82.16 0.00 (0.00%)
After hours: 5:03PM EDT
|Bid||81.82 x 800|
|Ask||82.49 x 900|
|Day's Range||81.72 - 82.44|
|52 Week Range||67.41 - 82.68|
|Beta (3Y Monthly)||0.25|
|PE Ratio (TTM)||68.75|
|Earnings Date||Nov 1, 2019|
|Forward Dividend & Yield||3.67 (4.49%)|
|1y Target Est||82.97|
RICHMOND, Va., Oct. 18, 2019 /PRNewswire/ -- State-owned buildings and facilities in Virginia will soon be powered with solar and wind energy under a new agreement between the Commonwealth and Dominion Energy.
Pattern Energy (PEGI) announces agreements to acquire Henvey Inlet and Grady Wind Facilities, result of its robust acquisition strategy and focus on renewables.
The most recent projections for the Atlantic Coast Pipeline call for the 600-mile project to be finished in late 2021 by the earliest and at a cost of $7.8 billion — if it finally gets clearance to start construction.
RICHMOND, Va., Oct. 10, 2019 /PRNewswire/ -- Dominion Energy today released its annual Sustainability & Corporate Responsibility report, which reviews the company's progress on environmental and social responsibility and operational initiatives in 2018 and establishes new commitments for 2019 and beyond. "The people of Dominion Energy are leading the country's transition to clean energy," said Dominion Energy chairman, president and chief executive officer Thomas F. Farrell, II. "We are transforming everything we do to build a more sustainable future for our customers, the planet and our company.
The increase will be less than 1.9% for residential customers, or about $1.44 on a typical monthly bill during the winter heating season.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of June 28. In this […]
The Trump administration's effort to cut red tape and speed up major energy projects has backfired in the case of the three biggest U.S. pipelines now planned or under construction. All three have been stalled by successful legal challenges by environmental groups alleging the administration failed to apply the regulatory scrutiny required under the law. The Republican administration tried to accelerate permits for two multi-billion-dollar natural gas lines and jumpstart the long-stalled Keystone XL crude oil pipeline that would start in Canada.
RICHMOND, Va. , Oct. 7, 2019 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D) will host its third-quarter earnings conference call at 10 a.m. ET on Friday, Nov. 1, 2019 . Management will discuss third-quarter ...
Dominion Energy (D) is examining the feasibility of 100-MW solar project at the Washington Dulles International Airport. The project can provide power to 25,000 homes.
The Atlantic Coast Pipeline is scheduled to have its day before the U.S. Supreme Court in 2020. The nation’s highest court has accepted an appeal petition submitted by Dominion Energy. The latest development is described as a “very encouraging sign” by the Virginia utility giant.
(Bloomberg) -- The U.S. Supreme Court will consider jump-starting Dominion Energy Inc.’s proposed $7.5 billion Atlantic Coast Pipeline, agreeing to rule on a key permit that would let the natural-gas line cross under the Appalachian Trail.A federal appeals court threw out the permit, saying the U.S. Forest Service lacked the authority to approve the right-of-way. Lawyers for the pipeline and the Trump administration say the lower court ruling threatens the 600-mile (965 kilometer) project’s viability.The appeals court “has effectively erected a 2,200-mile barrier severing the eastern seaboard from oil and gas sources west of the Appalachian Trail,” Atlantic Coast Pipeline LLC argued in its appeal. The case will also affect EQM Midstream Partners LP’s planned $4.6 billion Mountain Valley gas pipeline from West Virginia to Virginia.Dominion shares rose as much as 2.7%, making it the fourth-best performer on the S&P 500. EQM Midstream Partners climbed as much as 4.8%.The decision to hear the case is a boost for a project that has been beset by years of delays and cost overruns. The pipeline is one of a series of oil and gas projects that have stalled amid staunch opposition from environmentalists and landowners.The Supreme Court’s action Friday is a “favorable indicator” that the lower court’s decision was wrong, Brandon Barnes, a senior litigation analyst for Bloomberg Intelligence, said in a research note.The justices will hear arguments early next year and rule by early July.The environmental groups challenging the permit, led by the Cowpasture River Preservation Association, urged the Supreme Court not to hear the case, saying the companies were exaggerating the impact of the 4th Circuit ruling.The groups pointed to statements by Dominion officials expressing confidence they could work around the decision -- and proceed with the pipeline -- even if the Supreme Court didn’t intervene. Mountain Valley has said it’s exploring a land swap to get around the legal hurdles.Dominion is developing the pipeline with Duke Energy Corp. and Southern Co. Atlantic Coast would carry as much as 1.5 billion cubic feet of natural gas per day from the Marcellus shale basin in West Virginia to customers in North Carolina and Virginia. The pipeline company says it will save consumers $377 million a year.Under the original proposal, a 0.1-mile segment would cross under the hiking trail at a depth of more than 600 feet. The exit and entry points wouldn’t be visible from the trail, according to the Trump administration.The 4th Circuit said the U.S. Mineral Leasing Act doesn’t let the Forest Service authorize that segment. The law excludes land that’s part of the National Park System from the Forest Service’s jurisdiction. The environmental groups say that was the right conclusion.“Because ACP seeks to cross the trail on an area of federal land in the National Park System, the MLA provides no authority for that right-of-way,” the groups argued.The Trump administration says that, while the National Park Service manages the Appalachian Trial, the underlying land for the proposed pipeline is part of a national forest -- putting it within the Forest Service’s purview. U.S. Solicitor General Noel Francisco told the justices the lower court ruling would upend a long-settled understanding of the Forest Service’s authority.The ruling “casts doubt on the Forest Service’s previously unquestioned authority to grant permits and other types of land use authorizations for power lines, communications sites, water facilities, and roads that cross the Appalachian Trail within national forests,” the administration argued.56 PipelinesThe Appalachian Trail, which runs from Maine to Georgia, was completed in 1937. It’s the world’s longest hiking-only footpath, according to the Appalachian Trail Conservancy, based in Harpers Ferry, West Virginia, which works to protect and maintain the trail.Atlantic Coast says 56 pipelines already cross the trail, some of them on Forest Service land.“The Appalachian Trail has never been understood to constitute an impediment to pipeline construction,” Atlantic Coast argued.But the environmental groups say none of those were authorized under similar circumstances. Some are on state or private land, while others predate the congressional designation of the Appalachian Trail, the groups say.“In the 51 years since Congress designated the Appalachian Trail, the Forest Service had never granted a new right-of-way to an oil or gas pipeline to cross the trail in a national forest,” the groups argued.The cases are United States Forest Service v. Cowpasture River Preservation Association, 18-1584, and Atlantic Coast Pipeline v. Cowpasture River Preservation Association, 18-1587.(Adds delays and opposition in fifth paragraph; an earlier version corrected the year the court will hear arguments in seventh paragraph)\--With assistance from Joe Ryan.To contact the reporter on this story: Greg Stohr in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Joe Sobczyk at email@example.com, Laurie Asséo, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump's administration of a lower court ruling that halted construction on a $7.5 billion natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia. The administration and companies involved in the project have asked the justices to overturn a ruling that found that the U.S. Forest Service lacked the authority to grant a right of way for the pipeline.
The U.S. Supreme Court will consider jump-starting Dominion Energy's proposed $7.5B Atlantic Coast Pipeline, agreeing to rule on a key permit that would let the natural-gas line cross under the Appalachian Trail.
CLEVELAND, Oct. 3, 2019 /PRNewswire/ -- Dominion Energy, through the Dominion Energy Charitable Foundation, will award $110,000 in unrestricted grants to area non-profits that have made a difference in the communities the company serves. The grants are offered through the 25th annual Community Impact Awards competition, sponsored by Dominion Energy and Cleveland Magazine. Since 1996, the program has awarded more than $1.7 million in Community Impact Awards grants.
RICHMOND, Va., Oct. 3, 2019 /PRNewswire/ -- Thirteen college students from military families across Virginia will receive full tuition and other assistance as Dominion Energy Fellows attending Virginia's Community Colleges. The $300,000 two-year grant establishes the Dominion Energy Fellows Program to support military-connected students at Virginia's Community Colleges who are within one year of completing their studies.
- Solar facility would be one of the largest in Northern Virginia - Renewable energy would connect to grid to serve all regional customers HERNDON, Va. , Oct. 3, 2019 /PRNewswire/ -- Dominion Energy Virginia ...
RICHMOND, Va., Oct. 2, 2019 /PRNewswire/ -- Dominion Energy (NYSE:D) today announced organizational changes tied to a new financial and operating reporting structure that will take effect on Dec. 1, 2019. The changes are aimed at improving the company's operating efficiency, customer experience and transparency of its financial disclosures.
(Bloomberg) -- Dominion Energy Inc., the U.S. utility giant that came under fire for overcharging its customers by almost $380 million, wants to keep the money and spend it on grid upgrades.The Virginia power company proposed using some of the extra cash to help install almost a million smart meters, create an online “customer information platform” and add more devices to the grid that could help prevent blackouts. It’s part of a plan that the state rejected in January, calling it too costly. The utility on Monday came back with a more modest proposal and a smaller price tag of $594 million, down from more than $1 billion.It’s the latest twist in the saga over Dominion’s massive overcharges in 2017 and 2018, which were flagged in a Virginia state report in August. Infuriated consumer advocates have called on the company to return the money to no avail, and one ratepayer group staged a “Rally for Our Refunds” in Richmond three weeks ago.Like most power companies, Dominion is only allowed to earn a certain amount. Some utilities have returned extra cash to customers in the past if earnings exceed the threshold. The latest fight in Virginia is centered on a state law passed last year that allows electricity providers to keep some excess profits so long as they re-invest the money in renewable projects or grid upgrades.Dominion has already said it plans to spend some of the funds on an offshore wind demonstration project, which broke ground this summer. “What a great way to fund the first utility offshore wind project -- to be able to do it without having a rate increase,” Thomas Wohlfarth, Dominion’s senior vice president of regulatory affairs, said in a phone interview.Using the company’s over-earnings to pay for such projects will limit rate hikes and cut down on financing costs, saving money for customers in the long run, he said.There is a hitch: Under the new law, Virginia’s first review of utilities’ excess earnings will cover a four-year period. So if Dominion doesn’t earn as much in the next two years as it did in the last two, there’s a chance the extra cash it has overcollected shrinks or disappears altogether, wiping out the money it’s proposing to set aside for grid improvements and renewable power.“The two-year look is not the final story,” Wohlfarth said. “We have to see what happens in the next two years.”Analysts attributed much of Dominion’s excess income to warmer-than-normal weather in Virginia last year, which led to stronger electricity sales. The state report showed that the money came from Dominion’s power-generation business, rather than its distribution system.“If the weather is warmer than normal and you sell more electricity than normal, you’re going to overearn,” said Charles Fishman, a utilities analyst at Morningstar Inc.Shares of the company climbed 0.2% to close at $81.22. They have risen about 14% in 2019.Dominion’s $594 million grid plan will need approval from the Virginia State Corporation Commission. The company is proposing to cover about half of the cost with some of the extra cash and recover the rest through customer rates. The program would help deploy the customer platform and smart meters through 2021.(Adds utility executive quote and funding details starting in the fifth paragraph)To contact the reporter on this story: David R. Baker in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.