Dominion Energy, Inc. - D STOCK NEWS

Dominion Energy, headquartered in Richmond, Va., is alerting customers about an anticipated increase in utility scams as the holiday season approaches. During Utility Scam Awareness Week (Nov. 16 – 20), the company provides essential tips to help customers identify and protect themselves from scams. Key advice includes recognizing that Dominion Energy will never demand payment over the phone or request payment via money orders or prepaid cards. Customers are encouraged to verify account information through the Dominion Energy app and report suspicious activities.

Dominion Energy (NYSE: D) has officially declared its support for the Task Force on Climate-related Financial Disclosures (TCFD), aimed at enhancing transparency regarding climate-related risks and opportunities. CEO Robert M. Blue emphasized that such transparency provides a competitive edge and aligns with the company's goal of achieving net zero emissions by 2050. Dominion has been recognized as a 'Trendsetter' in political disclosure for three consecutive years. The company plans to release a new climate report in 2021, outlining its roadmap to net zero emissions and aligning with TCFD recommendations.

Dominion Energy (NYSE: D) reported third-quarter 2020 earnings of $356 million ($0.41 per share), down from $975 million ($1.17 per share) in Q3 2019. Operating earnings were $916 million ($1.08 per share), slightly lower than $946 million ($1.15 per share) year-over-year, benefiting by $0.04 per share from favorable weather. The company maintains a full-year operating earnings guidance between $3.37 and $3.63 per share, with fourth-quarter expectations of $0.73 to $0.87 per share. Dominion reaffirmed its long-term earnings and dividend growth outlook.

Dominion Energy's board has declared a quarterly dividend of 63 cents per share, payable on December 20, 2020. Shareholders on record by December 4, 2020 will receive the dividend. This marks the 371st consecutive dividend payment by Dominion Energy or its predecessor. The previous quarterly dividend was declared on July 30, 2020.

Dominion Energy Virginia has proposed its largest slate of new solar projects, which would generate nearly 500 megawatts (MW) of renewable energy, enough for approximately 125,000 homes. This initiative aligns with the Virginia Clean Economy Act and aims to enhance the company's solar portfolio, already the third-largest in the U.S. The projects are projected to create over $100 million in economic benefits and support 750 jobs. If approved, the projects would add less than 20 cents to customer bills while supporting Dominion's renewable energy goals by 2045.

Dominion Energy (NYSE: D) announced the completion of a significant sale to Berkshire Hathaway Energy for about $2.7 billion in cash and $5.3 billion in related debt. The transaction includes over 5,500 miles of gas transmission pipelines and substantial gas storage capacity. Additionally, a follow-on sale of Questar Pipelines is anticipated in early 2021, expected to further reduce debt by nearly $6 billion and involve $430 million in debt transfer. The company also plans a share repurchase program totaling at least $3 billion.

Dominion Energy is accepting applications for its 2021 ArtStars award, offering $10,000 grants to nonprofit arts organizations in Virginia. These awards aim to support programs that engage students and enhance community cultural activities. Eligible organizations must have arts and education programs and an annual budget under $1 million. The foundation seeks to honor those who adapted their programming during the COVID-19 pandemic. Applications are due by Oct. 31, 2020. For more details, visit www.dominionenergy.com/artstars.