Northern Virginia data centers now consume 18 percent of the state's total electricity and are growing at 15 percent annually — five times the national average utility load growth. Dominion Energy is the regulated utility that serves that territory. The company cannot easily turn away load; its regulatory obligation is to serve all customers within its territory reliably. The result is that Dominion must build enough generation and transmission capacity to serve data center growth that it neither controls nor can predict with precision. Headquartered in Richmond, Virginia, Dominion Energy generated $26.8 billion in FY2024 revenue and serves 8.4 million electric customers and 1.7 million gas customers across North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky in addition to Virginia. The company's five nuclear units at Surry and North Anna generate zero-marginal-cost baseload power, allowing Dominion to consistently clear at the marginal price set by natural gas peakers in the PJM Interconnection — producing $850 million in annual wholesale revenue at 65 percent gross margins. CEO Robert M. Blue oversees a $33 billion five-year capital expenditure plan anchored by the Virginia Clean Economy Act's renewable energy mandates and offshore wind development. Virginia's Rider R and Rider S cost recovery mechanisms allow Dominion to invest in those mandated projects and recover costs through rate increases without waiting for general rate cases — a regulatory structure that provides earnings visibility unavailable to utilities in less favorable jurisdictions. The September 2022 sale of 13,000 megawatts of unregulated renewable assets to Blackstone Infrastructure for $11.5 billion was the pivotal financial transaction of the past five years. It eliminated commodity price risk, reduced gross debt to $28.1 billion, and focused Dominion entirely on the regulated utility model where returns are predictable if politically variable.