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SMR development could play a pivotal role in an 'all-of-the-above' energy solution to meet robust electricity demand growth Agreement will explore innovative commercial and financing structures to advance a potential project Dominion Energy committed to the credit and risk profile objectives of the recently concluded business review RICHMOND, Va. , Oct. 16, 2024 /PRNewswire/ -- Dominion Energy Virginia and Amazon have entered into a Memorandum of Understanding (MOU) to explore innovative new development structures that would help advance potential Small Modular Reactor (SMR) nuclear development in Virginia.
Malcolm Ethridge, Capital Area Planning Group managing partner, joins 'Power Lunch' to discuss the market and data center stocks he's watching.
Dominion Energy offers a value-oriented investment with stable returns, leveraging its strong presence in North Virginia's data center hub to capitalize on AI-driven electricity demand. Despite underperforming the S&P 500 Utilities sector, Dominion's strategic focus on AI-related growth and asset sales enhances its financial stability and attractiveness to risk-averse investors. The company's ability to increase electricity rates due to AI demand and its consistent dividend payments contribute to predictable revenue growth and income stability.
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Dominion Energy, a regulated utility, is benefiting from surging power demand due to AI and industrial growth, driving a 30% stock price increase this year. Despite the rally, major research houses have downgraded utilities, citing that macro factors are priced in, potentially leading to a near-term correction. Dominion's $43 billion investment in grid expansion will support a 6% annual EPS growth; however, the dividend will not be increased.
Dominion Energy is set to gain from the company's investments to strengthen its infrastructure, while the timely completion of several development projects remains a concern.
Simplified bill design features smarter organization, usage details and easy ways to pay RICHMOND, Va. , Oct. 8, 2024 /PRNewswire/ -- Starting this week, Dominion Energy residential customers in Virginia and North Carolina will begin receiving simplified electric bills to improve their experience, provide more information to manage their energy use, and offer easy ways to pay their balance.
RICHMOND, Va. , Oct. 3, 2024 /PRNewswire/ -- Dominion Energy (NYSE: D) will host its third-quarter 2024 earnings call at 10 a.m.
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Dominion Energy's recent asset sales and debt reduction have improved its financial outlook, warranting an upgrade from 'hold' to a 'soft buy'. The company has significant infrastructure, including 29.5 gigawatts of electric capacity and extensive transmission and distribution networks. Management's guidance for 2024 suggests strong EBITDA and operating cash flow growth, positioning Dominion Energy as undervalued compared to peers.