Dominion Energy, Inc. - D STOCK NEWS

Dominion Energy (NYSE: D) has partnered with Troutman Pepper to advocate for veterans' educational benefits through a Supreme Court petition. The case involves James R. Rudisill, a decorated veteran, seeking full access to educational benefits under both the Post-9/11 and Montgomery GI Bills. Currently, the VA limits veterans like Rudisill to 10 months of Post-9/11 benefits unless they forfeit their Montgomery benefits, affecting millions of veterans. The petition aims to restore the legislative intent and ensure veterans receive the full 48 months of education benefits they are entitled to. A ruling in favor could benefit approximately 1.7 million veterans.

Dominion Energy (NYSE: D) has announced its annual meeting of shareholders scheduled for May 10, 2023, at 9:30 a.m. ET in Richmond, Virginia. The meeting's details will be provided in the proxy statement, which will be delivered to shareholders in late March 2023. This event is significant for shareholders as it provides an opportunity for engagement and to discuss the company's performance and future strategies. Dominion Energy is a key player in the energy sector, and this annual meeting will likely address vital topics affecting stakeholders.

Dominion Energy's board of directors has approved a 2023 dividend rate of $2.67 per share, which is subject to quarterly determination. Additionally, the company declared a quarterly dividend of 66.75 cents per share of common stock, payable on March 20, 2023, to shareholders of record by the close of business on March 3, 2023. This marks the 380th consecutive dividend paid to shareholders, showcasing the company's commitment to maintaining reliable returns. Dominion Energy services approximately 7 million customers across 16 states, focusing on sustainability and achieving Net Zero emissions by 2050.

Dominion Energy (NYSE: D) reported a fourth-quarter 2022 net loss of $42 million ($0.07 per share), a significant decline from $1.3 billion ($1.63 per share) in Q4 2021. For the full year 2022, the company achieved a net income of $994 million ($1.09 per share), compared to $3.3 billion ($3.98 per share) in 2021. However, operating earnings rose to $903 million ($1.06 per share) for Q4 2022, up from $752 million ($0.90 per share) in Q4 2021. The guidance for first-quarter operating earnings is projected between $0.97 and $1.12 per share. A live earnings call will be held on February 8, 2023, to discuss these results.

The Dominion Energy Charitable Foundation has awarded $1.3 million in grants to 97 environmental organizations across eight states, with over $400,000 designated for 35 organizations in Virginia. This funding supports initiatives focused on environmental education and stewardship. Projects funded include ecological restoration, the creation of parks, and educational programs aimed at promoting biodiversity and sustainability. Over the past 17 years, the Foundation has contributed $40 million to similar environmental projects, reinforcing Dominion Energy's commitment to sustainability in the communities it serves.

Dominion Energy (NYSE: D) will host its fourth-quarter 2022 earnings call on Feb. 8, 2023, at 10 a.m. ET. The management will discuss financial results and topics of interest to stakeholders. Investors can access a live webcast and accompanying slides on the company's investor information page. For those preferring to join via phone, domestic callers can dial 1-800-420-1271, while international callers should use 1-785-424-1634. A replay of the call will be available on the investor page later on the same day.

Dominion Energy is urging customers in Virginia and North Carolina to conserve energy due to extremely cold weather causing high demand on the electric grid. The company is experiencing elevated energy usage that is expected to persist over the coming days. To assist, customers are advised to set thermostats to 68 degrees or lower, turn off non-essential lights, unplug appliances, limit major equipment use, and ensure HVAC vents are unobstructed. Dominion Energy is also addressing weather-related outages and encourages reporting through their mobile app or website.

Dominion Energy (NYSE: D) has released an updated Climate Report outlining paths to achieve Net Zero carbon dioxide and methane emissions by 2050. This report aligns with the Paris Agreement and includes detailed scenario analyses for Scopes 1, 2, and material categories of Scope 3 emissions. New features include a comprehensive inventory of emissions, expanded physical risk analyses based on warming pathways, and discussions on equity and environmental justice. The report underscores Dominion's commitment to becoming the most sustainable energy company in America.

The Bureau of Ocean Energy Management has released a draft Environmental Impact Statement (EIS) for Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project, a 2.6-gigawatt initiative capable of powering 660,000 homes. A public comment period will last 60 days from December 16, 2022. The project is on schedule for offshore construction in 2024, with completion expected by late 2026. The $9.8 billion investment is projected to save Virginia customers up to $6 billion over the first decade. CVOW aims to create hundreds of jobs and plays a key role in the state’s clean energy goals.