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Dominion Energy Inc.

Company Summary

Description

Dominion Energy, Inc. provides natural gas and oil exploration and production services. The company also generates electricity through solar energy. The company provides energy trading and marketing services. The company was incorporated in 1975 and is based in Richmond, Virginia. Dominion Energy, Inc. operates as a subsidiary of Dominion Resources, Inc.

Website

http://www.bloomberg.com/research/stocks/private/s...

Operational Regions

  • United States

Related Entities

Competitors

Firm Transport Commitments

Project: Bethel Solar Farm
Firm Commitment: 6.75 MW

Recent news

  • 4/15/2024 - Dominion Launches First... (subscriber access)
  • 3/7/2024 - Dominion Energy... (subscriber access)
  • 2/22/2024 - Stonepeak to Acquire 50%... (subscriber access)
  • 1/30/2024 - Dominion Energy Receives... (subscriber access)
  • 12/8/2023 - Dominion Energy Virginia... (subscriber access)

Investor Presentations

  • Third Quarter 2022 Earnings Presentation
  • 2Q21 Earnings Release (subscriber access)
  • 2021 Climate Report (subscriber access)
  • 4Q20 Earnings Presentation (subscriber access)
  • 2Q20 Investor Presentation (subscriber access)
  • 4Q19 Investor Deck (subscriber access)
  • Fourth Quarter 2017 Earnings Call (subscriber access)

Company Transactions

Date: 11/15/2022
Type: Acquisition

BUYERS:
  • Ullico Inc.
    • SELLERS:
  • Dominion Energy Inc.
  • Hope Gas Inc Dba Dominion Energy West Virginia
    • DETAILS:

    COST: 690 $MM

    NOTES:
    Dominion Energy has signed a deal with Ullico Inc. to sell their Hope Gas, Inc. (aka Dominion Energy West Virginia) subsidiary in West Virginia for $690 million. The deal should close in late-2022. Hope Gas currently serves 111,000 customers across West Virginia and delivers gas via 3,200 miles of distribution pipeline and 2,000 miles of gathering line.
    REGIONS:
  • Northeast

    • Date: 12/31/2021
    Type: Acquisition

    BUYERS:
  • Southwest Gas Holdings
    • SELLERS:
  • Dominion Energy Inc.
  • Questar Pipeline Company
    • DETAILS:

    COST: 1.975 $B

    NOTES:
    Dominion Energy officially signed an agreement with Southwest Gas Holdings to divest the Questar Pipelines unit for $1.975 billion, including $430 million in debt. Closing is targeted for 4Q21.
    REGIONS:
  • Rockies

    • Date: 11/2/2020
    Type: Acquisition

    BUYERS:
  • Berkshire Hathaway Energy Company
    • SELLERS:
  • Dominion Energy Inc.
    • ASSETS:
  • Eastern Gas Transmission and Storage, Inc.
  • Dominion Carolina Gas Transmission
  • Iroquois Gas Transmission
  • Cove Point Import Terminal
  • Dominion Cove Point LNG, LP
    • DETAILS:

    COST: 9.7 $B

    NOTES:
    Berkshire Hathaway Energy has entered into a deal to acquire Dominion Energy's natural gas transmission and storage business in a $9.7 billion all-cash deal. The deal includes 7,700-miles of transport line, 900 Bcf n operated working storage capacity and a stake in Cove Point LNG. Approval and closing is expected in the fourth quarter of 2020
    REGIONS:
  • Northeast
  • Southeast
  • Lower 48

    • Date: 6/30/2020
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Southern Company
  • Pivotal LNG
    • DETAILS:
    REGIONS:
  • Southeast

    • Date: 2/12/2020
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Southern Company
    • PROJECTS:
  • Atlantic Coast Pipeline
    • DETAILS:

    COST: 175 $MM

    NOTES:
    Southern Company has sold off its equity position in the Atlantic Coast Pipeline to Dominion for $175 million as project cost estimates top $8 billion. The project is now co-owned by Dominion (53%) and Duke Energy (47%.)
    REGIONS:
  • Appalachia

    • Date: 12/30/2019
    Type: Acquisition

    BUYERS:
  • Brookfield Asset Management
    • SELLERS:
  • Dominion Energy Inc.
    • ASSETS:
  • Dominion Cove Point LNG, LP
    • DETAILS:

    COST: 2 $B

    NOTES:
    Dominion Energy entered into an agreement with Brookfield to transfer a 25% non-controlling equity interest in Cove Point to Brookfield in exchange for just over $2 billion.

    Date: 9/26/2019
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Macquarie Green Investment Group
    • PROJECTS:
  • Greensville Solar Project
    • DETAILS:

    VOLUMES: 80 MW

    NOTES:
    Dominion has acquired both the 80 MW Greensville solar project from Macquarie's Green Investment Group in Virginia.

    Date: 9/26/2019
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Macquarie Green Investment Group
    • PROJECTS:
  • Myrtle Solar Project
    • DETAILS:

    VOLUMES: 15 MW

    NOTES:
    Dominion has acquired both the 15 MW Myrtle solar project from Macquarie's Green Investment Group in Virginia.

    Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • Starwood Energy Group
    • SELLERS:
  • Dominion Energy Inc.
    • ASSETS:
  • Fairless Energy Center
  • Manchester Street
    • DETAILS:

    COST: 1.23 $B

    VOLUMES: 1708 MW

    NOTES:
    Starwood Energy has entered into a deal with Dominion Energy to acquire the 1,240-MW Fairless Power Station in Pennsylvania and the 468-MW Manchester Street Power Station in Rhode Island for $1.23 Billion.
    REGIONS:
  • ISO-NE
  • PJM

    • Date: 12/31/2018
    Type: Merger

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • SCANA Corp
    • DETAILS:

    COST: 14.6 $B

    NOTES:
    Dominion Energy and SCANA Corporation announced an agreement to combine in an all-stock deal under which SCANA will receive 0.669 shares of Dominion stock for every SCANA share held. This values SCANA shares at $55.35 per share and the entire transaction, including debt, is valued at $14.6 billion. Closing is expected in 2018, pending approval.
    REGIONS:
  • Southeast
  • United States

    • Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • First Reserve
    • SELLERS:
  • Blue Racer Midstream, LLC
  • Dominion Energy Inc.
    • DETAILS:

    COST: 1.5 $B

    NOTES:
    First Reserve has entered into a deal to purchase Dominion Energy's 50% stake in Blue Racer Midstream for up to $1.5 billion, including $1.2 billion in cash and $300 million in earn-out payments from 2019-2021.
    REGIONS:
  • Marcellus Shale
  • Utica

    • Date: 8/14/2018
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Urban Grid
    • PROJECTS:
  • Colonial Trail West Solar Project
  • Spring Grove Solar I Project
    • DETAILS:

    VOLUMES: 240 MW

    NOTES:
    Urban Grid has entered into a deal to sell two Virgina solar projects to Dominion Energy. This included the 142 MWac Colonial Trail West Solar and the 98 MWac Spring Grove Solar I Projects in Surry County, Virginia.
    REGIONS:
  • Southeast

    • Date: 8/3/2017
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Strata Solar
    • ASSETS:
  • Fremont Solar Farm
  • Moorings 2 Solar Farm
    • DETAILS:
    REGIONS:
  • Northeast

    • Date: 6/30/2017
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Cypress Creek Renewables, LLC
    • PROJECTS:
  • Anson County Solar Farm
    • DETAILS:

    VOLUMES: 79 MW

    REGIONS:
  • Southeast

    • Date: 6/30/2017
    Type: Acquisition

    BUYERS:
  • Dominion Energy Inc.
    • SELLERS:
  • Hecate Energy
    • DETAILS:
    NOTES:
    Dominion Energy has acquired new 10 MW solar power facility located in Clarke County, Virginia from an affiliate of Hecate Energy, LLC.
    REGIONS:
  • Northeast

    • Date: 4/11/2017
    Type: Acquisition

    BUYERS:
  • Dominion Resources, Inc.
  • Dominion Energy Inc.
    • SELLERS:
  • Idemitsu Renewables
  • Solar Frontier
    • PROJECTS:
  • Midway II Solar Project
    • DETAILS:
    NOTES:
    Solar Frontier Americas, a subsidiary of Solar Frontier sold the 40 MW (DC) Midway II solar power project to Dominion Resources Inc.
    REGIONS:
  • West