Nat Gas Allows the Grid to Keep Running: Dominion Energy CEO

Dominion Energy, led by CEO Robert Blue, is investing $72 billion over 15 years to transition to renewable energy. The company has significantly reduced its reliance on coal and is focusing on wind and solar projects. Despite challenges like cost increases and criticism from environmental groups, Dominion is leveraging natural gas to maintain grid reliability during the transition. Future projects include a large offshore wind farm and potential innovations in carbon capture and nuclear energy.

What is one of the main challenges faced by regulated utilities like Dominion Energy in their green transition?

• High costs of renewable energy projects

• Lack of government support

• Inability to set their own rates

• Shortage of skilled labor

By 2035, what percentage of Dominion Energy's power is expected to come from coal?

• 1%

• 10%

• 35%

• 50%

What is the expected power generation capacity of Dominion's offshore wind farm project?

• 1.5 gigawatts

• 2.6 gigawatts

• 6.2 gigawatts

• 10 gigawatts

Why is natural gas considered important in Dominion Energy's transition to renewables?

• It is a renewable energy source

• It provides backup when renewables are not generating power

• It has no environmental impact

• It is cheaper than coal

What is the projected average annual increase in electric bills for consumers over the next 15 years?

• 1%

• 2%

• 3%

• 4%

What technological improvement is highlighted in Dominion's new wind turbines?

• Lower maintenance costs

• Higher electricity generation capacity

• Increased lifespan

• Smaller size

What future energy source is Dominion Energy exploring that involves capturing methane?

• Hydrogen fuel cells

• Geothermal energy

• Renewable natural gas

• Solar thermal energy