Dominion Energy, Inc. (NYSE:D) Q1 2024 Earnings Call Transcript

William Appicelli: Okay. I mean is there, I guess, a historical precedent of how long it’s taken on prior data centers?

Diane Leopold: This is Diane Leopold again. So typically, when they had capacity, they might ramp into that capacity over like a 4- to 5-year type of period. And now that same capacity that we’re interconnecting could be closer to a 2- to 3-year period.

William Appicelli: Okay. That’s helpful. And then I guess just more broadly, again, on the same topic. Can you just share a little bit about the process of evaluation with the data center developers and how you structure the contracts and their commitments in terms of having the load show up and so that you’re restructuring the cost profile appropriately to protect ratepayers?

Robert Blue: Yes, Bill, great question. They — our data centers are on the rate schedule that applies to all our large customers. And that’s been that way for some time. And the State Corporation Commission would have to make any changes if we were talking about — approve any changes if we’re talking about any changes to that, which not on the table at the moment. The sort of thinking about the way we structure contracts, they have contract minimum demands that they are obligated to achieve in order to cover the incremental cost of the infrastructure that we’re building for them. And that has been in place for us for some time.

Operator: Ladies and gentlemen, thank you. This does conclude this morning’s conference call. You may disconnect your lines, and we hope that you enjoy the rest of your day.