Dominion Energy Files 8-K on Asset Deal
Ticker: D · Form: 8-K · Filed: Jun 3, 2024 · CIK: 715957
Sentiment: neutral
Topics: material-definitive-agreement, acquisition-disposition, financial-statements
Related Tickers: D
TL;DR
Dominion Energy filed an 8-K on May 30th regarding a material asset deal.
AI Summary
On May 30, 2024, Dominion Energy, Inc. entered into a material definitive agreement related to the completion of an acquisition or disposition of assets. The filing includes financial statements and exhibits pertaining to this transaction. Specific details regarding the nature of the agreement, the assets involved, and the financial implications were not fully disclosed in the provided text.
Why It Matters
This filing indicates a significant corporate action by Dominion Energy, potentially involving the sale or acquisition of assets, which could impact its business structure and financial performance.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and completion of an acquisition or disposition of assets, which inherently carries business and financial risks.
Key Numbers
- 001-08489 — Commission File Number (SEC file number for Dominion Energy, Inc.)
- 54-1229715 — IRS Employer Identification No. (Tax identification number for Dominion Energy, Inc.)
Key Players & Entities
- Dominion Energy, Inc. (company) — Registrant
- May 30, 2024 (date) — Date of earliest event reported
- Virginia (location) — State of incorporation
- 120 Tredegar Street Richmond (location) — Address of Principal Executive Offices
FAQ
What specific assets were involved in the acquisition or disposition?
The provided text does not specify the exact assets involved in the acquisition or disposition.
What is the financial value of the transaction?
The filing mentions a material definitive agreement and completion of an asset transaction, but the financial value is not stated in the provided text.
Who is the counterparty in this material definitive agreement?
The name of the other party involved in the agreement is not disclosed in the provided text.
What is the effective date of the completion of the acquisition or disposition?
The earliest event reported is May 30, 2024, which is also the date as of which the change is reported.
What type of financial statements and exhibits are included with this filing?
The filing states that financial statements and exhibits are included, but their specific nature is not detailed in the provided text.
Filing Stats: 820 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-06-03 16:15:31
Key Financial Figures
- $3.0 billion — idge paid Dominion Energy approximately $3.0 billion in cash and assumed approximately $1.3
- $1.3 billion — llion in cash and assumed approximately $1.3 billion of indebtedness. Questar Gas is a publi
Filing Documents
- d838122d8k.htm (8-K) — 27KB
- d838122dex101.htm (EX-10.1) — 799KB
- 0001193125-24-153033.txt ( ) — 1092KB
- d-20240530.xsd (EX-101.SCH) — 3KB
- d-20240530_lab.xml (EX-101.LAB) — 17KB
- d-20240530_pre.xml (EX-101.PRE) — 11KB
- d838122d8k_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 described in Item 2.01 above is not required to be filed with this Current Report on Form 8-K because Dominion Energy 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 Quail Holdings, LLC (incorporated by reference to Exhibit 2.1 to Dominion Energy's Form 8-K filed September 5, 2023, File No. 001-08489). 10.1 Second Amendment, dated as of May 30, 2024, to the Fifth Amended and Restated Revolving Credit Agreement, dated as of June 9, 2021, among Dominion Energy, Inc., Virginia Electric and Power Company, Questar Gas Company, Dominion Energy South Carolina, Inc., JPMorgan Chase Bank, N.A., as Administrative Agent, and the other agents and lenders party thereto (filed herewith). 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: June 3, 2024