Dominion Energy Inc (D)

Dominion Energy completed the remaining action items from a business review, reducing debt by approximately $21 billion. This included closing on the sales of The East Ohio Gas Company, Questar Gas Company, Wexpro Company, and Public Service Company of North Carolina, Inc. to Enbridge Inc. Additionally, Dominion Energy closed on the sale of a 50% noncontrolling equity interest in its Coastal Virginia Offshore Wind (CVOW) project to Stonepeak Partners, LLC.

Dominion Energy's demand for products and services is seasonal. Electricity demand peaks during extreme weather conditions, such as hot summer months and cold winter months. Natural gas demand is generally higher during colder months for heating purposes. The company's diverse portfolio of generation facilities and its extensive transmission and distribution networks are designed to manage these seasonal fluctuations in demand.

Dominion Energy, Inc. is an American power and energy company based in Richmond, Virginia, operating in the Electric Utilities industry. The company provides regulated electricity and natural gas services to various customers. It operates a diverse portfolio of power generation facilities, utilizing sources such as natural gas, coal, nuclear, hydroelectric, solar, and wind. The company manages the infrastructure for delivering electricity and manages natural gas distribution systems. Dominion Energy offers energy efficiency programs and is committed to sustainability initiatives.

Dominion Energy serves approximately 4 million utility and retail energy customers across 13 states, with a significant presence in the eastern and Rocky Mountain regions. It provides electricity service in Virginia, North Carolina, and South Carolina, serving about 3.6 million customers and is a producer of carbon-free electricity in New England. The company provides natural gas service in South Carolina, Ohio, Utah, Wyoming, Idaho, and West Virginia.

Dominion Energy is committed to providing reliable, affordable, and increasingly clean energy, emphasizing safety, ethics, excellence, embrace change, and teamwork. Investments in renewable energy sources like solar and offshore wind, such as the Coastal Virginia Offshore Wind project, positively impact its reputation. The company's focus on reducing carbon emissions and promoting clean energy alternatives contributes to its sustainability initiatives.

Dominion Energy, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol D. Its ownership is distributed among numerous institutional and individual investors, including mutual funds, pension funds, and other large asset management firms, alongside individual retail investors.