Core Insights - Nvidia reported a year-over-year revenue growth of 262% overall and 427% in the data center segment for Q1 2024, highlighting the strength of the AI boom [1][2] - CEO Jensen Huang indicated that the AI market growth is still in its early stages, with demand outpacing supply [2] - 40% of Nvidia's data center revenue is attributed to AI inference, suggesting that the generative AI market is still in its infancy [3] Industry Analysis - The power consumption of generative AI models is expected to significantly impact the electrical grid, with Goldman Sachs predicting a 160% increase in data center power demand by 2030 [4] - Utility companies, particularly Dominion Energy, are positioned to benefit from the increasing demand for power due to the growth of data centers in Virginia, which hosts 35% of hyperscale data centers globally [5][6] Company Performance - Dominion Energy has seen its stock decline by 33% over the past three years, while the S&P 500 has reached new highs, making it an attractive option for dividend-seeking investors [7][8] - The current dividend yield for Dominion is 5%, appealing to income-focused investors, especially as interest rates are expected to decrease later this year [8][9]

Core Insights - Dominion Energy has successfully installed the first monopile foundation for the Coastal Virginia Offshore Wind (CVOW) project, which is the largest offshore wind farm currently under construction in the United States [1][8] - The CVOW project will feature 176 turbines, capable of powering up to 660,000 homes and is projected to save customers $3 billion in fuel costs over the first decade of operation [2][8] - The project is on track to be completed by late 2026, with ongoing monopile installations scheduled through fall 2024 and resuming in May 2025 [4][8] Environmental Considerations - To protect the endangered North Atlantic right whale, monopile installations will be paused from November 1 to April 30, coinciding with the whales' migration [5] - Additional protective measures include the use of bubble curtains to minimize underwater sound during installation and the presence of Protected Species Observers on vessels [5] Economic Impact - The CVOW project is expected to create significant economic benefits, with over 800 Virginia-based workers currently engaged, including nearly 670 in the Hampton Roads region [6] - More than 1,000 local jobs will be required for ongoing operations and maintenance once the project begins commercial operation [6]

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 ...

CVOW construction has not been delayed or stayed, and any representation to the contrary is false Erroneous news releases blatantly and grossly misrepresent the facts The company strongly believes that the plaintiffs' petition is without merit CVOW remains on schedule and on budget consistent with previously disclosed timelines and costs RICHMOND, Va., May 1, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced that any reports that the Coastal Virginia Offshore Wind (CVOW) project has be ...

Dominion Energy Inc. (D) is scheduled to release first-quarter 2024 earnings on May 2, before market open. In the last reported quarter, the utility delivered a negative earnings surprise of 27.5%.Let us see how things have shaped up before the upcoming earnings announcement.Factors to NoteDominion Energy’s first-quarter earnings are likely to have benefited from regulated investments, higher sales volume and efficient cost management. Economic development, population growth in Virginia and South Carolina, ...