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    Dominion Energy Inc (D)

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    Dominion Energy is one of the largest energy producers and distributors in the United States, primarily operating as a state-regulated electric utility. The company serves approximately 6 million customers across 15 states, with a significant focus on Virginia, North Carolina, and South Carolina . Dominion Energy's operations are organized into several segments, including Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy, among others . The company is committed to providing reliable, affordable, and increasingly clean energy, with a strong emphasis on renewable energy sources like solar and offshore wind .

    1. Dominion Energy Virginia - Manages regulated electric distribution, transmission, and generation, significantly contributing to the company's revenue.
    2. Dominion Energy South Carolina - Focuses on regulated electric and gas distribution and transmission, playing a crucial role in the company's operations.
    3. Contracted Energy - Includes nonregulated electric generation, such as renewable natural gas operations, supporting the company's decarbonization efforts.
    NamePositionStart DateShort Bio
    Robert M. BlueChair, President, and Chief Executive OfficerOctober 2020Robert M. Blue has served as Chair of the Board since April 2021 and as President and CEO since October 2020. He joined Dominion Energy in 2005 and has held various senior roles .
    Steven D. RidgeExecutive Vice President and Chief Financial OfficerNovember 24, 2022Steven D. Ridge was appointed as Executive Vice President and CFO effective November 24, 2022. Previously, he was Vice President and General Manager of Western Distribution .
    Diane LeopoldExecutive Vice President, Chief Operating Officer, and President – Contracted EnergyUntil January 1, 2025Diane Leopold announced her intent to retire effective June 1, 2025, and will transition from her role on January 1, 2025. She will remain with the company to support the transition .
    Carlos M. BrownPresident – Dominion Energy Services and Executive Vice President, Chief Legal Officer and Corporate SecretaryJanuary 1, 2024Carlos M. Brown was promoted to his current position effective January 1, 2024 .
    Edward H. BainePresident – Dominion Energy VirginiaN/AEdward H. Baine serves as President – Dominion Energy Virginia. He has been with Dominion Energy for several years, but a specific start date is not provided .
    Edward H. BainePresident – Utility Operations and Dominion Energy VirginiaJanuary 1, 2025Edward H. Baine will assume the role of President – Utility Operations and Dominion Energy Virginia effective January 1, 2025 .
    Eric S. CarrChief Nuclear Officer and President – Nuclear Operations and Contracted EnergyJanuary 1, 2025Eric S. Carr will assume his new role effective January 1, 2025. He previously served as Chief Nuclear Officer and President – Nuclear Operations .
    Regina J. ElbertSenior Vice President and Chief Human Resources OfficerN/ARegina J. Elbert serves as Senior Vice President and Chief Human Resources Officer. She has signed various company documents, but her start date in this role is not specified .
    Daniel G. StoddardFormer Senior Vice President, Chief Nuclear Officer, and President – Contracted AssetsRetired August 1, 2023Daniel G. Stoddard transitioned to Senior Vice President and President – Contracted Assets on July 1, 2023, and retired on August 1, 2023 .
    1. Given the preliminary estimate of storm restoration costs in South Carolina ranging from $100 million to $200 million, how confident are you in securing securitization for these deferred costs, and what impact could this have on your financials and customer rates?
    2. With the acquisition of an additional offshore wind lease from Avangrid for approximately 800 megawatts and no set time lines or cost estimates, how do you plan to manage potential capital expenditures and risks while maintaining your focus on balance sheet conservatism and a low-risk profile?
    3. Considering the significant projected load growth and power demand expected to double by 2039, why does your integrated resource plan rely on PJM imports instead of adding more generation capacity, and are there concerns about depending heavily on external sources given political sensitivities to new gas projects in the state?
    4. In your discussions with Amazon and other potential partners regarding small modular reactors, how will you mitigate first-of-a-kind risks and cost overruns to protect customers and shareholders, and can you provide more clarity on the proposed funding structures?
    5. Despite acknowledging tailwinds such as strong load growth and opportunities to deploy capital, why haven't you updated your earnings growth or rate base growth guidance, and how do you balance potential growth opportunities with your commitment to delivering consistent, predictable, low-risk earnings?
    Program DetailsProgram 1
    Approval DateNovember 2020
    End Date/DurationNo expiration date
    Total additional amount$1.0 billion
    Remaining authorization amount$0.9 billion
    DetailsNo shares repurchased during the nine months ended September 30, 2024, except for shares tendered by employees for tax withholding on vested restricted stock
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    20241,363VariousN/A3.4% = (1,363 / 40,000) * 100
    2029439Senior Secured Deferred Fuel Cost Bonds5.0881.1% = (439 / 40,000) * 100
    2033843Senior Secured Deferred Fuel Cost Bonds4.8772.1% = (843 / 40,000) * 100
    2034500Virginia Power Senior Notes5.0001.3% = (500 / 40,000) * 100
    2034600Virginia Power Senior Notes5.0501.5% = (600 / 40,000) * 100
    2034150PSNC Senior Notes5.6500.4% = (150 / 40,000) * 100
    2054500Virginia Power Senior Notes5.3501.3% = (500 / 40,000) * 100
    2054600Virginia Power Senior Notes5.5501.5% = (600 / 40,000) * 100
    2054150PSNC Senior Notes6.0400.4% = (150 / 40,000) * 100
    20551,000Enhanced Junior Subordinated Notes (EJSNs)6.8752.5% = (1,000 / 40,000) * 100
    20541,000Enhanced Junior Subordinated Notes (EJSNs)7.0002.5% = (1,000 / 40,000) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP1988 PresentCurrent auditor

    Recent developments and announcements about D.

    Corporate Leadership

      Leadership Change

      ·
      Dec 2, 2024, 9:58 PM

      Diane Leopold is leaving her role as Executive Vice President, Chief Operating Officer, and President – Contracted Energy at Dominion Energy, Inc. She will retire effective June 1, 2025, and transition from her role effective January 1, 2025. Edward H. Baine will take over responsibility for the company's utility operations, becoming President – Utility Operations and Dominion Energy Virginia. Eric S. Carr will assume responsibility for the Contracted Energy operating segment, becoming Chief Nuclear Officer and President – Nuclear Operations and Contracted Energy .