Dominion Energy Inc - Company Profile
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Business Description
Dominion Energy Inc (Dominion) is an integrated energy utility, which offers electricity, natural gas, and related services. It generates, transmits, and distributes electricity; transmits, distributes, stores and processes gas; and carries out LNG import and storage operations.
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Business Segments
Overview
Includes the generation, distribution and transmission of electricity in southern, central and southwestern regions in South Carolina serving 0.8 million customers. Also distributes natural gas to 0.5 million commercial, residential and industrial customers in South Carolina. Segment's 2025 plan includes an investment of approximately US$6 billion to upgrade existing infrastructure and add new facilities. This initiative is designed to meet the growing energy needs within its service area and ensure continued reliability. In FY2024, the segment incurred a capital expenditure of US$1,105 million, which grew 15.5% YoY.
Performance
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Overview
Provides electric transmission, generation, and distribution services to nearly 2.8 million commercial, residential governmental and industrial customers in North Carolina and Virginia. Segment's 2025 capital plan includes an investment of approximately US$41 billion to construct new generation capacity, including the CVOW Commercial Project, to continue development, while meeting its renewable generation targets and growing electricity demand within its service territory In FY2024, the segment incurred a capital expenditure of US$9,968 million, which grew 38.5% YoY.
Performance
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Overview
Operates a Millstone, along with associated energy marketing and price risk activities and Dominion Energy's nonregulated, long-term contracted renewable electric generation fleet. It also encompasses nonregulated renewable natural gas facilities, both operational and under development, including Dominion Energy's investment in Align RNG. Segment's 2025 plan includes an investment of approximately US$2 billion, primarily in support operations at Millstone and to develop renewable natural gas projects. In FY2024, the segment incurred a capital expenditure of US$772 million, which grew 4.3% YoY.
Performance
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