Dominion Energy, Inc.

What does Dominion Energy own?
Dominion Energy owns Dominion Energy Virginia and Dominion Energy South Carolina regulated utilities, plus the Coastal Virginia Offshore Wind project and solar assets. It divested its natural gas businesses between 2020 and 2024.

Is Dominion Energy publicly traded?
Yes. Dominion Energy trades on the NYSE under ticker D and is a component of the S&P 500.

Where is Dominion Energy headquartered?
Dominion Energy is headquartered in Richmond, Virginia, USA.

Who owns Dominion Energy?
Dominion Energy is owned by public shareholders with no controlling investor. Robert Blue serves as Chair, President, and CEO.

What is Dominion Energy's revenue?
Dominion Energy reported FY2025 operating revenue of $16.5 billion, with GAAP net income of $3.0 billion and operating EPS of $3.42.

How many customers does Dominion Energy serve?
Dominion Energy serves approximately 3.6 million electric utility customer accounts in Virginia and South Carolina.

The company's roots trace to Virginia Electric and Power Company (VEPCO), formed through consolidations of Virginia utilities dating to 1909. The holding company Dominion Resources was created in 1983 to restructure VEPCO into a diversified energy company.

Through the 1990s and 2000s Dominion expanded into natural gas pipelines, storage, and unregulated power generation, becoming a diversified energy company with operations across the eastern United States. The company rebranded from Dominion Resources to Dominion Energy in 2017.

The 2019 acquisition of SCANA Corporation added South Carolina Electric & Gas, the state's largest utility, creating the Dominion Energy South Carolina subsidiary. The deal was controversial, absorbing the fallout from SCANA's failed V.C. Summer nuclear construction project.

From 2020 to 2024 Dominion executed a major portfolio restructuring, selling its natural gas transmission and storage businesses to Berkshire Hathaway, its gas distribution operations in Utah, Ohio, West Virginia, and Wyoming to Enbridge, and refocusing entirely on regulated electric utility operations. The restructuring left Dominion as a two-state regulated electric utility with a clean investment thesis.

The Coastal Virginia Offshore Wind project, under construction off Virginia Beach, represents the company's largest capital investment: 176 turbines totaling 2.6 gigawatts, scheduled to power 660,000 homes and serve the surging data center load in Northern Virginia.

Dominion Energy has committed to net zero carbon emissions by 2050 under the Virginia Clean Economy Act framework, which mandates carbon-free electricity by 2045 for the regulated utilities. The company is executing one of the largest utility-led renewable buildouts in the country, anchored by the 2.6 gigawatt offshore wind project and substantial solar development.

The company has been a major renewable developer among regulated utilities, retiring coal generation and transitioning toward solar, wind, and battery storage. Its sustainability reporting covers emissions reduction, renewable capacity, and environmental justice considerations in rate design.

• Fortune 500: Dominion Energy ranks on the Fortune 500 by revenue.
• Utility industry recognition: The company's offshore wind program has received industry recognition as the largest US offshore wind project under construction.
• Data center industry relationships: Dominion Energy Virginia is recognized as serving the world's largest data center market.

SCANA merger and V.C. Summer nuclear failure (2019): Dominion's acquisition of SCANA absorbed the fallout from the failed V.C. Summer nuclear expansion, which had cost South Carolina ratepayers billions before abandonment. The deal required regulatory settlements over the failed project and remains a case study in utility merger risk.

Rate case disputes: As a regulated utility, Dominion faces periodic rate case proceedings with the Virginia State Corporation Commission and South Carolina regulators, where allowed returns and rate increases are contested by intervenors and consumer advocates.

Offshore wind costs: The Coastal Virginia Offshore Wind project's $10+ billion price tag has drawn scrutiny over whether ratepayers are bearing appropriate risk for a first-of-scale project, though regulators approved the cost recovery framework.

Political influence: Dominion Energy Virginia has historically been among the largest political donors in Virginia state politics, drawing criticism over utility influence on energy regulation, though the company has reduced political spending in recent years.