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) has announced its preparedness for expected winter weather impacts in South Carolina this weekend. The company is anticipating a wintry mix of precipitation across parts of its service territory on Friday and has positioned crews to respond to potential power outages.
The company has established contact with neighboring utilities and contract companies to secure additional resources if needed. Dominion Energy South Carolina President Keller Kissam emphasized the unpredictable nature of winter weather and the company's readiness to respond.
The announcement includes safety recommendations for customers, including creating emergency kits, avoiding downed power lines, and utilizing the Dominion Energy app for outage reporting. The company serves 3.6 million homes and businesses with electricity in Virginia, North Carolina, and South Carolina, and provides natural gas service to 500,000 customers in South Carolina.
Dominion Energy (NYSE: D) has announced its fourth-quarter 2024 earnings conference call, scheduled for February 12, 2025, at 10 a.m. ET. The company will present financial results and discuss matters relevant to stakeholders through a live webcast available at investors.dominionenergy.com. Participants can join via telephone using the conference ID 'DOMINION' (domestic: 1-800-445-7795, international: 1-785-424-1699).
The company serves 3.6 million electricity customers across Virginia, North Carolina, and South Carolina, plus 500,000 natural gas customers in South Carolina. Dominion Energy is a leading developer of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England.
Dominion Energy Virginia announces winter energy-saving initiatives and assistance programs. The company provides tips for energy conservation, including setting thermostats to 68°, regular air filter maintenance, and proper insulation measures. Key programs include:
- Virtual Energy Audits with free energy savings kits
- Budget Billing to avoid seasonal bill fluctuations
- Energy Usage Alerts for consumption monitoring
- Percentage of Income Payment Plan (PIPP) for income-challenged customers
- EnergyShare program offering up to $600 in bill assistance from October to May
The company serves 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina, with additional natural gas service to 500,000 South Carolina customers.
Dominion Energy (NYSE: D) announced that Diane Leopold, Executive Vice President and Chief Operating Officer, will retire on June 1, 2025, after a 36-year career in energy, including 30 years at Dominion. During the transition, Ed Baine will become President-Utility Operations and Dominion Energy Virginia, while Eric Carr will become Chief Nuclear Officer and President-Nuclear Operations and Contracted Energy. Leopold will maintain oversight of major construction projects including the Coastal Virginia Offshore Wind project and Charybdis. She joined Dominion in 1995, became an officer in 2004, and has held various executive roles before assuming her current position in 2020.
Dominion Energy (NYSE: D) announced the redemption of all outstanding shares of its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, effective December 15, 2024. The redemption price is set at $1,000 per share, with 360,410 shares outstanding representing approximately $360 million in total liquidation preference. A semi-annual dividend of $23.25 per share will be paid separately on December 16, 2024. This redemption aligns with the company's plans to utilize proceeds from its May 2024 $2 billion enhanced junior subordinated notes issuance.
Dominion Energy has successfully completed its first monopile installation season for the Coastal Virginia Offshore Wind (CVOW) project, installing 78 monopile foundations and 4 offshore substation foundations. The 2.6-gigawatt project, located 27 miles off Virginia Beach, is 43% complete and remains on-budget and on schedule for completion in late 2026. The project will include 176 turbines capable of powering 660,000 homes and is expected to generate $3 billion in fuel savings over its first decade. The next installation season begins May 2025, with current focus on substation installation and cable laying. Nearly 1,000 Virginia-based workers are currently engaged in the project.
Dominion Energy (NYSE: D) reported third-quarter 2024 GAAP net income of $1.12 per share ($954 million), compared to $0.16 per share ($157 million) in Q3 2023. Operating earnings were $0.98 per share ($835 million), up from $0.75 per share ($651 million) in the same period last year. The company narrowed its full-year 2024 operating earnings guidance to $2.68-$2.83 per share, maintaining the original midpoint of $2.75. Dominion Energy also reaffirmed its 2025 operating earnings guidance of $3.25-$3.54 per share.
Dominion Energy (NYSE: D) has announced its quarterly dividend declaration of 66.75 cents per share of common stock. The dividend will be paid on December 20, 2024, to shareholders of record as of November 29, 2024. This marks the company's 387th consecutive dividend payment, maintaining its consistent dividend distribution history. The previous quarterly dividend was declared on July 31, 2024.
Dominion Energy has closed a transaction to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) commercial project to Stonepeak. This partnership improves Dominion Energy's business risk profile and concludes its ~$21 billion debt reduction initiatives. Key points:
- Dominion Energy retains full operational control of CVOW
- Stonepeak will fund 50% of project construction costs
- The 2.6-gigawatt CVOW is on schedule for completion in late 2026
- CVOW will power up to 660,000 homes with clean, renewable energy
- Dominion Energy received $2.6 billion at closing
This transaction marks the successful completion of Dominion Energy's business review, improving its balance sheet and establishing a renewed focus as a pure-play, state-regulated electric utility business.
Dominion Energy Virginia and Amazon have signed a Memorandum of Understanding (MOU) to explore innovative development structures for potential Small Modular Reactor (SMR) nuclear development in Virginia. This collaboration aims to address the unprecedented 5% annual power demand growth in Virginia, expected to double in the next 15 years. SMRs could play a important role in Dominion Energy's 'all-of-the-above' energy mix in the 2030s, offering carbon-free power with a smaller footprint and lower upfront costs than traditional nuclear plants.
The agreement seeks to advance SMR development and financing while mitigating risks for customers and capital providers. It aligns with Dominion Energy's commitment to credit and risk profile objectives from its recent business review. The collaboration is supported by Virginia Governor Glenn Youngkin and U.S. Senators Mark Warner and Tim Kaine, who view it as a significant step towards meeting future power needs and positioning Virginia as a nuclear innovation hub.