---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-244184"
form_type: "8-K"
ticker: "D"
cik: "0000715957"
company_name: "DOMINION ENERGY, INC"
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:13:15.074670+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Dominion closes $2.6B offshore wind JV with Stonepeak; controls CVOW project

## Summary
- Virginia Power contributed CVOW assets to OSW LLC; Stonepeak affiliate invested ~$2.6B for 50% stake.
- Mandatory future capital contributions up to $11.3B total; Virginia Power controls OSW through majority board.
- If costs exceed $11.3B (up to $13.7B), Stonepeak may contribute; Virginia Power contributes 67-83% of excess.
- Virginia Power receives up to $100M of initial withholding if costs under $9.8B; none if over $11.3B.
- Virginia Power retains full control as project manager under separate project management agreement.

## SEC filing metadata
- accession: 0001193125-24-244184
- form_type: 8-K
- ticker: D
- cik: 0000715957
- company_name: DOMINION ENERGY, INC
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715957/000119312524244184/0001193125-24-244184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715957/000119312524244184/d846068d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-244184
- JSON: https://secwatch.observer/filing/0001193125-24-244184.json
- Plain text: https://secwatch.observer/filing/0001193125-24-244184.txt

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