Investor Presentaiton
Overview of selected Virginia legislation
Biennial review summary
First biennial
Initial filing
Final order
Investment under review
Years reviewed
Authorized return
Equity ratio
Collar
Earnings sharing
Earnings sharing cap
July 2023
~March 2024
2021-2022
9.35%
End of year
0.70%
Second biennial
March 2025
Late 2025
Third biennial
"Base" only - Rider investment outside scope
15% to shareholders
None
2023-2024
9.70%
52.1%²
None
15% to shareholders
1.5% above ROE
March 2027
Late 2027
2025 2026
(To be set during B2)
End of year
None
15% to shareholders
1.5% above ROE
2028 - 2029
Forward test years
Performance-based adjustment¹
2024 2025
2026 - 2027
+/- 0.50%
+/- 0.50%
Dominion 1 The Commission will have discretion to adjust Dominion Energy's authorized return upward/downward by up to 0.50%, based on criteria such as reliability, generating plant
Energy®
performance and customer service beginning in 2025 or 2027 biennial 2Through year-end 2024, DEV will be directed to undertake reasonable efforts to maintain a common equity
capitalization to total capitalization ratio of 52.1%
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