VIRGINIA ELECTRIC & POWER CO 8-K

What Happened

• On December 22, 2025, the U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) issued a Director’s Order directing OSW Project LLC to suspend all ongoing activities related to the Coastal Virginia Offshore Wind (CVOW) project for 90 days, effective immediately. Virginia Electric & Power Co (the Company) holds a 50% membership interest in OSW Project LLC. Dominion Energy, Inc., the Company’s parent, issued a press release in response on December 22, 2025; that press release was furnished as Exhibit 99.1 in the Company’s Form 8‑K (Item 7.01 disclosure).

Key Details

• BOEM Director’s Order issued and effective December 22, 2025.
• Suspension period specified as 90 days.
• Virginia Electric & Power Co owns 50% of the membership interests in OSW Project LLC (the CVOW project company).
• Dominion Energy, Inc. press release dated December 22, 2025 was furnished as Exhibit 99.1 to the 8‑K.

Why It Matters

• The 90‑day BOEM suspension halts all ongoing CVOW activities run by OSW Project LLC, where the Company has a 50% stake; this directly affects the project’s near‑term work and schedule. The 8‑K does not include financial results or quantify any impact on costs, timeline, or capital spending. Investors should note the regulatory action and monitor company updates for any disclosures about project delays, cost implications, or schedule revisions.