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Dominion Energy (D) · 23 slides · Filed Oct 30, 2026
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Slide 1 — Q3 2026 earnings call
Q3 2026 earnings call October 30, 2026
Slide 2 — Important note for investors
Important note for investors 2 This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the business and operations of Dominion Energy. We have used the words “path”, "anticipate", "believe", “forecast”, "could", "estimate", "expect", "intend", "may", "plan", “outlook”, "predict", "project", “should”, “strategy”, “continue”, “target”, "will“, “potential” and similar terms and phrases to identify forward-looking statements in this presentation. Such forward-looking statements, including operating earnings per share information and guidance, projected dividends, projected debt and equity issuances, projected cash flow, capital expenditures, operating expenses and debt information, shareholder return, and long-term growth or value, are subject to various risks and uncertainties. As outlined in our SEC filings, factors that could cause actual results to differ include, but are not limited to: risks and uncertainties that may impact the ability of the parties to complete the proposed merger with NextEra Energy at all, or within the anticipated terms and time frames, including the ability to obtain the requisite approvals and terms and conditions of such approvals and other events or changes in circumstances that could give rise to the termination of the merger agreement; the impact of the proposed merger with NextEra Energy and any related uncertainties and disruptions on Dominion Energy’s business; unusual weather conditions and their effect on energy sales to customers and energy commodity prices; extreme weather events and other natural disasters; extraordinary external events, such as the pandemic health event resulting from COVID-19; federal, state and local legislative and regulatory developments; changes in or interpretations of federal and state tax laws and regulations; changes to regulated rates collected by Dominion Energy; changes in rules for RTOs and ISOs in which Dominion Energy joins and/or participates; risks associated with entities in which Dominion Energy shares ownership with third parties, such as a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) Commercial Project, including risks that result from lack of sole decision making authority, disputes that may arise between Dominion Energy and third-party participants and difficulties in exiting these arrangements; timing and receipt of regulatory approvals necessary for planned construction or expansion projects and compliance with conditions associated with such regulatory approvals; the inability to complete planned construction projects within time frames initially anticipated; risks and uncertainties that may impact the ability to construct the CVOW Commercial Project within the currently proposed timeline, or at all, and consistent with current cost estimates along with the ability to recover such costs from customers; risks and uncertainties associated with the timely receipt of future capital contributions, including optional capital contributions, if any, from the noncontrolling financing partner associated with the construction of the CVOW Commercial Project; changes to federal, state, and local environmental laws and regulations, including those related to climate change; cost of environmental strategy and compliance, including cost related to climate change; changes in implementation and enforcement practices of regulators relating to environmental standards and litigation exposure for remedial activities; unplanned outages at facilities in which Dominion Energy has an ownership interest; risks associated with the operation of nuclear facilities; changes in operating, maintenance or construction costs; the availability of nuclear fuel, natural gas, purchased power or other materials utilized by Dominion Energy to provide electric generation, transmission and distribution and/or gas distribution services; additional competition in Dominion Energy’s industries; changes in technology; changes in demand for Dominion Energy’s services; risks and uncertainties associated with increased energy demand or significant accelerated growth in demand due to new data centers, including the concentration of data centers primarily in Loudoun County, Va., and the ability to obtain regulatory approvals, environmental and other permits to construct new facilities in a timely manner; the technological and economic feasibility of large-scale battery storage, carbon capture and storage, small modular reactors, hydrogen and/or other clean energy technologies; receipt of approvals for, and timing of, closing dates for acquisitions and divestitures; impacts of acquisitions, divestitures, transfers of assets by Dominion Energy to joint ventures, or retirements of assets based on asset portfolio reviews; adverse outcomes in litigation matters or regulatory proceedings; counterparty credit and performance risk; fluctuations in energy-related commodity prices; fluctuations in interest rates; changes in rating agency requirements or credit ratings and their effect on availability and cost of capital; and capital market conditions, including the availability of credit and the ability to obtain financing on reasonable terms; and political and economic conditions, including tariffs, inflation and deflation. Other risk factors are detailed from time to time in Dominion Energy’s quarterly reports on Form 10-Q and most recent annual report on Form 10-K filed with the U.S. Securities and Exchange Commission. The information in this presentation was prepared as of October 30, 2026. Dominion Energy undertakes no obligation to update any forward-looking information statement to reflect developments after the statement is made. Projections or forecasts shown in this document are based on the assumptions listed in this document and are subject to change at any time. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers to sell or solicitations of offers to buy securities will be made in accordance with the requirements of the Securities Act of 1933, as amended. This presentation has been prepared primarily for security analysts and investors in the hope that it will serve as a convenient and useful reference document. The format of this document may change in the future as we continue to try to meet the needs of security analysts and investors. This document is not intended for use in connection with any sale, offer to sell or solicitation of any offer to buy securities. This presentation includes certain financial measures that have not been prepared in accordance with U.S. generally accepted accounting principles (GAAP). A listing of such non-GAAP measures with their GAAP equivalents are as follows: Operating earnings per share (non-GAAP) which has a GAAP equivalent of reported net income per share. Reconciliations of such non-GAAP measures to their GAAP equivalents have been made available to the extent possible in the Third Quarter 2026 Earnings Release Kit on our investor relations website. With regards to projections, estimates or guidance included in this presentation related to such non-GAAP measures, reconciliations of such projected or estimated non-GAAP measures to applicable GAAP measures are not provided, because the company cannot, without unreasonable effort, estimate or predict with certainty various components of net income. Please continue to regularly check Dominion Energy’s website at http://investors.dominionenergy.com/.
Slide 3 — Dominion Energy
3 Metric Amount Commentary Q3 2026: Actual ($ per share)¹,² $1.28 Reflects $0.05 of RNG 45Z related income³, $0.05 of better than normal weather 2026 guidance range ($ per share)² $3.45—$3.69 ($3.57 midpoint) Expect to be in top half of range Long-term operating EPS growth rate 5%—7% growth rate through 2030 off of 2025 operating EPS midpoint ($3.30); bias to upper half 2028 through 2030 No change – Continue to monitor catalysts that could enhance and/or extend long-term growth rate RNG 45Z operating EPS guidance Expected to generate operating EPS in 2026—2029 (~$0.05—$0.09/year)4 No change 2026 dividend ($ per share)5 $2.67 No change 2026—2030 capital investment plan ~$65B No change Dominion Energy Financial results and guidance Operating earnings per share (non-GAAP) and long-term financial guidance Reaffirmed all earnings, credit and dividend guidance from Q4 2025 update ¹ See Third Quarter 2026 Earnings Release Kit for supporting information and a reconciliation to GAAP 2 Includes RNG 45Z income 3 Includes $0.02 of 2026 RNG 45Z credit income and $0.03 of 2025 RNG 45Z tax true-up 4 Excluded from long-term EPS growth rate due to current legislative expiration after 2029, excludes one-time 2025 RNG 45Z tax true-up recognized in 2026 5 Dividend declarations are subject to customary Board approval
Slide 4 — Dominion Energy
4 ¹ Excludes short-term debt activity as well as potential opportunistic financings including liability management as well as certain tax-free re-marketings ² Excludes dividend reinvestment issuance of ~$150M ³ Issued under forward settlement sales under ATM program Issuance range Issued YTD (updated) Remaining Dominion Energy Virginia $3.5—$4.5 $4.1 $— Dominion Energy South Carolina 0.0—0.5 0.3 — DEI hybrid 1.5—2.5 1.5 0.0—1.0 DEI other fixed income 1.0—2.0 0.8 0.2—1.2 Consolidated $6.0—$9.5 $6.7 $0.2—$2.2 2026 expected fixed income activities¹ ($B) Guidance Issued YTD³ Remaining 2026 At-the-market (ATM) $1.6—$1.8 $1.7 — Common equity activities² ($B) Dominion Energy Capital raising activities (updated) Will look to opportunistically de-risk financings during remainder of 2026
Slide 5 — ~6.3GW/13%
Dominion Energy Virginia Data center contracted capacity (updated) 5 Note: Figures may not sum due to rounding July 2023 December 2025 September 2026 Engineering Letter of Authorization (ELOA) ▪ Detailed engineering plan ▪ Costs reimbursed to Dominion Energy ~48.5 GW Construction Letter of Authorization (CLOA) ▪ Authorizes construction ▪ Customer must reimburse Dominion Energy for all spent costs should they walk away Electric Service Agreement (ESA) ▪ Defines how the customer will take service and structure to recover costs ▪ Includes revenue requirement whether customer takes service or not ESA: 10.2 GW CLOA: 11.0 GW ELOA: 27.4 GW vs. December 2025 data center contracted capacity ~6.3GW/13% ~54.9 GW ESA: 12.2 GW CLOA: 9.8 GW ELOA: 32.8 GW ~16.5 GW ESA: 5.8 GW CLOA: 2.0 GW ELOA: 8.7 GW
Slide 6 — Dominion Energy
0.94 0.45 0.42 0.26 0.41 1.90 2006-2022 average 2023 2024 2025 2026 YTD² Industry average³ 78% better than average OSHA recordable incident rate¹ 6 Dominion Energy Employee safety ¹ Number of recordables per 100 employees each work year; data is pro forma for SCANA ² 2026 YTD through September ³ Average per Bureau of Labor Statistics 2024 industry data for electric power generation, transmission, and distribution (NAICS code 2211)
Slide 7 — NextEra Energy-Dominion Energy combination
Approval timeline 7 NextEra Energy-Dominion Energy combination Subject to approvals, merger expected to close in second half of 2027 ¹ Federal Energy Regulatory Commission (FERC); Nuclear Regulatory Commission (NRC); Hart-Scott-Rodino Anti-Trust Act (HSR); North Carolina Utilities Commission (NCUC); Public Service Commission of South Carolina (PSCSC); Virginia State Corporation Commission (VSCC) Federal regulatory applications / regulatory approval process¹: FERC, NRC, HSR Transaction Announcement Filed Form S-4/Joint Proxy Statement Merger approved by NEE & D shareholders Receive required approvals Close merger Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 State regulatory applications / regulatory approval process¹: NCUC, PSCSC, VSCC
Slide 8 — Coastal Virginia Offshore Wind (CVOW)
Coastal Virginia Offshore Wind (CVOW) Significant progress reduces project risk: ~85% complete (updated) 8 ¹ As of October 30, 2026 Fabrication status¹ 100% of nacelles, towers and blades fabricated (updated) Installation status¹ Turbines installed: 44 (updated); 45th turbine underway Base installation (no change): ~2 days per turbine (Excludes loadout and transit, weather, maintenance and other) Turbines remaining: 132 Days until year end 2027: 427 Key targets (no change) Final turbine (176): Year end 2027 (Includes loadout and transit, weather and maintenance contingency) No time of day or year restrictions for turbine installation Offshore substations (OSS): Energization of the third and final OSS expected by year end 2026
Slide 9 — Coastal Virginia Offshore Wind (CVOW)
9 Costs ▪ Current capital budget: $11.65B including contingency (no change) ▪ Project-to-date investment (as of 9/30/2026): ~$10.1B ▪ Remaining project costs: ~$1.5B ▪ % to be funded by Stonepeak via non-controlling equity financing: 48%¹ ▪ Remaining amount to be funded by Dominion Energy: ~$0.8B ▪ Current unused contingency (no change): ▪ $123M (~8% of remaining project costs) ▪ Current unfixed costs (no change): ▪ Changes to tariffs, certain project oversight costs and fuel for transport/installation Note: Figures may not sum due to rounding ¹ Assumes Stonepeak funds capital at 33% level above $11.3B ² In 2027 dollars ▪Represents <2% of total 5-year capital budget of $65B ▪D portion of CVOW rate base ~7% of 2026E total investment base Coastal Virginia Offshore Wind (CVOW) Selected updates (updated) LCOE ▪ LCOE (updated): $62/MWh2 compared to initial filing submission of $80 to $90/MWh² and $83/MWh² prior update ▪ Legislative prudency cap (no change): $125/MWh (in 2018 dollars); $149/MWh (in 2027 dollars) Original filing (Nov 2021) Nov 2024 Oct 2025 Prior update (Aug 2026) Current (Oct 2026) LCOE excluding REC ($/MWh)² $97 $85 $101 $100 $100 REC ($/MWh) $10 $29 $17 $17 $38 LCOE including REC ($/MWh)² $80—$90 $56 $84 $83 $62
Slide 10 — Dominion Energy
10 ¹ https://www.dpuc.state.ct.us/DEEPEnergy.nsf/c6c6d525f7cdd1168525797d0047c5bf/ec10b8406c78d86885258e7500525270/$FILE/2026%20Procurement%20Plan%20Update.pdf, (3b, page 6) Dominion Energy Selected business updates DEV Millstone ✓ Filed 2026 VA Integrated Resource Plan Update ▪ Presented generation build portfolios with additional resource capacity representative of our “all of the above” approach to support continued robust load growth ✓ Submitted bid in CT Department of Energy and Environmental Protection’s (DEEP) zero carbon RFP ▪ CT intends to coordinate bid evaluation in conjunction with other New England states ▪ On September 17, 2026, DEEP indicated that it intends to announce a decision later this year¹ ▪ Existing PPA actual/expected customer savings: ▪ Over $200M in 2025; ▪ Over $245M in 2026, including $200M year-to-date; and ▪ Over $900M over the ten-year life, based on current forward curves DESC ✓ Received unanimous approval of gas RSA settlement from the SC Public Service Commission ▪ New rates effective in November
Slide 11 — Dominion Energy
11 ✓Ongoing focus on three top priorities ✓Consistently achieving our financial commitments ✓Continued achievement of major construction milestones for the Coastal Virginia Offshore Wind project ✓Achieving constructive regulatory outcomes that demonstrate our ability to work cooperatively with regulators and stakeholders to deliver results that benefit both customers and shareholders ✓Committed to delivering reliable, affordable and increasingly clean power for our customers Dominion Energy Summary
Slide 12 — Appendix
Appendix 12
Slide 13 — Consolidated guidance
13 Q4 drivers (YoY) Consolidated guidance 2026 operating earnings per share ▲ Regulated investment ▲ Electric rate cases ▲ Sales ▲ Charybdis ▲ O&M/other ▼ Return to normal weather ▼ Financing costs ▼ Capacity expense ▼ Nuclear PTC ▼ Millstone planned outage ▼ DD&A ▼ RNG ▼ Share dilution ▼ Tax
Slide 14 — Regulated electric sales growth
2.1% 4.5% 3.4% 2024 2025 LTM Q3 '26 Regulated electric sales growth DEV and DESC combined 14 ¹ LTM refers to the timeframe of the immediately preceding 12 months as noted ² DEV and DESC combined ³ 2026 YTD through September (1.3%) 8.6% (0.9%) (0.7%) 3.4% Residential Commercial Industrial Govt/Other Total LTM¹ Q3 ’26 YoY weather normal sales growth² Annual & LTM¹ weather normal sales growth² 0.9% 1.8% DEV DESC Average YTD YoY electric customer growth³ ✓Robust commercial load growth ✓Attractive customer growth across our Virginia and South Carolina service areas ✓Industrial load accounts for <10% of regulated sales Regulated electric sales trends % of regulated sales 31% 49% 9% 11%
Slide 15 — Customers
DE Virginia 2.8M 68% DE South Carolina 1.3M 32% Three months ended September 30 ‘24-’26 CAGR Average customers Q3 2026 (M) DE Virginia 0.9% 2.8 DE South Carolina 1.9% 1.3 Electric 1.5% 0.8 Gas 2.7% 0.5 Total utility customers 1.2% 4.2 4.2M State utility customers Customers State-regulated utilities 15 Segment summary Q3 2026 State summary Note: Customer growth calculation methodology reflects average customers in the quarter; figures may not sum due to rounding
Slide 16 — Weather
Weather Degree days 16 Note: Figures may not sum due to rounding Quarter ended 9/30 Nine months ended 9/30 2026 2025 2026 2025 Actual 8 0 2,277 2,118 Normal 5 6 2,170 2,149 Actual 1,313 1,066 1,925 1,698 Normal 1,240 1,227 1,810 1,802 Actual 0 0 821 853 Normal 0 0 747 767 Actual 748 498 1,004 767 Normal 590 602 838 854 Actual 0 0 821 853 Normal 0 0 747 767 Electric Dominion Energy South Carolina Gas Heating Cooling Dominion Energy Virginia Dominion Energy South Carolina Heating Cooling Heating
Slide 17 — Weather
$45 $0 $21 — $66 13 2 22 — 38 $58 $2 $43 — $104 $32 ($3) $55 — $84 (1) (4) 36 — 31 $31 ($7) $91 — $115 Dominion Energy Virginia2 Dominion Energy South Carolina3 Note: Figures may not sum due to rounding ¹ The effects on earnings from differences in weather compared to normal and compared to prior periods are measured using base rate revenue. This schedule does not reflect the O&M expenditures for restoring service associated with outages caused by major storms 2 Dominion Energy Virginia electric utility operations 3 Dominion Energy South Carolina electric utility operations Total Q1 Versus normal¹ Versus prior year¹ Q2 Q3 Q4 2026 YTD Q1 Q2 Q3 Q4 2026 YTD 17 Dominion Energy Virginia2 Dominion Energy South Carolina3 Total Weather After-tax impacts ($M)
Slide 18 — Fixed income
18 Fixed income Credit ratings as of September 30, 2026 (no change) Dominion Energy, Inc. Moody’s S&P Fitch Corporate/Issuer Baa2 BBB+ BBB+ Senior Unsecured Debt Securities Baa2 BBB. BBB+ Junior Subordinated Notes Baa3 BBB- BBB- Preferred Stock Ba1 BBB- BBB- Short-Term/Commercial Paper P-2 A-2 F2 Outlook Positive Positive Positive VEPCO Moody’s S&P Fitch Corporate/Issuer A3 BBB+ A- Senior Unsecured Debt Securities A3 BBB+ A. Short-Term/Commercial Paper P-2 A-2 F2 Outlook Stable Positive Stable DESC Moody’s S&P Fitch Corporate/Issuer Baa1 BBB+ A- First Mortgage Bonds A2 A A+ Short-Term/Commercial Paper P-2 A-2 F2 Outlook Stable Stable Stable
Slide 19 — Fixed income
Segment Financing Entity Description Maturity Weighted Avg. Coupon Current portion Long-term DE Virginia VEPCO Unsecured Senior Notes, fixed rates 2026-2056 4.74% $1,750 $22,985 DE Virginia VEPCO Tax-Exempt Financings, fixed rates 2032-2041 3.52% - 625 DE Virginia VPFS Senior Secured Deferred Fuel Cost Bonds, fixed rates 2029-2033 4.90% 176 794 DE SC DESC First Mortgage Bonds, fixed rates 2028-2065 5.29% - 4,884 DE SC DESC Tax-Exempt Financing, variable rate 2038 3.40% - 35 DE SC DESC Tax-Exempt Financings, fixed rates 2028-2033 3.90% - 54 DE SC DESC Other Long-term Debt, fixed rates 2027-2069 3.53% - 1 DE SC GENCO Tax-Exempt Financing, variable rate 2038 3.40% - 33 Corp & Other DEI Unsecured Senior Notes, fixed rates¹ 2026-2052 4.61% 356 12,031 Corp & Other DEI Unsecured Junior Subordinated Notes: Corp & Other DEI Payable to Affiliated Trust, fixed rate 2031 8.40% - 10 Corp & Other DEI Junior Subordinated Notes, fixed rates 2054-2056 6.42% - 7,525 Total Principal Amount $2,282 $48,977 Unamortized Discount, Premium and Debt Issuance Costs, net (1) (455) Finance Leases and Other Long-Term Debt 118 417 Total Long-Term Debt $2,399 $48,939 19 ¹ Includes debt previously issued by CNG Fixed income Preliminary and unaudited schedule of long-term debt as of September 30, 2026 ($M) Represents deferred fuel securitization bonds that are considered “off credit” by the credit rating agencies. The securitization bondholders have recourse solely with respect to the deferred fuel cost property owned by VPFS and no recourse to any other assets of Dominion Energy or Virginia Power.
Slide 20 — Fixed income
20 Fixed income Schedule of debt maturities as of September 30, 2026 ($M) Financing Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2026 6.875% Debentures (former CNG subsidiary) 10/15/26 DEI - - - 6 6 5.088% Senior Secured Deferred Fuel Cost Bonds 11/01/26 VPFS 87 - - - 87 2.95% 2016 Series B Senior Notes 11/15/26 VEPCO 400 - - - 400 2026 Total 487 - - 6 493 2027 3.60% 2020 Series B Senior Notes 03/15/27 DEI - - - 350 350 3.50% 2017 Series A Senior Notes 03/15/27 VEPCO 750 - - - 750 5.088% Senior Secured Deferred Fuel Cost Bonds 05/01/27 VPFS 40 - - - 40 3.75% 2022 Series B Senior Notes 05/15/27 VEPCO 600 - - - 600 6.80% Debentures (former CNG subsidiary) 12/15/27 DEI - - - 83 83 4.877% Senior Secured Deferred Fuel Cost Bonds multiple VPFS 140 - - - 140 2027 Total 1,530 - - 433 1,963 Segment
Slide 21 — Fixed income
21 ¹ Excludes finance leases and other long-term debt Fixed income Schedule of debt maturities as of September 30, 2026 ($M) Financing Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2028 4.00% 2013 Series SC JEDA Industrial Revenue Bonds 02/01/28 DESC - 39 - - 39 3.80% 2018 Series A Senior Notes 04/01/28 VEPCO 700 - - - 700 4.60% 2025 Series C Senior Notes 05/15/28 DEI - - - 1,000 1,000 4.25% 2018 Series B Senior Notes 06/01/28 DEI - - - 495 495 4.25% Series First Mortgage Bonds 08/15/28 DESC - 53 - - 53 4.877% Senior Secured Deferred Fuel Cost Bonds multiple VPFS 190 - - - 190 2028 Total 890 92 - 1,495 2,477 2029 2.875% 2019 Series A Senior Notes 07/15/29 VEPCO 500 - - - 500 4.877% Senior Secured Deferred Fuel Cost Bonds multiple VPFS 198 - - - 198 2029 Total 698 - - - 698 2030 3.375% 2020 Series C Senior Notes 04/01/30 DEI - - - 1,500 1,500 5.00% 2025 Series A Senior Notes 06/15/30 DEI - - - 800 800 4.877% Senior Secured Deferred Fuel Cost Bonds multiple VPFS 208 - - - 208 2030 Total 208 - - 2,300 2,508 Total¹ 3,813 $ 92 $ - $ 4,234 $ 8,139 $ Segment
Slide 22 — Important note for investors
Important note for investors 22 Forward-Looking Statements This communication includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included or incorporated by reference in this communication, including, among other things, statements regarding the proposed business combination transaction between NextEra Energy, Inc. (NextEra Energy) and Dominion Energy, Inc. (Dominion Energy) and future events, plans and anticipated results of operations, business strategies, the anticipated benefits of the proposed transactions, the anticipated impact of the proposed transactions on the combined company’s business and future financial and operating results, the anticipated closing date for the proposed transactions and other aspects of NextEra Energy’s or Dominion Energy’s operations or operating results, are forward-looking statements. Words and phrases such as “ambition,” “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target,” the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions or events can be used to identify forward-looking statements. Where, in any forward-looking statement, NextEra Energy or Dominion Energy expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. Any forward-looking statement is not a guarantee of future performance, outcomes or results and is subject to numerous risks, uncertainties and other factors, many of which are beyond NextEra Energy’s or Dominion Energy’s control, that could cause actual performance, outcomes or results to differ materially from what is expressed or implied in the forward-looking statement. These factors include a failure by NextEra Energy to successfully integrate Dominion Energy’s businesses and technologies, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the expected benefits of the proposed transactions may not be fully realized or may take longer to realize than expected; each party’s ability to consummate the proposed transactions and the timing of the closing of the proposed transactions, including the risk that the conditions to closing are not satisfied on a timely basis or at all or the failure of the transactions to close for any other reason or to close on the anticipated terms, including with the anticipated tax treatment; the risk that any governmental or regulatory approval, consent or authorization that may be required for the proposed transactions is not obtained, is delayed or is obtained subject to conditions that are not anticipated or that cause the termination of the merger agreement and abandonment of the transactions; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement by either party; the risk that certain provisions in the merger agreement or the pendency of the transactions may impact either party’s ability to pursue certain business opportunities or strategic transactions; unanticipated difficulties, liabilities or expenditures relating to the transactions, including the impact of potential litigation relating to the transactions; the effect of the announcement, pendency or completion of the proposed transactions on the parties’ business relationships and business operations generally, including the parties’ relationship with regulators, suppliers, vendors and customers; the effect of the announcement or pendency of the proposed transactions on the parties’ common stock prices and uncertainty as to the long-term value of either party’s common stock; risks that the proposed transactions disrupt either party’s current plans and operations, including due to the diversion of the attention of management from ordinary course business operations, and potential difficulties in hiring or retaining employees as a result of the proposed transactions; any rating agency actions; the impact of the announcement or pendency of the proposed transactions on either party’s ability to access capital, including the short- and long-term debt markets, on a timely and affordable basis; general worldwide economic conditions and related uncertainties; the effect and timing of changes in laws or in governmental regulations (including environmental); fluctuations in trading prices of securities of NextEra Energy and in the financial results of NextEra Energy or Dominion Energy; and the timing and extent of changes in interest rates, commodity prices and demand and market prices for electricity or gas. The definitive proxy statement filed by Dominion Energy with the Securities and Exchange Commission (SEC) on July 28, 2026 (available at https://www.sec.gov/Archives/edgar/data/715957/000110465926087585/tm2621467-2_defm14a.htm) describes additional risks relating to the proposed transactions and combined company. While the list of factors presented here and the list of factors presented in Dominion Energy’s definitive proxy statement are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to NextEra Energy’s and Dominion Energy’s respective periodic reports and other filings with the SEC, including the risk factors contained in NextEra Energy’s and Dominion Energy’s most recently filed Annual Reports on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q. Any forward-looking statements included in this communication represent current expectations and are inherently uncertain and are made only as of the date hereof (or, if applicable, the dates indicated in such statement). Except as required by law, neither NextEra Energy nor Dominion Energy undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise. No Offer or Solicitation This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Slide 23 — Important note for investors
Important note for investors 23 Additional Information about the Transactions and Where to Find It In connection with the pending transactions, NextEra Energy has filed with the SEC the Registration Statement, which includes a joint proxy statement of NextEra Energy and Dominion Energy that also constitutes a prospectus of NextEra Energy. The Registration Statement was declared effective by the SEC on July 23, 2026, and NextEra filed a definitive joint proxy statement/prospectus with the SEC on July 28, 2026. Each of NextEra Energy and Dominion Energy may also file other relevant documents with the SEC regarding the pending transactions. This communication is not a substitute for the Registration Statement or the definitive joint proxy statement/prospectus or any other document that NextEra Energy or Dominion Energy may file with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY AS THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT NEXTERA ENERGY, DOMINION ENERGY, THE PENDING TRANSACTIONS AND RELATED MATTERS. Investors and security holders may obtain free copies of the Registration Statement, the definitive joint proxy statement/prospectus and other documents containing important information about NextEra Energy, Dominion Energy and the pending transactions filed or that will be filed with the SEC through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by NextEra Energy are available free of charge on NextEra Energy’s website at http://www.investor.nexteraenergy.com/ or by contacting NextEra Energy’s Investor Relations Department by email at [email protected] or by phone at (800) 222-4511. Copies of the documents filed with the SEC by Dominion Energy are available free of charge on Dominion Energy’s website at http://investors.dominionenergy.com or by contacting Dominion Energy’s Investor Relations Department by email at [email protected] or by phone at (804) 819-2438.