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.
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.
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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.
Dominion Energy released its second annual Diversity, Equity, and Inclusion (DE&I) Report, highlighting significant progress in 2021. Diverse hiring rose from 50.7% to 57.5%, and workforce representation increased to 35.5%. The company aims to achieve 40% diverse workforce representation by 2026. In 2021, Dominion spent $1 billion with diverse suppliers, a 24.5% increase from 2020, and contributed $11.4 million to DE&I organizations. The firm has been recognized as one of the Best Employers for Diversity by Forbes and received accolades for supporting LGBTQ+ equality.
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On Sept. 19, 2022, Dominion Energy Utah announced that its CarbonRight program has enrolled its 1,000th customer in under six months. For just $5 monthly, customers can offset 100% of their carbon emissions from natural gas usage. Each 1,000 participants equate to removing roughly 900 cars from the road or planting 7,000 trees. The program is voluntary and supports sustainability by sourcing verified carbon offsets from local landfill and reforestation projects. Dominion Energy ensures no profit from this initiative, aiming to help customers reduce their carbon footprint.