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 regulated utility headquartered in Richmond, Virginia that provides electricity to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to approximately 500,000 customers in South Carolina. The company’s news flow reflects its role in regulated power and gas distribution, large-scale clean energy projects, and ongoing engagement with regulators, investors, and customers.
On this page, readers can follow Dominion Energy news related to quarterly and annual earnings announcements, dividend declarations, and guidance updates, as described in the company’s press releases and Form 8-K filings. These items often include discussions of GAAP and non-GAAP operating earnings, segment performance for Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy, and commentary on factors affecting results.
Dominion Energy’s news also covers project and regulatory developments, such as updates on the Coastal Virginia Offshore Wind (CVOW) project and actions by the U.S. Department of the Interior’s Bureau of Ocean Energy Management. Statements from the company describe how CVOW and other projects relate to Virginia’s growing energy demand, national security considerations, and the expansion of offshore wind and solar power.
Customer-focused announcements highlight energy-saving programs, bill management tools, and assistance options, including Peak Time Rebates, virtual energy audits, home energy evaluations, Energy Usage Alerts, Budget Billing, and bill payment assistance programs. Dominion Energy also issues seasonal reminders on topics such as utility scam awareness.
By reviewing the news feed for D, investors and observers can see how Dominion Energy communicates about its financial performance, regulatory environment, major capital projects, customer programs, and risk factors that may influence its long-term utility operations.
Dominion Energy (NYSE: D) reported a net income of $285 million ($0.33 per share) for Q2 2021, a notable recovery from a net loss of $1.2 billion ($1.52 per share) in Q2 2020. Operating earnings stood at $628 million ($0.76 per share), slightly down from $630 million ($0.73 per share) a year earlier. The company reaffirmed its Q3 2021 operating earnings guidance of $0.95 to $1.10 per share and a full-year guidance range of $3.70 to $4.00 per share. Additionally, Dominion plans to discuss detailed financial results in an earnings call today at 10 a.m. ET.
Dominion Energy's board has declared a quarterly dividend of 63 cents per share, payable on September 20, 2021, to shareholders of record by September 3, 2021. This marks the company's 374th consecutive dividend payment, illustrating its strong commitment to shareholder returns. The previous dividend was announced on May 5, 2021.
North American Crane Bureau Group (NACB), a subsidiary of ProBility Media Corp (OTCPK: PBYA), has launched a multi-phase contract with Dominion Energy (NYSE: D) and Westlake Petrochemical (NYSE: WLK). Starting in August, the Westlake program focuses on crane operator training, ensuring participants are prepared for NCCER certification, crucial for OSHA compliance. Additionally, the Dominion contract includes various rigging programs at their Columbia, SC facility, preparing participants for NCCER rigger certifications. NACB boasts over 400 safety programs annually and holds significant industry credentials.
Summary not available.
Dominion Energy (NYSE: D) and Berkshire Hathaway Energy announced the termination of the planned sale of Questar Pipelines due to uncertainties with Federal Trade Commission clearance. This decision, effective July 9, 2021, does not affect the previous sale of gas transmission assets completed in November 2020. Dominion is initiating a competitive sale process for Questar Pipelines, aiming for completion by year-end 2021. The company will account for the pipelines as discontinued operations and plans to secure a 364-day loan to repay a $1.3 billion deposit to Berkshire Hathaway Energy.
Dominion Energy (NYSE: D) will hold its Q2 2021 earnings call on Aug. 6, 2021, at 10 a.m. ET. Management will discuss recent financial results and key topics of interest for stakeholders. The earnings call will be accessible via webcast and telephone. Domestic callers can join by dialing 1-800-341-6228, while international participants can call 1-334-777-6993. A replay will be available shortly after the call. Dominion, serving over 7 million customers across 16 states, focuses on sustainable energy and aims for net zero emissions by 2050.
Dominion Energy South Carolina (DESC) and the South Carolina Office of Regulatory Staff submitted a settlement for a general electric rate case, awaiting approval from the Public Service Commission. The agreement, supported by all stakeholders, aims to sustain reliable and affordable energy. Starting September 1, typical residential bills will rise by 1.46%, while DESC commits $15 million for overdue balance forgiveness and energy efficiency upgrades. The proposed settlement also anticipates a net revenue increase of $35.6 million and retains DESC's existing financial guidance without new rate cases until July 2023.
Dominion Energy announced the Bureau of Ocean Energy Management (BOEM) will publish a Notice of Intent (NOI) for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm planned in the U.S. This marks an important regulatory milestone, ensuring the project's construction remains on track for 2026. The CVOW project is expected to power 660,000 homes and create significant economic impact, generating around 900 jobs during construction and 1,100 jobs annually once operational. The project aligns with Virginia's clean energy goals and Dominion's commitment to net zero emissions by 2050.
Dominion Energy Virginia, alongside Firefly Fiber Broadband and other partners, has entered into a Memorandum of Understanding to enhance broadband access in Central Virginia. This initiative aims to provide fiber-optic broadband services to over 25,000 unserved households and businesses, pending regulatory approval. The project is supported by bipartisan legislation and reflects an effort to modernize infrastructure while improving internet accessibility for rural areas. The partnership is set to include phased deployment and engineering studies for efficient planning.
Dominion Energy Virginia is advancing its Grid Transformation Plan with a new proposal for Phase II, involving a capital investment of approximately $669 million from 2022 to 2023. This phase focuses on enhancing reliability, integrating distributed energy resources, and modernizing the electric distribution grid. The company aims to improve energy management tools and increase access to clean energy. Phase I has already improved grid reliability and customer service. Importantly, no rate increases for customers are expected due to this investment.