D 10-K Annual Reports
DOMINION ENERGY, INC - 30 annual reports
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2024
Feb 27, 2025Dominion Energy, Inc. (D) reported its 2024 fiscal year results, highlighting strategic progress and ongoing investments in clean energy infrastructure. The company has continued its divestiture of non-core gas distribution assets, with the sale to Enbridge progressing as planned throughout 2024. This strategic shift focuses Dominion Energy on its core regulated electric utility operations in Virginia, North Carolina, and South Carolina, which are expected to contribute approximately 90% of earnings. Significant capital expenditure is planned through 2029, totaling around $50 billion, to support grid modernization, renewable generation development (including the significant Coastal Virginia Offshore Wind - CVOW Commercial Project), and transmission/distribution resiliency. The company also received license extensions for its nuclear power stations in Virginia and plans to seek extensions for Millstone. Financially, Dominion Energy's net income attributable to the company saw an increase, primarily driven by the absence of certain charges and impairments from prior periods, alongside an increase in net investment earnings on nuclear decommissioning trust funds. Revenue remained stable, with increases from higher rider equity returns and favorable weather patterns partially offset by lower market-related impacts on Millstone and changes related to commodity costs. The company also repurchased a portion of its common stock in 2024, demonstrating a commitment to shareholder returns while managing its capital structure. Looking ahead, Dominion Energy anticipates growth in its earnings per share for 2025, supported by the absence of certain charges and continued investment in growth projects.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2023
Feb 23, 2024Dominion Energy, Inc. (D) reported solid financial performance for the year ended December 31, 2023, with net income attributable to Dominion Energy increasing by 51% to $1.99 billion, or $2.29 per diluted share. This improvement was largely driven by the absence of significant charges incurred in the prior year, including an impairment of nonregulated solar generation facilities and a loss from the sale of Kewaunee. The company also benefited from increased net investment earnings on nuclear decommissioning trust funds and a gain from the sale of its remaining noncontrolling interest in Cove Point. Strategically, Dominion Energy is continuing its comprehensive business review, with the sale of its regulated gas distribution operations to Enbridge and the sale of its noncontrolling interest in Cove Point being significant steps. The company's capital expenditure plan for 2024 focuses on upgrading its electric system in Virginia, with substantial investments planned for renewable generation, including the Coastal Virginia Offshore Wind (CVOW) Commercial Project, and grid modernization. Approximately 90% of the company's earnings are expected to come from state-regulated, primarily electric utility businesses, indicating a strong focus on its core regulated operations while transitioning to a cleaner energy future.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2022
Feb 21, 2023Dominion Energy, Inc.'s (D) 2022 10-K filing reveals a company focused on its regulated utility businesses, aiming for sustainable and reliable energy delivery while pursuing net-zero emissions by 2050. The company's strategy prioritizes investments in upgrading its electric and natural gas infrastructure, with approximately 90% of its expected earnings derived from state-regulated utilities. Significant capital expenditure plans are in place for 2022-2026, focusing on renewable generation, particularly solar and offshore wind projects in Virginia, alongside gas distribution infrastructure upgrades. Financially, the company experienced a significant decrease in net income attributable to Dominion Energy in 2022, largely due to a substantial impairment charge related to nonregulated solar generation facilities and other charges. Despite these headwinds, the company maintains a substantial credit facility and has outlined plans for future capital expenditures aimed at modernization and decarbonization efforts, signaling a continued commitment to long-term growth and sustainability within its core regulated operations.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2021
Feb 24, 2022Dominion Energy, Inc. (D) reported solid financial performance for the fiscal year ending December 30, 2021, with a net income attributable to Dominion Energy of $3.29 billion, a significant increase from a net loss of $401 million in the prior year. This turnaround was largely driven by the absence of substantial charges related to discontinued operations, early retirements of generation facilities, and asset impairments, coupled with increased net investment gains on nuclear decommissioning trust funds. The company continues its strategic focus on expanding and improving its regulated electric and natural gas utility businesses while transitioning towards a cleaner energy future. Significant capital expenditure plans are in place for infrastructure upgrades, renewable generation facilities (solar and offshore wind), and modernization of gas distribution networks. Approximately 90% of expected earnings are projected to come from state-regulated electric and natural gas utility businesses, underscoring a commitment to stable, regulated earnings. Investors should note the company's ongoing investments in renewable energy and its commitment to achieving net-zero carbon and methane emissions by 2050.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2020
Feb 25, 2021Dominion Energy's 2020 Form 10-K details a year of significant strategic shifts and operational adjustments. The company continued its transition towards a cleaner energy future, emphasizing regulated utility businesses and investments in renewable generation like solar and offshore wind. Key events included the partial sale of its gas transmission and storage operations and progress on its renewable energy goals. The financial performance in 2020 was impacted by significant charges, including those related to planned early retirements of generation facilities and impairments of non-regulated solar assets. Despite these charges, the company's core regulated businesses demonstrated resilience. Dominion Energy is strategically positioning itself for long-term growth by focusing on infrastructure upgrades and renewable energy development, while managing regulatory approvals and capital expenditures to support its transition.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2019
Feb 28, 2020Dominion Energy, Inc. reported a net income of $1.36 billion for the year ended December 31, 2019, a decrease from $2.45 billion in 2018. This decline was primarily attributed to significant charges related to the SCANA acquisition, including customer refunds for the NND Project, litigation costs, and voluntary retirement programs. Excluding these one-time items, the company's adjusted earnings would show a more stable performance, reflecting the integration of SCANA's operations and ongoing capital investments. The company continues to execute its growth capital plan, focusing on modernizing its electric and gas infrastructure and transitioning towards cleaner energy sources. Key investments are directed towards renewable generation facilities, including solar and offshore wind projects, as well as pipeline infrastructure to support natural gas demand. Approximately 95% of the company's earnings are expected to derive from regulated and long-term contracted businesses, providing a degree of earnings stability and predictability for investors.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2018
Feb 28, 2019Dominion Energy, Inc. (D) reported its 2018 fiscal year results, marked by a significant strategic move with the completion of the SCANA merger in January 2019, valued at $13.4 billion. This combination significantly expands Dominion's operational footprint, serving approximately 7.5 million customers across its expanded service territories. The company continues its strategic focus on regulated and long-term contracted businesses, anticipating approximately 95% of its earnings to stem from these more stable segments. Key capital investment plans for 2019-2023 highlight a commitment to modernizing its electric grid through renewable energy investments, strategic undergrounding, and smart grid technologies, alongside necessary infrastructure upgrades for its natural gas operations. Financially, the company generated significant operating revenue and net income in 2018, though net income saw a decrease compared to 2017 primarily due to the absence of tax benefits from deferred income taxes related to the 2017 Tax Reform Act and impairment charges. The company also reported substantial progress on its debt management and refinancing activities throughout the year. The integration of SCANA presents both opportunities for growth and potential integration challenges, which management is actively addressing.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2017
Feb 27, 2018Dominion Energy, Inc. (D) filed its 2017 10-K report on February 26, 2018, detailing its financial performance and operational highlights. The company, a significant energy producer and transporter, primarily operates within regulated electric generation, transmission, distribution, and natural gas infrastructure segments, with approximately 90% of its earnings expected to come from these regulated and long-term contracted businesses. Dominion Energy's strategy centers on expanding investments in these core areas, driven by demand growth, environmental requirements, and infrastructure upgrades. The company's business is broadly categorized into three main operating segments: Power Delivery, Power Generation, and Gas Infrastructure. In 2017, Dominion Energy reported strong growth in net income attributable to the company, largely due to benefits from the 2017 Tax Reform Act and the inclusion of Dominion Energy Questar operations for the full year. The company highlighted its commitment to cleaner generation, including expanding its renewable energy portfolio and pursuing extensions for its nuclear units, while also undertaking significant capital expenditures to modernize its infrastructure.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2016
Feb 28, 2017Dominion Energy, Inc. (D) filed its 2016 Form 10-K on February 27, 2017, detailing a year marked by significant strategic moves and operational performance. The company successfully completed the acquisition of Dominion Questar for $4.4 billion, expanding its integrated natural gas operations in the Rockies region. This strategic move, along with continued investments in regulated electric generation, transmission, and distribution, and natural gas infrastructure, aligns with Dominion's strategy to derive a substantial portion of its earnings from regulated and long-term contracted businesses. The company reported a net income attributable to Dominion of $2.123 billion for 2016, an increase from $1.899 billion in 2015, driven by higher renewable energy investment tax credits and benefits from the new PJM capacity performance market. However, results were tempered by decreased gains from shale development rights conveyances and charges related to future ash pond and landfill closure costs. Dominion's outlook for 2017 anticipates net income per share to remain substantially consistent with 2016, with growth expected in 2018 as the Cove Point Liquefaction Project becomes fully operational.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2015
Feb 26, 2016Dominion Energy, Inc. (D) filed its 10-K for the fiscal year ending December 31, 2015, highlighting a strategic shift towards regulated and long-term contracted businesses, with 80-90% of earnings expected from these segments. The company is actively investing in expanding its regulated electric generation, transmission, and distribution, as well as regulated natural gas infrastructure. Significant capital investments are planned through 2020 to meet demand growth, upgrade networks, and comply with environmental regulations. Financially, Dominion reported an increase in net income attributable to Dominion of 45% to $1.9 billion in 2015, primarily due to the absence of charges incurred in the prior year related to legislation, restructuring, and liability management exercises. The company continues to manage its capital structure, with a focus on maintaining access to capital markets and a stable credit profile. Dominion also announced a proposed acquisition of Questar in February 2016, which is expected to close by the end of 2016, pending regulatory and shareholder approvals.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2014
Feb 27, 2015Dominion Energy, Inc. (D) filed its 2014 Form 10-K on February 26, 2015. The report details the company's financial performance and strategic direction for the year ended December 31, 2014. Dominion continues its strategy to focus on regulated electric and natural gas infrastructure, expecting 80-90% of future earnings to come from these stable, contracted businesses. Significant capital investments are planned for grid modernization, natural gas infrastructure expansion (including the Atlantic Coast Pipeline), and meeting environmental requirements. The company also completed the sale of its electric retail energy marketing business in March 2014. Financially, Dominion reported a decrease in net income attributable to the company in 2014 compared to 2013, primarily due to charges related to Virginia legislation for new nuclear and offshore wind projects, restructuring costs, and a liability management exercise. Despite these charges, the company maintained its focus on growth projects and operational efficiency. The company's financial health appears stable, with sufficient liquidity and unused capacity under its credit facilities. Dominion reiterated its commitment to growing its dividend.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2013
Feb 28, 2014Dominion Energy, Inc. (Dominion) reported a significant increase in net income attributable to Dominion for the fiscal year ended December 31, 2013, driven primarily by the absence of substantial impairment charges and losses from discontinued operations that impacted the prior year. The company continues to strategically shift its earnings mix towards regulated and long-term contracted businesses, with a target of 80-90% of future earnings from these segments. Dominion Generation's performance was stable, while Dominion Energy saw growth, particularly in regulated natural gas transmission and distribution. The DVP segment also showed growth, supported by increased electric sales and rate adjustments. Financially, Dominion demonstrated a strong liquidity position, with ample unused capacity under its credit facilities. The company also affirmed its commitment to returning capital to shareholders by maintaining its dividend policy and increasing the annual dividend rate for 2014. Capital expenditures remain focused on regulated infrastructure growth in both electric and gas segments, including significant investments in new generation capacity and pipeline upgrades. The company is also advancing its Cove Point LNG export project, subject to regulatory approvals. Risks highlighted in the filing include the impact of weather on energy sales and prices, complex government regulations, potential changes in wholesale market designs by FERC, and the execution risks associated with large construction projects. Environmental compliance costs and potential regulations related to climate change also pose ongoing considerations. The company also noted its dependence on third-party natural gas producers for its gathering and processing operations.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2012
Feb 28, 2013Dominion Energy, Inc.'s 2012 10-K filing reveals a challenging year marked by a significant net income attributable to Dominion of $302 million, a substantial decrease from $1.408 billion in 2011. This decline was primarily driven by a $1.6 billion impairment charge related to the planned sale or decommissioning of merchant generation facilities like Brayton Point and Kincaid, and a $415 million impairment related to the decision to cease operations at the Kewaunee nuclear plant. The company is actively transitioning its business mix towards a greater emphasis on regulated operations, targeting 80-90% of its earnings from these segments. This strategy is supported by significant capital investments in regulated electric and natural gas infrastructure. While non-regulated segments, particularly merchant generation, faced headwinds including lower realized prices and a sustained decline in commodity prices, Dominion is taking steps to divest or retire underperforming assets. The regulated DVP and Dominion Energy segments showed more stability, with DVP benefiting from rate adjustments and Dominion Energy seeing growth from new transmission and distribution projects. Looking ahead to 2013, Dominion anticipates an increase in net income per share, driven by the absence of major impairment charges, a return to normal weather patterns, and continued growth from its regulated infrastructure projects. The company remains focused on delivering earnings per share growth, a growing dividend, and maintaining a stable credit profile.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2011
Feb 28, 2012Dominion Energy, Inc. (D) filed its 2011 10-K report on February 27, 2012, detailing its financial performance and operational highlights for the year ending December 31, 2011. The company reported a net income attributable to Dominion of $1.408 billion, a decrease from $2.808 billion in 2010, largely due to the absence of a significant gain from the sale of its Appalachian E&P operations in the prior year and lower margins from merchant generation. Despite the decrease in net income, the company highlighted progress in its regulated utility businesses, with investments in transmission and distribution infrastructure to meet growing electricity demand and upgrade its network. Dominion's strategy remains focused on expanding its regulated operations to reduce earnings sensitivity to commodity prices. For Virginia Power, net income was $822 million, a slight decrease from $852 million in 2010, impacted by less favorable weather and an impairment charge related to coal-fired power stations, partially offset by higher earnings from rate adjustment clauses. The company continues to invest in its 'Powering Virginia' program, which includes developing new generation capacity and converting coal-fired stations to biomass. Both entities are navigating a complex regulatory environment, with Virginia Power actively involved in biennial rate reviews and transmission cost recovery filings.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2010
Feb 28, 2011Dominion Energy, Inc.'s (D) 2010 10-K filing reveals a company focused on strengthening its regulated utility operations. The company reported significant income growth, driven by the sale of its Appalachian E&P operations and a substantial gain realized from this divestiture. This strategic move is part of Dominion's broader strategy to increase its earnings contribution from regulated operations, thereby reducing sensitivity to commodity price fluctuations. Dominion continues to prioritize investments in its regulated electric and natural gas infrastructure, with plans to invest over $10 billion in the next five years. These investments are aimed at meeting anticipated increases in electricity demand, supporting new natural gas production, and upgrading existing networks. The company is also considering up to an additional $2 billion investment in its electric generating fleet to address potential new environmental requirements, highlighting a commitment to adapting to evolving regulatory landscapes and maintaining operational resilience. The filing also details Dominion's robust liquidity position and access to capital markets, essential for funding its extensive capital expenditure program.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2009
Feb 26, 2010Dominion Energy, Inc. (D) reported a net income of $1.287 billion for the fiscal year ended December 31, 2009, a decrease from $1.834 billion in 2008. This decline was primarily attributed to a $455 million impairment charge related to its E&P properties due to lower gas and oil prices and a significant charge of $435 million related to a proposed settlement of Virginia Power's 2009 rate case proceedings. Despite these headwinds, the company saw some positive performance drivers, including improved margins in its merchant generation operations and a higher contribution from its gas transmission operations following the completion of the Cove Point expansion project. Dominion's strategy to focus on regulated businesses while maintaining upside in non-regulated segments aims to deliver earnings per share growth, a growing dividend, and stable credit ratings. The company anticipates stable growth in net income on a per share basis for 2010, benefiting from the absence of the prior year's charges and favorable operational factors. Significant capital expenditures are planned for 2010-2012, primarily focused on electric generation, natural gas transmission, and infrastructure improvements.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2008
Feb 26, 2009Dominion Energy, Inc.'s 2008 Form 10-K reveals a year of significant strategic shifts and operational performance. The company successfully navigated a challenging economic environment, reporting net income of $1.83 billion, a decrease from the previous year primarily due to the absence of a substantial gain from the sale of its non-Appalachian E&P operations in 2007. Despite this, Dominion Energy demonstrated resilience, with its regulated utility segments providing stable earnings and its merchant generation operations showing improved performance. The company also made progress on its long-term strategic goals, including investments in generation capacity and renewable energy projects. Key financial highlights for 2008 include operating revenue of $16.29 billion and diluted EPS of $3.16. Management focused on capital discipline, reducing planned capital expenditures and enhancing its liquidity position. The company continued to return value to shareholders through dividends, which were increased in late 2008, signaling confidence in its future financial strength. Looking ahead, Dominion Energy anticipates moderate growth driven by its regulated businesses and strategic initiatives, while remaining mindful of economic uncertainties and regulatory developments.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2007
Feb 28, 2008Dominion Energy, Inc. (D) is a major energy provider with a diversified portfolio of generation, transmission, and distribution assets primarily serving the eastern United States. In 2007, the company significantly reshaped its business by completing the sale of its non-Appalachian natural gas and oil exploration and production (E&P) operations for approximately $13.9 billion. This strategic divestiture allowed Dominion to focus on its core regulated utility and generation businesses. The company also completed several strategic acquisitions in prior years, including nuclear and fossil fuel power stations, and made significant investments in renewable energy projects. Financially, 2007 was a transformative year, marked by a substantial increase in net income driven by the E&P divestiture, alongside higher realized prices for energy production and improved margins in its merchant generation segment. The company also navigated regulatory changes in Virginia regarding electricity rate recovery and managed its operations through an evolving energy market. Dominion continues to invest in infrastructure upgrades and generation capacity to meet growing demand and regulatory requirements.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2006
Feb 28, 2007Dominion Energy, Inc. (D) reported a strong financial performance for the fiscal year ended December 31, 2006, marked by a significant increase in net income to $1.38 billion, up from $1.03 billion in the prior year. This growth was driven by higher natural gas and oil production, improved realized prices in its merchant generation business, and contributions from its nonregulated retail energy marketing operations. The company is strategically repositioning itself by announcing its intent to sell most of its oil and natural gas E&P operations, excluding those in the Appalachian Basin, to focus on its core electric utility and energy distribution, transmission, and storage businesses. This move is expected to reduce exposure to commodity price volatility and align the company more closely with its peer group of utilities. Significant developments in 2006 included acquisitions such as Pablo Energy, LLC and the Kewaunee nuclear power station, alongside the sale of gas and oil properties. The company also entered into agreements to sell two regulated gas distribution subsidiaries and three natural gas-fired merchant generation peaking facilities. These strategic transactions are aimed at refining the company's asset portfolio and strengthening its financial profile. The company also announced an increase in its quarterly dividend rate in early 2007, signaling confidence in its future cash flows.
DOMINION ENERGY, INC Annual Report (Amendment), Year Ended Dec 31, 2005
Mar 7, 2006Dominion Resources, Inc. (now Dominion Energy) filed an amendment to its 2005 10-K report primarily to correct minor typographical errors. The financial statements for the year ended December 31, 2005, show strong operating revenue growth to $18.04 billion, an increase from $13.99 billion in 2004. Net income for 2005 was $1.03 billion, a decrease from $1.25 billion in 2004, impacted by significant charges related to hurricane disruptions on derivative hedges and a loss from discontinued operations. The company's balance sheet shows total assets of $52.66 billion, with substantial investments in Property, Plant, and Equipment ($28.94 billion) and significant long-term debt of $14.65 billion. The company also reported strong operating cash flow of $2.62 billion in 2005. Key areas of focus for investors include the company's significant investments in infrastructure, its diverse energy portfolio (including regulated utilities and non-regulated generation), and its proactive risk management through derivative instruments. While revenues are growing, the company experienced increased expenses and net income decline in 2005, partly due to natural disasters impacting its hedging strategies and a large loss from discontinued telecommunications operations in prior years affecting comparability. Investors should note the company's substantial long-term debt obligations and its ongoing efforts to manage these and its operational risks.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2005
Mar 2, 2006Dominion Energy, Inc. (D) reported a net income of $1.033 billion, or $3.00 per diluted share, for the fiscal year ended December 31, 2005. This represents a decrease from the $1.249 billion net income reported in 2004. The company's results were significantly impacted by Hurricanes Katrina and Rita, which caused a $272 million after-tax loss related to hedge accounting. Higher fuel and purchased power expenses for its electric utility operations also negatively affected earnings. However, these were partially offset by higher realized gas and oil prices for its exploration and production segment, gains on emission allowance sales, and improved contributions from its merchant generation fleet due to acquisitions. The company's operational segments include Dominion Delivery, Dominion Energy, Dominion Generation, and Dominion Exploration & Production. Dominion Delivery, which handles regulated electric and gas distribution, saw a slight decrease in net income contribution. Dominion Energy's contribution significantly increased due to the exit from certain energy trading activities and higher contributions from market-based gas trading. Dominion Generation's net income contribution decreased, primarily due to fuel expenses exceeding rate recovery, while Dominion E&P experienced a decrease in net income contribution due to operational and maintenance expenses and lower production volumes following hurricane disruptions. The company anticipates moderate growth in net income per share for 2006, driven by continued customer growth and expected insurance proceeds.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2004
Feb 28, 2005Dominion Resources, Inc. (D) demonstrated a significant increase in financial performance in 2004 compared to 2003, with diluted earnings per share rising from $1.00 to $3.78. This improvement was driven by strong contributions from its primary operating segments, particularly Dominion Generation and Dominion Exploration & Production, alongside positive developments in regulated utility operations. The company's strategic focus on the 'MAIN to Maine' region and its integrated energy supply chain capabilities appear to be yielding positive results. Despite facing challenges such as the elimination of fuel deferral accounting in Virginia and the impact of Hurricane Ivan, Dominion managed to increase its operating revenue to $13.97 billion. The company also made strategic acquisitions, including three USGen power stations and the Kewaunee nuclear power plant, positioning it for future growth. Dominion's financial health is supported by robust operating cash flows and significant unused capacity under its credit facilities, allowing for continued investment in capital expenditures and dividend payments to shareholders.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2003
Mar 1, 2004Dominion Energy, Inc. (Dominion) reported a net income of $318 million, or $1.00 per diluted share, for the fiscal year ended December 31, 2003. This represents a significant decrease from the previous year's net income of $1,362 million ($4.82 per diluted share). The substantial decline in earnings was primarily driven by significant one-time charges reported in the 'Corporate and Other' segment, totaling $1.4 billion after-tax. These charges included losses from the discontinuation of the telecommunications business, incremental expenses related to Hurricane Isabel, asset impairments for financial services operations, and costs associated with restructuring power purchase agreements. Despite these extraordinary items, the core operating segments showed a combined increase in net income contribution of $95 million, driven by higher natural gas prices benefiting the Exploration & Production segment and improved trading margins in the Energy segment. Looking ahead, Dominion anticipates growth in net income per share for 2004 and 2005, supported by expected utility customer growth, reduced capacity expenses, improved generation operations, and the full-year impact of recent acquisitions and expansions, partially offset by increased operating expenses.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2002
Mar 20, 2003Dominion Energy, Inc. (D) reported solid financial performance for the fiscal year ended December 31, 2002, demonstrating resilience across its diverse operating segments. The company's integrated approach to gas and electric services, spanning generation, delivery, and exploration & production, positions it for continued growth. Strategic acquisitions, such as State Line and Cove Point, were completed, enhancing the company's asset base and operational capabilities. Investor focus should remain on Dominion's adaptation to industry deregulation, particularly in Virginia's electric market, and its management of regulatory frameworks governing its gas operations. The company's ability to navigate competitive landscapes, manage operational risks (including those related to its nuclear facilities), and maintain financial flexibility through its diverse funding sources will be key drivers of future performance. Shareholders should monitor ongoing developments in environmental compliance and potential impacts of evolving energy policies.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2001
Mar 11, 2002Dominion Energy, Inc. (D) presents its 2001 annual report, highlighting a period of significant strategic transformation driven by major acquisitions and a focus on integration into a fully integrated electric and natural gas utility. The acquisition of Consolidated Natural Gas Company (CNG) in January 2000 significantly expanded its operational footprint into the Midwest, Northeast, and Mid-Atlantic regions. In 2001, Dominion further bolstered its generation capabilities with the acquisition of the Millstone Power Station for $1.3 billion and significantly expanded its upstream natural gas and oil reserves through the $1.8 billion acquisition of Louis Dreyfus Natural Gas Corp. These moves underscore a strategy to diversify and strengthen its energy portfolio across the value chain. The company has also actively managed its portfolio through divestitures, including its financial services subsidiary (DCI) and international generation businesses, to comply with the Public Utility Holding Company Act of 1935 following the CNG acquisition. Dominion operates through three primary segments: Dominion Energy (generation, transmission, storage), Dominion Delivery (distribution, customer service, fiber optics), and Dominion Exploration & Production (E&P), demonstrating a comprehensive approach to the energy market. The report also details the evolving regulatory landscape, particularly concerning electric industry deregulation and its implications for competition and rates in key service territories like Virginia and North Carolina.
DOMINION ENERGY, INC Annual Report (Amendment), Year Ended Dec 31, 1997
Jun 10, 1998Dominion Energy, Inc.'s 1997 Annual Report, filed as an amendment on June 9, 1998, provides a snapshot of the company's financial position and operational highlights for the fiscal year ending December 30, 1997. This filing is crucial for investors seeking to understand the company's performance, strategic direction, and any significant events or disclosures that occurred during that period. While the provided text is a directory listing and not the full report content, it indicates a standard SEC filing process for Dominion Energy during that era.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 1997
Mar 20, 1998Dominion Energy, Inc.'s 10-K filing for the fiscal year ending December 30, 1997, presents a snapshot of the company's operational and financial status as of that period. The filing, submitted on March 19, 1998, details the company's business activities and financial performance. While specific financial figures and detailed segment performance are not provided in the excerpt, the filing serves as a crucial document for investors to understand the company's regulatory environment, operational scope, and any significant events or risks disclosed for the period. Investors reviewing this document should focus on any forward-looking statements, management's discussion and analysis of financial condition and results of operations, and the risk factors section for insights into the company's strategic direction and potential challenges. As a historical document, it provides context for Dominion Energy's evolution and its position within the energy sector at that time, which is essential for long-term investment analysis and understanding any subsequent corporate actions or performance trends.
DOMINION ENERGY, INC Annual Report (Amendment), Year Ended Dec 31, 1995
Jun 19, 1996Dominion Energy, Inc.'s (D) 1996 10-K filing, covering the period ending December 30, 1995, provides a snapshot of the company's financial health and operational status during that fiscal year. As an amended filing, it suggests potential updates or clarifications to previously submitted information. Investors should note that this filing originates from a period significantly prior to current market conditions and regulatory landscapes, and therefore, its direct applicability to present-day investment decisions is limited. Key aspects likely covered in the full report (but not detailed in the provided snippet) would typically include audited financial statements, management's discussion and analysis of financial condition and results of operations, and details on the company's business segments, which historically would have included significant electric utility operations. Understanding the company's performance, debt levels, and any strategic initiatives from 1995 would be crucial for historical context, especially when comparing with subsequent financial reports.
DOMINION ENERGY, INC Annual Report (Amendment), Year Ended Dec 31, 1994
Jun 2, 1995This filing represents an amendment to Dominion Energy, Inc.'s 10-K annual report for the period ending December 30, 1994. As an amendment, it indicates that the company is providing updated or corrected information to its previously filed annual report. Investors should note that this filing does not present entirely new financial data but rather supplements or modifies information already disclosed. Therefore, to fully understand Dominion Energy's financial position and performance for the 1994 fiscal year, it is crucial to review this amendment in conjunction with the original 10-K filing.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 1994
Mar 8, 1995Dominion Energy, Inc. (D) filed its 10-K annual report for the period ending December 30, 1994, on March 7, 1995. This filing provides a comprehensive overview of the company's financial performance, operational highlights, and strategic direction during the 1994 fiscal year. Investors can gain insights into the company's asset base, regulatory environment, and potential growth opportunities. While specific financial figures and detailed operational data are not immediately available from the provided text, the filing indicates a significant corporate entity likely involved in energy production and distribution. Investors should pay close attention to Dominion Energy's management discussion and analysis, risk factors, and financial statements to understand the company's profitability, cash flows, and debt levels. The regulatory landscape governing energy companies is also a critical factor to consider, as it can significantly impact operations and future investments.