Dominion Energy (D) reported Q2 earnings on Friday, showing that contracted electricity demand from data centers in Virginia rose 11% since the end of 2025, amid continued growth in power needs from artificial intelligence and cloud computing customers.
The utility said contracted data center capacity in its Virginia service territory increased to about 53.8 gigawatts as of July, up from about 48.5 GW in December 2025.
The increase was driven by customers advancing through Dominion's contracting process, with 32.4 GW now covered by Substation Engineering Letters of Authorization, 12 GW under Electric Service Agreements and 9.4 GW under Construction Letters of Authorization.
Dominion said the latest figure represents an increase of about 5.3 GW from December, amid sustained demand from hyperscale data center developers despite concerns over grid constraints and project timelines.
The energy firm said it is advancing the construction of its 2.6-GW Coastal Virginia Offshore Wind project. It said 31 turbines had been fully installed as of July 31, with installation of the 32nd turbine underway.
Dominion said 144 turbines remain to be installed and reiterated its target of completing the project by the end of 2027, while noting that updated installation forecasts reflect additional contingency for adverse weather, vessel maintenance, loadout operations and extended jacking activities.
Dominion also reported continued customer growth across its regulated utility operations.
The company said that average regulated utility customers reached 4.1 million in Q2, including 2.8 million in Virginia and 1.3 million in South Carolina.
Virginia customer accounts grew at a compound annual rate of 0.9% between 2024 and 2026, while South Carolina posted 2.0% growth over the same period. Total regulated utility customers increased at a 1.2% compound annual growth rate, with electric customers growing 1.5% and gas customers 2.8%.