximately $0.38 to the average residential customer's monthly bill, with completion expected by 2025. Dominion Energy continues its commitment to providing sustainable energy solutions.
Dominion Energy (NYSE: D) announced the retirement of senior vice president & chief nuclear officer Daniel G. Stoddard, effective August 1, 2023, after 17 years with the company. He has overseen the nuclear fleet operations for the past seven years. The company has appointed Eric S. Carr, previously with PSEG Nuclear, as president-Nuclear Operations starting June 5, 2023, and he will take on the chief nuclear officer role on July 1, 2023. Robert M. Blue, CEO, praised Stoddard's leadership in ensuring reliable energy production. Carr brings over 20 years of nuclear industry experience and has managed significant operations in New Jersey. Dominion Energy serves around 7 million customers across 16 states and is committed to achieving Net Zero emissions by 2050.