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MarketScreener Homepage  >  Equities  >  Nyse  >  Dominion Energy, Inc.    D


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Dominion Energy : Contributes more than $1.5 Million to Support Energy-Efficiency in Virginia Communities

11/24/2020 | 10:14am EST

RICHMOND - Dominion Energy Virginia is committing more than $1.5 million to support community organizations across the state implementing energy-efficiency measures and enhancing workforce development through the company's EnergyShare program.

The programs will educate communities about ways to reduce energy costs, train workers in weatherization services and assist low-income customers.

'With seasons changing and the pandemic still in full swing our customers are counting on programs like EnergyShare now more than ever,' said Ed Baine, president of Dominion Energy Virginia. 'We are pleased to be able to work with local organizations to determine the unique needs of each community and provide much needed support.'

Dominion Energy looked to local organizations across the Commonwealth to help identify energy assistance needs in the community and how best to provide solutions.

The 13 projects are expected to provide more than 800 individuals with cost-saving energy-efficiency benefits.

Northern Region

Good Shepherd Housing & Family Services (Fairfax)

Community Touch, Lord Fairfax Community College, Genesis Home Improvement

Loudoun Habitat for Humanity (Loudoun)

Central Region

Virginia Hispanic Foundation & Richmond Metropolitan Habitat for Humanity

Baptist General Convention & Rebuilding Together (Richmond, Chesterfield)

Henrico Schools (Henrico)

Eastern Region

Habitat for Humanity Peninsula & Greater Williamsburg (Hampton, Newport News, James City County, and York County)

Southeast Virginia Community Foundation (Chesapeake, Norfolk)

Grove Christian Outreach Center (James City County)

Virginia Beach Community Development Corporation (Virginia Beach, Hampton Roads)

Piedmont Region

LEAP, City of Charlottesville Office of Economic Development, and Piedmont Housing Alliance (Charlottesville)

LEAP and Albemarle Housing Improvement Program (Charlottesville)

LEAP, Piedmont Housing Alliance and County of Albemarle

'LEAP is thrilled that Dominion Energy selected us to partner with them in assisting low-income households in the region to reduce their energy usage and costs. Replacing aged heating and cooling systems along with adding insulation to homes will make them significantly more comfortable during the upcoming frigid winter months,' stated LEAP's Executive Director Chris Meyer.

The grant will allow for more households in the Piedmont area to be served. By replacing equipment, sealing windows and doors, and installing insulation in attics, LEAP expects to reduce energy use by 40-50% during winter months when heating use can peak.

In Northern Virginia, Good Shepherd Housing & Family Services will replace old windows and HVAC systems in several units at Colchester Towne community. Additionally, the grant will fund training for two property maintenance technicians located onsite at the Colchester Towne community in weatherization techniques, energy auditing, upkeep, and installation. This project will directly serve 120 people who live in the 42 Good Shepherd housing units.

'Good Shepherd looks forward to starting work right away to try and serve as many households as possible before winter arrives.' shared David Levine, President and CEO of Good Shepherd Housing. 'For those households with a housing crisis, our affordable rental housing helps to achieve both housing and self-sufficiency. We are appreciative of Dominion Energy's collaboration, and we are excited to serve the people in our community.'

EnergyShare is the company's year-round bill assistance program of last resort and is available to customers who face financial hardship, regardless of income. EnergyShare also offers free weatherization services and educational outreach to help qualifying customers reduce energy usage and lower their bills by making lasting energy-saving improvements.

About Dominion Energy

More than 7 million customers in 16 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050.


Tel: 804-771-6115

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 15 196 M - -
Net income 2020 2 986 M - -
Net Debt 2020 33 429 M - -
P/E ratio 2020 18,5x
Yield 2020 4,82%
Capitalization 58 396 M 58 396 M -
EV / Sales 2020 6,04x
EV / Sales 2021 6,03x
Nbr of Employees 19 100
Free-Float 99,7%
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 82,94 $
Last Close Price 71,58 $
Spread / Highest target 25,7%
Spread / Average Target 15,9%
Spread / Lowest Target 4,78%
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Managers and Directors
Robert M. Blue President, Chief Executive Officer & Director
Thomas F. Farrell Executive Chairman
Diane Leopold Chief Operating Officer & Executive VP
James R. Chapman CFO, Treasurer & Senior Vice President
Mark J. Kington Independent Director
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