Dominion Energy, Inc. · NYSE:D

Dominion Energy — Corporate Update (January 2026)

15 slides from Dominion Energy's corporate update, Jan 30, 2026

  1. Slide 1: Coastal Virginia Offshore Wind Project update

    Coastal Virginia Offshore Wind Project update January 30, 2026

  2. Slide 2: Important note for investors

    Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the busine

  3. Slide 3: Table of contents

    Coastal Virginia Offshore Wind (CVOW) Table of contents CVOW well-aligned with focus on American energy dominance Significant construction progress supports first delivery of electricity in weeks (no change) Project cost update Tariff impacts Robust cost sharing mechanisms protect customers, preserv

  4. Slide 4: CVOW: On track for first delivery of electricity and full completion in early 2027

    The Coastal Virginia Offshore Wind project: On track for first delivery of electricity (Q1 2026) and now expect full project completion in early 2027¹ Represents the fastest and most economical way to deliver nearly 3GW to Virginia's grid to support America’s AI and cyber, shipbuilding, and military

  5. Slide 5: Significant progress reduces project risk: ~71% complete

    Note: Awaiting installation includes components that are completely fabricated and awaiting transport or en route presently to Virginia Coastal Virginia Offshore Wind (CVOW) Significant progress reduces project risk: ~71% complete (updated) Major equipment progress % installed Project scope: 176 mon

  6. Slide 6: Achieving major construction milestones

    Coastal Virginia Offshore Wind (CVOW) Achieving major construction milestones 2 Second OSS installation (November 2025) Components at PMT (January 2026)

  7. Slide 7: Achieving major construction milestones

    Coastal Virginia Offshore Wind (CVOW) Achieving major construction milestones 2 Charybdis loading at PMT (December 2025)

  8. Slide 8: Achieving major construction milestones

    Coastal Virginia Offshore Wind (CVOW) Achieving major construction milestones 2 Third offshore substation at PMT (January 2026)

  9. Slide 9: Achieving major construction milestones

    Coastal Virginia Offshore Wind (CVOW) Achieving major construction milestones 2 First wind turbine generator installation (January 2026)

  10. Slide 10: Project cost update

    Coastal Virginia Offshore Wind (CVOW) Project cost update (updated) Costs Current capital budget: $11.5B (reflects $580M of actual/estimated tariffs and $228M associated with BOEM Suspension Order¹) including contingency (updated) Project cost increase driven by construction delays related to BOEM S

  11. Slide 11: Tariff impacts

    Coastal Virginia Offshore Wind (CVOW) Tariff impacts (updated) Current tariff rates (as of January 30, 2026) Mexico: 30% and Canada: 35% (no stacking of tariff if already subject to steel tariff) Steel: 50% (material value only) European Union: 15% (no stacking on portion of costs subject to steel t

  12. Slide 12: Robust cost sharing mechanisms protect customers, preserve affordability

    ¹ In 2027 dollars 2 Over project estimated lifetime for a typical residential customer bill using 1,000 kWh per month 3 Fourth quarter reported earnings will reflect the project budget increase for Mexico, Canada and European Union through 3/31/26 & steel through early 2027 Original filing (Nov 2021

  13. Slide 13: Appendix

    Appendix 13 at

  14. Slide 14: Cost-sharing thresholds

    Cost-sharing thresholds Customers Shareholders Capital budget of ~$9.8B 100% 0% Costs between $9.8B – $10.3B 100% 0% Costs between $10.3B – $11.3B 50% 50% Costs between $11.3B – $13.7B 0% 100% There is no cost-sharing agreement for any costs that exceed $13.7B Significant customer benefits Protectio

  15. Slide 15: Equity partnership pro rata cost and risk sharing

    Note: The ownership percentages within the ownership columns exclude the net initial withholding ¹ Existing cost-sharing thresholds per the settlement agreement in DEV’s 2022 petition to the SCC to reconsider the performance guarantee; approved by the SCC in December 2022 Construction budget Regulat

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