Dominion Energy said it entered into ten separate sales agency agreements with financial institutions on May 3, 2024. The agreements establish an at-the-market program under which the company may issue and sell common stock from time to time through the sales agents.

1. 01

   Dominion Energy said it entered into ten separate sales agency agreements with financial institutions on May 3, 2024. The agreements establish an at-the-market program under which the company may issue and sell common stock from time to time through the sales agents.

2. 02

   The company said the aggregate offering amount of common stock sold under the at-the-market program through the agents or forward sellers cannot exceed $1,800,000,000. The shares are offered under the Form S-3 registration statement (File No. 333-269879).

3. 03

   The company said it may enter into separate forward sale agreements with the forward purchasers. In that case, the forward purchaser borrows shares from third parties and sells them through the forward seller to hedge its exposure under the forward sale agreement.

4. 04

   The company said it will not initially receive proceeds from the forward seller's sale of borrowed shares, and will receive them at the future physical settlement of the forward sale agreement. The company said it expects to settle with full physical settlement, but it may elect cash or net share settlement, except in limited circumstances.

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