Dominion Energy (D) announced that its unit Dominion Energy Virginia has completed burying 2,000 miles of overhead power lines, which is part of the company's Strategic Underground Program. The shifting of power lines underground will lower storm-related outages and reduce the time for restoration of power in outage-prone areas during the hurricane season. The above-average hurricane seasons means that the utilities will have to be more vigilant and take prompt action to counter the impact of storms. Apart ...

The Strategic Underground Program is one of several programs that the company has launched in recent years to reduce power outages and make the grid more resilient. The company's Mainfeeder Hardening program, for example, is replacing older poles with taller, stronger ones that are rooted deeper in the ground and spaced closer together. The new poles are engineered and built with fiberglass cross-arms, which help prevent fallen trees or limbs from bringing down the entire pole. Since 2019, the company has h ...

One utility could supply power to a significant percentage of the world's major data centers. The AI power struggle Running generative AI models consumes enormous amounts of power, and the issue has mostly gone overlooked thus far in the generative AI boom. Predictions about generative AI power consumption vary, but some say it will impact the electrical grid in ways not seen since the spread of central air conditioning in the 1960s. According to Goldman Sachs, data center power demand is expected to grow 1 ...

RICHMOND, Va., May 22, 2024 /PRNewswire/ -- Dominion Energy announced today the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States, was installed approximately 29 miles off the Virginia Beach coast. The monopile was installed by the Orion, DEME Group's heavy lift vessel. About Dominion Energy About 6 million customers in 15 states energize their homes and businesses with electricity or natural gas from ...

Aerial Bayview Ave. and Rosedale in Autumn, Toronto, Canada jimfeng Note: All amounts are in Canadian Dollars On our last coverage of Dream Office (TSX:D.UN:CA), we highlighted the key factors that kept us out. This was despite a rather large drop that made value buyers salivate. We felt a bounce and trading opportunity could materialize a little lower than where the stock was trading then. We think a bounce trade may materialize near the $7.00-$7.50 range, but we remain unconvinced for a longer-term play. ...

JHVEPhotoOn our last coverage of Dominion Energy, Inc. (NYSE:D), we looked at the asset sales from the company to Enbridge Inc. (ENB), (ENB:CA). The market was unusually antsy and beat down both the buyer and the seller. Surely the deal could not be bad for both? We actually took the opportunity to upgrade Dominion Energy to a Buy after that drop. We had a neutral rating on the stock and are upgrading this to a buy as well. As we expect utilities to remain under pressure from interest rate hikes, we wou ...

On May 6, 2024, the company successfully priced $2 billion of junior subordinated notes (EJSN Offering) The company intends to use proceeds from the EJSN Offering, in part, to purchase Series B Preferred Shares in connection with the cash tender offer The company intends to use remaining proceeds, including the $500 million attributable to the upsized EJSN Offering in excess of the company's 2024 hybrid financing guidance to repay short-term debt and/or opportunistically retire, redeem, or repurchase othe ...

Dominion Energy, Inc. (NYSE:D) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants David McFarland - VP, IR Steven Ridge - EVP & CFO Robert Blue - President, CEO & Chairman Diane Leopold - EVP & COO Conference Call Participants Shahriar Pourreza - Guggenheim Securities Nicholas Campanella - Barclays Bank Steven Fleishman - Wolfe Research Jeremy Tonet - JPMorgan Chase & Co. William Appicelli - UBS Operator Ladies and gentlemen, welcome to the Dominion Energy First Quarter Earnings C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 1 FORM 10-Q (Mark one) COMBINED INDEX | | | Page Number | | --- | --- | --- | | | Glossary of Terms | 3 | | | PART I. Financial Information | | | Item 1. | Financial Statements | 8 | | Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations | 58 | | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 74 | | Item 4. | Controls and Procedures | 75 | | | PART II. Other Information ...

Exhibit 99 NEWS RELEASE 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 prefer to join via telephone, domestic callers should dial 1- 800-723-6494 and international callers should dial 1- 785-424-1631. The passcode for the telephonic earnings call is 66318. Participants should dial in 10 to 15 minutes prior to the scheduled start time. May 2, 2024 Dom ...