Dominion Energy

To deliver clean, reliable, and affordable energy by leading America's transition to a net-zero future.

Dominion Energy SWOT Analysis

Updated: October 3, 2025 • 2025-Q4 Analysis

How to Use This Analysis

This analysis for Dominion Energy was created using Alignment.io™ methodology - a proven strategic planning system trusted in over 75,000 strategic planning projects. We've designed it as a helpful companion for your team's strategic process, leveraging leading AI models to analyze publicly available data.

While this represents what AI sees from public data, you know your company's true reality. That's why we recommend using Alignment.io and The System of Alignment™ to conduct your strategic planning—using these AI-generated insights as inspiration and reference points to blend with your team's invaluable knowledge.

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The Dominion Energy SWOT analysis reveals a pivotal moment for the company. Its regulated monopoly and the landmark CVOW project provide a fortified position to lead the energy transition. However, this strength is counterbalanced by significant execution risks on these mega-projects and a high sensitivity to interest rates and regulatory whims. The primary strategic imperative is to flawlessly execute its massive capital plan, turning opportunities like the IRA and data center growth into tangible, rate-based assets. The company must transform its operational capabilities to match its ambitious vision, ensuring that its path to a clean energy future is paved with disciplined project management and constructive regulatory partnerships. Success hinges on converting its strategic advantages into undeniable operational excellence, thereby solidifying its role as a premier American utility for the next generation.

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No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To deliver clean, reliable, and affordable energy by leading America's transition to a net-zero future.

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Strengths

MONOPOLY: Regulated status in key markets provides predictable cash flow.
CVOW: Largest U.S. offshore wind project offers unique, visible growth.
BALANCE SHEET: Recent asset sales provide capital for clean energy pivot.
LOAD GROWTH: Located in high-growth data center alley driving demand.
NUCLEAR FLEET: Provides reliable, carbon-free baseload power generation.

Weaknesses

CAPITAL: High capital intensity makes business sensitive to interest rates.
REGULATORY: Multi-state operating model creates complex compliance risks.
EXECUTION: Risk of delays or cost overruns on mega-projects like CVOW.
INFRASTRUCTURE: Significant portions of the grid are aging and need costly updates.
DEBT: High leverage level relative to peers could constrain flexibility.

Opportunities

IRA: Federal incentives dramatically improve renewable project economics.
ELECTRIFICATION: EV adoption and heat pumps create new, sustained demand.
DATA CENTERS: Massive electricity demand growth from AI in Virginia.
GRID MODERNIZATION: Opportunity for large, regulated capital investment.
NUCLEAR: Potential for license extensions and SMRs for clean baseload.

Threats

RATES: Rising interest rates increase cost of capital for new projects.
REGULATORY: Unfavorable rate case outcomes could limit investment recovery.
WEATHER: Increasing frequency of severe storms threatens grid reliability.
SUPPLY CHAIN: Delays and cost inflation for turbines, transformers, etc.
CYBERSECURITY: Heightened risk of sophisticated attacks on critical grid.

Key Priorities

RENEWABLES: Accelerate the CVOW project and solar build-out using IRA.
GRID: Modernize infrastructure to support reliability and electrification.
EXECUTION: De-risk mega-projects with stringent cost and schedule control.
REGULATORY: Proactively partner with regulators to secure timely recovery.

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Dominion Energy OKR

Updated: October 3, 2025 • 2025-Q4 Analysis

This Dominion Energy OKR plan exhibits exceptional strategic alignment. It translates the SWOT's core priorities—renewables, grid, execution, and regulation—into clear, ambitious objectives. The key results are well-defined, outcome-focused, and directly address the company's most significant challenges and opportunities, such as de-risking the CVOW project and modernizing the grid with AI. This plan provides a powerful framework for driving accountability and focusing the entire organization on the critical actions needed to deliver on its clean energy vision. It effectively bridges the gap between long-term strategy and quarterly execution, creating a clear roadmap for market leadership and shareholder value creation in the evolving energy landscape.

NextEra Energy Duke Energy Southern Company American Electric Power Exelon

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To deliver clean, reliable, and affordable energy by leading America's transition to a net-zero future.

ACCELERATE CLEAN ENERGY

Lead the nation in decarbonization.

CVOW: Complete installation of the first 25% of monopiles for the Coastal Virginia Offshore Wind project.
SOLAR: Bring 500 MW of new utility-scale solar projects into commercial operation ahead of schedule.
IRA: Secure $500M in incremental project financing benefits enabled by the Inflation Reduction Act.
RETIREMENT: Finalize and file the planned retirement schedule for our remaining coal-fired generation units.

MODERNIZE THE GRID

Build the most reliable and resilient grid in America.

RELIABILITY: Reduce system-wide SAIDI by 10% through targeted hardening and automation investments.
INTERCONNECTION: Decrease the average queue time for new distributed energy resources by 20%.
AI: Launch three AI-powered predictive maintenance pilots for critical substation equipment to reduce failures.
INVESTMENT: Secure regulatory approval for our next 3-year, $5B grid transformation investment plan.

EXCEL IN EXECUTION

Deliver our historic capital plan on time and on budget.

PROJECTS: Maintain a project-wide cost and schedule performance index (CPI/SPI) of 1.0 or higher for top 10 projects.
SAFETY: Achieve a 15% year-over-year reduction in OSHA recordable injury rates across all operations.
O&M: Realize $100M in non-fuel O&M cost savings through new efficiency and automation initiatives.
SUPPLY CHAIN: Mitigate 100% of identified critical supply chain risks for our top 5 capital projects.

STRENGTHEN PARTNERSHIPS

Be the most trusted energy partner for our communities.

REGULATORY: Achieve a constructive outcome in the Virginia rate case, supporting our full capital plan.
CUSTOMERS: Improve our J.D. Power Customer Satisfaction score by 15 points in the business segment.
STAKEHOLDERS: Increase community investment by 10% in environmental justice and workforce development programs.
DATA CENTERS: Onboard 3 new large data center loads with 99.99% reliability from day one of operation.

METRICS

Regulated Operating EPS Growth: Achieve 6.5% Y/Y
FFO to Debt: Maintain >13%
SAIDI (System Reliability): < 100 minutes

VALUES

Safety
Ethics
Excellence
Embrace Change
One Dominion Energy

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Dominion Energy Retrospective

AI-Powered Insights

Claude

Gemini

GPT

Dominion Energy Q1 2024 Earnings Report and Transcript
Dominion Energy 2024 Investor Day Presentation
Dominion Energy Official Website (Investor Relations, Leadership)
Public utility commission filings for Virginia and other states
Reputable financial news sources (e.g., Bloomberg, Reuters)

NextEra Energy Duke Energy Southern Company American Electric Power Exelon

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To deliver clean, reliable, and affordable energy by leading America's transition to a net-zero future.

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What Went Well

GUIDANCE: Maintained full-year 2024 operating earnings guidance.
CVOW: Project remains on budget and on schedule, a key investor focus.
STRATEGY: Completed strategic review with sale of gas distribution assets.
BALANCE SHEET: Strengthened financial position post-asset sales.
OPERATIONS: Solid operational performance across utility segments.

Not So Well

REGULATORY: Ongoing uncertainty in the Virginia rate case proceeding.
WEATHER: Higher than normal storm restoration costs in Q1.
LOAD: Mild weather negatively impacted electric sales volumes slightly.
INTEREST: Higher interest expense remains a headwind on earnings.
COMMODITIES: Natural gas price volatility impacts purchased power costs.

Learnings

EXECUTION: Flawless execution on CVOW is non-negotiable for credibility.
REGULATION: Proactive and transparent regulatory engagement is paramount.
COSTS: Disciplined cost control is critical in an inflationary environment.
RESILIENCE: Grid hardening investments are paying off during severe weather.
COMMUNICATION: Clear, consistent messaging on strategy is key for investors.

Action Items

RATE CASE: Drive Virginia rate case to a constructive conclusion.
CVOW: Achieve all key Q2/Q3 2024 construction milestones for CVOW.
FINANCE: Execute financing plan to fund capital investments efficiently.
EFFICIENCY: Implement O&M cost-saving initiatives across the business.
GRID: File updated grid modernization plans with state regulators.

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Organization	SWOT Analysis	OKR Plan	Top 6	Retrospective

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Dominion Energy Market

AI-Powered Insights

Claude

Gemini

GPT

Dominion Energy Q1 2024 Earnings Report and Transcript
Dominion Energy 2024 Investor Day Presentation
Dominion Energy Official Website (Investor Relations, Leadership)
Public utility commission filings for Virginia and other states
Reputable financial news sources (e.g., Bloomberg, Reuters)

Founded: 1983 (as Dominion Resources, Inc.)
Market Share: Monopoly service provider in its designated regulated territories.
Customer Base: Approximately 7 million utility and natural gas customers.
Category:
Electric Utilities
SIC Code: 4911 Electric Services
NAICS Code: 221122 Electric Power Distribution
Location: Richmond, Virginia
Zip Code: 23219
Congressional District: VA-4 RICHMOND
Employees: 17700

Competitors

NextEra Energy View Analysis

Duke Energy View Analysis

Southern Company Request Analysis

American Electric Power View Analysis

Exelon View Analysis

Products & Services

No products or services data available

Distribution Channels

Dominion Energy Business Model Analysis

AI-Powered Insights

Claude

Gemini

GPT

Dominion Energy Q1 2024 Earnings Report and Transcript
Dominion Energy 2024 Investor Day Presentation
Dominion Energy Official Website (Investor Relations, Leadership)
Public utility commission filings for Virginia and other states
Reputable financial news sources (e.g., Bloomberg, Reuters)

Problem

Aging and unreliable energy infrastructure
Need for decarbonized power generation
Growing electricity demand from data centers

Solution

Modernized, resilient smart grid
Large-scale renewable energy projects (wind/solar)
Safe, reliable nuclear and gas generation

Key Metrics

Regulated EPS Growth
System Average Interruption Duration Index (SAIDI)
O&M Cost per MWh

Unique

Largest offshore wind project in the U.S.
Pure-play regulated utility in growing states
Constructive relationships with regulators

Advantage

Exclusive service territories (monopoly)
Enormous barriers to entry (capital, regulation)
Decades of operational and engineering expertise

Channels

Direct utility grid connection
Company website and mobile app
Regulatory filings and proceedings

Customer Segments

Residential customers in service areas
Commercial clients (retail, office)
Industrial users and large data centers

Costs

Capital expenditures for generation and grid
Fuel and purchased power costs
Operations and maintenance labor

Dominion Energy Product Market Fit Analysis

Updated: October 3, 2025

Dominion Energy powers communities with reliable and affordable energy. By building the nation's largest offshore wind farm and modernizing the grid, it leads the transition to a sustainable, net-zero future. This ensures stable power for economic growth while delivering predictable returns and achieving critical climate goals, making it a cornerstone of America's clean energy infrastructure.

RELIABILITY: Keeping your lights on with a modernized, resilient grid.

SUSTAINABILITY: Leading the transition to net-zero with clean energy.

AFFORDABILITY: Ensuring stable, predictable rates through smart investment.

Before State

Unreliable power from an aging grid
High carbon footprint from fossil fuels
Limited energy choices and control

After State

Highly reliable, resilient energy delivery
Clean, sustainable power from renewables
Stable, affordable energy for communities

Negative Impacts

Costly business and residential outages
Negative environmental and climate impact
Volatile and unpredictable energy bills

Positive Outcomes

Economic growth powered by stable energy
Achieving state and national climate goals
Predictable energy costs for families

Key Metrics

Customer Retention Rates

~100% (regulated monopoly)

Net Promoter Score (NPS)

J.D. Power score of 721 (avg)

User Growth Rate

1-2% annually, tied to population growth

Customer Feedback/Reviews

Primarily via regulatory bodies

Repeat Purchase Rates

N/A (continuous utility service)

Requirements

Massive capital investment in new tech
Supportive regulatory frameworks/policy
Skilled workforce for new infrastructure

Why Dominion Energy

Build largest US offshore wind project
Modernize the grid with smart technology
Retire coal plants ahead of schedule

Dominion Energy Competitive Advantage

Scale of capital projects is a barrier
Decades of regulatory and ops expertise
Prime location for offshore wind/solar

Proof Points

CVOW project fully approved and funded
Top-quartile reliability metrics in VA
Clear path to 95% CO2 reduction by 2035

Dominion Energy Market Positioning

AI-Powered Insights

Claude

Gemini

GPT

Dominion Energy Q1 2024 Earnings Report and Transcript
Dominion Energy 2024 Investor Day Presentation
Dominion Energy Official Website (Investor Relations, Leadership)
Public utility commission filings for Virginia and other states
Reputable financial news sources (e.g., Bloomberg, Reuters)

Strategic pillars derived from our vision-focused SWOT analysis

Execute planned retirement of fossil fuels & build renewables.

Invest in infrastructure for reliability and electrification.

Proactively partner with regulators to enable growth.

Drive efficiency and safety across all operations.

What You Do

Generate and deliver reliable, affordable, and increasingly clean energy.

Target Market

Residential, commercial, and industrial customers in our service areas.

Differentiation

Leading the largest offshore wind project in the U.S.
Pure-play focus on state-regulated utility growth.
Operating in constructive regulatory environments.

Revenue Streams

Sale of regulated electricity
Sale of regulated natural gas

Dominion Energy Operations and Technology

AI-Powered Insights

Claude

Gemini

GPT

Dominion Energy Q1 2024 Earnings Report and Transcript
Dominion Energy 2024 Investor Day Presentation
Dominion Energy Official Website (Investor Relations, Leadership)
Public utility commission filings for Virginia and other states
Reputable financial news sources (e.g., Bloomberg, Reuters)

Company Operations

Organizational Structure: Functional structure organized by business segments (e.g., DE Virginia).
Supply Chain: Global procurement of turbines, panels, and grid components.
Tech Patents: Focus on operational process improvements rather than proprietary tech.
Website: https://www.dominionenergy.com/

Top Clients

Board Members

Dominion Energy Competitive Forces

Threat of New Entry

VERY LOW: Extremely high capital requirements, complex regulatory hurdles, and existing infrastructure make new market entry nearly impossible.

Supplier Power

MEDIUM-HIGH: A limited number of global suppliers for critical components like wind turbines and transformers gives them pricing leverage.

Buyer Power

LOW: Captive residential and commercial customers have no alternative for grid-supplied electricity, resulting in minimal buyer power.

Threat of Substitution

LOW-MEDIUM: Distributed generation (rooftop solar) is a slow-growing substitute, but grid dependency remains high for reliability.

Competitive Rivalry

LOW: Regulated monopoly status in service territories grants exclusive rights, minimizing direct competition for electricity delivery.

Analysis of AI Strategy

Updated: October 3, 2025 • 2025-Q4 Analysis

The Dominion Energy AI SWOT analysis highlights a significant, untapped opportunity to transform its core operations. The company's vast, proprietary grid data is a formidable, strategic asset. The immediate path to value lies in deploying AI for predictive maintenance and load forecasting, which directly enhances reliability and efficiency—key metrics for regulators and customers. However, this potential is constrained by legacy IT systems and the fierce competition for AI talent. The strategic priority must be to build a unified data backbone while simultaneously launching targeted pilot programs that demonstrate clear operational ROI. By treating AI not as a science project but as a core operational capability, Dominion can create a more resilient, efficient, and intelligent grid, securing a critical competitive advantage in the future of energy.

NextEra Energy Duke Energy Southern Company American Electric Power Exelon

No past cycles

Mission & Vision SWOT Analysis OKR Plan Retrospective AI Strategy Data Acquisition

To deliver clean, reliable, and affordable energy by leading America's transition to a net-zero future.

Strengths

DATA: Massive proprietary dataset from millions of smart meters and sensors.
ENGINEERING: In-house expertise to apply AI to complex grid operations.
ASSETS: Physical infrastructure to deploy and test AI-driven controls.
SCALE: Large service territory allows for scalable AI model deployment.
CAPITAL: Ability to fund AI initiatives as part of regulated rate base.

Weaknesses

LEGACY: Aging IT infrastructure can hinder modern AI/ML platform integration.
SILOS: Data may be siloed across different operational business units.
WORKFORCE: Need to upskill existing workforce for AI-centric operations.
CYBERSECURITY: AI systems introduce new, complex threat vectors to the grid.
REGULATION: Uncertainty on how regulators will treat AI-related investments.

Opportunities

MAINTENANCE: Use predictive AI to forecast asset failure, boosting reliability.
FORECASTING: Improve load and renewable generation forecasting for efficiency.
OPTIMIZATION: AI-driven grid optimization to reduce congestion and losses.
CUSTOMER: AI-powered chatbots and analytics to improve customer service.
SAFETY: Use computer vision AI to monitor work sites and improve safety.

Threats

TALENT: Fierce competition for top AI/ML talent from the tech industry.
BIAS: Risk of algorithmic bias in load management or credit programs.
VENDORS: Over-reliance on third-party AI vendors could create security risks.
ATTACKS: AI could be used by adversaries to launch more potent cyberattacks.
ADOPTION: Slow cultural adoption of AI tools could limit their impact.

Key Priorities

GRID: Deploy AI for predictive maintenance and load forecasting.
DATA: Unify operational data onto a modern platform for AI applications.
EFFICIENCY: Automate back-office and customer service processes with AI.
TALENT: Launch a targeted program to hire and develop internal AI expertise.

Create professional SWOT analyses in minutes with our AI template. Get insights that drive real results.

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Dominion Energy Financial Performance

AI-Powered Insights

Claude

Gemini

GPT

Dominion Energy Q1 2024 Earnings Report and Transcript
Dominion Energy 2024 Investor Day Presentation
Dominion Energy Official Website (Investor Relations, Leadership)
Public utility commission filings for Virginia and other states
Reputable financial news sources (e.g., Bloomberg, Reuters)

Profit: $1.27 Billion (FY 2023 Net Income)

Market Cap: $42.5 Billion (May 2024)

Stock Performance

Annual Report: Available on the company's investor relations website.

Debt: $45.9 Billion (Long-term debt, Q1 2024)

ROI Impact: ROI is determined by regulated rates of return set by state commissions.

SWOT Index

Composite strategic assessment with 10-year outlook

/ 100

Market Leader

ICM Index

STRATEGIC ADVISOR ASSESSMENT

Dominion scores well on its societal-level ambition and the clarity of its regulated-utility strategy. Its Iconic Index is anchored by a massive, defensible capital plan (CVOW, grid modernization) but is tempered by significant execution risk and regulatory dependencies reflected in the SWOT score. The OKRs are strong and directly address core challenges. While not a frontier-tech play, its role as a critical infrastructure provider in the energy transition solidifies its position as a durable Market Leader.

SWOT Factors

Upside: 80.0 Risk: 70.0

OKR Impact

AI Leverage

Top 3 Strategic Levers

Flawless execution of the Coastal Virginia Offshore Wind project.

Securing constructive regulatory outcomes for grid modernization.

Leveraging AI to optimize grid reliability and O&M efficiency.

AI Disclosure

This report was created using the Alignment Method—our proprietary process for guiding AI to reveal how it interprets your business and industry. These insights are for informational purposes only and do not constitute financial, legal, tax, or investment advice.

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