Dominion Energy is a regulated electric and natural gas utility serving customers primarily in Virginia, South Carolina and parts of the mid-Atlantic, generating and delivering power under rates set by state utility regulators. As a regulated utility, Dominion's earnings are tied to a rate of return approved by regulators on the capital it invests in power plants, transmission lines and grid infrastructure, providing steady, predictable earnings in exchange for accepting limits on what it can charge customers. The company has been investing heavily in offshore wind development off the Virginia coast, one of the largest offshore wind projects underway in the United States, alongside more traditional grid modernization spending. Virginia's status as one of the largest data center markets in the country has made rising electricity demand from data centers an increasingly significant growth driver for Dominion's service territory.