Robert Blue on project cost
From $D Dominion Energy Q1 2026 Earnings Conference Call · · EARNMOAR
“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 is approximately 100 million lower than our last update.”
On , Robert Blue, President, Chief Executive Officer & Chairman of the Board at Dominion Energy, Inc, spoke about project cost during $D Dominion Energy Q1 2026 Earnings Conference Call on EARNMOAR.
About Robert Blue
During Dominion Energy’s first quarter 2026 earnings call on May 1, 2026, Robert Blue discussed the company’s continued strong demand for new data centers in Virginia, stating that interest had not waned in recent months and that commitments had been added at all stages of contracting since December. He noted incremental opportunities to deploy regulated capital, supported by recently signed Virginia legislation requiring the company to petition for 20 gigawatts of grid-scale energy storage projects by 2045, up from the current 3 gigawatts by 2035. Blue also addressed the Millstone nuclear facility, expressing satisfaction with Governor Lamont’s comments on the value of the existing power purchase agreement and indicating the company would evaluate options for recontracting. Blue provided updates on the Coastal Virginia Offshore Wind project, estimating that each additional quarter of turbine installation beyond July 2027 would add between $150 million and $200 million to project costs, with a portion allocated to the financing partner. He reiterated the company’s guiding principles for any project structure: addressing first-of-a-kind risk, managing cost overrun risk to protect customers and shareholders, and safeguarding the balance sheet and business risk profile.