Dominion Energy announced its commitment to reaching net-zero emissions in its power generation and natural gas operations by 2050 on February 11, 2020.[1] Dominion has previously committed to cut methane emissions from its natural gas operations by 50% between 2010 and 2030 and carbon emissions from its power generating facilities by 80% between 2005 and 2050. So far, Dominion has cut carbon emissions approximately 50% since 2005 and reduced methane emissions by nearly 25% since 2010.
Under the new net zero goal, Dominion will decrease methane emissions by 65% by 2030 and 80% by 2040, from 2010 levels. To achieve these reductions, Dominion will extend licenses for its nuclear generation fleet, promote customer energy efficiency programs, and invest in wind and solar power. Additionally, Dominion plans to invest in carbon-beneficial renewable natural gas (RNG) projects that will capture an amount of methane from U.S. farms at least equivalent to any remaining methane and carbon dioxide emissions from the company's natural gas operations. The utility did acknowledge that achieving this goal will also require supportive policies and technology advancements.
[1] https://news.dominionenergy.com/2020-02-11-Dominion-Energy-Sets-New-Goal-of-Net-Zero-Emissions-by-2050