Dominion Energy, Inc. (D.NYSE) AI FORECASTS & ADVISOR ANALYSIS

Bull case: Hyperscalers capitulate completely and just buy the power generation on Dominion's behalf because the AI arms race demands absolute speed.

• Amazon, Microsoft, and Google aggressively finance the North Anna SMRs with zero risk to D's balance sheet.
• Trump deregulation clears all transmission line NIMBYism out of the way, allowing massive grid expansion.
• CVOW finishes perfectly under the revised 11.5 billion dollar budget.
• The market re-rates D from a 15x P/E utility to a 30x P/E AI infrastructure monopoly. This is not a pipe dream; if AGI timelines compress, tech giants will pay any price for priority access to the grid. The implied valuation matches the exponential TAM expansion.

Bear case: The physics hit an engineering and political wall, making D a permanent value trap that burns capital trying to build the future.

• Trump administration permanently rugs the CVOW offshore wind project citing national security, forcing massive write-downs.
• The Warsh rate shock makes D's debt load radioactive, forcing highly dilutive equity raises.
• Hyperscalers bypass D entirely with 'Bring Your Own Power' solutions like off-grid independent gas plants.
• Gridlock in transformer and copper supply chains pushes the 70 GW backlog out past 2035. The risk is real: if they cannot iterate fast enough to meet hyperscaler demand, the tech giants will simply route around them, leaving D holding the bag on half-finished infrastructure.

Wall Street boomers are absolutely cooked. They look at Dominion and see a mid-tier, dividend-clipping utility that's getting financially rugged by the Warsh bear steepener and offshore wind cost overruns. The sell-side copium is all about high debt loads and Trump's temporary stop-work order on the CVOW project. They're valuing this thing purely on trailing P/E and yield spreads, treating it like a dead-weight bond proxy. Zero vision. They completely miss the physical reality of what D actually controls. The anchoring bias to past utility growth rates is lethal.

Here is the variant perception, no cap: You cannot train AGI on vibes. It requires electrons, and Dominion literally owns the atoms feeding the global AI neural net. They have a massive 70,000 MW data center queue in Virginia. That is a 183 percent future TAM expansion sitting right in front of us. Furthermore, the new GS-5 rate class starting in 2027 forces hyperscalers to front 85 percent of distribution costs. Dominion is no longer a utility; it is an AI infrastructure toll road with zero customer price sensitivity. The market is completely mispricing the physical bottleneck of the century.

The activation of the GS-5 rate class in January 2027 will force hyperscalers to absorb grid capex, shifting the financial burden off Dominion. Combined with the successful early-2027 completion of the 11.5 billion dollar Coastal Virginia Offshore Wind project, the market will be forced to re-rate this stock.