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 acquired a 150-megawatt solar facility in Hardin County, Ohio, from Invenergy. This marks Dominion's first solar investment in Ohio, with plans to enhance its clean energy portfolio. The solar power generated will be contracted to Facebook under a long-term agreement. With over 2,200 megawatts of solar capacity operational and an additional 3,500 megawatts in development, Dominion aims for net-zero emissions by 2050. The acquisition strengthens Dominion's partnership with Invenergy and aligns with corporate sustainability goals.
Dominion Energy (NYSE: D) will hold its fourth-quarter 2020 earnings call on Feb. 12, 2021, at 10 a.m. ET. Management will discuss financial results and other key topics for stakeholders, with an expected duration of 60 to 90 minutes. A live webcast will be available on the investor website, along with accompanying slides. Participants can join via phone, with specific dialing instructions provided. A replay of the webcast and a telephonic recording will be accessible later on the same day.
Dominion Energy is launching the Educational Equity Scholarship Program, providing $500,000 in scholarships for 2021 to support African American and other underrepresented minority students in its service area. This initiative is part of a broader $10 million commitment over six years. The program will award 60 scholarships, including 20 at $5,000 for two-year schools and 40 at $10,000 for four-year institutions, with a Jan. 25, 2021 application deadline. The program aims to enhance educational access and aid students in achieving higher education.
Dominion Energy is launching the Educational Equity Scholarship Program, offering $500,000 in scholarships in 2021 to support African American and other underrepresented minority students. This initiative is part of a larger $10 million effort spanning six years. Scholarships of $5,000 and $10,000 will be awarded to qualifying students, with renewal options based on GPA. The application period is open until January 25, 2021. This program aligns with Dominion's ongoing support for historically black colleges and universities, committing $25 million to various institutions.
Dominion Energy has announced three grants amounting to $200,000 as part of its 'We Care Rebuild Project.' The donations will support significant community organizations in Northeast Ohio, including the Urban League of Greater Cleveland, EDWINS Leadership Restaurant Institute, and the Women of Color Foundation. The Urban League will receive $100,000 for a Social Justice and Civil Rights Institute, while EDWINS and Women of Color Foundation will receive $50,000 each for their respective culinary training and leadership initiatives.
Dominion Energy has submitted a Construction and Operations Plan (COP) to the Bureau of Ocean Energy Management (BOEM) for the Coastal Virginia Offshore Wind (CVOW) project, the largest planned offshore wind farm in the U.S. This 2,640-megawatt project aims to power up to 660,000 homes upon completion in 2026. The COP includes environmental safeguards and anticipates creating around 900 jobs during construction and 1,100 jobs post-operation, contributing $143 million and $210 million annually to the economy, respectively. Construction is set to begin in 2024.
Dominion Energy has achieved a significant milestone in offshore wind development with the keel laying of the first Jones Act compliant wind turbine installation vessel at Keppel AmFELS in Texas. This vessel, pivotal for U.S. offshore wind capacity, will support the installation of over 5 gigawatts of wind energy along the U.S. East Coast by 2027. The project will create nearly 700 jobs and uses over 14,000 tons of domestic steel. Estimated project costs are around $500 million, funded through lease financing, with no impact on customer bills. This initiative aligns with Dominion's clean energy goals and economic development efforts.
Dominion Energy's board has approved a 2021 dividend of $2.52 per share, with the first quarterly payment of 63 cents expected in March 2021. The company anticipates annual dividend-per-share growth of 6 percent starting in 2022. Serving over 7 million customers across 16 states, Dominion is committed to reducing its carbon footprint, aiming for net-zero emissions by 2050. All dividend payments are subject to quarterly board review.
Dominion Energy, in partnership with BrightSuite Solar and Sun Tribe, is installing solar panels at 21 schools in Virginia, generating over 11 megawatts of energy at peak output. This initiative allows schools to reduce their carbon footprints while saving on utility bills through net metering. Under power purchase agreements, schools incur no upfront costs and ensure long-term savings. This project aligns with Dominion's commitment to sustainability, aiming for net zero emissions by 2050.
Dominion Energy (NYSE:D) and Smithfield Foods have successfully completed their first renewable natural gas (RNG) project in Milford, Utah, marking a significant milestone in sustainable energy. This initiative captures methane from hog farms, converting it into clean energy. At full capacity, the project will heat over 3,000 homes and reduce greenhouse gas emissions by more than 100,000 metric tons annually. The companies aim to invest $500 million over the next decade to further develop RNG projects, targeting a reduction of 2.5 million metric tons of emissions from U.S. hog farms.
