Dominion Energy, Inc. (D) Stock Forecasts
Dominion Energy: A Leader in Regulated Utility Operations
Dominion Energy is a major player in the energy industry, with regulated electric and natural gas utility operations in 13 states. The company is involved in the generation, transmission, and distribution of electricity, as well as retail and wholesale operations. Dominion boasts an impressive portfolio, including 40 GW of generation capacity, 85,600 miles of electric distribution lines, and 10,600 miles of electric transmission lines. The company currently serves 3.6 million electric customers in Virginia, North Carolina, and South Carolina, as well as 500,000 natural gas customers in South Carolina.
In 2024, Dominion Energy reported revenues of nearly $14.5 billion, with operating earnings reaching $2.4 billion. A significant portion of the operating earnings, approximately 84%, came from Dominion Energy Virginia. The company operates five nuclear generation sites, with nuclear power making up 42% of its fuel mix. However, Dominion also relies on gas, coal, and oil for generation. To diversify its energy sources and reduce its carbon footprint, Dominion is investing in renewable energy, particularly solar power. Despite these efforts, Dominion does not expect to achieve net-zero emissions until 2050, aligning with other industry peers that are heavily dependent on coal.
Dominion Energy has recently undergone a business transformation, focusing on sustainability and innovation. The company is committed to providing reliable and affordable energy to its customers while also reducing its environmental impact. By investing in renewable energy and implementing energy-efficient practices, Dominion is paving the way for a cleaner and more sustainable future.
