Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines, constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast. The company is transitioning toward renewable energy with major offshore wind projects like the Coastal Virginia Offshore Wind (CVOW) initiative while maintaining a diversified energy portfolio.
Cyborg Score Rationale
Dominion Energy demonstrates strong fundamentals with $51.4B market cap, $15.8B annual revenue, and 27,000 megawatts of generation capacity. Strategic positioning in renewable energy transition and regulated utility operations provides stability, though governance concerns (ISS score of 3) and execution risks on major projects warrant monitoring.
Top Insights
Coastal Virginia Offshore Wind (CVOW) project will add 2,600+ MW clean energy capacity with 220 turbines, targeting completion by 2026 to power 650,000 homes
Company achieves 99.9% reliability outside major storms with residential rates 12-24% below national average across service territories
Diversified asset portfolio includes 27,000 MW generation, 6,000 miles transmission, 54,000 miles distribution lines, and nation's largest natural gas storage facility
Contracted Energy segment focuses on nonregulated renewable generation fleet and renewable natural gas facilities for future growth
Named Competitors
Southern Company — Diversified utility with gas and renewable operations
NextEra Energy — Leading renewable energy and clean power producer
NiSource — Gas and electric utility infrastructure operator
Entergy — Regulated electricity and natural gas provider
Recent Developments
(January 2026) Court Allowed Construction of Largest US Offshore Wind Farm to Continue
(February 2026) Dominion Energy and Library of Virginia Honor Four Leaders as "Strong Men & Women in Virginia History"
(February 2025) Joint Venture with Valley Link Transmission
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