Article

Dominion Energy announced a capital investment plan of $64.7 billion for 2026-2030, up from $50.1 billion, to meet growing electricity demand from data centers in Virginia. The company's 2026 earnings forecast of $3.45 to $3.69 per share fell short of Wall Street's estimate of $3.60, leading to a decline in stock price.

Dominion has contracted nearly 48.5 gigawatts of data center capacity, with significant investments planned in electric transmission and distribution. Key projects include the $11.5 billion Coastal Virginia Offshore Wind project, expected to commence in early 2026.