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.
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.
Dominion Energy Ohio is enhancing support for customers facing financial hardships as the winter heating season approaches. Effective October 5, 2020, the company offers flexible payment options and increased funding for its EnergyShare program, which assists those in need. The Winter Reconnection Order allows all residential customers to avoid service shutoff by paying a minimal amount. The company also outlines various payment plans designed for both residential and commercial customers to ease their financial burden.
Dominion Energy's Coastal Virginia Offshore Wind (CVOW) pilot project has successfully completed reliability testing and is set to begin commercial operations. Located 27 miles off Virginia Beach, the 12-megawatt project can power up to 3,000 homes. With the final documentation for the Bureau of Ocean Energy Management (BOEM) due by year-end, the CVOW is the first project permitted under BOEM and a key part of Dominion’s clean energy strategy. The company anticipates significant job creation and economic impact from its upcoming 2,600-megawatt commercial project, slated to start construction in 2024.
Dominion Energy Virginia has proposed three pilot projects to enhance broadband internet access in rural Virginia, particularly in Surry County, Botetourt County, and the Northern Neck. The initiative, costing approximately $29 million, aims to install nearly 300 miles of middle-mile fiber infrastructure, aiding over 500,000 Virginians currently lacking reliable internet. The projects support economic development, education, and healthcare, and align with Governor Northam's $85 million broadband expansion proposal.
Dominion Energy (NYSE: D) will host its third-quarter earnings conference call on Nov. 5, 2020, at 11 a.m. ET. Management will discuss the financial results and relevant matters for investors. Domestic callers can dial 1-800-341-6228, and international callers can reach 1-334-777-6993. A live webcast will be available on the investor information page here. A replay will be accessible from 3 p.m. ET on Nov. 5 until 11 p.m. ET on Nov. 12.
Dominion Energy serves over 7 million customers across 20 states with a commitment to achieving net-zero emissions by 2050.
Dominion Energy has launched a new app for customers to manage their energy accounts seamlessly. Available on iOS and Android, the app allows users to report outages, pay bills, and monitor energy usage conveniently. Key features include secure account access, outage reporting, and customizable notifications. The app caters to residential and small business customers across eight states and supports biometric authentication for added security. Dominion Energy serves over 7 million customers and is committed to achieving net-zero emissions by 2050.
FAQ
What is the current stock price of Dominion Energy (D)?
What is the market cap of Dominion Energy (D)?
What is Dominion Energy's primary business?
Where is Dominion Energy headquartered?
What are Dominion Energy's sustainability goals?
What recent projects has Dominion Energy undertaken?
How did Dominion Energy perform financially in Q1 2024?
What is the Coastal Virginia Offshore Wind (CVOW) project?
How many employees are engaged in the CVOW project?
Where can I find more information about Dominion Energy?
When will Dominion Energy achieve net zero emissions?
What is Dominion Energy's stock symbol?
