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 Charitable Foundation has recognized five nonprofit arts organizations in Virginia as the 2022 Dominion Energy ArtStars. Each organization, operating with annual budgets under $1 million, received a $10,000 grant to support arts and cultural education programs. Winners include Todd Rosenlieb Dance, Dogtown Dance Theatre, Encore Stage & Studio, Charlottesville Ballet, and Clifton Forge School of the Arts. This initiative highlights the commitment to inspire creativity and support local communities. In 2021, Dominion Energy contributed over $48 million to community causes across 13 states.
Dominion Energy is launching the CarbonRight program in Utah and Idaho to help customers offset their carbon emissions from natural gas use. Starting March 2022, customers can participate voluntarily by purchasing carbon offsets for $5 per month, potentially achieving 'net zero' emissions. The offsets originate from certified projects aimed at reducing landfill emissions and enhancing forest management. This initiative aligns with Dominion's commitment to sustainable energy and aims to improve Utah's air quality.
Dominion Energy Charitable Foundation has awarded $1.5 million in environmental stewardship grants to 115 organizations across 10 states. These grants support community efforts to enhance environmental education and conservation. Notable projects funded include Audubon South Carolina's avian research, Blue Sky Fund's nature-based education for elementary students, and Girl Scouts of Connecticut's STEM program. Over the past 16 years, the foundation has contributed over $38 million to various environmental projects. This commitment reflects Dominion Energy's mission to promote environmental stewardship.
Dominion Energy Virginia is gearing up for a winter storm set to impact its service area starting January 16, 2022. The anticipated storm may bring snow, ice, sleet, and high winds, posing a risk of power outages. To enhance response efforts, Dominion has mobilized crews with assistance from utilities as far as Louisiana and Oklahoma. Preparations include replenishing essential resources in areas critically affected during the previous storm. Customers are advised to report outages via the Dominion Energy app or hotline and prepare emergency kits.
Dominion Energy (NYSE: D) is set to host its fourth-quarter 2021 earnings call on February 11, 2022, at 10 a.m. ET. Key financial results will be discussed during this call, accessible via live webcast on the investor information pages. For those preferring to join by phone, specific dial-in numbers are provided for domestic and international callers, along with a passcode. A replay will be available later the same day on their investor site. Dominion Energy serves around 7 million customers across 13 states and is committed to achieving net-zero emissions by 2050.
The Virginia State Corporation Commission approved Phase II of Dominion Energy's Grid Transformation Plan, enabling over $650M in investments for 2022 and 2023. This plan aims to optimize the electric grid for distributed energy resources, including renewable energy, energy storage, and electric vehicles. The initiative aligns with Virginia's decarbonization goals and ensures affordable rates while enhancing reliability. Dominion Energy is committed to achieving net zero emissions by 2050, and this phase focuses on integrating smart technology to improve grid operations.
Dominion Energy Virginia has restored power to approximately 330,000 of the nearly 400,000 customers affected by a severe winter storm. As of January 5, 2022, the company is deploying 4,800 crews and about 900 mutual aid workers from nine states to assist in restoration efforts, especially in heavily impacted areas like Charlottesville and Fredericksburg. Despite progress, further storms are on the horizon, prompting the company to encourage customers to prepare for additional outages. For updates, visit DominionEnergy.com.
Dominion Energy Virginia is actively restoring power to customers affected by a severe winter storm, which has led to around 400,000 power outages. As of Tuesday at 3 p.m., over 290,000 customers have had their services restored. The storm is categorized as one of the five worst in the company's history, with restoration efforts ongoing, particularly in areas like Charlottesville and Fredericksburg.
Dominion Energy is prepared for possible further weather disruptions this week and encourages customers to stay informed and report outages.
Dominion Energy (NYSE: D) announced the successful closing of the $1.975 billion sale of Questar Pipelines to Southwest Gas Holdings (NYSE: SWX). The deal, finalized on December 31, 2021, includes the assumption of $430 million in debt. Questar Pipelines features FERC-regulated transportation and underground storage assets located in Utah, Wyoming, and Colorado. This sale is part of Dominion Energy's strategy to streamline operations and focus on sustainable energy.
Dominion Energy is expanding its Solar for Students program to solicit new sites in Virginia, North Carolina, and South Carolina. The initiative, funded by a grant from the Dominion Energy Charitable Foundation to the NEED Project, aims to provide K-12 students with hands-on solar energy education through photovoltaic systems. Applications are open until January 30, 2022, for schools within Dominion's service area, with at least 10 sites set to receive solar installations in 2022. Dominion is committed to achieving net zero carbon and methane emissions by 2050.