50 Facts About Dominion Energy Inc.

Dominion Energy Inc. is a major player in the American energy sector. With a history spanning over a century, the company has grown to serve millions of customers while making strides in sustainability and innovation. Let's dive into some fascinating facts about Dominion Energy.

Dominion Energy's Reach and Operations

Dominion Energy has a vast network and a significant presence in the energy market. Here are some key details about its operations and reach.

1. Headquarters Location: Dominion Energy is based in Richmond, Virginia, serving over 5 million retail energy customers across 15 states in the Midwest, mid-Atlantic, and Northeast regions of the U.S.
2. Publicly Listed Company: It trades on the New York Stock Exchange (NYSE) under the ticker symbol D.
3. Revenue and Installed Capacity: In 2020, Dominion Energy reported $14.2 billion in revenue and had an installed capacity of 34 GW.
4. Customer Base: More than 5 million retail energy customers in 15 states, including Virginia, North Carolina, and South Carolina, rely on Dominion Energy.
5. Transmission and Distribution Infrastructure: Dominion operates 6,000 miles of electric transmission lines and 54,000 miles of distribution lines, along with 14,000 miles of natural gas transmission, gathering, and storage pipelines.

Commitment to Sustainability

Dominion Energy is dedicated to reducing its environmental impact and promoting clean energy. Here are some of their sustainability initiatives.

6. Net Zero Emissions Goal: The company aims to achieve net zero emissions by 2050, covering both carbon dioxide and methane emissions from its operations.
7. Carbon Emissions Reduction: Since 2005, Dominion has cut carbon emissions by approximately 50%.
8. Methane Emissions Reduction Target: The goal is to reduce methane emissions by 65% by 2030 and 80% by 2040 from 2010 levels.
9. Renewable Natural Gas (RNG) Projects: Dominion is investing in RNG projects to capture methane from U.S. farms, aiming for net zero in its gas infrastructure area 10 years before the overall company.
10. Renewable Energy Initiatives: The company is developing strategies for renewable energy sources like wind and biomass, along with conservation and efficiency programs.

Energy Production and Infrastructure

Dominion Energy's diverse energy production portfolio includes various sources and significant infrastructure investments.

11. Electricity Generation Sources: In 2022, 18% of Dominion's electric production came from coal, 23% from nuclear power, 48% from natural gas, and 11% from hydro and other renewables.
12. Cove Point LNG Terminal: Dominion operates the Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay, one of the largest and busiest in the nation.
13. Natural Gas Storage Facility: The company runs the nation's largest natural gas storage facility, with over 975 billion cubic feet of storage capacity.
14. Asset Portfolio: Dominion's assets include 27,000 megawatts of power generation capacity and 1.2 trillion cubic feet of natural gas and oil reserves.
15. Transmission Infrastructure Investment: In 2023, Dominion invested $1.9 billion in transmission infrastructure in Virginia and the Carolinas.

Historical Milestones and Acquisitions

Dominion Energy has a rich history marked by significant milestones and strategic acquisitions.

16. Historical Milestones: Dominion was listed at #238 on the Fortune 500 in 2017. A book about the company's 100-year history, Dominion’s First Century: A Legacy of Service, was published in 2010.
17. Nuclear Power Operations: The company became a world-class operator of nuclear power stations during the 1980s and 1990s.
18. Consolidated Natural Gas Company Acquisition: In 2000, Dominion acquired Consolidated Natural Gas Company (CNG) of Pittsburgh, expanding its natural gas service network.
19. Louis Dreyfus Natural Gas Company Acquisition: In 2001, Dominion acquired Louis Dreyfus Natural Gas Company, further expanding its natural gas delivery network.
20. Dominion Exploration and Production: By 2007, Dominion's exploration and production subsidiary was one of the largest independent natural gas and oil operators.

Renewable Energy and Innovation

Dominion Energy is at the forefront of renewable energy and innovative projects.

21. Renewable Energy Projects: The company has more than 12 GW of renewable energy in service or under development, including solar and wind projects.
22. Solar Generation Capacity: As of 2023, Dominion had roughly 9,000 MW of solar generation in service or development.
23. New Solar Projects Proposal: In October 2023, Dominion proposed over a dozen new solar projects totaling nearly 800 MW, enough to power 200,000 Virginia homes.
24. Battery Storage Initiatives: The company is piloting cutting-edge battery storage alternatives, including an iron-air battery that can discharge for up to 100 hours.
25. Dry Bridge Battery Storage Project: Dominion's Dry Bridge battery storage project in Virginia, operational since December 2023, can power up to 5,000 homes.

Community Engagement and Environmental Stewardship

Dominion Energy is committed to supporting its communities and protecting the environment.

26. Grid Transformation Plan: The company's long-term Grid Transformation Plan aims to make the grid smarter, more efficient, and resilient.
27. Customer Growth Rate: In 2023, Dominion Energy South Carolina’s gas utility experienced a 3.35% customer growth rate.
28. Utility-Scale Renewable Energy Projects: The company added four new utility-scale renewable energy projects to its fleet in 2023.
29. Peak Summer Demand Growth: Dominion projects a 5.5% annual peak summer demand growth in its Virginia service area over the next decade.
30. Data Centers Connected to the Grid: As of 2023, 15 data centers accounting for 933 MW of electric load were connected to the grid.

Leadership and Vision

Dominion Energy's leadership team is dedicated to driving the company towards a sustainable future.

31. Board of Directors and Leadership: The company has a diverse board of directors and leadership team, including James A. Bennett as Executive Director of External Affairs and Robert M. Blue as Chair, President, and CEO.
32. Community Engagement: Dominion is committed to sustainable, reliable, affordable, and safe energy, engaging with communities through various initiatives.
33. Environmental Stewardship: The company has a strong history of environmental stewardship, significantly reducing its greenhouse gas emissions.
34. Support for Vulnerable Customers: Dominion ensures its most vulnerable customers have the support needed to maintain service and manage bills.
35. Accelerating Greenhouse Gas Reductions: Beyond reducing its own emissions, Dominion helps accelerate greenhouse gas reductions in other industries like transportation, agriculture, and manufacturing.

Future Plans and Goals

Dominion Energy is focused on achieving its ambitious goals and continuing to innovate in the energy sector.

36. Transportation Sector Support: The company supports reducing the carbon footprint of the transportation sector through various initiatives.
37. Agriculture Sector Support: Dominion is positioned to unlock progress in agriculture by supporting RNG projects that capture methane from U.S. farms.
38. Manufacturing Sector Support: The company aims to help accelerate greenhouse gas reductions in manufacturing by investing in low-carbon technologies.
39. Net Zero Emissions Framework: Dominion focuses on achieving near-term progress on methane emissions while driving toward the 2050 goal.
40. Methane Emissions Reduction Strategy: The company commits to decreasing methane emissions by 65% by 2030 and 80% by 2040 from 2010 levels.

Innovation and Clean Energy Future

Dominion Energy is dedicated to building a clean energy future through innovation and sustainability.

41. Carbon-Beneficial RNG Projects: Dominion invests in RNG projects to capture methane from U.S. farms, aiming for net zero in its gas infrastructure area 10 years before the overall company.
42. Clean Energy Future: The company is committed to delivering safe, clean, reliable, and affordable energy for over 7 million customers across 18 states.
43. Sustainability Initiatives: Dominion engages in various sustainability initiatives to reduce its environmental footprint and promote clean energy solutions.
44. Employee Mindset: The company's employees are problem-solvers, applying this mindset to help solve the challenge of climate change.
45. Leadership Commitment: Thomas F. Farrell, II, the chairman, president, and CEO, is confident in the company's ability to help solve climate change challenges.

Customer and Community Impact

Dominion Energy's efforts have a positive impact on its customers and communities.

46. Customer Support: Dominion ensures its customers have the support needed to maintain service and manage bills while making necessary investments to reach net zero emissions.
47. Community Impact: The company's efforts to reduce greenhouse gas emissions and promote clean energy positively impact local communities and the environment.
48. Future Plans: Dominion plans to expand its clean-energy and modernization programs across its businesses to meet customer energy needs while minimizing its environmental footprint.
49. Sustainability Commitment: The company is dedicated to sustainable practices and reducing its environmental impact.
50. Innovation and Progress: Dominion continues to innovate and make progress towards a sustainable and clean energy future.

Dominion Energy's Path Forward

Dominion Energy Inc. stands as a major player in the American energy sector, with a rich history and a strong commitment to sustainability. The company serves over 5 million customers across 15 states, providing a mix of electricity and natural gas. With a goal of achieving net zero emissions by 2050, Dominion has already made significant strides, cutting carbon emissions by about 50% since 2005. Their investments in renewable energy, like solar and wind projects, and innovative battery storage solutions, highlight their dedication to a cleaner future. Dominion's efforts extend beyond just energy production; they aim to support reductions in greenhouse gas emissions across various industries, including transportation and agriculture. As they continue to evolve, Dominion Energy remains focused on delivering reliable, affordable, and increasingly clean energy to their customers, ensuring a positive impact on both local communities and the environment.