Dominion Energy Inc ($D) Q4 2024 Earnings Call
Welcome to the Dominion Energy fourth quarter 2024 earnings conference call at this time each of your lines is in a listenonlyΒ ...
President, Chief Executive Officer & Chairman of the Board, Dominion
Search every verified Robert Blue interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Robert Blue, chair, president, and chief executive officer of Dominion Energy, discussed the company's fourth-quarter 2024 earnings on February 1, 2025. He noted that the company had approximately 40 gigawatts in various stages of contracting as of December 2024, an increase of 19 gigawatts, or 88%, compared to July 2024. Blue also commented on a proposed energy project in Virginia, stating that stopping it "would be the most inflationary action that could be taken with respect to energy in Virginia" and that it "helps promote American energy dominance that's needed to power that growing data center market." During the call, Blue addressed questions about the Coastal Virginia Offshore Wind (CVAL) project, saying the company had tried to be "appropriately conservative" in its assumptions regarding cost recovery mechanisms. He clarified that a $7 billion increase in total capital did not include any spending related to the VC Summer nuclear project, as Dominion Energy is not participating in or interested in that project.
“We now have approximately 40 gigawatts in various stages of contracting as of December 2024, which compares to around 21 gigawatts as of July 2024, an increase of 19 gigawatt or 88%.”
“Stopping it would be the most inflationary action that could be taken with respect to energy in Virginia. It's homegrown. It helps promote American energy dominance that's needed to power that growing data center market we've been talking about.”
“We continue to see incremental opportunities to deploy regulated capital on behalf of customers, most recently supported by legislation in Virginia to expand grid-scale energy storage targets. House Bill 895 and Senate Bill 448, which are now signed into law, require that we petition for 20 gigawatts of short- and long...”
“We now have over 50 gigawatts of data center capacity in various stages of contracting, including approximately 10.4 gigawatts of capacity contracted under electric service agreements. Since our last update, we continue to see accelerating and durable demand from our differentiated, high-quality, low-risk data center c...”
“We're monitoring catalysts that could enhance and or extend our long-term growth rate. We continue to see incremental opportunities to deploy regulated capital on behalf of customers, most recently supported by legislation in Virginia to expand gridscale energy storage targets. House Bill 895 and Senate Bill 448, which...”
“The project is now over 75% complete and as Steven mentioned in March we achieved a very significant milestone with the delivery of muchneeded power to customers. We affirm our previously communicated timeline for project completion with the majority of turbines expected to be placed in service by the end of 2026 and t...”
“If the project extends beyond July 2027, we estimate that each additional quarter to complete turbine installation would add between 150 million and $200 million to the project cost, a portion of which would be allocated to our financing partner. As shown on slide 8, the project budget now stands at 11.4 billion, which...”
“We're going to continue to be guided on three principles that were resolute. The first is any structure has to address first of a kind risk. So if we're talking about SMRs, we need to address that. It's got to address cost overrun risk so that our customers and our shareholders are not bearing that burden. And we need...”
“We continue to see incredibly strong demand for new data centers in Virginia. You know, we noted in our prepared remarks, we've added commitments in all stages of contracting since December. That interest has not waned at all in recent months. So short answer is no detectable change.”
“We're showing the impact of country specific tariffs through project construction at the end of 2026. Please note that changes to tariff policy could impact these estimates.”
“I'm extremely disappointed that Coribbdus has again not met expectations. I recognize the importance of executing consistently against any commitment and we failed to deliver regarding Coribbdus.”
“We're developing resources across distribution, transmission, and generation to ensure we meet this critical need on a timely basis while also taking active steps to safeguard all of our customers from the risk of paying more than their fair share for reliable and affordable electric service.”
“If there are ways to work through that, that's the route that we entered into with Amazon. They've expressed some interest in helping finance an SMR at North 3. We continue to work our way through that.”
“We are affirming all financial guidance provided on our fourth quarter earnings call including 2025 operating earnings per share of $3.28 to $3.52 per share inclusive of RNG45Z income with a midpoint of $3.40.”
“We've sold approximately $1 billion of forward settled common equity under our existing ATM program at a weighted average price of approximately $57 and expect to complete $200 million of drip related equity issuance by year end.”
Welcome to the Dominion Energy fourth quarter 2024 earnings conference call at this time each of your lines is in a listenonlyΒ ...
05/01/2026 Q&A: 15:46 Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers iβ¦
10/31/2025 Q&A: 18:07 Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers iβ¦
β**Strategy**β β CEO Bob Blue emphasized CVOW progress, Virginia rate filing, and tariff mitigation. β**Outlook**β β ExpectsΒ ...
Dominion Energy CEO Robert Blue updated investors on Dominion's partnership with Amazon on small modular reactors (SMRs).
11/01/2024 Q&A: 23:40 Dominion Energy, Inc. produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southβ¦
Robert Blue, Dominion Energy CEO, joins 'Squawk on the Street' to discuss the company's recent deal with Amazon, if regulators understand the urgency of power demand, and much more.
Robert Blue, CEO of Dominion Energy, spoke with the Honorable Paul Dabbar at SCSP's inaugural AI+Energy Summit.
Robert Blue, Dominion Energy president and CEO, joins 'Squawk on the Street' to discuss whether Dominion Energy's ready to support the electricity demand, what data center demand will do for ratepayers, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/42d859g Β» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision Β» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Oβ¦
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