Improves Dominion Energy's quantitative & qualitative business risk profile via highly credit-positive partnershipStonepeak to fund 50% of project construction costs with meaningful protection from any unforeseen increases in the current project construction budgetSuccessfully concludes ~$21 billion debt reduction initiatives associated with Dominion Energy's business reviewRICHMOND, Va. and NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced that it has closed on a tran ...

The world stands at the cusp of a technological revolution fueled by the unparalleled power of artificial intelligence (AI). From self-driving cars to personalized medicine, AI is poised to transform industries and reshape our daily lives. But this technological leap comes with an insatiable appetite for energy, demanding reliable, scalable, and increasingly sustainable solutions. Dominion Energy NYSE: D is strategically positioned at the intersection of AI's energy demands and a cleaner energy future, maki ...

Dominion Energy (D) shares ended the last trading session 5.1% higher at $60.55. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.3% loss over the past four weeks. Dominion Energy's portfolio realignment and focus on regulated assets is evident from its investments in regulated infrastructure, which will boost its performance in the long term. Dominion divested some of its merchant generation facilities and electr ...

"All-of-the-above" approach includes more power generation from every source, historic grid upgrades and energy efficiency programs to maintain grid reliability while meeting unprecedented growth in power demand Nearly 80% of incremental power generation in the plan is carbon-free, including more solar, more storage, more offshore wind, and more nuclear resources RICHMOND, Va., Oct. 15, 2024 /PRNewswire/ -- In its 2024 Integrated Resource Plan (IRP) filed today with the Virginia State Corporation Commission ...

Nearly two years after the advent of ChatGPT, some investors especially those favoring value or looking for predictable returns over the longer term rather than quick gains may be wondering how to play the AI game. This thesis aims to As a tech-focused industry Research Analyst, I aim to provide differentiated insights, whether it is for investing, trading, or informational reasons. For this purpose, I am not a classical equity researcher from the financial sector, but, I come from the IT world as the Direc ...

Power demand is surging in the United States, and so are the share prices of electric utilities. Demand growth forecasts have doubled as artificial intelligence AI as well as industrial demand is booming. Long-Term Focussed In-Depth Fundamental Analysis.Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level III candidate.An avid reader and a Berkshire ...

Core Viewpoint - Dominion Energy is focused on expanding its infrastructure and achieving net-zero carbon and methane emissions by 2050 through systematic investments and operational management [1][2][3]. Investment Plans - Dominion Energy plans to invest $9.8 billion in 2024 and $43 billion from 2025 to 2029 to enhance its operations [2]. - The company aims to add 24 GW of renewable energy capacity, including battery storage, solar, hydro, and wind projects by 2036, targeting an average annual increase of over 15% in renewable energy capacity over the next 15 years [2]. Emission Reduction Goals - Dominion aims to reduce emissions by 70-80% by 2035 compared to 2005 levels, with a goal for zero and low-emitting resources to account for 99% of its electric generation by 2035 [3]. - The company is actively working on offshore wind, battery storage, and hydropower projects to achieve these emission reduction targets [3]. Infrastructure Upgrades - Dominion Energy is upgrading its electric infrastructure by installing smart meters and grid devices, and enhancing customer services through a customer information platform [4]. - The company is undertaking a strategic undergrounding project for 4,000 miles of distribution lines, having already completed nearly 2,000 miles of undergrounding outage-prone overhead lines in Virginia [4]. Industry Context - Other utilities, such as NextEra Energy, Duke Energy, and Entergy Corporation, are also investing significantly to strengthen their systems and provide stable services amid extreme weather conditions, focusing on grid modernization and infrastructure hardening [5]. Operational Risks - Dominion's financial performance is contingent on effectively managing its transmission and distribution operations, which face risks from aging infrastructure, equipment breakdowns, accidents, and labor disputes [6][7].

Simplified bill design features smarter organization, usage details and easy ways to pay RICHMOND, Va., Oct. 8, 2024 /PRNewswire/ -- Starting this week, Dominion Energy residential customers in Virginia and North Carolina will begin receiving simplified electric bills to improve their experience, provide more information to manage their energy use, and offer easy ways to pay their balance. Based on extensive customer feedback, Dominion Energy has reorganized the layout of the bill, added color, and introduc ...

RICHMOND, Va., Oct. 3, 2024 /PRNewswire/ -- Dominion Energy (NYSE: D) will host its third-quarter 2024 earnings call at 10 a.m. ET on Friday, Nov. 1, 2024. 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 prefer to join via telephone, dom ...

These high-yield, low-risk dividend stocks stand out with potential rate cuts on the way. Income-focused investors have had it pretty good for the past couple of years. Elevated interest rates made it easier to find passive income from places like high-yield savings accounts. However, the Federal Reserve recently announced a 50 basis point cut to the federal funds rate, the economy's benchmark interest rate. Additional rate cuts are likely over the next year or so. If interest rates fall far enough, it coul ...