Dominion's 54.9 GW Data Center Pipeline: Over 12 GW in Signed ESAs

Dominion Energy said on Oct. 30, 2026, that its data center pipeline totals 54.9 GW of capacity in various stages of contracting, with more than 12 GW of that under signed electric service agreements.

Chief Financial Officer Steven Ridge gave the figures on the company's third-quarter earnings call, according to Utility Dive, which reported them on Nov. 2. The 54.9 GW is the pipeline as of September, and Ridge said Dominion has added more than 6 GW of contracts, or 13%, since the end of 2025. DatacenterDynamics carried the same number on Nov. 3; Voltgrid read the figures in Utility Dive's report and the call transcript.

Q3 Earnings Release Omits the Pipeline Figure

The earnings release itself, filed with the U.S. Securities and Exchange Commission in an 8-K on Oct. 30, does not carry the pipeline figure. It reports third-quarter operating earnings of $1.28 per share and GAAP earnings of $1.30 per share, and says Dominion expects to land in the top half of its 2026 operating earnings guidance range of $3.45 to $3.69 per share.

12 GW of Signed ESAs Within Dominion's Data Center Pipeline

Only the electric service agreement (ESA) tier is a signed contract. At more than 12 GW, ESAs are about 22% of the 54.9 GW total, by Voltgrid's arithmetic; the rest is demand at earlier steps that can still shrink or slip. A pipeline figure is not load on the wires.

For PJM, the scale is the point: 12 GW of signed service agreements at a single utility is the kind of load the grid operator has to find supply for. As Voltgrid reported, Dominion's integrated resource plan calls for 3.5 GW of batteries while PJM's 2028/2029 capacity auction cleared more than 6,800 MW short of its requirement. Dominion also won local approval for the 3-GW Cumberland gas plant, which still needs further state approvals.

Ridge said the company serves these customers under a large-load framework approved by the Virginia State Corporation Commission (SCC) in its most recent biennial review, which he said keeps them paying their share of the investment needed to serve them and limits stranded-cost risk. He also described demand as "robust and durable" across multiple Virginia localities.

What Comes Next in the SCC Review of the NextEra Deal

The numbers land while the SCC reviews NextEra Energy's proposed acquisition of Dominion. CEO Bob Blue said on the call that he looks forward to the SCC's first evidentiary hearing on Nov. 17, and that Dominion would file rebuttal testimony on Nov. 2 on the 57 conditions proposed by SCC staff. A final SCC order is expected by Jan. 11, 2027, according to the call transcript.

Not confirmed: how much of the nearly 43 GW of pipeline outside the ESA tier will convert to contracts, and on what timeline. Dominion has not said in the sources Voltgrid read how the figure splits by stage. As of Nov. 3, Voltgrid found no newer Dominion disclosure that changes the Oct. 30 numbers.