Dominion

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.

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

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor.

• NOVA ParksminorStrategic or Co-development Partner · 3 February 2026Dominion 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)minorStrategic or Co-development Partner · 9 September 2025Convergence 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 GasminorOthersNatural 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)minorStrategic or Co-development PartnerDominion 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

Direct 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

• Xx.com/DomNews
• YouTubeyoutube.com/user/DomCorpComm
• Facebookfacebook.com/dominioncareers
• LinkedInlinkedin.com/company/dominionenergy
• Instagraminstagram.com/DominionEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dominion