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) announced leadership changes effective October 1, 2020. Thomas F. Farrell, II will transition from CEO to executive chair, retaining Board chair responsibilities. Robert M. Blue will be promoted to president and CEO, while Diane Leopold becomes the sole COO. Edward H. Baine is promoted to president of Dominion Energy Virginia. This transition is part of a succession plan aimed at strengthening leadership as the company focuses on sustainable energy strategies. Farrell emphasizes the importance of this leadership team for future growth.
Dominion Energy (NYSE: D) has announced a quarterly dividend of 94 cents per share, set to be paid on September 20, 2020. Shareholders must be on record by the market close on September 4, 2020. This marks the 370th consecutive dividend payment for the company, indicating a strong commitment to returning value to shareholders. The previous quarterly dividend was declared on May 6, 2020.
On July 23, 2020, Dominion Energy (NYSE: D) announced a significant $35 million initiative aimed at promoting higher education equity for 11 historically black colleges and universities across Virginia, Ohio, North Carolina, and South Carolina. The program includes $25 million in funding for selected institutions and a $10 million scholarship fund for African American and underrepresented minority students in the company's service area. The initiative focuses on operational needs, urgent capital support, endowments, and scholarships to enhance educational opportunities.
Dominion Energy (NYSE: D) has announced a $35 million initiative aimed at supporting African American and underrepresented minority students. This six-year program will focus on historically black colleges and universities in Virginia, Ohio, North Carolina, and South Carolina. Furthermore, a $10 million scholarship fund will be established to assist students across the company's service area. This initiative builds on nearly 40 years of support for educational equity and follows a recent $5 million commitment for social justice efforts.
Dominion Energy (NYSE: D) will hold its second-quarter earnings conference call on July 31, 2020, at 10 a.m. ET. During this call, management will discuss financial results and other key topics for investors. Callers can join by dialing 1-800-341-6228 for domestic or 1-334-777-6993 for international access, using the passcode 69931782#. A live webcast will also be available on the investor site. A replay of the call starts at 2 p.m. ET on the same day and will be accessible until August 7.
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Dominion Energy offers several programs to help customers save on energy bills as summer heat increases amid the pandemic. Customers can access discounts on energy-efficient products and appliances, potentially saving up to $100 on select items. The Smart Cooling Rewards Program allows participants to earn a $40 credit while reducing energy demand. Other tips include adjusting thermostats, running appliances at night, and closing blinds. Since 2008, the company has saved 760 gigawatt hours and provided over $177 million in rebates. Dominion Energy aims for net-zero carbon emissions by 2050.
Dominion Energy Ohio is enhancing support for customers experiencing financial hardship due to COVID-19. The company offers flexible payment options for past due balances and increased funding for the EnergyShare program, which aids those in need. Following a suspension of disconnections since March, Dominion Energy plans to gradually resume normal credit operations after August 3. Key initiatives include the Budget Plus payment plan, waiver of deposit requirements, and a $150,000 increase in EnergyShare funds. Customers are encouraged to utilize these resources during this challenging time.