Dominion Energy (NYSE: D) raises CVOW costs and targets early 2027 finish

Rhea-AI Filing Summary

Dominion Energy, Inc. filed a current report describing updated expectations for its Coastal Virginia Offshore Wind (CVOW) project. Estimated total project costs, inclusive of contingency and excluding financing costs, have risen from approximately $11.2 billion to approximately $11.5 billion, reflecting temporary work suspension tied to a December 2025 Bureau of Ocean Energy Management Director’s Order and additional estimated tariff-related costs.

The company now expects CVOW to be completed in early 2027. Dominion also posted an investor presentation on its website with further updates on the project, which is furnished as Exhibit 99.1 but not deemed filed for liability purposes.

Insights

Infrastructure & Utilities Analyst

Dominion raises CVOW cost estimate and pushes completion to early 2027.

Dominion Energy updated investors on the Coastal Virginia Offshore Wind project, lifting the estimated total project cost from $11.2 billion to $11.5 billion, inclusive of contingency and excluding financing. The change is linked to a temporary work suspension and higher expected tariff-related costs.

The update also shifts anticipated project completion to early 2027. The filing ties delays to a December 2025 Director’s Order from the Bureau of Ocean Energy Management and a subsequent preliminary injunction in January 2026. Financial impact will depend on how these higher capital costs translate into future allowed returns and customer rates.

Dominion furnished an investor presentation dated January 30, 2026 with additional CVOW details. Subsequent regulatory and project-status disclosures in future company filings may further clarify schedule risk, cost evolution, and implications for the project’s long-term economics.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 30, 2026

DOMINION ENERGY, INC

(Exact name of Registrant as Specified in Its Charter)

Virginia			001-08489	54-1229715
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
600 East Canal Street
Richmond, Virginia				23219
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (804) 819-2284

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		D		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On January 30, 2026, Dominion Energy, Inc. (the Company) posted a presentation to its investor relations website concerning certain updates on the Coastal Virginia Offshore Wind (CVOW) project. A copy of the presentation is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information in this Item 7.01 and Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such filing.

Item 8.01 Other Events.

On January 30, 2026, Dominion Energy provided an update for the CVOW project including changes in total project cost and expected completion date that reflect the temporary suspension of work from the December 2025 U.S. Department of Interior’s Bureau of Ocean Energy Management Director’s Order until a preliminary injunction was issued in January 2026 as well as additional estimated costs associated with tariffs. Estimated total project costs for CVOW, inclusive of contingency and excluding financing costs, have increased from approximately $11.2 billion to approximately $11.5 billion. The project is now expected to be completed in early 2027.

Item 9.01 Financial Statements and Exhibits.

Exhibits
99.1		Presentation dated January 30, 2026*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			DOMINION ENERGY, INC. Registrant
Date:	January 30, 2026	By:	/s/ David M. McFarland
			David M. McFarland Vice President - Investor Relations and Treasurer

FAQ

What project update did Dominion Energy (D) provide on the Coastal Virginia Offshore Wind project?

Dominion Energy reported an updated outlook for its Coastal Virginia Offshore Wind project, including higher expected total project costs and a revised completion timeline. The company also posted a detailed investor presentation, furnished as Exhibit 99.1, describing these CVOW changes and related developments.

How much have Dominion Energy’s CVOW project costs increased according to the 8-K filing?

The estimated total cost for Dominion Energy’s Coastal Virginia Offshore Wind project increased from approximately $11.2 billion to approximately $11.5 billion. This figure includes contingency and excludes financing costs, reflecting both the temporary suspension of work and additional expected tariff-related expenses.

When is Dominion Energy’s Coastal Virginia Offshore Wind project now expected to be completed?

Dominion Energy now expects the Coastal Virginia Offshore Wind project to be completed in early 2027. The revised schedule incorporates the impact of a temporary work suspension following a December 2025 Director’s Order and the timing of a preliminary injunction issued in January 2026.

What caused the change in Dominion Energy’s CVOW schedule and cost estimates?

The changes reflect a temporary suspension of work after a December 2025 Bureau of Ocean Energy Management Director’s Order and resumption following a January 2026 preliminary injunction, along with added estimated tariff costs. These factors led to higher projected capital needs and a later completion date.

What information did Dominion Energy furnish as Exhibit 99.1 in this 8-K?

Dominion Energy furnished a presentation dated January 30, 2026 as Exhibit 99.1, posted on its investor relations website. The presentation provides additional details on updates to the Coastal Virginia Offshore Wind project, including cost estimates, timing expectations, and context around recent regulatory-related developments.

Is the information about Dominion Energy’s CVOW update considered filed for liability purposes?

No. The company states that the information in Item 7.01 and Exhibit 99.1 is furnished, not filed, under the Exchange Act. As a result, it is not subject to Section 18 liabilities and is only incorporated into other filings if specifically referenced there.