Dominion Energy, Inc - D STOCK NEWS

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.

Dominion Energy (D) announced updates regarding its sale of gas transmission and storage assets to Berkshire Hathaway (BRK.A). The deal, excluding Questar Pipelines, is expected to close around November 1, 2020, for $2.7 billion in cash and $5.3 billion in debt assumption. A second phase involving Questar Pipelines is anticipated in early 2021 for $1.3 billion. The company has initiated over $500 million in share repurchases and aims for at least $3 billion total by early 2021. Dominion also raised its 2020 earnings per share guidance to the upper range of $3.37 to $3.60.

Dominion Energy Virginia has launched a rebate program aimed at accelerating electric vehicle adoption in Virginia, offering rebates from $2,000 to over $50,000 for charging infrastructure. An upcoming residential rebate program will start in early 2021. This initiative is part of Dominion's Grid Transformation Plan, which focuses on reducing carbon emissions and enhancing renewable energy access. Additional efforts include deploying electric school buses and installing fast-charging stations, contributing to environmental sustainability and customer savings.

The Dominion Energy Christmas Parade will be a televised-only event on December 5, 2020, from 10 a.m. to noon, due to COVID-19 concerns. Viewers can watch on WTVR CBS6 or via a Christmas Day rebroadcast. Parade Director Beth Karrer emphasized the importance of safety, stating this format allows families to celebrate at home. The broadcast will feature new performances, community stories, and a competition for homemade floats, alongside highlights from past parades. The Dominion Energy Charitable Foundation has sponsored this parade for 11 years, contributing over $48 million to community causes in 2019.