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Active-Investors: Wired News - Dominion Energy Connects Additional 81 MW of Solar Power to South Carolina's Electric Supply

LONDON, UK / ACCESSWIRE / January 03, 2018 / Active-Investors.com has just released a free research report on Dominion Energy Inc. (NYSE: D). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=D as the Company's latest news hit the wire. On December 29, 2017, the Company announced that it has successfully connected power generated from two of its solar energy projects in South Carolina to the electricity grid of South Carolina Electric & Gas (SCE&G). SCE&G is a regulated public utility offering electricity and natural gas across central, southern and western South Carolina. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Dominion Energy most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/'symbol=D

Details of the Solar Power Supply

The solar power generated from the Company's 71.4 megawatts (MW) Solvay Solar Energy, Jasper County facility located near Ridgeland in South Carolina was connected to SCE&G's main grid on December 21, 2017. The Company is already supplying solar power generated from the Company's 10 MW Ridgeland Solar project to the grid since May 28, 2017.

Dominion Energy and SCE&G have a long-term power purchase agreement (PPA) as well as an agreement for renewable energy credits (RECs). However, Solvay, an international multi-specialty chemical Company, is purchasing all the associated RECs from the Solvay Solar Energy, Jasper County facility for the next 15 years.

According to the Company, the two solar power projects led to the creation of approximately 200 temporary construction jobs. Till date, Dominion Energy has invested over $900 million in developing solar power projects which together contribute 466MW of power. This power is catering to the energy needs of approximately 120,000 homes and businesses across California, North Carolina, South Carolina, and Virginia.

Commenting on the matter, Paul D. Koonce, President and CEO - Power Generation Group of Dominion Energy, said:

"Dominion Energy is pleased to bring this additional clean, solar energy to South Carolina. We are happy to provide South Carolina Electric & Gas additional renewable resources and help an excellent corporate citizen in Solvay reduce its carbon intensity."

About Dominion Energy Inc.

Richmond, Virginia-based Dominion Energy is one of the largest producers and transporters of energy in the US. The Company's portfolio consists of approximately 25,600 megawatts of generation, 15,000 miles of natural gas transmission, gathering and storage pipeline, and 6,600 miles of electric transmission lines. It also operates one of the nation's largest natural gas storage systems with 1 trillion cubic feet of storage capacity and serves more than 6 million utility and retail energy customers. The Company has an employee strength of over 16,200 people.

About South Carolina Electric & Gas

SCE&G is a subsidiary of SCANA Corp. and a regulated public utility. It is engaged in the business of generation, transmission, distribution and sale of electricity in South Carolina. It has over 717,000 customers in 24 counties in the central, southern, and southwestern portions of South Carolina. SCE&G also provides natural gas service to approximately 362,000 customers in 35 counties in the state. On December 05, 2017, the utility achieved production target of 42 MW of utility-scale solar power ahead of its 2020 deadline. The utility-scale solar target was set by the South Carolina Distributed Resource Program Act, or Act 236.

Stock Performance Snapshot

January 02, 2018 - At Tuesday's closing bell, Dominion Energy's stock marginally declined 0.96%, ending the trading session at $80.28.

Volume traded for the day: 2.16 million shares, which was above the 3-month average volume of 2.15 million shares.

Stock performance in the last three-month - up 4.61%; previous six-month period - up 5.49%; and past twelve-month period - up 4.82%

After yesterday's close, Dominion Energy's market cap was at $51.67 billion.

Price to Earnings (P/E) ratio was at 23.67.

The stock has a dividend yield of 3.84%.

The stock is part of the Utilities sector, categorized under the Electric Utilities industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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SOURCE: Active-Investors

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