For several years, utilities, state and federal agencies and leading technology firms have explored SMRs as the next generation of carbon-free nuclear power in the U.S. SMRs have the same reliability and environmental benefits as traditional nuclear, but with a significantly smaller footprint and lower upfront capital costs. "The Commonwealth's potential to unleash and foster a rich energy economy is limitless," said Governor Glenn Youngkin. "To meet the power demands of the future, it is imperative we cont ...

Dominion Energy (D) announced that its subsidiary, Virginia Electric and Power Company, has agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments, which will be known as CVOW-South, from Avangrid, Inc. (AGR) for nearly $160 million. This is inclusive of a payment of about $3,000 per acre for the nearly 40,000-acre lease. After receiving the necessary approvals from the Bureau of Ocean Energy Management and the City of Virginia Beach, both companies expect to close the t ...

40,000-acre lease, currently known as Kitty Hawk North Wind, will be renamed CVOW-South and could support 800 MW of offshore wind generation capacity in the 2030s Acquisition provides optionality 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 Transaction value of ~$160 million consists of lease acquisition ($117 million) and associated development cost reimbursement ($43 m ...

A heat wave has gripped much of the country this summer. That has people cranking up their ACs to cool down, which is boosting power demand. The rise in power consumption and prices will likely raise the average power bill by about 3% this year compared to last summer. Instead of sweating the heat wave (and rising future power prices), you can cash in on red-hot demand for power. Dominion Energy (D -1.23%), NextEra Energy (NEE -3.95%), and Duke Energy (DUK -0.36%) stand out to a few Fool.com contributors as ...

"This is a different urgency coming. They need this load to drive the next iteration of growth," Skantze told the Reuters Global Energy Transition conference in New York City this week. "They're showing up now at the utility and they're banging on the door and they're saying I need to put this resource on the grid," the executive said. D SO NEE The sun sets behind power lines near homes during a heat wave in Los Angeles, Sept. 6, 2022. Patrick T. Fallon | Afp | Getty Images The largest utility companies in ...

Let's focus on the factors that make this Zacks Rank #2 (Buy) company a good investment pick at the moment. Demand From Data Centers Other Key Picks Long-Term Growth and Dividend Yield Current ratio of the company at the end of the first quarter of 2024 was 1.05, indicating the company's ability to meet its short-term obligations, which are due within a year. Dominion Energy Inc.'s (D) earnings estimates have been revised upward, reflecting analysts' optimism surrounding the stock. The Zacks Consensus Estim ...

Utilities upgrade and strengthen electric infrastructure work throughout the year to improve their quality of service and provide service even during difficult weather conditions. FirstEnergy (FE) is also regularly making investments to strengthen its transmission and distribution network. The company is also using helicopters to inspect the transmission lines. The purpose of the inspections is to search for equipment issues that are not apparent from the ground and faults that are not visible from the grou ...

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Therefore, the Zacks rating upgrade for Dominion Energy basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. For Dominion Energy, rising earnings estimates and the consequent rating upgrade ...

The most recent trading session ended with Dominion Energy (D) standing at $49.19, reflecting a -1.42% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.09%. Elsewhere, the Dow lost 0.1%, while the tech-heavy Nasdaq added 0.16%. The energy company's stock has dropped by 5.47% in the past month, falling short of the Utilities sector's loss of 2.12% and the S&P 500's gain of 2.83%. The upcoming earnings release of Dominion Energy will be of great ...

These companies pay well above average dividends. Generating lots of income More growth ahead Enbridge expects these catalysts to grow its cash flow per share by 3% annually through 2026, and by 5% per year after that. Its growing cash flow should enable it to continue increasing its dividend, which Enbridge has done for 29 straight years. Realty Income should be able to continue increasing its dividend. It expects to grow its cash flow per share by 4% to 5% annually, driven by rent growth and additional pr ...