- CEO
- Thomas F. Farrell II
- Full Time Employees
- 17,100
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 120 Tredegar Street Richmond VA United States of America 23219
- IPO Date
- Jun 19, 2019
- Business
- Dominion Energy, Inc. (NYSE: DCUE) engages in the generation, transmission, distribution, and sale of regulated electricity and natural gas primarily in the eastern United States. The company operates through four segments--Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets--offering approximately 30.2 gigawatts of electric generating capacity, including regulated offshore wind and solar power; 10,500 miles of electric transmission lines; 85,600 miles of electric distribution lines; 94,200 miles of gas distribution mains and related service facilities; and 6,200 miles of gas transmission, gathering, and storage pipeline, serving residential, commercial, industrial, and governmental customers in 13 states with a focus on carbon-free electricity production. Its portfolio encompasses nonregulated long-term contracted renewable electric generation, renewable natural gas facilities, energy marketing, price risk management activities, energy-efficient equipment rebates, EV charging solutions through subsidiaries like Dominion Energy Solutions, and on-site renewable energy options such as rooftop solar, battery storage, and industrial optimization for homes, businesses, municipalities, and governments. Founded in 1983 and headquartered in Richmond, Virginia, the company provides electricity to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, alongside natural gas to 500,000 customers in South Carolina, positioning it as a leading developer and operator of clean energy infrastructure and the largest producer of carbon-free electricity in New England. Recent developments include the October 2024 acquisition of the Kitty Hawk North offshore wind lease area from Avangrid for $160 million to expand its renewables portfolio; discussions in November 2025 to acquire Northern Virginia Electric Cooperative (NOVEC) to strengthen its position in the data center market; an escalated partnership with Amazon Web Services in June 2025 to develop 5 gigawatts of nuclear small modular reactor (SMR) energy for Virginia data centers; advancement of the Coastal Virginia Offshore Wind (CVOW) project to 66% completion as of late 2025; a $50 billion infrastructure investment plan through 2029 to meet surging data center demand, with a 17% growth in its data center pipeline; and a partnership with Qmerit in 2024 to expand residential EV charging installations.