MASHINIi

Dominion Energy Inc.

D.US | Electric power generation, transmission and distribution

Dominion Energy Inc. is a major energy company involved in the generation, transmission, and distribution of electricity and natural gas. The company operates a diverse portfolio of power generation facilities, including nuclear, coal, gas, and renewable energy sources. It serves a large customer ba...Show More

Ethical Profile

Mixed.

Dominion Energy has faced scrutiny over its business practices, including a securities fraud investigation concerning alleged inflated cost estimates for its Coastal Virginia Offshore Wind project. The company was linked to a bidding conspiracy resulting in a $104 million fine for Siemens, and reports suggest approximately $3.95 billion in penalties since 2000, largely for consumer protection. While investing significantly in renewables, like the 2.6 GW offshore wind project and 800MW of approved solar/storage, its proposed gas-fired plant raises public health concerns. Dominion Energy has supported community health with $1.2 million in grants and transferred over 500 acres to the Nansemond Indian Nation.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect20
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-60
-100100
Kind to Animals10
-100100
No War, No Weapons-10
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities30
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products-20
-100100

Better Health for All

-40

Dominion Energy's core business of energy generation, particularly from fossil fuels, has significant negative health impacts. The company illegally dumped over 27 million gallons of polluted coal ash water into Quantico Creek in 2015, and a report confirmed significant risks to human health near its Chesterfield site due to leaking coal ash.

1
A proposed gas-fired power plant in October 2023 is estimated to release 7 billion pounds of carbon dioxide annually and other pollutants harmful to human health.
2
The company has shown a lack of transparency regarding these health risks, having insisted discharges were compliant when they were not, and denying leaks for years.
3
Failure to timely notify authorities of chemical releases also occurred.
4
However, Dominion Energy has undertaken substantial mitigation efforts. A settlement in October 2021 requires pollution control technology and retirement of a plant, reducing sulfur dioxide and nitrogen oxides by approximately 71,000 tons annually from 2010 levels, and committed $9.75 million to projects benefiting human health.
5
The company is required to excavate all coal ash in ponds at four sites.
6
In March 2023, it implemented an environmental justice policy including health impact mitigation.
7
For mental health, Dominion Energy offers comprehensive internal programs, including an Employee Assistance Program, lifestyle coaching, and mental health awareness conferences.
8
,
9
Externally, its charitable foundation awarded $3.5 million in grants in 2026, including for pediatric mental health, and $10 million in grants in 2024, supporting mental health services at community clinics and therapeutic art programs for military families.
10
,
11
A $150,000 grant in July 2022 enhanced behavioral health services for veterans and civilians.
12

Fair Money & Economic Opportunity

0

Dominion Energy implements several programs aimed at supporting underserved communities and small businesses. The EnergyShare program, expanded in May 2024, offers up to $2,500 for energy bills to small businesses with less than 50 employees and over $300 in arrears.

1
A similar program launched in July 2023 provided up to $1,000 for electric bills to small businesses, nonprofits, and houses of worship.
2
Over 968,000 individuals in VA and NC have been assisted by the EnergyShare Program over 40 years.
3
The Small Business Energy Solutions Program offers incentives up to 95% of project costs, or $6,000, for energy efficiency improvements.
4
Other initiatives include the PIPP program for income-eligible customers and the Senior Cool Care Program for low-income elderly. Dominion Energy also committed $25 million to 11 HBCUs, $10 million for scholarships for underrepresented students, and $2 million for the Hispanic Talent Initiative.
5
In 2022, the company spent $1.4 billion with diverse suppliers, accounting for 16.9% of procurement spending, with a target of 20% by 2025.
6

Fair Pay & Worker Respect

20

Dominion Energy reported an OSHA Recordable Rate of 0.42 in 2024

1
, which improved from 0.52 in 2022.
2
The company's Surry Power Station received recertification as a Virginia STAR Worksite
3
, acknowledging its commitment to workplace safety. As of December 31, 2023, approximately 4,600 out of 17,700 employees (26%) were covered by union representation.
4

Fair Trade & Ethical Sourcing

0

Dominion Energy allocated $1.4 billion, accounting for 16.9% of its total procurement spending, to diverse suppliers

1
. The company conducts annual sustainability assessments
2
and requires suppliers to adhere to its Supplier Code of Ethics and Business Conduct
3
, also being a member of the Sustainable Supply Chain Alliance (SSCA)
4
.

Honest & Fair Business

-60

Dominion Energy faces significant ethical challenges. A Dominion Energy employee pleaded guilty to conspiracy to commit wire fraud in October 2023 for colluding in a 2019 bidding process, accepting gifts for confidential information that enabled another company to secure a contract potentially worth up to $340 million.

1
This indicates a severe failure in anti-corruption enforcement. Additionally, in February 2025, law firms initiated investigations into Dominion Energy for potential violations of federal securities laws, examining allegations of inflated cost estimates and inadequate disclosure of project risks related to the Coastal Virginia Offshore Wind project.
2

Kind to Animals

10

Dominion Energy's operations have a significant negative impact on wildlife, with its transmission lines estimated to cause up to 175 million bird deaths annually.

1
Despite this, the company has undertaken several positive wildlife conservation initiatives. It donated 2,000 acres to The Nature Conservancy in West Virginia, expanding habitat protection and connectivity.
2
Employees developed pole-mounted bat flats to provide roosting structures for local bat species.
3
The company collaborated with Audubon South Carolina to install Motus wildlife tracking towers for migratory bird research.
4
The Dominion Energy Charitable Foundation also awarded $1.3 million in grants to 114 nonprofits for wildlife conservation and habitat restoration.
5
In its animal agriculture practices, Dominion Energy operates a pilot program using sheep for vegetation management on solar farms.
6
These sheep have extensive outdoor access on large grazing areas, are observed closely for signs of sickness or injury, and are protected by guard dogs.
7

No War, No Weapons

-10

Dominion Energy was awarded a 22-year, $47.9 million Utility Energy Service Contract (UESC) for Marine Corps Base Quantico in April 2021.

1
This contract involves providing energy services, installing new generators, and refurbishing existing systems for a military installation.
2
The company's core business is energy, and there is no evidence of direct involvement in arms manufacturing or controversial weapons.

Planet-Friendly Business

0

Dominion Energy is actively investing in and developing large-scale renewable energy and storage projects. The Coastal Virginia Offshore Wind project, designed to generate 2.6 GW from 176 turbines, is 50% complete

1
and has a total cost of $10 billion to $10.7 billion,
2
with Dominion selling a 50% interest for $3 billion.
3
The company is also building a solar and storage project at Dulles Airport, which includes 200,000 solar panels for 100MW generation and 50MW of battery storage.
4
In April 2023, the Virginia State Corporation Commission approved nearly two dozen new solar and energy storage projects proposed by Dominion Energy, collectively generating over 800MW of carbon-free electricity.
5
Additionally, Dominion Energy is testing advanced battery storage technologies, such as iron-air and zinc-hybrid batteries, through the Darbytown Storage Pilot Project, proposed in September 2023.
6

Respect for Cultures & Communities

30

Dominion Energy has taken significant actions to protect cultural and heritage sites. The company supported the transfer of over 500 acres of ancestral forest land to the Nansemond Indian Nation.

1
It mitigated cultural impacts of the Surry-Skiffes Creek-Whealton Transmission Line Project by acquiring public lands, funding archaeology and restoration at Jamestown Island, and developing Machicomoco State Park.
2
For the Coastal Virginia Offshore Wind project, Dominion prioritized minimal disruptions to cultural resources and collaborated with Native American tribes and historians to identify suitable transmission pathways.
3
No cultural appropriation incidents have been reported.

Safe & Smart Tech

-10

Dominion Energy has not experienced any cybersecurity incidents resulting in a material impact to its business strategy, operations, or financial condition in the past three years, as reported in February 2026 and February 2024.

1
The company maintains a comprehensive cybersecurity program designed to protect data and systems, including a robust, tested, and regularly revised Cyber Security Incident Response Plan and a Vendor Compromise Response Plan.
2
Specific preventative measures include smart meters designed not to store or transmit personally identifiable information across the network, and an Insider Threat Program that ensures privacy by sharing information only with key personnel.
3
,
4
Furthermore, suppliers are required to have and comply with a data security program and all applicable data privacy, protection, and breach notification laws.
5

Zero Waste & Sustainable Products

-20

Dominion Energy has implemented multiple waste reduction initiatives, including a 33% reduction in landfill waste since 2020.

1
Its corporate composting program diverted over 100,000 pounds of compostable materials, and 96% of materials from office renovations were diverted from landfills.
2
A Babylon Micro-Farm at its headquarters saves 97.5 pounds of food waste annually.
3
The company's appliance recycling program has recycled over 25,000 customer appliances since 2014, diverting over 2.5 million pounds of metal, plastic, and glass from landfills, and offers rebates to encourage participation.
4
For hazardous waste, Dominion Energy has partnerships to capture methane emissions and convert dairy and hog farm waste into renewable natural gas, and its micro-farm prevents fertilizer runoff.
5
No waste disposal violations were reported.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.