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Dominion Energy remains on target to install between 70-100 monopile foundations by end of October Coastal Virginia Offshore Wind remains on budget and on schedule to complete construction in late 2026 RICHMOND, Va. , Aug. 12, 2024 /PRNewswire/ -- Dominion Energy announced today the 50th monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) was installed 33 miles off the coast of Virginia Beach, keeping the project on schedule to hit the company's target of 70-100 monopiles set into the sea floor during the first of two installation seasons that run through the end of October.

Dominion Energy is a key utility provider in Virginia, serving the power hungry data center market in Loudoun County. Data center power demand is rapidly increasing, with projections of doubling by 2030, posing challenges and opportunities for utility providers like D. We explore the catalysts behind increasing power demand and assess whether D can deliver on the opportunity.

Grants support human needs, environmental stewardship, education, and community vitality Funding is available to organizations in areas where Dominion Energy provides electricity or natural gas or has significant business interests Deadline to apply for the fall grant cycle is Sept. 12, 2024 at 5 p.m.

Fed Chair Jerome Powell hinted that a rate cut could arrive in September. Lower interest rates are likely to encourage bond investors to move back into dividend stocks.

Northern Virginia is the world's top data center market. AI could drive higher demand for power in the coming years.

While the top- and bottom-line numbers for Dominion Energy (D) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Dominion Energy's (D) second-quarter earnings are lower than estimates. Rising electricity demand from data centers is likely to drive the long-term growth of the company.

Dominion Energy would consider co-locating a data center at the Millstone Power Station in Waterford, Connecticut, CEO Robert Blue said. The nuclear plant provides more than 90% of Connecticut's carbon-free power.

Here's one thing most folks get wrong about dividend cuts: They can (and often do) set up terrific buying opportunities!

Dominion Energy (D) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.53 per share a year ago.