DOMINION ENERGY, INC
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 1, 2025
D$68.24-0.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary of Terms
The following abbreviations or acronyms used in this Form 10-Q are defined below:
| Abbreviation or Acronym | Definition |
|---|---|
| 2017 Tax Reform Act | An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018 (previously known as The Tax Cuts and Jobs Act) enacted on December 22, 2017 |
| 2023 Biennial Review | Virginia Commission review of Virginia Power’s earned return on base rate generation and distribution services for the two successive 12-month test periods beginning January 1, 2021 and ending December 31, 2022 and prospective rate base setting for the succeeding annual periods beginning January 1, 2024 and ending December 31, 2025 |
| 2025 Biennial Review | Virginia Commission review of Virginia Power’s earned return on base rate generation and distribution services for the two successive 12-month test periods beginning January 1, 2023 and ending December 31, 2024 and prospective rate base setting for the succeeding annual periods beginning January 1, 2026 and ending December 31, 2027 |
| 2027 Biennial Review | Virginia Commission review of Virginia Power’s earned return on base rate generation and distribution services for the two successive 12-month test periods beginning January 1, 2025 and ending December 31, 2026 and prospective rate base setting for the succeeding annual periods beginning January 1, 2028 and ending December 31, 2029 |
| AFUDC | Allowance for funds used during construction |
| AOCI | Accumulated other comprehensive income (loss) |
| ARO | Asset retirement obligation |
| Atlantic Coast Pipeline | Atlantic Coast Pipeline, LLC, a limited liability company owned by Dominion Energy and Duke Energy |
| Atlantic Coast Pipeline Project | A previously proposed approximately 600-mile natural gas pipeline running from West Virginia through Virginia to North Carolina which would have been owned by Dominion Energy and Duke Energy |
| bcf | Billion cubic feet |
| Birdseye | Birdseye Renewable Energy, LLC |
| BOEM | Bureau of Ocean Energy Management |
| Brunswick County | A 1,376 MW combined-cycle, natural gas-fired power station in Brunswick County, Virginia |
| CAA | Clean Air Act |
| CCR | Coal combustion residual |
| CEO | Chief Executive Officer |
| CERCLA | Comprehensive Environmental Response, Compensation and Liability Act of 1980, also known as Superfund |
| CFO | Chief Financial Officer |
| Chesterfield Energy Reliability Center | A proposed 944 MW simple-cycle, natural gas-fired power station in Chesterfield County, Virginia |
| CO2 | Carbon dioxide |
| CODM | Chief Operating Decision Maker |
| Companies | Dominion Energy and Virginia Power, collectively |
| Contracted Energy | Contracted Energy operating segment |
| Cooling degree days | Units measuring the extent to which the average daily temperature is greater than 65 degrees Fahrenheit, or 75 degrees Fahrenheit in DESC’s service territory, calculated as the difference between 65 or 75 degrees, as applicable, and the average temperature for that day |
| Cove Point | Cove Point LNG, LP (formerly known as Dominion Energy Cove Point LNG, LP) |
| CPCN | Certificate of Public Convenience and Necessity |
| CVOW Commercial Project | A proposed 2.6 GW wind generation facility 27 miles off the coast of Virginia Beach, Virginia in federal waters adjacent to the CVOW Pilot Project and associated interconnection facilities in and around Virginia Beach, Virginia |
| CVOW Pilot Project | A 12 MW wind generation facility 27 miles off the coast of Virginia Beach, Virginia in federal waters |
| CWA | Clean Water Act |
| DES | Dominion Energy Services, Inc. |
| DESC | The legal entity, Dominion Energy South Carolina, Inc., one or more of its consolidated entities or operating segment, or the entirety of Dominion Energy South Carolina, Inc. and its consolidated entities |
| DGI | Dominion Generation, Inc. |
|---|---|
| Dominion Energy | The legal entity, Dominion Energy, Inc., one or more of its consolidated subsidiaries (other than Virginia Power) or operating segments, or the entirety of Dominion Energy, Inc. and its consolidated subsidiaries |
| Dominion Energy Direct® | A dividend reinvestment and open enrollment direct stock purchase plan |
| Dominion Energy South Carolina | Dominion Energy South Carolina operating segment |
| Dominion Energy Virginia | Dominion Energy Virginia operating segment |
| Dominion Privatization | Dominion Utility Privatization, LLC, a joint venture between Dominion Energy and Patriot |
| DSM | Demand-side management |
| Dth | Dekatherm |
| Duke Energy | The legal entity, Duke Energy Corporation, one or more of its consolidated subsidiaries, or the entirety of Duke Energy Corporation and its consolidated subsidiaries |
| Eagle Solar | Eagle Solar, LLC, a wholly-owned subsidiary of DGI |
| East Ohio | The East Ohio Gas Company (a subsidiary of Enbridge effective March 2024) |
| East Ohio Transaction | The sale by Dominion Energy to Enbridge of all issued and outstanding capital stock in Dominion Energy Questar Corporation and its consolidated subsidiaries, which following a reorganization included East Ohio and Dominion Energy Gas Distribution, LLC, pursuant to a purchase and sale agreement entered into on September 5, 2023, which was completed on March 6, 2024 |
| Enbridge | The legal entity, Enbridge Inc., one or more of its consolidated subsidiaries (including Enbridge Elephant Holdings, LLC, Enbridge Parrot Holdings, LLC and Enbridge Quail Holdings, LLC), or the entirety of Enbridge Inc. and its consolidated subsidiaries |
| EPA | U.S. Environmental Protection Agency |
| EPS | Earnings per common share |
| FERC | Federal Energy Regulatory Commission |
| FTRs | Financial transmission rights |
| GAAP | U.S. generally accepted accounting principles |
| GENCO | South Carolina Generating Company, Inc. |
| GHG | Greenhouse gas |
| Greensville County | A 1,605 MW combined-cycle, natural gas-fired power station in Greensville County, Virginia |
| GTSA | Virginia Grid Transformation and Security Act of 2018 |
| GW | Gigawatt |
| Heating degree days | Units measuring the extent to which the average daily temperature is less than 65 degrees Fahrenheit, or 60 degrees Fahrenheit in DESC’s service territory, calculated as the difference between 65 or 60 degrees, as applicable, and the average temperature for that day |
| IRA | An Act to Provide for Reconciliation Pursuant to Title II of Senate Concurrent Resolution 14 of the 117th Congress (also known as the Inflation Reduction Act of 2022) enacted on August 16, 2022 |
| ISO | Independent system operator |
| kV | Kilovolt |
| LNG | Liquefied natural gas |
| MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| MGD | Million gallons per day |
| Millstone | Millstone nuclear power station |
| Moody’s | Moody’s Investors Service |
| MW | Megawatt |
| MWh | Megawatt hour |
| Natural Gas Rate Stabilization Act | Legislation effective February 2005 designed to improve and maintain natural gas service infrastructure to meet the needs of customers in South Carolina |
| NAV | Net asset value |
| NND Project | V.C. Summer Units 2 and 3 nuclear development project under which DESC and Santee Cooper undertook to construct two Westinghouse AP1000 Advanced Passive Safety nuclear units in Jenkinsville, South Carolina |
| North Anna | North Anna nuclear power station |
| NOX | Nitrogen oxide |
| NRC | U.S. Nuclear Regulatory Commission |
| OBBBA | An Act to Provide for Reconciliation Pursuant to Title II of House Concurrent Resolution 14 of the 119th Congress (also known as the One Big Beautiful Bill Act) enacted on July 4, 2025 |
| Order 1000 | Order issued by FERC adopting requirements for electric transmission planning, cost allocation and development |
|---|---|
| OSWP | OSW Project LLC, a limited liability company owned by Virginia Power and Stonepeak |
| ozone season | The period May 1st through September 30th, as determined on a federal level |
| Patriot | Patriot Utility Privatizations, LLC, a joint venture between Foundation Infrastructure Partners, LLC and John Hancock Life Insurance Company (U.S.A.) and affiliates |
| PJM | PJM Interconnection, LLC |
| PSD | Prevention of significant deterioration |
| PSNC | Public Service Company of North Carolina, Incorporated (a subsidiary of Enbridge effective September 2024) |
| PSNC Transaction | The sale by Dominion Energy to Enbridge of all of its membership interests in Fall North Carolina Holdco LLC and its consolidated subsidiaries, which following a reorganization included PSNC, pursuant to a purchase and sale agreement entered into on September 5, 2023, which was completed on September 30, 2024 |
| Questar Gas | Questar Gas Company (a subsidiary of Enbridge effective May 2024) |
| Questar Gas Transaction | The sale by Dominion Energy to Enbridge of all of its membership interests in Fall West Holdco LLC and its consolidated subsidiaries, which following a reorganization included Questar Gas, Wexpro, Wexpro II Company, Wexpro Development Company, Dominion Energy Wexpro Services Company, Questar InfoComm Inc. and Dominion Gas Projects Company, LLC, pursuant to a purchase and sale agreement entered into on September 5, 2023, which was completed on May 31, 2024 |
| RGGI | Regional Greenhouse Gas Initiative |
| Rider BW | A rate adjustment clause associated with the recovery of costs related to Brunswick County |
| Rider CCR | A rate adjustment clause associated with the recovery of costs related to the removal of CCR at certain power stations |
| Rider CE | A rate adjustment clause associated with the recovery of costs related to certain renewable generation, energy storage and related transmission facilities in Virginia, certain small-scale distributed generation projects and related transmission facilities and, beginning May 2024, power purchase agreements for the energy, capacity, ancillary services and renewable energy credits owned by third parties |
| Rider DIST | A rate adjustment clause associated with the recovery of costs previously being recovered under Riders GT and U |
| Rider GEN | A rate adjustment clause associated with recovery of costs previously being recovered under Riders BW, GV, four other riders associated with generation facilities and the Virginia LNG Storage Facility |
| Rider GT | A rate adjustment clause associated with the recovery of costs associated with electric distribution grid transformation projects that the Virginia Commission has approved as authorized by the GTSA |
| Rider GV | A rate adjustment clause associated with the recovery of costs related to Greensville County |
| Rider SNA | A rate adjustment clause associated with costs relating to the preparation of the applications for subsequent license renewal to the NRC to extend the operating licenses of Surry and North Anna and related projects |
| Rider T1 | A rate adjustment clause to recover the difference between revenues produced from transmission rates included in base rates, and the new total revenue requirement developed annually for the rate years effective September 1 |
| Rider U | A rate adjustment clause associated with the recovery of costs of new underground distribution facilities |
| ROE | Return on equity |
| RTO | Regional transmission organization |
| Santee Cooper | South Carolina Public Service Authority |
| SCANA | The legal entity, SCANA Corporation, one or more of its consolidated subsidiaries, or the entirety of SCANA Corporation and its consolidated subsidiaries |
| SCANA Combination | Dominion Energy’s acquisition of SCANA completed on January 1, 2019 pursuant to the terms of the agreement and plan of merger entered on January 2, 2018 between Dominion Energy and SCANA |
| SCANA Merger Approval Order | Final order issued by the South Carolina Commission on December 21, 2018 setting forth its approval of the SCANA Combination |
| SCESA | The South Carolina Energy Security Act of May 2025 |
| SEC | U.S. Securities and Exchange Commission |
| Series B Preferred Stock | Dominion Energy’s 4.65% Series B Fixed-Rate Cumulative Redeemable Perpetual Preferred Stock, without par value, with a liquidation preference of $1,000 per share |
|---|---|
| Series C Preferred Stock | Dominion Energy’s 4.35% Series C Fixed-Rate Cumulative Redeemable Perpetual Preferred Stock, without par value, with a liquidation preference of $1,000 per share |
| South Carolina Commission | Public Service Commission of South Carolina |
| Standard & Poor’s | Standard & Poor’s Ratings Services, a division of S&P Global Inc. |
| Stonepeak | The legal entity Stonepeak Partners, LLC, one or more of its affiliated investment vehicles (including Dunedin Member LLC) or the entirety of Stonepeak Partners, LLC and its affiliated investment vehicles |
| Summer | V.C. Summer nuclear power station |
| Surry | Surry nuclear power station |
| VCEA | Virginia Clean Economy Act of March 2020 |
| VEBA | Voluntary Employees’ Beneficiary Association |
| VIE | Variable interest entity |
| Virginia Commission | Virginia State Corporation Commission |
| Virginia LNG Storage Facility | A proposed LNG storage facility in Brunswick and Greensville Counties, Virginia |
| Virginia Power | The legal entity, Virginia Electric and Power Company, one or more of its consolidated subsidiaries or operating segment, or the entirety of Virginia Electric and Power Company and its consolidated subsidiaries |
| VPFS | Virginia Power Fuel Securitization, LLC |
| Wexpro | The legal entity, Wexpro Company, one or more of its consolidated subsidiaries, or the entirety of Wexpro Company and its consolidated subsidiaries (a subsidiary of Enbridge effective May 2024) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.