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 announced it is offering $1 million in grants of up to $25,000 each to nonprofit organizations across its service area to address critical community needs. This initiative, now in its sixth year, aims to assist with urgent needs such as housing, medical services, and food security. Eligible organizations in states including Virginia and North Carolina can apply until May 31, 2021. This program has previously supported over 200 nonprofits and highlights Dominion's ongoing commitment to community support amidst the pandemic.
Dominion Energy Virginia's recent filing with the Virginia State Corporation Commission outlines its performance from 2017 to 2020, emphasizing reliability and customer value amid a challenging environment, including the COVID-19 pandemic. Key points include a proposed reinvestment of $26 million in renewable generation, competitive customer rates remaining stable, and a significant forecast of $28 billion in investments over five years for clean energy initiatives. The company is seeking to increase its return on equity from 9.2% to 10.8% to support these investments.
On March 2, 2021, six major utilities, including Dominion Energy, announced the formation of the Electric Highway Coalition. This initiative aims to create a seamless network of DC fast chargers for electric vehicles (EVs) across significant U.S. regions. The coalition plans charging station installations to facilitate long-distance EV travel, addressing common concerns about charging access. The Edison Electric Institute forecasts 18 million EVs on U.S. roads by 2030, highlighting the growing demand for convenient charging solutions.
Dominion Energy and the Library of Virginia recently honored five African-American leaders at the ninth annual "Strong Men & Women in Virginia History" awards ceremony. The event celebrated individuals who have made significant contributions to society, highlighting their roles as community leaders. Awardees included political activists, educators, and a state senator, with one individual honored posthumously. The ceremony also recognized four high school students for their essays on social justice, each receiving a MacBook Air and $1,000 for their schools. Dominion Energy continues to support community initiatives.
Dominion Energy (NYSE: D) announced a $1 million contribution to the Lawyers' Committee for Civil Rights Under Law to support social justice initiatives. This donation is part of a broader effort, including a $5 million commitment to various organizations focused on equality and community rebuilding. The funds will help tackle pressing civil rights issues, particularly around education, hate crimes, and voting rights. Dominion has previously pledged $25 million to historically Black colleges and universities and $10 million for scholarships benefiting minority students.
Dominion Energy (NYSE: D) is scheduled to hold its annual meeting of shareholders on May 5, 2021, at 9:30 a.m. ET. The meeting details will be provided in a proxy statement that will be sent to shareholders in late March. This event is significant for investors as it will address key corporate governance and operational strategies.
Dominion Energy is actively working to restore power in Virginia after two ice storms caused extensive damage. Over 7,000 crew members from multiple states are on site to assist. Approximately 2,600 customers remain without power as of 5:30 PM. Damage has been particularly severe in Central Virginia, including areas like Midlothian and Farmville. The company acknowledges the challenges posed by ice and falling trees and emphasizes safety for both customers and crews. Dominion Energy aims to restore service quickly while also providing support to other affected energy providers.
Dominion Energy is mobilizing resources for a significant restoration effort in Virginia as a second winter storm impacts the region. The storm, characterized by ice and freezing rain, has affected approximately 1,200 customers without power as of 6 p.m. on February 18, 2021. The company has deployed crews and equipment in anticipation of further outages. Dominion Energy emphasizes the importance of customer preparedness and advises reporting any power outages through their app or hotline.
Dominion Energy Virginia is preparing for a second ice storm expected to cause significant power outages, following a recent storm that affected over 290,000 customers. Restoration efforts are ongoing, with nearly 99% of outages addressed. The company has mobilized over 6,000 workers from multiple regions to tackle the aftermath. Customers are advised to prepare for potential long-term outages, as the new storm could exacerbate conditions. Dominion calls for patience and emphasizes the need for safety precautions during storm-related power outages.
Dominion Energy Virginia is actively restoring power following the devastating ice storm of February 2021 that left over 290,000 customers without service. As of Tuesday evening, nearly 95% of outages have been resolved, with fewer than 17,000 still affected. More than 6,000 workers from various states and Canada are involved in restoration efforts. The company is monitoring forecasts for additional ice and urges customers to prepare for potential outages. Safety guidelines emphasize reporting downed lines and proper generator use.