Dominion Energy Inc. (D1OM34)

Overview

Dominion Energy, Inc., a significant player in the energy sector of the United States, operates with a commitment to producing and distributing energy across numerous states. With its headquarters in Richmond, Virginia, the company has evolved over the years, initially known as Dominion Resources, Inc., before adopting its current identity. Since its establishment in 1983, Dominion Energy has expanded its operations through three main segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. Each of these segments plays a vital role in the company's overall mission to supply electricity and natural gas to a wide-ranging customer base that includes residential, commercial, industrial, and governmental sectors. As of the end of 2023, Dominion Energy boasts a comprehensive portfolio that includes a significant electric generating capacity of approximately 29.5 gigawatts, alongside extensive transmission and distribution networks for both electricity and natural gas.

Products and Services

• Dominion Energy Virginia

  This segment is at the forefront of generating, transmitting, and distributing regulated electricity across Virginia and North Carolina. Catering to around 2.8 million customers, it ensures a reliable electricity supply to a diverse clientele, including residential, commercial, industrial, and governmental entities. This segment's operations are crucial for maintaining the day-to-day energy needs of vast regions, supporting everything from homes and schools to industries and government operations.

• Dominion Energy South Carolina

  In the heart of the southeastern United States, this segment services approximately 0.8 million electricity customers in central, southern, and southwestern South Carolina. Furthermore, it provides natural gas to about 0.4 million customers, covering residential, commercial, and industrial needs in the state. By generating, transmitting, and distributing electricity, as well as distributing natural gas, Dominion Energy South Carolina plays a pivotal role in the energy infrastructure of the region.

• Contracted Energy

  This segment emerges as a beacon of Dominion Energy's commitment to sustainability and environmental stewardship through its involvement in non-regulated, long-term contracted renewable electric generation and renewable natural gas facilities. It signifies the company's forward-looking approach to energy production, focusing on renewable sources to meet the growing demand for clean and sustainable energy solutions.