Dominion
Dominion Energy is a regulated electric power and natural gas utility serving approximately 10 million customers across Virginia, North Carolina, South Carolina, and Florida through diversified generation including nuclear, natural gas, wind, solar, and hydroelectric assets. Following NextEra Energy's $67 billion acquisition in May 2026, it operates as part of the world's largest utility with combined 110 GW of generation capacity.
- Company typePublic
- Founded1983
- HeadquartersRichmond, United States
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Dominion does
Dominion Energy is a regulated electric power and natural gas utility serving approximately 10 million customers across Virginia, North Carolina, South Carolina, and Florida through wholly-owned operating subsidiaries including Dominion Energy Virginia, Dominion Energy North Carolina, and Dominion Energy South Carolina. The company operates a vertically integrated business spanning generation, transmission, and distribution, with a generation portfolio diversified across nuclear, natural gas (including combined-cycle plants that reuse exhaust heat for efficiency), onshore and offshore wind, solar, biomass, and hydroelectric sources. Flagship infrastructure assets include the Bath County Pumped Storage Station (3,003 MW), one of the largest pumped storage hydroelectric facilities in the world, and the Coastal Virginia Offshore Wind project (176 turbines, $11.5 billion), the largest offshore wind installation in the United States. The grid footprint spans 6,800+ miles of electric transmission lines, 58,510+ miles of distribution lines, and over 10,330 miles of natural gas pipelines.
Revenue is generated primarily through regulated electricity and natural gas distribution rates approved by state utility commissions, supplemented by power generation sold into wholesale markets. Customer segments include residential households, small and medium businesses, large commercial and industrial accounts, government and municipal facilities, and rapidly growing AI data center operators whose contracted demand exceeds 51 GW with projected total demand of 70,000 MW. The company maintains digital self-service channels through a corporate website and mobile application supporting outage reporting, billing, and account management. On May 18, 2026, NextEra Energy completed a $67 billion all-stock acquisition of Dominion, creating the world's largest utility by market capitalization at $249 billion with enterprise value of $420 billion and combined 110 GW of generation capacity. The combined entity plans $59 billion in annual capital expenditure from 2027 to 2032 to address surging AI-driven data center demand and execute the Net Zero by 2050 commitment.
Dominion firmographics
Firmographics- Name
- Dominion
- Legal name
- Dominion Energy, Inc.
- Website
- https://dominionenergy.com
- Company type
- Public
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Dominion Energy is a regulated electric power and natural gas utility serving approximately 10 million customers across Virginia, North Carolina, South Carolina, and Florida through diversified generation including nuclear, natural gas, wind, solar, and hydroelectric assets. Following NextEra Energy's $67 billion acquisition in May 2026, it operates as part of the world's largest utility with combined 110 GW of generation capacity.
- Ownership category
- akta.pro rank
Where Dominion is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Dominion business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Regulated Utility Revenue: Dominion Energy generates revenue primarily through regulated electricity and natural gas distribution services to residential, commercial, and industrial customers across Virginia, North Carolina, South Carolina, and Florida. Revenue is derived from regulated rates approved by state utility commissions, providing relatively stable, recurring revenue streams.
- Power Generation and Sale: Revenue from generating electricity through diverse sources including nuclear, natural gas, wind, solar, hydroelectric, and biomass facilities. Power is sold to regulated utility customers and into wholesale markets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Regulated utility rates approved by state utility commissions |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
Dominion product offering
Product offeringCore offering
Dominion Energy is a vertically integrated regulated utility that generates, transmits, and distributes electricity and natural gas to residential, commercial, and industrial customers across Virginia, North Carolina, South Carolina, and Florida. The company operates a diversified power generation portfolio spanning nuclear, natural gas, onshore and offshore wind, solar, hydroelectric (including pumped storage), and biomass, and maintains over 6,800 miles of electric transmission and 58,510+ miles of electric distribution lines plus 10,330+ miles of natural gas pipelines.
Product overview
Dominion Energy is a vertically integrated utility company offering a diversified portfolio of energy products and services. The company's core offerings include electric transmission and distribution infrastructure (serving approximately 4.3 million customers across Virginia, North Carolina, and South Carolina), natural gas pipeline services, and multiple power generation sources spanning nuclear, natural gas, solar, wind, hydroelectric, and biomass. The Dominion Energy Mobile App provides customer-facing digital services including account management, outage reporting, and payment processing. Renewable energy projects, particularly the Coastal Virginia Offshore Wind project and widespread solar installations, represent significant growth areas alongside traditional fossil fuel and nuclear generation assets.
Differentiator
Problem solved
Functional benefit
Products and services
- Electric Transmission & Distribution Services
Quantifiable outcome
- Serves approximately 10 million utility customers across Florida, North Carolina, South Carolina, and Virginia
- +4 more outcomes
Companies that use Dominion
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Dominion technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Dominion partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor.
- NOVA ParksminorDominion Energy and NOVA Parks reached a new agreement for vegetation management in the Washington & Old Dominion Railroad Regional Park, demonstrating environmental stewardship and community partnership.
- Multiple Companies (Convergence 2025 Exhibitors)minorConvergence 2025, hosted by Dominion Energy, is a supplier expo and career fair with more than 65 exhibitors including American Water, Ampirical, Asplundh, Barton Malow Builders, Black & Veatch, Burns & McDonnell, Capital One, Constellation Energy, Kiewit, and others. The event fosters business relationships and employment opportunities.
- Enbridge GasminorNatural gas customers in North Carolina, Ohio, or Utah are referred to Enbridge Gas for gas distribution services, indicating a partnership or transition of gas service operations.
- Sustainable Supply Chain Alliance (SSCA)minorDominion Energy is a member of the Sustainable Supply Chain Alliance, collaborating with peer utility members to share best practices and make positive impacts in the industry. Dominion participates in annual sustainability assessments of suppliers.
Scale indicators14 records
Recent moves6 records
Expansion highlights6 records
Dominion competitors and assessment
Company assessmentDirect peers
- DTE Energy: DTE Energy is a regulated electric and natural gas utility serving Michigan, with significant renewable generation investments. It is comparable to Dominion in vertically integrated utility model, gas distribution scale, and clean energy transition.
- Duke Energy: Duke Energy is a large U.S. regulated electric and natural gas utility serving the Carolinas, Florida, and the Midwest. It is directly comparable to Dominion given its similar size, vertically integrated business model, and Southeast service territory overlap.
- Southern Company: Southern Company is a major regulated electric and natural gas utility serving the Southeast, including Georgia, Alabama, Mississippi, and Florida. It is closely comparable to Dominion in scale, generation mix, and geographic focus on the U.S. Southeast.
- Entergy Corporation: Entergy is a regulated electric utility serving Louisiana, Arkansas, Mississippi, Texas, and the city of New Orleans, with growing natural gas operations. It is comparable to Dominion in Southeast U.S. focus, generation mix, and regulated rate base growth.
- NextEra Energy: NextEra Energy is now Dominion's parent company following the May 2026 acquisition. It is the world's largest renewable energy generator and a regulated utility operator in Florida, making it a direct parent-peer in renewables, regulated utility operations, and combined-scale strategy.
- Eversource Energy: Eversource is a New England-based regulated electric, natural gas, and water utility serving Massachusetts, Connecticut, and New Hampshire. It is comparable to Dominion as a regional electric and gas utility with significant T&D and clean energy investment.
- American Electric Power: AEP is one of the largest U.S. electric transmission and distribution utilities, serving 11 states with a heavy focus on transmission infrastructure. It is comparable to Dominion in scale, regulated T&D operations, and transmission-led capital investment programs.
- WEC Energy Group: WEC Energy Group is a regulated electric and natural gas utility serving Wisconsin, Illinois, Minnesota, and Michigan. It is comparable to Dominion in regulated T&D operations, gas distribution, and renewable generation portfolio.
- Xcel Energy: Xcel Energy is a regulated electric and natural gas utility serving eight Midwestern and Western states with an industry-leading renewable energy portfolio. It is comparable to Dominion in size, vertical integration, and energy transition strategy including wind and solar build-out.
- Exelon: Exelon is a major U.S. regulated electric and natural gas utility serving the Mid-Atlantic, Northeast, Illinois, and DC markets. It is comparable to Dominion in regulated utility scale, T&D operations, and gas distribution footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Dominion social profiles
Digital presenceDominion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dominion leadership team
Management profileNumber of profiles
Profiles16 records
Dominion subsidiaries and ownership
Company hierarchySubsidiaries5 records
Dominion funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dominion M&A and investment
M&A and investmentM&A7 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dominion
What does Dominion do?
Dominion Energy is a vertically integrated regulated utility that generates, transmits, and distributes electricity and natural gas to residential, commercial, and industrial customers across Virginia, North Carolina, South Carolina, and Florida. The company operates a diversified power generation portfolio spanning nuclear, natural gas, onshore and offshore wind, solar, hydroelectric (including pumped storage), and biomass, and maintains over 6,800 miles of electric transmission and 58,510+ miles of electric distribution lines plus 10,330+ miles of natural gas pipelines.
Is Dominion a public or private company?
Dominion is a public company. It is classified as public and is currently operating.
When was Dominion founded?
Dominion was founded in 1983. It employs 5,001 to 10,000 people.
Where is Dominion based?
Dominion is headquartered in Richmond, United States, in the North America region.
How does Dominion make money?
Two revenue lines are on record. Regulated Utility Revenue is the primary driver. The others are power Generation and Sale.
Who are Dominion's main competitors?
Direct peers on record are DTE Energy, Duke Energy, Southern Company, Entergy Corporation, NextEra Energy, Eversource Energy, American Electric Power, WEC Energy Group, Xcel Energy and Exelon.
Does Dominion have an API?
No public API is recorded for Dominion.