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 Inc. (NYSE: D) is a leading integrated energy provider delivering electricity and natural gas to millions through regulated utilities and renewable infrastructure. This news hub offers investors and stakeholders centralized access to official updates and market-moving developments.
Track critical announcements including quarterly earnings results, regulatory filings, offshore wind project milestones, and grid modernization initiatives. Our curated collection ensures timely access to operational updates, leadership changes, and strategic partnerships that shape Dominion Energy's position in the evolving energy sector.
Key coverage areas include rate case decisions, nuclear facility updates, renewable energy expansions, and infrastructure investment plans. Bookmark this page for efficient monitoring of D's operational performance and regulatory engagements across its East Coast service territories.
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.
Dominion Energy reported a third-quarter 2022 GAAP net income of $778 million ($0.91 per share) compared to $654 million ($0.79 per share) in Q3 2021. Operating earnings for the same period remained steady at $944 million ($1.11 per share). The company has narrowed its full-year 2022 operating earnings guidance to $4.03 to $4.18 per share and expects Q4 earnings between $0.98 and $1.13 per share. A comprehensive review is underway to enhance shareholder value and address economic challenges, including inflation and higher fuel prices.
Dominion Energy has declared a quarterly dividend of 66.75 cents per share, scheduled for payment on Dec. 20, 2022, to shareholders of record by Dec. 2, 2022.
This marks the 379th consecutive dividend payment by Dominion or its predecessor. The last quarterly dividend was announced on Aug. 3, 2022.
Dominion Energy Virginia, along with key stakeholders, has filed a settlement agreement regarding the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project, aimed at balancing costs and stakeholder interests. If approved by the State Corporation Commission, the agreement would protect customers from unforeseen construction cost increases and enhance performance reviews. The project, with an estimated investment of $9.8 billion, is projected to generate clean energy for 660,000 homes by late 2026 and could save Virginia customers up to $6 billion over its first decade of operation.
Dominion Energy Virginia has proposed nearly two dozen solar and energy storage projects in its annual clean energy filing, aiming to generate over 800 megawatts (MW) of power, enough for 200,000 homes. The initiative is expected to create approximately 4,800 jobs and generate over $920 million in economic benefits. The projects aim to enhance renewable energy use, leading to reduced fuel costs for Virginia customers. The projects require state and local approvals and are projected to be completed between 2023 and 2025, adding an estimated $0.38 to residential bills.
On October 11, 2022, Dominion Energy announced the distribution of $1.2 million in grants to 185 nonprofit organizations across eight states, with nearly $450,000 allocated to 68 organizations in Virginia. The focus of these grants is on crucial human services such as housing, health care, and food security. This marks the seventh consecutive year that Dominion has donated over $1 million to support community needs, demonstrating its ongoing commitment to social impact and community welfare.
The 39th Annual Dominion Energy Christmas Parade in Richmond, VA, celebrates 'A Very RVA Christmas' with Nutzy and Nutasha, the Flying Squirrels mascots, serving as Grand Marshals. The parade starts at 10 a.m. on December 3, 2022. Led by Parade Director Beth Karrer, the event features traditional Christmas elements, including colorful balloons, marching bands, and the Legendary Santa. Dominion Energy, serving around 7 million customers, is a major sponsor and contributed nearly $50 million to community causes in 2021.
Dominion Energy (NYSE: D) has announced its third-quarter 2022 earnings call scheduled for 10 a.m. ET on November 4, 2022. This call will cover recent financial results and matters of interest to stakeholders. Interested parties can access a live webcast on the investor information pages. For telephone participation, domestic callers should dial 1-800-343-1703, while international callers can reach 1-785-424-1601 with a passcode of 37551. A replay will be available by the end of the day.
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