RICHMOND, VA – Dominion Energy is launching a $35 million initiative in support of African American and underrepresented minority students. This six-year “HBCU Promise” program will support historically black colleges and universities in Virginia, Ohio, North Carolina and South Carolina. Additionally, as part of the initiative, a $10 million scholarship fund will be created to support African American and underrepresented minority students across the company’s service territory.
“We all know there are no actions or words that will immediately heal the hurt caused by 400 years of institutional racism. But since early June, we have seen signs of change and growth. Our country is moving forward. We are moving forward, too. This initiative is a recognition of the important role played by these institutions in African American advancement and the importance of education as an equalizer in society. These institutions have been foundational in the struggle to improve the lives of African Americans and in the fight for social justice. We are pleased and humbled to build on our company’s nearly 40-year history of supporting historically black colleges and universities,” said Thomas F. Farrell, II, Dominion Energy Chairman, President and Chief Executive Officer.
In selecting the institutions, the company looked at a range of factors, including locations with a significant customer presence, past partnerships and opportunities to make immediate impact. In structuring the partnerships, the company will focus on four general areas: operating needs, urgent capital needs, endowment and scholarships. Some details remain to be worked out. But Dominion Energy plans to tailor packages to the needs of each institution. The schools are:
Norfolk State University
Virginia Union University
Virginia State University
South Carolina State University
Central State University
North Carolina A&T State University
“We have all been witness to our country’s evolving conversation on race and social justice. The country is changing, and we have been looking for ways that we can make a difference. Investing in these important institutions – which serve as a springboard for social and economic mobility for so many – is one way we can help. We have actually partnered with HBCUs for nearly 40 years, offering volunteer and financial support. As I have said before, we are humbled and honored to continue supporting them with this current initiative,” said Thomas F. Farrell, Dominion Energy Chairman, President and Chief Executive Officer.
Details about the Dominion Energy Educational Equity scholarship will be provided later.
About Dominion Energy
More than 7 million customers in 20 states energize their homes and businesses with electricity or natural gas from Dominion Energy, headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and is one of the nation’s largest producers and transporters of energy with more than $100 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, and import/export services. The company is committed to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit www.DominionEnergy.com to learn more.