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Dominion closes sale of East Ohio Gas for $6.6B
Richmond-based Fortune 500 utility Dominion Energy closed on its sale of East Ohio Gas to Canadian pipeline and energy company Enbridge in a $6.6 billion deal, the utility announced Thursday. The sale was first announced in September 2023 as part of a deal for Dominion to sell its three natural gas distribution companies. The Public […]
Dominion offshore wind farm earns final federal approvals
Richmond-based Dominion Energy has earned the final two federal approvals needed to move forward with the construction and operation of its $9.8 billion, 176-turbine offshore wind farm 27 miles off the coast of Virginia Beach. The Bureau of Ocean Energy Management granted final approval of the construction plan for the Coastal Virginia Offshore Wind (CVOW) […]
Siemens Gamesa cancels $200M Portsmouth wind blade factory
Amid failing turbine components and financial challenges, Siemens Gamesa Renewable Energy said Friday it has “discontinued” its plans to build the nation’s first offshore wind-turbine blade manufacturing facility at the Port of Virginia‘s Portsmouth Marine Terminal. “Siemens Gamesa will continue to meet our obligations for the Coastal Virginia Offshore Wind project. [...]
Dominion offshore wind farm moves closer to final approval
Dominion Energy has passed another critical federal hurdle on its way to gaining approval to begin construction on its $9.8 billion, 176-turbine offshore wind farm 27 miles off the coast of Virginia Beach. The Bureau of Ocean Energy Management granted a favorable record of decision for the Richmond-based Fortune 500 electric utility‘s 2.6-gigawatt Coastal Virginia […]
November 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Sept. 15 to Oct. 13 included news about plans for a second Virginia Buc-ee’s mega-convenience center, this time in Rockingham County. 1 | 44 Virginia schools make U.S. News and World Report’s 2024 list The University of Virginia ranked No. 24 among national universities and […]
Former Siemens exec charged in Dominion bid-rigging case
A retired Siemens Energy executive is facing a felony charge in an alleged conspiracy to steal its competitor’s trade secrets, helping the German energy company prevail in a winning bid to build a gas turbine “peaker” plant in Chesterfield County for Dominion Energy in 2019. John Gibson, of Winter Park, Florida, was charged in U.S. […]
Massive foundation posts arrive for Dominion’s offshore wind farm
The first eight monopiles, the wind-turbine foundation posts for Dominion Energy’s $9.8 billion offshore wind farm, arrived at Portsmouth Marine Terminal on Oct. 19, and state officials and Dominion executives celebrated their arrival from Germany Friday. In a ceremony Friday, Gov. Glenn Youngkin, Dominion Chair, President and CEO Bob Blue and state and local dignitaries […]
Dominion pitches new solar projects to SCC
Dominion Energy is pitching the State Corporation Commission on several solar projects that could generate enough carbon-free electricity to power nearly 200,000 homes. The projects, presented in the Fortune 500 utility‘s fourth annual clean energy filing with the state, include six solar projects totaling 337 megawatts and 13 power purchase agreements totaling 435 megawatts with […]
Reid retiring as Dominion Energy Services president
Carter Reid, executive vice president, chief of staff and corporate secretary of Dominion Energy, as well as president of Dominion Energy Services, will retire Jan. 1, 2024, the Richmond-based utility announced Monday. Carlos Brown, Dominion’s senior vice president, chief legal officer and general counsel, will be promoted to president of Dominion Energy Services and Dominion […]
Dominion Energy shareholders receive mini-tender offer
Dominion Energy is urging its shareholders to reject a “mini-tender” offer from TRC Capital Investment, the Richmond-based Fortune 500 utility announced Monday. Toronto-based investment firm TRC Capital offered to purchase up to 2 million shares of Dominion Energy’s common stock for $44 per share in cash, approximately 4.47% below the closing price of Dominion common […]
Propelling forward
A massive building is rising on the northernmost point of Newport News Shipbuilding on the James River, physical evidence of the shipyard’s ambitious plan to build the Navy’s next generation of Virginia-class submarines as well as components for a dozen Columbia-class boats. Not as visible, but just as important as the new Multi-Class Submarine Production […]
October 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 14, 2023, were led by the news that Bon Secours filed suit against Anthem in Henrico County Circuit Court. 1 | Bon Secours sues Anthem for $93 million The health system alleges that insurer Anthem Health Plans of Virginia owes unpaid […]
