Dominion Energy, Virginia’s primary electric utility, has reported that it has 54.9GW of data center capacity in various stages of contracting, a 13 percent increase from the end of last year.
The company revealed the numbers in its Q3 earnings report, stating that 12GW of that capacity was already contracted and signed up to electrical service agreements.
“We now have more than 54GW of data center capacity in various stages of contracting, including more than 12GW of capacity contracted under electric service agreements. To put that in context, we have added more than 6GW of contracts, or 13 percent, since the end of last year,” said Steven Ridge, EVP and CFO at Dominion during the call.
The increase is a slight uptick from last quarter, when the company said it had added more than 5GW of contracted data center load in its pipeline compared to the end of last year.
The sustained interest saw the company’s net income rise 15 percent year on year, which included a $137 million increase associated with the rate increase its subsidiary Virginia utility received in 2025.
In addition, the utility reported progress on its up to 2.6GW Coastal Virginia Offshore Wind project. The utility said it has installed 44 of 176 turbines at the site, representing about 640MW of generation capacity. CEO Bob Blue said that turbine installation “continues to average approximately two days,” with the project approximately 85 percent complete. The project is expected to be completed by the end of 2027.
The utility also gave an update on the status of its merger with NextEra Energy, which is currently proceeding through regulatory approvals. On the call, Blue said that he is “looking forward” to the Virginia State Corporation Commission’s first evidentiary hearing on the merger, which is scheduled to happen later this month.
The merger has faced widespread political, regulatory, and industry opposition, with Virginia governor Abigail Spanberger expressing deep skepticism and conditioning her approval on strict demands, including a six-year freeze on residential base electric rates, tripling monthly customer bill credits to $29, and stronger commitments to clean energy and workforce protections.
Despite the pushback, the company remains confident that the merger will go ahead. “We’re going to continue to present what we think is a very strong package through that regulatory process,” Blue said.
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