Richmond, VA-based Dominion Energy Inc. (earlier known as Dominion Resources Inc.) was founded in 1909. The company, together with its subsidiaries, produces and transports energy in the United States. It is a major energy company engaged in regulated and non-regulated electricity distribution, generation and transmission businesses. In addition, it sells electricity at wholesale prices to rural electric cooperatives, municipalities and through wholesale electricity markets.
Dominion Energy has a portfolio of nearly 29,500 MW of electric generating capacity, 4,000 miles of natural gas transmission, gathering and storage pipeline, 94,800 miles of natural gas distribution mains, 10,600 miles of electric transmission lines and 79,300 miles of electric distribution lines. The company is committed to achieve net-zero carbon and methane Scope 1 emissions by 2050, while continuing to deliver reliable and affordable energy.
Dominion Energy’s segments are Dominion Energy Virginia, the vertically integrated electric utility in Virginia and North Carolina, Contracted Energy, which includes Millstone Power Station and more than 50 long-term contracted solar facilities and Dominion Energy South Carolina, a natural gas and electric utility in the Palmetto State. In addition, in December 2023, the company reclassified certain operations to the Corporate and Other segment
Dominion Energy’s total revenues for 2023 were nearly $14.4 billion, its segments Dominion Energy Virginia, Dominion Energy South Carolina, Contracted Energy, and Corporate and Other contributed 66.5%, 23.4%, 5.8% and 4.3% respectively in 2023.
To meet its customers’ needs for reliable, affordable and increasingly clean energy every day and to reach net zero emissions, in the near-term Dominion Energy is seeking extension of the licenses of its zero-carbon nuclear fleet at North Anna similar to the license extension received for Surry. The company is expanding wind and solar generation as well as energy storage, investing in carbon-beneficial renewable natural gas, expanding its industry-leading methane emissions-reduction programs including pursuing innovative uses of clean burning hydrogen and using low-carbon natural gas to support the integration of wind and solar generation facilities as well as energy storage facilities into the grid.
