Dominion Energy, Inc. Overview
Pro stress-test →Dominion Energy (NYSE: D), headquartered in Richmond, Va., provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company is one of the nation's leading developers and operators of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →Southern Company, NiSource, NextEra Energy, Entergy, and Avista are some of the competitors of Dominion Energy. Dominion competes primarily with large integrated utilities across electricity generation, transmission, and distribution, differentiated by its leadership in offshore wind development and carbon-free electricity production in New England.
Industry Context
Dominion Energy, Inc. operates in Utilities - Regulated Electric and Natural Gas.
Key facts
Founded: 1983 · Headquarters: Richmond, Virginia · Employees: 17,700 · Revenue: $15.8B · Market cap: $51.4B