This Energy Company Plans to Invest Up to $72 Billion to Clean Up Its Act
Dominion Energy (NYSE: D) recently unveiled a bold plan to decarbonize its portfolio. The utility company could invest up to $72 billion through 2035 to transition its primary power source from fossil fuels to emissions-free alternatives. It represents the country's largest decarbonization investment and a massive spending plan for Dominion, especially considering that its enterprise value currently stands just shy of $100 billion.
The utility believes this investment could pay big dividends for shareholders over the long term. It should clean up its emissions profile while helping it generate powerful total returns.
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Source Fool.com
