#Latest news with #DominionEnergyInc.Bloomberg01-05-2025BusinessBloombergDominion Says Tariffs May Add $500 Million to Wind Project CostPresident Donald Trump's tariffs threaten to increase the cost of a big offshore wind farm that Dominion Energy Inc. is building by as much as $500 million, the company said Thursday. The Coastal Virginia Offshore Wind project off the coast of Virginia has already seen tariff costs of $4 million, Chief Executive Officer Bob Blue said on an earnings call. The project's current budget is $10.7 billion.
Bloomberg01-05-2025BusinessBloombergDominion Says Tariffs May Add $500 Million to Wind Project CostPresident Donald Trump's tariffs threaten to increase the cost of a big offshore wind farm that Dominion Energy Inc. is building by as much as $500 million, the company said Thursday. The Coastal Virginia Offshore Wind project off the coast of Virginia has already seen tariff costs of $4 million, Chief Executive Officer Bob Blue said on an earnings call. The project's current budget is $10.7 billion.