The company announced a 9% increase in the total cost of its Coastal Virginia Offshore Wind project, raising the cost from $9.8 billion to $10.7 billion. Despite this, the project remains 50% complete and is slated to finish by the end of 2026. Shahriar Pourreza of Guggenheim Partners commented on the cost increase, noting the importance of supplier performance and schedule constraints for the project's success. Additionally, Dominion Energy has made substantial updates to its executive compensation structure. Changes include performance-based cash awards for officers and an adjusted compensation for Edward H. Baine, who assumed the role of President – Utility Operations and Dominion Energy Virginia. The company also announced the retirement of Diane Leopold, the company's Executive Vice President, Chief Operating Officer, and President – Contracted Energy, with Edward H. Baine taking over the company's utility operations.