The Southeast’s traditionally risk-averse vertically integrated utilities are now embracing the clean energy transition, driven by economic development in the form of new industry and data centers.

Dominion Energy reported net income of $953 million in the third quarter this year, as it continued to see load growth from data centers, progress on its offshore wind project, and infrastructure damage from Hurricane Helene.

FERC approved a complaint from Old Dominion Electric Cooperative over mischarges from FirstEnergy, ordering the utility to start paying back the co-op after they were in a dispute over how that should happen.

The dispute between Exelon and Constellation Energy continued to play out in FERC, as the latter and others protested a series of filings from the former’s utilities seeking to implement new rules for co-locating data centers at power plants in their territories

FERC dismissed a complaint the Virginia Municipal Electric Association filed against Dominion Energy’s Virginia Electric Power Co. alleging the utility overcharged its members $2.8 million.

The fate of two coal plants owned by AEP’s Appalachian Power is generating debate in a proceeding to approve the utility’s renewable portfolio standard plan at the Virginia State Corporation Commission.

Dominion earned $572 million in the second quarter of 2024 and logged six new peak demand records in July on the back of Virginia’s continued electricity consumption growth.

Dominion Energy Virginia issued a request for proposals from developers to build a small modular reactor at its existing North Anna nuclear plant.