Dominion Energy, Inc.
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About
Dominion Energy, Inc. is one of the largest energy companies in the United States, providing electricity and natural gas to customers primarily in Virginia, North Carolina, and South Carolina. The company operates through segments including Dominion Energy Virginia (regulated electric utility), Dominion Energy South Carolina (regulated electric and gas utility), and Contracted Assets (renewable energy projects). Dominion owns and operates electric generation facilities, transmission and distribution infrastructure, natural gas pipelines, storage facilities, and renewable energy projects. The company serves millions of electric and gas customers through its regulated utilities. Founded in 1983 and headquartered in Richmond, Virginia, Dominion has evolved through significant portfolio management including sales of natural gas transmission and storage assets to focus on regulated utilities. The company benefits from regulated utility cash flows, constructive regulatory environments, and essential services. Dominion faces challenges from energy transition requiring coal plant retirements and renewable energy investments, offshore wind development costs and execution risks, regulatory proceedings, and environmental pressures. The company continues to invest in grid modernization, renewable energy including offshore wind, and natural gas infrastructure while managing the transition to cleaner energy.