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 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.
Dominion Energy (NYSE: D) has submitted a license renewal application to the Nuclear Regulatory Commission for the North Anna Power Station, extending operations by 20 years. This makes North Anna the second nuclear facility in Virginia to pursue a second renewal. The two nuclear units provide enough clean electricity for 473,000 homes and account for 31% of the company's electricity supply. The renewal supports Dominion's goal of zero-carbon electricity by 2045 and net-zero emissions by 2050, enhancing local economic growth and sustaining over 900 jobs.
Dominion Energy (NYSE: D) has acquired the 62.5-megawatt Madison Solar generating facility in Orange County, Virginia, from Cypress Creek Renewables. The facility is set to become operational in Q2 2022 and will provide renewable energy to Northrop Grumman under long-term agreements, covering 100% of its Virginia operations' electricity needs. This acquisition is part of Dominion's strategy to add 16,000 megawatts of solar capacity in Virginia by 2045, aligning with the Virginia Clean Economy Act. The company aims for net-zero carbon emissions by 2050.
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