DCUD Dominion Energy Inc

Item 5.02.  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Leopold and Blue Named Co-Chief Operating Officers

On October 2, 2019, Dominion Energy, Inc. (“Dominion Energy” or the “Company”) announced that Ms. Diane Leopold and Mr. Robert M. Blue have both been named Executive Vice President and Co-Chief Operating Officer of Dominion Energy, effective December 1, 2019.

Ms. Leopold, age 52, has served as Executive Vice President and President & CEO—Gas Infrastructure Group from May 2017 to date; Senior Vice President and President & CEO—Gas Infrastructure Group from January 2017 to May 2017; and President of Dominion Energy Transmission, Inc., The East Ohio Gas Company and Dominion Cove Point, Inc. from January 2014 to date.  Mr. Blue, age 52, has served as Executive Vice President and President & CEO—Power Delivery Group from May 2017 to date; Senior Vice President and President & CEO—Power Delivery Group from January 2017 to May 2017; Senior Vice President—Law, Regulation & Policy from February 2016 to December 2016; Senior Vice President—Regulation, Law, Energy Solutions and Policy from May 2015 to January 2016; and President of Virginia Electric and Power Company from January 2014 to May 2015.

As previously reported in Dominion Energy’s 2019 Proxy Statement (the “Proxy Statement”), Mr. Thomas P. Wohlfarth, the spouse of Ms. Leopold, is employed by Dominion Energy’s services company as Senior Vice President – Regulatory Affairs.  The information on Mr. Wohlfarth’s 2018 compensation and benefits as detailed in the Proxy Statement section entitled “Certain Relationships and Related Party Transactions” is hereby incorporated by reference.  Mr. Wohlfarth’s 2019 compensation and benefits are comparable to that disclosed in the Proxy Statement for 2018.  He has notified the Company of his intent to retire in December 2019.  

New Executive Supplemental Retirement Plan Amendment

On September 26, 2019, the Board of Directors (the “Board”) of Dominion Energy amended the Company’s New Executive Supplemental Retirement Plan (the “Plan”) to freeze future benefit accruals under the Plan as of October 1, 2019. The Plan was previously frozen to new participants in 2013. Frozen benefits under the Plan will continue to be credited with annual cost-of-living increases on each July 1, starting with July 1, 2020 through the July 1 on or immediately preceding the date of a Participant’s retirement. Participants who are younger than age 55 on the date of the amendment may continue to grow into an unreduced benefit based on future increases in age prior to their retirement, but will not receive any further compensation-based credit. In addition, eligible participants will continue to receive restoration match payments subject to the Plan’s terms.

The description of the amendment above is qualified in its entirety by the terms of the amendment, a copy of which is attached as Exhibit 10.1 hereto.