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Dominion Energy Inc D

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Morningstar’s Analysis

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Dominion Energy Begins Path to Comply With Virginia Clean Economy Act

Charles Fishman, CFA Equity Analyst

Analyst Note

| Charles Fishman, CFA |

We are increasing our fair value estimate to $81 per share from $80 as Dominion Energy begins to implement its long-term plan to comply with Virginia’s Clean Economy Act. The VCEA requires 100% of the state's electricity to come from renewable or carbon-free sources by 2045.

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Company Profile

Business Description

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with approximately 30 gigawatts of electric generation capacity and more than 93,000 miles of electric transmission and distribution lines. In 2019, Dominion completed a liquefied natural gas export facility in Maryland and is now beginning a 5.2 GW wind farm 27 miles off the Virginia Beach coast. The wind farm would be the largest in the U.S.

Contact
120 Tredegar Street
Richmond, VA, 23219
T +1 804 819-2000
Sector Utilities
Industry Utilities - Diversified
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 19,100

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