Dominion Energy targets 5-7% EPS growth with $64.7B capital plan and offshore wind project powering future gains

Dominion Energy, a regulated utility in Virginia and South Carolina, aims for stable returns with 5-7% annual EPS growth. The company benefits from higher PJM electricity prices and growing AI/data center demand, adding variability to revenues. Its $64.7 billion capital plan through 2030 focuses on grid and gas infrastructure, supporting clear rate base and rate growth. A key growth driver is the $11.5 billion Coastal Virginia Offshore Wind project, expected to deliver power starting Q1 2026. Dominion will report earnings on May 1, with the stock currently attractive on valuation and dividend grounds.