On the Record · Dominion Energy

Dominion Energy acquisitions, on the record

The businesses Dominion Energy bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
East Ohio Word for word“In September 2023, Dominion Energy entered into an agreement for the East Ohio Transaction with Enbridge for $4.3 billion in cash consideration and the assumption by Enbridge of approximately $2.3 billion of related long-term debt.” 10-K for 2023	agreed divestiture	In September 2023	$4.3 billion in cash consideration and the assumption by Enbridge of approximately $2.3 billion of related long-term debt
Q-Pipe Group to Southwest Gas Word for word“In December 2021, Dominion Energy completed the sale of the Q-Pipe Group to Southwest Gas for approximately $1.5 billion in cash proceeds and the assumption by Southwest Gas of $430 million of related long-term debt.” 10-K for 2023	divestiture	In December 2021	approximately $1.5 billion in cash proceeds and the assumption by Southwest Gas of $430 million of related long-term debt
Cove Point 50% noncontrolling limited partnership interest to BHE Word for word“In September 2023, Dominion Energy completed the sale of its 50% noncontrolling limited partnership interest in Cove Point to BHE for approximately $3.3 billion in cash proceeds.” 10-K for 2023	divestiture	In September 2023	approximately $3.3 billion in cash proceeds
SBL Holdco to Terra Nova Renewable Partners Word for word“In 2021, Dominion Energy completed the sale of SBL Holdco, which held Dominion Energy’s remaining 67% controlling interest in certain nonregulated solar projects, to Terra Nova Renewable Partners for cash proceeds of $209 million and the assumption by Terra Nova Renewable Partners of $265 million of related long-term debt.” 10-K for 2023	divestiture	In 2021	cash proceeds of $209 million and the assumption by Terra Nova Renewable Partners of $265 million of related long-term debt
remaining 50% controlling interest in Four Brothers and Three Cedars to Clearway Word for word“In 2021, Dominion Energy completed the sale of its remaining 50% controlling interest in Four Brothers and Three Cedars to Clearway for cash proceeds of $331 million.” 10-K for 2023	divestiture	In 2021	cash proceeds of $331 million
Questar Gas Transaction and Wexpro to Enbridge Word for word“The proposed sale by Dominion Energy to Enbridge of all of its membership interests in Fall West Holdco LLC and its consolidated subsidiaries, which following a proposed reorganization will include Questar Gas, Wexpro, Wexpro II Company, Wexpro Development Company, Dominion Energy Wexpro Services Company, Questar InfoComm Inc. and Dominion Gas Projects Company, LLC, pursuant to a purchase and sale agreement entered into on September 5, 2023.” 10-K for 2023	agreed divestiture	September 5, 2023	—
PSNC Transaction (Fall North Carolina Holdco LLC, including PSNC) Word for word“The proposed sale by Dominion Energy to Enbridge of all of its membership interests in Fall North Carolina Holdco LLC and its consolidated subsidiaries, which following a proposed reorganization will include PSNC, pursuant to a purchase and sale agreement entered into on September 5, 2023.” 10-K for 2023	agreed divestiture	September 5, 2023	—
Kewaunee Word for word“The absence of a $44 million charge related to a revision in estimated recovery of spent nuclear fuel costs associated with the decommissioning of Kewaunee; and” 10-K for 2023	divestiture	—	—
Questar Gas Word for word“The sale by Dominion Energy to Enbridge of all of its membership interests in Fall West Holdco LLC and its consolidated subsidiaries, which following a reorganization included Questar Gas, Wexpro, Wexpro II Company, Wexpro Development Company, Dominion Energy Wexpro Services Company, Questar InfoComm Inc. and Dominion Gas Projects Company, LLC, pursuant to a purchase and sale agreement entered into on September 5, 2023, which was completed on May 31, 2024” 10-K for 2024	divestiture	completed on May 31, 2024	—
Public Service Company of North Carolina, Incorporated (PSNC) Word for word“The sale by Dominion Energy to Enbridge of all of its membership interests in Fall North Carolina Holdco LLC and its consolidated subsidiaries, which following a reorganization included PSNC, pursuant to a purchase and sale agreement entered into on September 5, 2023, which was completed on September 30, 2024” 10-K for 2024	divestiture	completed on September 30, 2024	—
noncontrolling limited partnership interest in Cove Point Word for word“In September 2023, Dominion Energy completed the sale of its 50% noncontrolling limited partnership interest in Cove Point to BHE for approximately $3.3 billion in cash proceeds.” 10-K for 2024	divestiture	In September 2023	approximately $3.3 billion in cash proceeds
Acquisition of offshore wind project lease and associated project assets (approximately 40,000-acre area lease off North Carolina) Word for word“In October 2024, Virginia Power completed the acquisition of an approximately 40,000-acre area lease 27 miles off the coast of North Carolina in federal waters and associated project assets in the early stages of development for approximately $160 million.” 10-K for 2024	acquisition	In October 2024	approximately $160 million
Foxhound solar project (Virginia) Word for word“Foxhound March 2023 February 2024 Virginia 195 April 2024 (4) 83 (1) Includes acquisition costs.” 10-K for 2024	acquisition	February 2024	195
Atlanta Farms solar project (Ohio) Word for word“Atlanta Farms March 2022 May 2022 Ohio 390 January 2025 (4) 200 Foxhound March 2023 February 2024 Virginia 195 April 2024 (4) 83 (1) Includes acquisition costs.” 10-K for 2024	acquisition	May 2022	390
Madison solar project Word for word“(2) Madison was reflected in the Corporate and Other segment before its sale 2024.” 10-K for 2024	agreed divestiture	2024	—
50% noncontrolling limited partnership interest in Cove Point Word for word“In September 2023, Dominion Energy completed the sale of its 50% noncontrolling limited partnership interest in Cove Point to BHE for approximately $3.3 billion in cash proceeds.” 10-K for 2025	divestiture	September 2023	approximately $3.3 billion in cash proceeds
approximately 40,000-acre offshore wind area lease off the coast of North Carolina and associated project assets Word for word“In October 2024, Virginia Power completed the acquisition of an approximately 40,000-acre area lease 27 miles off the coast of North Carolina in federal waters and associated project assets in the early stages of development for approximately $160 million.” 10-K for 2025	acquisition	October 2024	approximately $160 million
nonregulated solar project in Virginia Word for word“In 2023, Dominion Energy entered into an agreement to acquire a nonregulated solar project in Virginia and completed the acquisition in 2024.” 10-K for 2025	acquisition	2024	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$0	—
2017-12-31	—	$6 million
2019-12-31	—	$2.61 billion

Deal filings since 2016

2026-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2026-04-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-04-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-10-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-10-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-06-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-06-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-03-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2024-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-10-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-07-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-06-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-04-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-11-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Dominion Energy’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.