---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-042119"
form_type: "8-K"
ticker: "D"
cik: "0000715957"
company_name: "DOMINION ENERGY, INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:18:24.123893+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dominion sells 50% of CVOW offshore wind to Stonepeak for ~$3B, retains control

## Summary
- Stonepeak invests ~$3B for 50% noncontrolling interest in 2.6-GW CVOW; Dominion retains full operational control.
- Proceeds used to reduce parent-level debt; expected to improve 2024 consolidated FFO-to-debt ratio by ~1%.
- Cost-sharing: each funds 50% of remaining construction up to $11.3B total; Stonepeak optional beyond up to $13.7B.
- If final costs under $9.8B, Dominion receives $100M of $145M withholding; if over $11.3B, none retained.
- CVOW on schedule for late 2026, 176 turbines, 113k-acre lease area; regulatory approvals expected by end of 2024.

## SEC filing metadata
- accession: 0001193125-24-042119
- form_type: 8-K
- ticker: D
- cik: 0000715957
- company_name: DOMINION ENERGY, INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715957/000119312524042119/0001193125-24-042119-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715957/000119312524042119/d756246d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-042119
- JSON: https://secwatch.observer/filing/0001193125-24-042119.json
- Plain text: https://secwatch.observer/filing/0001193125-24-042119.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.