Nuclear Regulatory Commission extends North Anna's operating license through 2060, ensuring reliable, carbon-free power for decades RICHMOND, Va., Aug. 28, 2024 /PRNewswire/ -- The Nuclear Regulatory Commission (NRC) today approved Dominion Energy Virginia's application to extend North Anna Power Station's operating licenses for an additional 20 years. Gov. Glenn Youngkin, center, poses with a group of North Anna Power Station employees at an event there in July. (PRNewsfoto/Dominion Energy) Gov. Glenn Youn ...

Dominion Energy is a relatively boring utility with a high yield, but there's one important thing it is lacking that will turn some off. The S&P 500 index is yielding a paltry 1.2% today. The average utility, using Utilities Select SPDR ETF as a proxy, is yielding 3%. Dominion Energy's (D 0.09%) dividend yield is a far more hefty 4.7%. That will probably catch the eye of most income-oriented investors. But before you jump aboard, you'll want to understand a couple of caveats that come with owning Dominion E ...

If interest rates fall, these stocks should rise. "The time has come for policy to adjust." Those eight words from Federal Reserve Chairman Jerome Powell last week were like music to investors' ears. Powell signaled that, next month, interest rates could be reduced for the first time since March 2020. While the stock market could surge if interest rates come down, some individual stocks should perform especially well. Here are three stocks to buy hand over fist before the Fed (probably) cuts rates in Septem ...

Up 15% over the past year, Dominion Energy is in the middle of reshaping its business. There could be plenty of upside from here. Dominion Energy (D 0.05%) has been on a long journey, but it appears to be nearing the end of the effort. That's a good thing for investors and likely one of the reasons why the stock is up 15% or so over the past year. However, the shares remain 35% below their 2020 highs, and the dividend isn't expected to be increased for a little while as management focuses on paying down deb ...

You can brace for falling interest rates with a stake in Dominion Energy stock. Headquartered in Virginia, Dominion Energy (D 0.44%) is a utilities giant that knows how to reward its loyal shareholders with consistent income. That's meaningful in a time when practically every market commentator expects the Federal Reserve to start cutting the federal funds rate and, by extension, Treasury bond yields in September. It's fine to seek a government bond alternative in utility stocks, but utility companies aren' ...

Dominion Energy submits winning bid of $17.7 million for a second lease area off the coast of Virginia Beach; equates to $100 per acre Acquisition provides the option to deploy additional regulated offshore wind generation to serve unprecedented electric demand growth using all-of-the-above approach supportive of goals of Virginia Clean Economy Act Company's focus remains on completing the 2.6-gigawatt Coastal Virginia Offshore Wind project on time and on budget RICHMOND, Va., Aug. 14, 2024 /PRNewswire/ -- ...

Toronto cityscape with baseball stadium at dusk mbbirdy/E+ via Getty Images Note: All amounts discussed are in Canadian Dollars. In our previous coverage of Dream Office REIT (TSX:D.UN:CA) we continued to emphasize caution as there was no real clear path to using the NAV discount to one's advantage. On the debt side, the challenges are mild for 2024 but they will get wild when we enter 2025. The debt to EBITDA is now approaching 12.0X and history is littered with companies that started a terminal velocity r ...

Dominion Energy remains on target to install between 70-100 monopile foundations by end of October Coastal Virginia Offshore Wind remains on budget and on schedule to complete construction in late 2026 RICHMOND, Va., Aug. 12, 2024 /PRNewswire/ -- Dominion Energy announced today the 50th monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) was installed 33 miles off the coast of Virginia Beach, keeping the project on schedule to hit the company's target of 70-100 monopiles set into ...

Rate cuts are likely to spark a rotation in the stock market. Here's how to capitalize on it.Artificial intelligence (AI) has dominated the stock market narrative since early 2023, but another storyline is gaining traction.After enduring interest rates over 5% for more than a year, investors are looking forward to interest rates coming down, and are rotating into small-cap stocks to prepare for that move. While the Federal Reserve held interest rates steady in its rate decision on Wednesday, Fed Chair Jerom ...

AI will need lots of power, which bodes well for Dominion Energy. Companies are pouring billions of dollars into artificial intelligence (AI). They're buying powerful processors developed by Nvidia and other chip companies to train AI applications. These AI training models and the applications to follow will reside in data centers. Because of that, these already power-hungry facilities will require even more electricity in the future. Few companies are in a better position to supply the power needs of AI in ...