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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 .
- Dominion Energy Virginia - Manages regulated electric distribution, transmission, and generation, significantly contributing to the company's revenue.
- Dominion Energy South Carolina - Focuses on regulated electric and gas distribution and transmission, playing a crucial role in the company's operations.
- Contracted Energy - Includes nonregulated electric generation, such as renewable natural gas operations, supporting the company's decarbonization efforts.
- 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?
- 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?
- 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?
- 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?
- 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?
Recent developments and announcements about D.
Corporate Leadership
Leadership Change
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 .