Dominion Energy is a major regulated electric utility company serving millions of customers across Virginia, North Carolina, and South Carolina through generation, transmission, and distribution operations. The company earns roughly 95% of its profits from state-regulated utility businesses that recover operating costs and earn a regulated return on investment through rate schedules set by public utility commissions, supplemented by pass-through mechanisms for fuel, purchased power, and capital investments in renewable generation and grid infrastructure. Dominion Energy also operates a smaller nonregulated segment comprising a nuclear facility and renewable generation fleet that generate revenue through long-term power purchase agreements, and the company is investing heavily in offshore wind, solar, battery storage, and grid modernization to support growing customer demand and transition to cleaner energy.
| USD millions | FY2025 |
|---|---|
| Revenue | 16,506 |
| Net Income | 2,998 |