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 leading integrated energy provider delivering electricity and natural gas to millions through regulated utilities and renewable infrastructure. This news hub offers investors and stakeholders centralized access to official updates and market-moving developments.
Track critical announcements including quarterly earnings results, regulatory filings, offshore wind project milestones, and grid modernization initiatives. Our curated collection ensures timely access to operational updates, leadership changes, and strategic partnerships that shape Dominion Energy's position in the evolving energy sector.
Key coverage areas include rate case decisions, nuclear facility updates, renewable energy expansions, and infrastructure investment plans. Bookmark this page for efficient monitoring of D's operational performance and regulatory engagements across its East Coast service territories.
Dominion Energy (NYSE: D) has announced executive leadership changes effective June 1, 2025, following the retirement of Diane Leopold, Executive Vice President and Chief Operating Officer. The reorganization includes new responsibilities for several senior executives:
- Edward H. Baine will oversee utility operations in Virginia, North Carolina, and South Carolina
- Eric S. Carr will lead the seven-reactor nuclear fleet and Contracted Energy segment
- Carlos M. Brown will assume oversight of Project Construction and become Executive VP, Chief Administrative and Projects Officer
- Mark D. Mitchell will be promoted to President-Project Construction
- Regina J. Elbert will become Senior VP and Chief Legal and Human Resources Officer
Dominion Energy serves 3.6 million electricity customers across three states and provides natural gas service to 500,000 customers in South Carolina. The company is a leading developer of regulated offshore wind and solar power, and the largest producer of carbon-free electricity in New England.
Dominion Energy (NYSE: D) has announced its first-quarter 2025 earnings conference call, scheduled for Thursday, May 1, 2025, at 11 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 1-800-245-3047 (domestic) or 1-203-518-9765 (international) with conference ID 'DOMINION'. A replay will be available online and via phone (1-800-839-9886 domestic, 1-402-220-2191 international) with passcode 17292.
Dominion Energy serves 3.6 million electricity customers across Virginia, North Carolina, and South Carolina, plus 500,000 natural gas customers in South Carolina. The company is a leading developer of regulated offshore wind and solar power, and the largest carbon-free electricity producer in New England.
Dominion Energy Virginia (NYSE: D) has filed proposals with the Virginia State Commission for new base and fuel rates. The company requests its first base rate increase since 1992, proposing increases of $8.51 per month in 2026 and $2.00 per month in 2027 for typical residential customers.
The rate adjustments reflect rising costs in labor, materials, and equipment, as well as power capacity and fuel costs. A separate fuel rate increase of $10.92 monthly for typical residential customers is proposed to take effect July 1, 2025, which includes the expiration of a $3.99 fuel credit.
The company's residential rates have increased approximately 40% lower than inflation over the past decade. Additionally, Dominion Energy is proposing a new rate class for high energy users, including data centers, requiring a 14-year commitment to pay for requested power capacity.
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.
