Dominion Energy Inc

Dominion Energy operates two major nuclear power plants, North Anna and Surry, in Virginia, generating about 3,500 megawatts combined—roughly 40% of the state's electricity. These facilities anchor Dominion's position in the nuclear renaissance, providing reliable, low-carbon baseload power amid rising demand from data centers and AI infrastructure. As a regulated utility, Dominion leverages its nuclear assets to meet Virginia's clean energy mandates, including a 100% carbon-free electricity goal by 2045, while pursuing license extensions to sustain output through 2050s. This positions the company as a stable player in the shift toward nuclear-supported grids, balancing renewables with dispatchable nuclear capacity.

In the past 12 months, Dominion completed a $1.4 billion small modular reactor study with Virginia Tech, advanced North Anna's uprate for 100 megawatts more capacity, and secured federal grants for Surry's long-term operations. It also integrated nuclear into its 2024-2033 integrated resource plan, adding 4 gigawatts of data center load. Key risks include escalating uranium fuel costs up 50% since 2023, regulatory delays on license renewals amid NRC backlogs, and exposure to Virginia's competitive data center market, where delays could strain finances amid $40 billion in planned grid investments.

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