Dominion Energy Inc

Dominion Energy owns and operates the North Anna and Surry nuclear stations in Virginia, supplying roughly 3.3 GW of carbon-free baseload power to the PJM market and meeting about 30 percent of the state’s electricity demand. Its two units at North Anna are designated for potential 80-year license extensions and are central to Virginia’s 2045 zero-carbon target, positioning the utility as a key supplier of firm, dispatchable clean power amid rising data-center loads.

In the past year Dominion filed a rate case seeking $1.5 billion in grid upgrades tied to nuclear reliability and signed a memorandum with Amazon to explore co-located small modular reactors at North Anna. Key risks include Virginia State Corporation Commission rejection of cost recovery, NRC delays on subsequent license renewal, and exposure to natural-gas price swings that could undercut nuclear economics if renewables-plus-storage costs fall faster than expected.

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