Dominion Energy (NYSE: D) discloses BOEM 90-day pause on CVOW project work

Rhea-AI Filing Summary

Dominion Energy, Inc. reported that the U.S. Department of Interior’s Bureau of Ocean Energy Management (BOEM) has ordered a 90-day suspension of work for the Coastal Virginia Offshore Wind (CVOW) project. The order, issued on December 22, 2025, is effective immediately and applies to OSW Project LLC, the project entity in which Dominion’s subsidiary Virginia Electric and Power Company holds 50% of the membership interests. Dominion also released a press statement about the suspension, which is included as an exhibit to this report.

Positive

• None.

Negative

• Regulatory work suspension for major project: BOEM ordered an immediate 90-day halt of all activities on the Coastal Virginia Offshore Wind project, in which a Dominion subsidiary owns 50%.

Insights

Utility and infrastructure risk analyst

BOEM’s 90-day work suspension introduces regulatory and timing risk for CVOW.

BOEM’s Director ordered an immediate 90-day suspension of all ongoing activities for the Coastal Virginia Offshore Wind project, which is being developed through OSW Project LLC. Dominion’s regulated utility subsidiary, Virginia Electric and Power Company, owns 50% of this entity, so any delay or change in project status can affect a key strategic generation asset.

The order pauses work rather than terminating the project, but it creates uncertainty around schedule and potential cost or contractual effects, which are not detailed here. Because offshore wind projects are typically capital intensive and long dated, a regulatory work stoppage from BOEM is a notable development for risk assessment.

Subsequent company communications and future SEC reports may clarify whether the suspension leads to revisions in project timelines, costs, or development plans following the end of the 90-day period starting on December 22, 2025.

DOMINION ENERGY, INC false 0000715957 0000715957 2025-12-22 2025-12-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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) December 22, 2025

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 (see General Instruction A.2. below):

☐ 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		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 December 22, 2025, Dominion Energy, Inc. (the Company) issued a press release in response to the U.S. Department of Interior’s Bureau of Ocean Energy Management (BOEM) Director’s Order for a 90-day suspension of work for the Coastal Virginia Offshore Wind (CVOW) project. A copy of the press release 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 December 22, 2025, BOEM issued a Director’s Order, effective immediately, to OSW Project LLC to suspend all ongoing activities related to the Coastal Virginia Offshore Wind (CVOW) project for the next 90 days. Virginia Electric and Power Company, a subsidiary of the Company, holds 50% of the membership interests of OSW Project LLC.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit 99.1		Press Release dated December 22, 2025*
Exhibit 104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Furnished herewith.

SIGNATURE

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
		/s/ David M. McFarland
Name:		David M. McFarland
Title:		Vice President – Investor Relations and Treasurer

Date: December 22, 2025

FAQ

What did Dominion Energy (D) disclose about the Coastal Virginia Offshore Wind project?

Dominion Energy disclosed that BOEM issued a Director’s Order, effective immediately on December 22, 2025, requiring a 90-day suspension of all ongoing activities for the Coastal Virginia Offshore Wind (CVOW) project.

Who issued the 90-day suspension affecting Dominion Energy’s CVOW project?

The suspension was issued by the U.S. Department of Interior’s Bureau of Ocean Energy Management (BOEM) through a Director’s Order to OSW Project LLC.

What is Dominion Energy’s interest in the CVOW project entity OSW Project LLC?

Dominion Energy stated that Virginia Electric and Power Company, its subsidiary, holds 50% of the membership interests in OSW Project LLC, the entity developing the CVOW project.

How long will work on the Coastal Virginia Offshore Wind project be suspended?

The BOEM Director’s Order requires a suspension of all ongoing activities for 90 days starting from its effective date of December 22, 2025.

Did Dominion Energy issue any public communication about the BOEM suspension?

Yes. Dominion Energy issued a press release dated December 22, 2025 in response to the BOEM Director’s Order, which is included as Exhibit 99.1.

Does this 8-K say the BOEM suspension information is filed or furnished?

The company states that the information in Item 7.01 and Exhibit 99.1 is being furnished and will not be deemed “filed” for purposes of Section 18 of the Exchange Act.