New data centers require billions of dollars in utility system upgrades. You may end up paying for it. [Business Insider]
Dominion Energy, Inc. (D)
Last dominion energy, inc. earnings: 2/11 07:30 am
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Source: Business Insider
Advocates worry that consumers will end up subsidizing tech giants and Wall Street titans. When Amazon announced last year that it would vastly expand its data center operations in Ohio, the state's governor, Mike DeWine, hailed the billions of dollars in investment , hundreds of jobs, and tech hub status the plan would bring to the state. The expansion, however, could come with a hidden price for Ohioans. Amazon and the state's largest utility have asked Ohio's power regulator to approve a discount on the gargantuan loads of electricity the new data centers will burn. How much of a discount? Neither Amazon, the electric company, nor the state regulator would provide details, but a rival Ohio utility has estimated that Amazon could eventually save more than $135 million annually under the 10-year agreement. As a result, home and business ratepayers in the state could shoulder more of the mounting costs of providing electricity to meet soaring data center energy demands – much o
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D
News
- Construction of Dominion Energy's Coastal Virginia Offshore Wind (CVOW) Project Has Not Been DelayedPR Newswire
- Dominion Energy (D) to Post Q1 Earnings: What's in the Offing? [Yahoo! Finance]Yahoo! Finance
- Virginia Data Centers Supported 78,140 Jobs and $31.4 Billion in Economic Output in 2023 [Yahoo! Finance]Yahoo! Finance
- This Is Why Dominion Energy, Inc.'s (NYSE:D) CEO Compensation Looks Appropriate [Yahoo! Finance]Yahoo! Finance
- Dominion Energy (D) Advances But Underperforms Market: Key Facts [Yahoo! Finance]Yahoo! Finance
D
Earnings
- 2/22/24 - Miss
D
Sec Filings
- 5/1/24 - Form 424B3
- 4/10/24 - Form SC
- 3/25/24 - Form PX14A6G
- D's page on the SEC website