Dominion Energy Stock Drops on Offshore Wind Lease Pause: What Investors Should Know About NYSE:D, CVOW, Dividends and the 2026 Outlook
Dominion Energy shares fell 5%–6% on December 22 after the U.S. Department of the Interior paused leases for all large offshore wind projects, including Dominion’s $11 billion Coastal Virginia Offshore Wind. The federal order cited national security concerns. Dominion said the suspension would last 90 days, but federal officials gave no end date. The project is already under construction and central to Dominion’s Virginia strategy.