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Economic Moat

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Raising U.S. Electricity Demand Growth Outlook, Reaffirming Utilities Fair Value Estimates

Senior Equity Analyst Andrew Bischof

Andrew Bischof, CFA, CPA Senior Equity Analyst

Analyst Note

| Andrew Bischof, CFA, CPA | Sep 27, 2022

We are reaffirming our fair value estimates for U.S. utilities after raising our 10-year annual U.S. electricity demand growth forecast to 1.4%, up from 1.2% in our previous forecast two years ago. We also are reaffirming our economic moat and moat trend ratings for all U.S. utilities.

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Key Statistics D

Company Profile D

Business Description

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion owns a liquefied natural gas export facility in Maryland and is constructing a 5.2 GW wind farm off the Virginia Beach coast.

Contact

120 Tredegar Street
Richmond, VA, 23219

T +1 804 819-2000

Steven.D.Ridge@dominionenergy.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Jun 30, 2022

Fiscal Year End Dec 31, 2022

Employees 17,100

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