道明尼能源 2025年度报告

2025 ANNUAL REPORT Providing the reliable,affordable, andincreasingly cleanenergy that powers ourcustomers every day. 1CEO Letter72025 Highlights8Our Leadership9Annual Report on Form 10-KApdx.GAAP ReconciliationsIBCFinancial Performance 7.8 GW of solar generation in operationor under development. 38 of PJM's DOM Zone top 50 alltime-peaks in customer demandhave occurred since January 1, 2025. 46% Our statements about the future and our goals are subject to various risks anduncertainties. For factors that could cause actual results to differ fromexpected results, see Item 1A. Risk Factors, Forward-Looking Statements inItem 7. Management’s Discussion and Analysis of financial Condition andResults of Operations, and Item 7A. Quantitative and Qualitative DisclosuresAbout Market Risk in the enclosed Annual Report on Form 10-K for the yearended December 31, 2025. reduction in Scope 1 carbonemissions from 2005 to 2024. Dominion Energy (NYSE: D), headquartered in Richmond, Va., provides regulatedelectricity service to 3.6 million homes and businesses in Virginia, North Carolina,and South Carolina, and regulated natural gas service to 500,000 customers inSouth Carolina.The company is one of the nation’s leading developers andoperators of regulated offshore wind and solar power and the largest producerof carbon-free electricity in New England.The company’s mission is to providethe reliable, affordable, and increasingly clean energy that powers its customersevery day. Please visit DominionEnergy.com to learn more. As of March 1, 2026. DearFellow Investors, At the start of 2025, I laid out our goals forthe coming months: (1) consistent fulfillmentof our financial commitments; (2) continuedachievement of major construction milestonesfor our offshore energy project, CoastalVirginia Offshore Wind (CVOW); and (3)achievement of constructive regulatoryoutcomes that demonstrate our ability towork cooperatively with regulators andstakeholders to deliver results that benefitboth customers and shareholders. I’m pleased to report that we met those goals. Guided by our corevalues of safety, ethics, excellence, embrace change, and One DominionEnergy (our term for teamwork), we also built on the progress made inprevious years, positioning the company for continued success in theyears to come. We stuck close to our mission: providing the reliable, affordable, andincreasingly clean energy that powers our customers every day. We alsosustained our focus on those priorities that define Dominion Energy: safety,investing in our people, and supporting the communities we serve. When it comes to safety, 2025 should have been a year for celebration.We set a new record with a 0.26 OSHA recordable injury rate. Yet in March2025, we experienced a profound loss with the passing of our colleagueGerald “Ryan” Barwick at a power generation facility in South Carolina.The best way we can honor his memory is to drive our injury rate to zero. Robert M. Blue Chair, President andChief Executive Officer Meeting Financial Targets Financially, we performed well — delivering on our forecasts andretaining our strong credit profile. In 2025, the company reported $3.45per share in earnings under Generally Accepted Accounting Principles(GAAP). Operating earnings came in at $3.42 per share, up 23% from theprevious year.* Dominion Energy paid $2.67 per share in dividends oncommon stock, and we remain committed to that annual amount, subjectto quarterly determination and declaration by the Board of Directors, untilour payout ratio is more in line with that of our peers. In 2025, aninvestment in Dominion Energy common stock produced a totalshareholder return of 13.9%. Looking ahead, we expect 5-7% annual operating earnings per share growth* andhave projected $65 billion in capital investment through 2030. 20-year license extension forV.C. Summer nuclearpower station, allowingit to operate until 2062. Project Execution Dominion Energy’s core value of excellence drives our approach to the executionof projects large and small. Nothing illustrates this better than CVOW, a 2.6 GWgenerating project that will be able to power up to 660,000 homes and businesseswhen completed, expected in early 2027. As of late February, we had installed all176 monopile foundations and 126 of 176 transition pieces, which connect themonopiles to the turbine towers. Installation of wind turbines has begun andcontinues while litigation of a federal stop-work order proceeds. We also haveinstalled all three offshore substations and completed installation of the deepwateroffshore export cables. CVOW is expected to deliver its first electrons by the latterpart of the first quarter. Charybdis, the nation’s first Jones Act-compliant offshore wind turbineinstallation vessel, is based at Virginia’s Portsmouth MarineTerminal supportingCVOW construction. Consistent with our all-of-the-above approach, in 2025, we brought 256 MW ofsolar online. In January 2026, we brought online 15.7