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Dominion Energy Sets Ambitious Carbon-Reduction Vehicle Goals
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Dominion Energy sets ambitious carbon-reduction vehicle goals
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Trading Day: Local SEC filings for 5.20.21
Apple Hospitality REIT (APLE)
The hotel-focused real estate investment trust filed its quarterly earnings report for the period ended March 31. The company reported a net loss of $46.4 million in its first quarter 2021, compared to a net loss of $2.8 million during the same period in the prior year.
The company recently posted an updated investor presentation to its website, which includes operating statistics for April and May. The presentation can be found here.
CarMax (KMX)
The used car retailer released its latest proxy statement, disclosing compensation packages paid last fiscal year to its top executives.
Dive Brief:
Dominion Energy is gearing up to invest $26 billion over the next five years on emissions reduction investments for its electric utility and gas distribution businesses, company leadership said during the first quarter earnings call on Tuesday.
Of that total, $17 billion represents zero-carbon generation and energy storage, including offshore wind and nuclear relicensing, as the Biden administration presents plans to increase grid decarbonization incentives. To the extent we see opportunities with the Biden plan, we ll take advantage of them, but at this point, we don t exactly know, CEO Bob Blue said during the call.
The utility submitted its triennial review to Virginia regulators at the end of March, which covers its earnings between 2017 and 2020 and will be the basis for a regulatory decision later this year on whether or not its base rate earnings should change. Dominion s Virginia subsidiary contributed about 57% of the company s first quarter earnings, and t
Operator
Ladies and gentlemen, welcome to the Dominion Energy first-quarter 2021 earnings conference call. [Operator instructions] I would now like to turn the conference over to Mr. Steven Ridge, vice president, investor relations.
Steven Ridge
Vice President, Investor Relations
Thank you, David, and thanks to everyone for joining today s call. Earnings materials, including today s prepared remarks, may contain forward-looking statements and estimates that are subject to various risks and uncertainties. Please refer to our SEC filings, including our most recent annual reports on Form 10-K and our quarterly reports on Form 10-Q for a discussion of factors that may cause results to differ from management s estimates and expectations. This morning, we ll discuss some measures of our company s performance that differ from those recognized by GAAP.
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