Consistent with the previously outlined commitments & priorities of the ongoing business review Transactions valued at $14.0 billion - all cash consideration of $9.4 billion plus assumption of debt Highly credit accretive-100% of after-tax proceeds expected to be used to retire debt All sales expected to close by end of 2024, subject to customary regulatory approvals Company now expects to conclude review and announce [...]
Dominion Energy today announced closure of the sale of its 50% noncontrolling limited partnership interest in Cove Point LNG, LP, to Berkshire Hathaway Energy for $3.3 billion. In addition, Dominion Energy will receive proceeds of $0.2 billion from the settlement of related interest rate derivatives. This transaction was previously announced on July 10, 2023. A bidirectional liquefied natural gas facility on the western [...]
Deadline to apply for environmental grants is Sept. 30, 2023, at 5 p.m. ET Grants support environmental education and stewardship Since 2003, Dominion Energy has donated nearly $40 million to projects that protect and improve the environment Nonprofit and educational organizations within Dominion Energy's footprint are encouraged to apply for environmental grants to be distributed this year through the Dominion Energy [...]
Largest renewable energy project ever developed at a U.S. airport Officials from Dominion Energy and the Metropolitan Washington Airports Authority were joined by federal, state and local leaders today to break ground on the Dulles Solar and Storage project at Dulles International Airport. Once completed, it will be the largest renewable energy project ever developed at a U.S. airport. It will generate up to 100 megawatts [...]
• Aug. 11th is National 811 Day, which promotes safe digging practices to protect underground utility lines • Customers encouraged to call 811 and have underground utility lines marked before digging With summer comes extra time outside, and home improvement projects. Dominion Energy Virginia encourages homeowners and contractors to call 811 and have underground utility lines marked before beginning any digging [...]
Second-quarter 2023 GAAP net income of $0.69 per share; operating earnings of $0.53 per share Company initiates third-quarter 2023 operating earnings guidance of $0.72 to $0.87 per share RICHMOND, Va., Aug. 4, 2023 Dominion Energy today announced unaudited net income determined in accordance with Generally Accepted Accounting Principles for the three months ended June 30, 2023, of $599 million compared with net loss of [...]
The board of directors of Dominion Energy has declared a quarterly dividend of 66.75 cents per share of common stock. Dividends are payable on Sept. 20, 2023, to shareholders of record at the close of business Sept. 1, 2023. This is the 382nd consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared May 10, 2023. View original [...]
Consistent with the priorities & commitments of ongoing business review Sale expected to close by year-end 2023, subject to standard HSR clearance Highly credit accretive; 100% of after-tax proceeds are expected to be used to retire debt Dominion Energy today announced that it has concluded a robust and competitive sale process and executed a definitive agreement to sell its 50% noncontrolling limited partner interest in [...]
Dominion Energy will host its second-quarter 2023 earnings call at 10 a.m. ET on Friday, Aug. 4, 2023. Management will discuss matters of interest to financial and other stakeholders including recent financial results. A live webcast of the conference call, including accompanying slides and other financial information, will be available on the investor information pages at investors.dominionenergy.com. For individuals who [...]
Dominion Energy is encouraging customers to be on alert against utility scams. "As technology advances, utility scams are becoming more sophisticated and harder to detect," said Utibe Bassey, Dominion Energy's Vice President of Customer Experience. "We encourage our customers to be on alert, recognize the signs of scams and take action to protect yourself." Here are the telltale warning signs to help you avoid becoming a [...]
Residential customers will see $14 in average monthly savings Residential rates now 20% below national average, 39% below regional average Company separately initiates biennial base rate review, seeking no increase to base rates RICHMOND, Va., July 5, 2023 /PRNewswire/ -- Beginning July 1, Dominion Energy Virginia is lowering its rates by about $14 a month for typical residential customers, with lower rates also going [...]
Dominion Energy has updated its second-quarter operating earnings guidance range to $0.44 to $0.50 per share. The revised guidance reflects the estimated impact of historically mild weather, unplanned outages at the Millstone Power Station, and positive factors such as lower costs. The original second-quarter guidance range was $0.58 to $0.68 per share. Given the pending business review, the company has not provided [...]