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 is actively restoring power after a severe ice storm affected Central and Southern Virginia. Over 290,000 customers lost electricity since Saturday morning, with over 85% already restored as of Monday afternoon. The restoration efforts involve more than 6,000 workers and 800 trucks, with nearly 7,000 damaged locations identified. The majority of customers are expected to have power restored by Tuesday. The company emphasizes safety and efficiency in its restoration process, prioritizing critical facilities and customer reporting of outages.
Dominion Energy is actively restoring power following a widespread ice storm that impacted over 290,000 customers in Central and Southern Virginia. As of Sunday afternoon, over 175,000 customers have had their service restored by more than 5,700 workers and 600 bucket trucks. The storm, noted as the worst since January 2000, caused significant damage including broken poles and downed power lines. Restoration efforts are prioritized for essential public services and aimed at returning power to the largest number of customers.
Dominion Energy Virginia is actively restoring power to over 145,000 customers affected by an ice storm that began on February 13, 2021. The storm caused significant damage, with more than 220,000 customers losing power due to downed lines and broken poles. Crews are working around the clock to restore services, prioritizing critical facilities first. Customers are advised to report outages via the Dominion Energy app or hotline. The company emphasizes safety precautions around downed lines and generator use. Dominion Energy serves over 7 million customers across 16 states.
Dominion Energy (NYSE: D) reported a net income of $682 million ($0.82 per share) for Q4 2020, down from $1.0 billion ($1.21 per share) in Q4 2019. The company faced a net loss of $401 million ($0.57 per share) for the full year, compared to a gain of $1.4 billion ($1.62 per share) in 2019. Operating earnings fell to $672 million ($0.81 per share) in Q4, while full-year operating earnings rose slightly to $3.0 billion ($3.54 per share). The guidance for 2021 suggests operating earnings between $3.70 and $4.00 per share.
On January 26, 2021, Dominion Energy honored five nonprofit arts organizations across Virginia with the 2021 Dominion Energy ArtStars awards, recognizing their contributions to creative education. Each organization, with annual budgets under $1 million, received a $10,000 grant to support arts programs. The recipients include Arts for Learning, Art for the Journey, Fairfax Symphony Orchestra, Halestone Foundation, and The Origin Project. Dominion Energy aims to support community causes, having contributed over $58 million in 2020.
Dominion Energy's board has declared a quarterly dividend of 63 cents per share, set to be paid on March 20, 2021. This dividend will benefit shareholders of record as of March 5, 2021. The announcement marks the 372nd consecutive dividend paid by Dominion Energy and its predecessor company, underscoring the company's commitment to returning income to shareholders. The previous dividend was declared on November 4, 2020.
Dominion Energy has been honored with the Emergency Response Award from the Edison Electric Institute for its exceptional recovery efforts following Hurricane Isaias. The hurricane impacted over 508,000 customers in Virginia, marking the 10th largest restoration effort in the company's history. Dominion restored power within three days after peak disruptions. This recognition reflects the dedication of the company's frontline employees, especially during challenging times, including the ongoing pandemic.
Dominion Energy has awarded $1.3 million in grants to 118 organizations focused on environmental education and stewardship across eight states. This initiative reflects the company's commitment to enhancing natural spaces and supporting community projects. Over the past 15 years, Dominion has contributed more than $37 million to various environmental efforts. Notable grants this year include funding for the Audubon Society of Northern Virginia and Utah State University. The grants aim to improve accessibility to nature and promote ecological education for future generations.
Dominion Energy (NYSE: D) has acquired a 150-megawatt solar facility in Hardin County, Ohio, from Invenergy. This marks Dominion's first solar investment in Ohio, with plans to enhance its clean energy portfolio. The solar power generated will be contracted to Facebook under a long-term agreement. With over 2,200 megawatts of solar capacity operational and an additional 3,500 megawatts in development, Dominion aims for net-zero emissions by 2050. The acquisition strengthens Dominion's partnership with Invenergy and aligns with corporate sustainability goals.
Dominion Energy (NYSE: D) will hold its fourth-quarter 2020 earnings call on Feb. 12, 2021, at 10 a.m. ET. Management will discuss financial results and other key topics for stakeholders, with an expected duration of 60 to 90 minutes. A live webcast will be available on the investor website, along with accompanying slides. Participants can join via phone, with specific dialing instructions provided. A replay of the webcast and a telephonic recording will be accessible later on the same day.