Dominion Energy Completes Asset Acquisition/Disposition
Ticker: D · Form: 8-K · Filed: Mar 7, 2024 · CIK: 715957
Sentiment: neutral
Topics: acquisition, disposition, assets
TL;DR
Dominion Energy just closed a deal on assets. Details in the 8-K.
AI Summary
On March 6, 2024, Dominion Energy, Inc. filed an 8-K report detailing the completion of an acquisition or disposition of assets. The filing indicates the company's principal executive offices are located at 120 Tredegar Street, Richmond, Virginia, 23219, with a phone number of (804) 819-2284.
Why It Matters
This filing signals a significant change in Dominion Energy's asset portfolio, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Asset acquisitions or dispositions can carry significant financial and operational risks, depending on the nature and scale of the transaction.
Key Numbers
- 001-08489 — Commission File Number (Identifies Dominion Energy's filing with the SEC)
- 54-1229715 — IRS Employer Identification No. (Tax identification number for Dominion Energy)
Key Players & Entities
- Dominion Energy, Inc. (company) — Filer of the 8-K report
- 120 Tredegar Street, Richmond, Virginia, 23219 (location) — Principal executive offices of Dominion Energy
- March 6, 2024 (date) — Date of the earliest event reported in the 8-K
FAQ
What specific assets were acquired or disposed of by Dominion Energy?
The filing does not specify the exact assets involved in the acquisition or disposition, only that the event has been completed.
What was the financial value of the asset transaction?
The filing does not disclose the financial value of the completed asset acquisition or disposition.
When did the asset acquisition or disposition officially close?
The report indicates the earliest event reported was on March 6, 2024, suggesting the transaction was completed on or around this date.
Are there any material changes to Dominion Energy's business operations expected as a result of this transaction?
The filing does not provide details on the expected impact on business operations, only that the transaction is complete.
Does this transaction involve any subsidiaries or specific business segments of Dominion Energy?
The filing does not specify which parts of Dominion Energy were involved in the asset acquisition or disposition.
Filing Stats: 749 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2024-03-07 07:42:00
Key Financial Figures
- $4.3 billion — ed total consideration of approximately $4.3 billion in cash, subject to post-closing adjust
- $2.3 billion — ssumption by Purchaser of approximately $2.3 billion of related long-term debt, totaling a v
- $6.6 billion — ted long-term debt, totaling a value of $6.6 billion for the Transaction. East Ohio includ
Filing Documents
- d762900d8k.htm (8-K) — 26KB
- 0001193125-24-061495.txt ( ) — 142KB
- d-20240306.xsd (EX-101.SCH) — 3KB
- d-20240306_lab.xml (EX-101.LAB) — 17KB
- d-20240306_pre.xml (EX-101.PRE) — 11KB
- d762900d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (b) Pro forma financial information Pro forma financial information with respect to the Transaction is not required to be filed with this Current Report on Form 8-K because Dominion Energy has previously reported the results of the disposed business as discontinued operations in its Annual Report on Form 10-K for the year ended December 31, 2023. (d) Exhibits 2.1 Purchase and Sale Agreement, dated as of September 5, 2023, by and between Dominion Energy, Inc. and Enbridge Elephant Holdings, LLC (Exhibit 2.1, Form 8-K filed September 5, 2023, File No. 001-08489, incorporated by reference). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DOMINION ENERGY, INC. Registrant /s/ Steven D. Ridge Name: Steven D. Ridge Title: Executive Vice President and Chief Financial Officer Date: March 7, 2024