Virginia Power has proposed a base rate increase of $822 million effective January 2026 with an incremental base rate increase of $345 million effective January 2027. This indicates a strategic move to secure necessary investments in assets and operating resources, reflecting a focus on reliable service and a growing customer base.

The company is actively pursuing renewable generation projects, as evidenced by the petition for CPCNs to construct or acquire two utility-scale projects totaling approximately 208 MW of solar generation. This aligns with the company's commitment to meet renewable generation development targets under the VCEA.

Virginia Power requested approval from the Virginia Commission to issue and sell to Dominion Energy up to $3.5 billion of authorized but unissued shares of its common stock. This move aims to maintain adequate credit metrics and efficient access to capital markets while funding necessary capital expenditures.

The company completed the sales of East Ohio, PSNC, and Questar Gas, streamlining operations and focusing on core businesses. These transactions are key to Dominion's strategic shift and capital allocation plans.

Virginia Power's earnings test analysis demonstrated a combined ROE of 7.77% on its generation and distribution services, showcasing operational efficiency and adherence to regulatory standards. This indicates effective management in maintaining profitability while complying with regulations.

Dominion Energy amended its joint revolving credit facility to increase the facility limit from $6.0 billion to $7.0 billion, increase the letters of credit support from $2.0 billion to $3.0 billion, and extend the maturity date from June 2026 to April 2030. This proactive financial management enhances liquidity and financial flexibility.

The CVOW Commercial Project's total project cost is estimated to increase due to tariffs, with potential for further increases depending on tariff requirements and rates. This poses a risk to project profitability and requires careful cost management.

The company's operations are subject to extensive federal, state, and local environmental laws and regulations. Changes to these laws, including those related to climate change, the tightening of emission or discharge limits, more extensive permitting requirements, and the regulation of additional substances, could increase capital, operating, and other costs.

Unusual weather conditions and natural disasters, including hurricanes, high winds, severe storms, earthquakes, flooding, wildfires, climate changes, and changes in water temperatures and availability, can cause outages and property damage to facilities.

The company acknowledges potential competition from the development and deployment of alternative energy sources, such as self-generation and distributed generation technologies, and availability of market alternatives to large commercial and industrial customers.

The company acknowledges competition in the development, construction, and ownership of certain electric transmission facilities in the Companies' service territory in connection with Order 1000.

The company acknowledges competition with other companies in industries in which the Companies operate, including in electric markets in which Dominion Energy's nonregulated generation facilities operate.

Virginia Power is implementing cost-saving measures, as evidenced by the decrease in depreciation and amortization expenses. This indicates efforts to optimize asset utilization and reduce operational overhead.

Dominion Energy is focused on managing fuel costs, as evidenced by the company indicating that electric fuel and other energy-related purchases remained substantially consistent as the increase in the use of purchased renewable energy credits was substantially offset by lower commodity costs for electric utilities.

Dominion Energy focused on managing workforce, as evidenced by the company indicating that other operations and maintenance expenses increased 5%, primarily due to an increase in charges associated with severe weather events including storm damage and restoration costs and an increase in salaries, wages and benefits and administrative costs.

Dominion Energy is investing in renewable energy projects, as evidenced by the petition for CPCNs to construct or acquire and operate two utility-scale projects totaling approximately 208 MW of solar generation as part of its efforts to meet the renewable generation development targets under the VCEA.

Dominion Energy is focused on advanced technology, as evidenced by the company acknowledging that the technological and economic feasibility of large-scale battery storage, carbon capture and storage, small modular reactors, hydrogen and/or other clean energy technologies is important.

Dominion Energy is focused on smart grid technologies, as evidenced by the company acknowledging that changes in technology, particularly with respect to new, developing or alternative sources of generation and smart grid technologies is important.

Dominion Energy allocates capital to renewable energy projects, as evidenced by the petition for CPCNs to construct or acquire and operate two utility-scale projects totaling approximately 208 MW of solar generation as part of its efforts to meet the renewable generation development targets under the VCEA.

Dominion Energy allocates capital to CVOW Commercial Project, as evidenced by the company indicating that Virginia Power commenced major onshore construction activities for the CVOW Commercial Project in November 2023 following the receipt of a record of decision from BOEM in October 2023 for construction.

Dominion Energy is repurchasing shares, as evidenced by the company indicating that Dominion Energy did not repurchase any shares of common stock during the three months ended March 31, 2025, except for shares tendered by employees to satisfy tax withholding obligations on vested restricted stock, which do not count against its stock repurchase authorization.

Dominion Energy commits to reducing carbon emissions, as evidenced by the company investing in renewable energy projects.

Dominion Energy focuses on safety, as evidenced by the company acknowledging the importance of the impact of operational hazards, including adverse developments with respect to plant safety or integrity.

Dominion Energy focuses on environmental protection, as evidenced by the company acknowledging that they are subject to costs resulting from a number of federal, state and local laws and regulations designed to protect human health and the environment.

Dominion Energy faces market risks, as evidenced by the company acknowledging that they are exposed to potential losses due to adverse changes in commodity prices, interest rates, foreign currency exchange rates and equity securities prices.

Dominion Energy faces political and economic conditions, as evidenced by the company acknowledging that political and economic conditions, including tariffs, inflation and deflation is important.

Dominion Energy faces regulatory risks, as evidenced by the company acknowledging that changes in or interpretations of federal and state tax laws and regulations, including those related to tax credits or other incentives is important.