Dominion Energy Earnings Takes Nosedive

Dominion Energy reports its 2022 earnings were impacted by a $1.5 billion write-off of some assets. The Richmond Times-Dispatch reports Dominion’s overall profit for 2022 was $994 million from $3.3 billion the year before. Revenue jumped 23% to $17.2 billion. Dominion’s Virginia utility reported its operating earnings — income before interest payments and taxes — for the year rose to $2.01 billion from $1.92 billion.