DOMINION ENERGY (D) Company Report

U.S. District Court for the Eastern District of Virginia granted a preliminary injunction allowing construction to resume on the Coastal Virginia Offshore Wind (CVOW) project pending litigation.
CVOW will comprise 176 turbines with 2.6 GW capacity, enough to power up to 660,000 homes as part of Dominion’s clean energy portfolio.
Virginia Power, a Dominion subsidiary holding 50% of OSW Project LLC, will continue its lawsuit challenging the BOEM order that suspended work on the project.

8 days ago

8-K

Dominion Energy granted injunction to resume Coastal Virginia Offshore Wind construction

Legal Proceedings

New Projects/Investments

U.S. District Court preliminarily enjoins agency action, allowing Coastal Virginia Offshore Wind (CVOW) construction to recommence while legal challenge continues.
CVOW comprises 176 turbines with 2.6 GW capacity, sufficient to power up to 660,000 homes.
Dominion will safely restart work to begin delivering energy in the coming weeks and seeks a durable resolution with federal regulators.
The project supports Dominion’s all-of-the-above strategy for regulated offshore wind and solar to meet regional demand.

Jan 16, 2026, 6:33 PM

Press Release

Dominion Energy wins injunction to restart Coastal Virginia wind project

Legal Proceedings

New Projects/Investments

U.S. District Judge Jamar Walker granted Dominion Energy a preliminary injunction to resume construction of the 2.6 GW Coastal Virginia Offshore Wind project while its lawsuit against the federal pause proceeds.
CVOW comprises 176 turbines sited 27–44 miles off Virginia’s coast and is expected to power 600,000–660,000 homes.
The injunction blocks enforcement of the Interior Department’s December suspension of five East Coast offshore-wind projects, which cited unspecified national-security concerns.
Dominion estimates the pause has cost millions per day, warned delays could threaten grid reliability and key data-center and defense assets, and saw its shares rise about 1% on the ruling.

Jan 16, 2026, 1:56 AM

Bloomberg

Dominion Energy signs 15-year PPA for 150 MW battery project

M&A

New Projects/Investments

Elevate Renewables has acquired Prospect Power Storage, a 150 MW/600 MWh standalone battery asset in PJM, set to begin operations in mid-2026.
The project is fully contracted under a 15-year power purchase agreement with Dominion Energy Virginia.
Located in Rockingham County near Northern Virginia’s “Data Center Alley,” it will support grid reliability amid rising Mid-Atlantic power demand.
This follows Elevate’s 2024 launch of a 15 MW/60 MWh battery project at the Arthur Kill Power Station in New York City.

Jan 15, 2026, 2:00 PM

Press Release

Dominion Energy: U.S. judge clears Revolution Wind restart

Legal Proceedings

New Projects/Investments

A U.S. judge granted a preliminary injunction allowing Revolution Wind to resume construction off Rhode Island, where the project is 87% complete.
Orsted shares rose 6% on the ruling, reflecting market optimism about the project’s revival.
The construction pause was costing Orsted at least $1.44 million per day, and a full cancellation could have entailed losses of around 20 billion Danish crowns.
Orsted operates 9.9 GW of U.S. offshore wind and 4.8 GW of onshore/solar, with a market cap of $26.67 billion and an Altman Z-Score of 1.13 (“distress” zone).
Suspensions on other projects (Sunrise Wind, Empire Wind, Coastal Virginia) remain subject to ongoing legal challenges.

Jan 13, 2026, 8:23 AM

Bloomberg

Dominion Energy offshore wind project suspended by BOEM

New Projects/Investments

On December 22, 2025, the U.S. Department of Interior’s BOEM issued a 90-day suspension of all activities on the Coastal Virginia Offshore Wind project, effective immediately.
Virginia Electric and Power Company, a Dominion subsidiary, holds 50% membership interests in OSW Project LLC, which owns the CVOW project.
In its response, Dominion Energy emphasized CVOW’s role in supporting national security, Virginia’s rapidly growing energy demand, and providing 2,600 MW of clean power for war-fighting installations, AI data centers, and jobs.
Dominion warned the suspension could threaten grid reliability, lead to energy inflation, and jeopardize thousands of jobs.

Dec 23, 2025, 1:46 AM

8-K

Dominion Energy responds to DOI suspension of Coastal Virginia Offshore Wind

New Projects/Investments

Dominion Energy addresses a 90-day suspension by the U.S. Department of Interior for the Coastal Virginia Offshore Wind project, calling it essential for national security and Virginia’s fastest growing energy demand.
The company warns the work stoppage will threaten grid reliability, drive energy inflation, and jeopardize thousands of jobs.
CVOW is American-owned, approved by Virginia regulators in 2022, and its two pilot turbines have operated for five years without impacting national security.
The project enjoys bipartisan support and is within months of generating 2,600 MW of carbon-free electricity to serve critical infrastructure.
Dominion stands ready to resume work immediately to deliver vital electrons that power data centers, military installations, and warship manufacturing.

Dec 22, 2025, 4:05 PM

Press Release

Dominion Energy expands $1.8B at-the-market equity program

On October 28, 2025, Dominion Energy delivered notice to increase its at-the-market equity program capacity to $1.8 billion via existing sales agency agreements dated February 27, 2025.
On October 31, 2025, the company entered new agency agreements with CIBC World Markets, MUFG Securities Americas and TD Securities (USA) and amended its Goldman Sachs agreement to support collared forward transactions.
Under the Form S-3 shelf registration effective October 31, 2025, Dominion may issue and sell up to $1.8 billion of common stock through at-the-market offerings, including ordinary brokers’ transactions, market makers, NYSE trades, alternative trading systems and block trades.
The program encompasses initially priced and collared forward transactions, with proceeds upon settlement and options for cash or share settlement, hedged through borrowed shares.

Oct 31, 2025, 8:55 PM

8-K

Dominion Energy reports Q3 2025 results

Earnings

Guidance Update

New Projects/Investments

Dominion reported Q3 2025 operating EPS of $1.06, reflecting RNG income and weather impacts; reaffirmed 2025 guidance of $3.33–$3.48 per share with a midpoint of $3.402 (non-GAAP).
The Coastal Virginia Offshore Wind project is ~66% complete, on track for first electricity delivery in Q1 2026, with $8.2 B invested to date against an $11.2 B capital budget (including contingency).
YTD through Q3, Dominion issued $8.7 B of fixed-income securities, exceeding the $5.5–$8.0 B guidance range, and raised $1.0 B of common equity via ATM for 2025.
Data center contracted capacity in Dominion Energy Virginia reached 47.1 GW, up 7 GW (17%) year-over-year, driven by SELOA, CLOA, and ESA agreements.

Oct 31, 2025, 3:00 PM

Presentation

Dominion Energy reports Q3 2025 results

Earnings

Guidance Update

New Projects/Investments

Q3 operating EPS of $1.06 (GAAP EPS $1.16) and narrowed full-year 2025 guidance to $3.33–$3.48, midpoint $3.40; year-to-date weather is a $0.02 drag.
Completed 2025 financing plan with credit targets unchanged; will provide a capital investment forecast update through 2030 on the Q4 call, expecting incremental regulated capital deployments.
Coastal Virginia Offshore Wind vessel set to begin turbine loading in November, with first power targeted in late Q1 2026; project costs remain at $715 million.
Data center demand remains strong with 47 GW in various contracting stages (+17% vs Dec 2024), including 28 GW substation LOAs, 9 GW construction LOAs, and 10 GW ESAs.