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.
PJM Interconnection has selected multiple electric transmission projects to be jointly developed by Dominion Energy (D), American Electric Power, and FirstEnergy through their newly formed Valley Link Transmission Company joint venture. The projects will span across Virginia, West Virginia, and Maryland.
The key developments include:
- A 260-mile 765-kilovolt transmission line with two substations between Putnam County, WV and Frederick County, MD
- A 155-mile 765-kV transmission line with a substation between Campbell County, VA and Fauquier County, VA
- A new substation in Caroline County, VA
These infrastructure investments aim to address the region's growing power demands, enhance grid reliability, and support economic development. The projects are in early development stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.
PJM Interconnection has selected multiple electric transmission projects to be jointly developed by FirstEnergy Transmission, Dominion Energy, and American Electric Power through its Transource Energy affiliate. The companies will collaborate through the newly formed Valley Link Transmission Company joint venture.
The selected projects include:
- A 260-mile 765-kilovolt transmission line and two substations between Putnam County, WV, and Frederick County, MD
- A 155-mile 765-kV transmission line and substation between Campbell County, VA, and Fauquier County, VA
- A new substation in Caroline County, VA
The projects, proposed through PJM's Regional Transmission Expansion Plan Open Window process in September 2024, aim to address reliability needs, support economic development, and meet growing power demands across Virginia, West Virginia, and Maryland. The development is in early stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.
Dominion Energy (NYSE: D) reported full-year 2024 GAAP net income of $2.44 per share and operating earnings of $2.77 per share, compared to $2.33 and $1.95 per share respectively in 2023. Fourth-quarter 2024 GAAP net income was $0.15 per share with operating earnings of $0.58 per share.
The company narrowed its 2025 operating earnings guidance range to $3.28 to $3.52 per share, maintaining the original midpoint of $3.40 per share. Dominion Energy reaffirmed its long-term operating earnings per share growth guidance of 5% to 7% through 2029, based on the 2025 operating earnings per share midpoint of $3.30 (excluding RNG 45Z).
Despite worse-than-normal weather conditions in regulated service areas, the company delivered 2024 operating earnings per share in the top half of its guidance range while maintaining reliable service and achieving near-record employee safety performance.
Dominion Energy (NYSE: D) and the Library of Virginia announced their 2025 Strong Men & Women in Virginia History honorees, marking the 13th year of this program celebrating African American leaders. The honorees include Lieutenant Governor Winsome Earle-Sears, House Speaker Don Scott, composer Damien Geter, forensic scientist Kelly L. Knight, and librarian Virginia Young Lee (posthumously).
The program, which merged two Black History Month initiatives in 2013, includes a traveling exhibition featuring the honorees' biographical information. Additionally, high school students participated in a creative contest, with Matthew Peng from Meridian High School winning the competition. The program showcases the achievements of African American business and community leaders who have made significant contributions to Virginia.
Dominion Energy (NYSE: D) provided updates on its Coastal Virginia Offshore Wind (CVOW) project, which remains on schedule for completion by end of 2026. The 2.6 GW project is approximately 50% complete, having installed the first 16 transition pieces and received its first offshore substation.
The total project cost has increased ~9% from $9.8B to $10.7B, primarily due to higher network upgrade costs assigned by PJM and increased onshore electrical interconnection costs. The project maintains a $222M contingency. Under cost-sharing mechanisms, 50% of costs above $10.3B will be borne by project owners, not customers.
The expected average impact on typical residential customers (1,000 kWh/month) is 43 cents per month. The project's updated levelized cost of energy is ~$62. Stonepeak, a non-controlling equity partner, will fund 50% of project costs up to $11.3B. Dominion Energy expects a Q4 2024 charge of ~$100M but reaffirms its 2025 operating EPS guidance and 5-7% long-term growth through 2029.
Dominion Energy (NYSE: D) has announced its board of directors declared a quarterly dividend of 66.75 cents per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of the close of business on February 28, 2025.
This marks the 388th consecutive dividend payment by Dominion Energy or its predecessor company to common stock holders. The company's previous quarterly dividend was declared on October 31, 2024.
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.