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The company has until November to formally appeal the Virginia State Corporation Commission’s order to directly assign some costs of transmission. Dominion Energy has an October deadline to propose compliant policy changes.
Dominion Energy (D) reached $65.1 at the closing of the latest trading day, reflecting a -1.69% change compared to its last close.
Energy stocks were falling pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE
The Virginia State Corporation Commission said it may use an upcoming docket to weigh whether this policy “could or should” also apply to more upstream transmission costs.
NextEra Energy beats second-quarter earnings estimates as FPL growth and record renewables bookings offset a revenue miss.
Let’s cut to the chase: owning Dominion Energy stock has paid off. It’s now mostly tracking its buyer, NextEra Energy Take the money and run. With companies needing to power their artificial intelligence, Dominion’s valuation had more room to reflect the tailwind.
“Regardless of the cost allocation methodology that is chosen, there remains a glaring cross-class subsidization occurring to the benefit of new [large load] customers,” said State Corporation Commission attorney Andrew Major.
The stock has fallen about 16% from its peak as investors rotate into other parts of the semiconductor sector, particularly memory and storage stocks
Dominion Energy has underperformed the Dow over the past year, and analysts are cautious about the stock’s prospects.
NextEra Energy (NEE) just agreed to one of the largest energy acquisitions since Exxon bought Mobil in 1998. The market's first reaction was not applause. Shares of the Florida utility giant fell sharply after it unveiled a roughly $67 billion all-stock deal to buy Virginia's Dominion Energy (D) on ...
June S&P 500 E-Mini futures (ESM26) are down -0.38%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.65% this morning, pressured by a retreat in technology stocks, while investors await signs of progress toward a peace deal in the Middle East.
Stock Market Today: Dow futures pared losses as oil prices reversed on Iran state media reports of waived sanctions. Nvidia, Walmart earnings loom.
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