Summary
Dominion Energy, Inc. (D) has filed an 8-K report detailing a significant development regarding its Coastal Virginia Offshore Wind (CVOW) project. A U.S. District Court has granted a preliminary injunction, allowing Virginia Electric and Power Company (Virginia Power) to resume work on the CVOW project. This injunction is in response to a December 22, 2025, Director's Order from the U.S. Department of Interior's Bureau of Ocean Energy Management (BOEM) that had suspended project work for 90 days. This development is crucial for investors as it allows for the continuation of the CVOW project, which is a key component of Dominion Energy's future growth strategy. While the legal challenge against the BOEM's order proceeds, the preliminary injunction provides immediate relief, enabling Dominion Energy to maintain momentum on this significant renewable energy initiative. The company's subsidiary, Virginia Power, holds a 50% stake in OSW Project LLC, the entity directly impacted by the BOEM order and now benefiting from the court's injunction.
Key Highlights
- 1U.S. District Court grants preliminary injunction allowing work to resume on the Coastal Virginia Offshore Wind (CVOW) project.
- 2The injunction is a response to a December 22, 2025, Bureau of Ocean Energy Management (BOEM) order suspending project work for 90 days.
- 3Virginia Electric and Power Company (Virginia Power), a Dominion Energy subsidiary, received the injunction.
- 4Work on the CVOW project will continue while Virginia Power's lawsuit challenging the BOEM's action progresses.
- 5Virginia Power holds a 50% membership interest in OSW Project LLC, the entity directed to suspend activities.
- 6The press release regarding this development was issued on January 16, 2026, and is furnished as part of the filing.