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), headquartered in Richmond, VA, is a leading provider of electricity and natural gas, servicing approximately 7 million customers across 13 states. The company's mission is to deliver sustainable, reliable, affordable, and safe energy.
Dominion Energy is committed to achieving net zero emissions of carbon dioxide and methane from its power generation and gas infrastructure operations by 2050. One of the company's most significant recent achievements includes the launch of Charybdis, the United States' first Jones Act-compliant offshore wind turbine installation vessel. This vessel marks a crucial step in the company's Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm under construction in the U.S., aimed to generate enough renewable energy to power 660,000 homes by 2026.
Financially, Dominion Energy recently reported a net income of $674 million for the first quarter of 2024. The company continues to provide robust financial guidance, affirming its full-year 2024 operating earnings range of $2.62 to $2.87 per share. Dominion Energy also conducted a tender offer for its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, reflecting its strategic financial maneuvers to optimize its capital structure.
The company is actively involved in various partnerships and community engagements. It has more than 800 Virginia-based workers engaged in the CVOW project, creating significant local job opportunities and driving economic development.
For the latest updates and detailed information about Dominion Energy, please visit DominionEnergy.com.
On October 11, 2022, Dominion Energy announced the distribution of $1.2 million in grants to 185 nonprofit organizations across eight states, with nearly $450,000 allocated to 68 organizations in Virginia. The focus of these grants is on crucial human services such as housing, health care, and food security. This marks the seventh consecutive year that Dominion has donated over $1 million to support community needs, demonstrating its ongoing commitment to social impact and community welfare.
The 39th Annual Dominion Energy Christmas Parade in Richmond, VA, celebrates 'A Very RVA Christmas' with Nutzy and Nutasha, the Flying Squirrels mascots, serving as Grand Marshals. The parade starts at 10 a.m. on December 3, 2022. Led by Parade Director Beth Karrer, the event features traditional Christmas elements, including colorful balloons, marching bands, and the Legendary Santa. Dominion Energy, serving around 7 million customers, is a major sponsor and contributed nearly $50 million to community causes in 2021.
Dominion Energy (NYSE: D) has announced its third-quarter 2022 earnings call scheduled for 10 a.m. ET on November 4, 2022. This call will cover recent financial results and matters of interest to stakeholders. Interested parties can access a live webcast on the investor information pages. For telephone participation, domestic callers should dial 1-800-343-1703, while international callers can reach 1-785-424-1601 with a passcode of 37551. A replay will be available by the end of the day.
Dominion Energy released its second annual Diversity, Equity, and Inclusion (DE&I) Report, highlighting significant progress in 2021. Diverse hiring rose from 50.7% to 57.5%, and workforce representation increased to 35.5%. The company aims to achieve 40% diverse workforce representation by 2026. In 2021, Dominion spent $1 billion with diverse suppliers, a 24.5% increase from 2020, and contributed $11.4 million to DE&I organizations. The firm has been recognized as one of the Best Employers for Diversity by Forbes and received accolades for supporting LGBTQ+ equality.
On Sept. 19, 2022, Dominion Energy Utah announced that its CarbonRight program has enrolled its 1,000th customer in under six months. For just $5 monthly, customers can offset 100% of their carbon emissions from natural gas usage. Each 1,000 participants equate to removing roughly 900 cars from the road or planting 7,000 trees. The program is voluntary and supports sustainability by sourcing verified carbon offsets from local landfill and reforestation projects. Dominion Energy ensures no profit from this initiative, aiming to help customers reduce their carbon footprint.
Dominion Energy (NYSE: D) announced the closure of its sale of Hope Gas, Inc., its West Virginia natural gas utility, to a subsidiary of Hearthstone Holdings, Inc. for $690 million. The sale, which has been adjusted for customary closing items, was initially announced on Feb. 11, 2022. Hope Gas serves 111,000 customers and operates over 5,200 miles of pipelines in West Virginia. The transaction received all necessary regulatory approvals and allows Dominion to focus on its remaining assets, including the Mt. Storm Power Station.
Hearthstone Holdings, Inc. has successfully acquired 100% of Hope Gas, Inc., a regulated gas distribution company in West Virginia, from Dominion Energy. As part of this strategic move, Hearthstone plans to relocate its headquarters to Morgantown and hire approximately 100 additional employees. The acquisition aims to enhance local energy services and collaborate with local natural gas producers. Hope Gas serves over 111,000 customers across 35 counties in West Virginia, boasting a significant pipeline infrastructure of 3,200 miles of main and 2,000 miles of gathering pipes.
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