01—Abstract
Summary
Summary of the 8-K filed June 25, 2025. Cited figures are marked; the original filing is the authoritative source.
Dominion Energy, Inc. (D) announced a change to its Board of Directors with the election of Mr. Jeffrey J.
Lyash as an independent director, effective June 25, 2025. Mr. Lyash brings extensive experience in the energy sector, having previously served as President and CEO of the Tennessee Valley Authority (TVA) and holding various senior leadership positions at other prominent energy companies, including Ontario Power Generation and Duke Energy. His background also includes service at the U.S. Nuclear Regulatory Commission.
Mr. Lyash's appointment to the Board also includes a position on the Safety, Technology, Nuclear and Operations Committee. As an independent director, he will be compensated according to the company's Non-Employees Directors Compensation Plan, receiving annual retainers in both cash and stock. This addition to the Board signifies a strategic move to leverage Mr. Lyash's significant operational and regulatory expertise, particularly in areas critical to Dominion Energy's business, such as nuclear operations and safety.
02—Key points
Key Highlights
- Dominion Energy appointed Jeffrey J. Lyash as an independent director to its Board of Directors, effective June 25, 2025.
- Mr. Lyash has been appointed as a member of the Board's Safety, Technology, Nuclear and Operations Committee.
- Mr. Lyash possesses extensive leadership experience in the energy sector, including his recent role as President and CEO of the Tennessee Valley Authority (TVA).
- His prior experience includes senior executive roles at Ontario Power Generation, CB&I Power, Duke Energy, and Progress Energy.
- Mr. Lyash's career began with the U.S. Nuclear Regulatory Commission (NRC) in senior technical and management positions.
- As an independent director, Mr. Lyash will receive an annual cash retainer of $117,500 and an annual stock retainer of $177,500.
- There are no undisclosed arrangements or related-party transactions concerning Mr. Lyash's appointment.
03—Questions
Frequently Asked Questions
Who is Jeffrey J. Lyash and what is his background?
Jeffrey J. Lyash is a new independent director elected to Dominion Energy's Board of Directors. He has a substantial career in the energy sector, most recently serving as President and CEO of the Tennessee Valley Authority (TVA) from April 2019 to April 2025. His prior experience includes executive roles at Ontario Power Generation, CB&I Power, Duke Energy, and Progress Energy, as well as early career positions at the U.S. Nuclear Regulatory Commission (NRC).
What is Mr. Lyash's role on the Board and committees?
Mr. Lyash has been elected as an independent director to the Board of Directors and has also been appointed as a member of the Safety, Technology, Nuclear and Operations Committee.
How will Mr. Lyash be compensated for his service?
Mr. Lyash will be compensated according to Dominion Energy's Non-Employees Directors Compensation Plan. He will receive an annual cash retainer of $117,500 and an annual stock retainer valued at $177,500. He may also receive a $2,000 excess meeting fee if he attends more than 25 meetings annually.
Are there any conflicts of interest or undisclosed relationships with Mr. Lyash?
According to the filing, there are no arrangements or understandings between Mr. Lyash and any other person regarding his selection, and he is not involved in any transactions requiring disclosure under Item 404(a) of Regulation S-K.
04—Continue