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Dominion Energy logoDominion Energy D

Dominion Energy said on December 22, 2025 that BOEM issued a Director's Order, effective immediately, to OSW Project LLC to suspend all ongoing activities related to the Coastal Virginia Offshore Wind (CVOW) project for 90 days.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Dominion Energy said on December 22, 2025 that BOEM issued a Director's Order, effective immediately, to OSW Project LLC to suspend all ongoing activities related to the Coastal Virginia Offshore Wind (CVOW) project for 90 days.

  2. The company said its subsidiary Virginia Electric and Power Company holds 50% of the membership interests of OSW Project LLC, the entity subject to the suspension order.

  3. Dominion Energy argued in a press release that CVOW is essential for American national security and meeting Virginia's rapidly growing energy needs, and that suspending it for any length of time will threaten grid reliability for some critical facilities and affect thousands of jobs.

  4. The company said CVOW is located 27 to 44 miles offshore, its 2 pilot turbines have been operating for 5 years, and the project is expected to generate 2,600 megawatts within months. It added that the project underwent a cost-benefit review by Virginia state regulators in 2022.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

BOEM Issues 90-Day Work Suspension Order for CVOW Project

Dominion Energy said on December 22, 2025 that BOEM issued a Director's Order, effective immediately, to OSW Project LLC to suspend all ongoing activities related to the Coastal Virginia Offshore Wind (CVOW) project for 90 days.

Source · Based on the filing body and exhibits

Subsidiary Holds 50% Membership Interest in OSW Project LLC

The company said its subsidiary Virginia Electric and Power Company holds 50% of the membership interests of OSW Project LLC, the entity subject to the suspension order.

Source · Based on the filing body and exhibits

Company States Position on Power Demand and Grid Reliability

Dominion Energy argued in a press release that CVOW is essential for American national security and meeting Virginia's rapidly growing energy needs, and that suspending it for any length of time will threaten grid reliability for some critical facilities and affect thousands of jobs.

Source · Based on the filing body and exhibits

Company Outlines CVOW Progress and Scale

The company said CVOW is located 27 to 44 miles offshore, its 2 pilot turbines have been operating for 5 years, and the project is expected to generate 2,600 megawatts within months. It added that the project underwent a cost-benefit review by Virginia state regulators in 2022.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.