# Dominion Energy Retirement Plan

Dominion Energy Retirement Plan is a Pension Fund based in Richmond, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** Richmond, VA, United States
- **Founded:** 1957
- **Assets under management:** Undisclosed
- **Website:** dominionenergy.com
- **LinkedIn:** https://www.linkedin.com/company/dominionenergy

## Regulatory record

- **Reports private funds:** No

## About

The Dominion Energy Retirement Plan functions as the corporate defined-benefit vehicle for Dominion Energy, Inc., a publicly traded utility headquartered in Richmond, Virginia. The plan's governance falls under Dominion's executive management, led by Chair, President and CEO Robert M. Blue, with oversight from board-level committees that have included Michael E. Szymanczyk as former Finance and Risk Oversight Committee Chair and current board members Vanessa Allen Sutherland and Paul M. Dabbar serving on the Operations Committee. The plan's investment posture leans heavily into buyout strategies, particularly those aligned with energy infrastructure, a natural extension of the sponsor's regulatory and operational expertise. It maintains specific sleeves for commercial real estate through the Dominion Energy Real Estate Fund and manages a Dominion Money Market Fund for short-term liquidity. The plan operates from Dominion's Richmond headquarters without a dedicated, separately branded investment office. In September 2023, Dominion Energy completed a strategic review resulting in the sale of its gas distribution companies to Enbridge, a transaction that sharpened its focus on state-regulated electric utilities but did not publicly alter the pension plan's funding posture or asset allocation targets. The plan's structural differentiator lies in its alignment with a single operating company's balance sheet and regulatory cycle. Unlike pooled public pension systems, Dominion's plan is shaped by the utility's rate-base economics and corporate credit profile, making its funding decisions and risk appetite a direct reflection of Dominion Energy's financial health and capital expenditure obligations.

## Sectors

- Infrastructure
- Energy Transition & Renewables

## People

- Robert M. Blue — Chair, President and CEO
- Michael E. Szymanczyk — Former Chair, Finance and Risk Oversight Committee
- Vanessa Allen Sutherland — Board Member, Operations Committee
- Paul M. Dabbar — Board Member, Operations Committee

## Questions

### How does the plan's relationship to a regulated utility influence its investment strategy?

As a corporate pension plan sponsored by a rate-regulated utility, the plan's funding health is tied directly to Dominion Energy's ability to recover costs through customer rates, as approved by state regulators. This creates a structurally conservative backdrop — funding volatility can become a regulatory issue — but it also allows the plan to lean into long-duration assets, particularly energy infrastructure, where the sponsor has deep domain expertise. The presence of an inflation-managed collective trust in the portfolio further reflects a liability-matching mindset shaped by utility economics.

### Does Dominion Energy Retirement Plan invest in energy transition assets?

Dominion Energy's corporate strategy, particularly after its 2023 gas distribution divestiture, has pivoted toward regulated electric utility operations and offshore wind development. While the pension plan does not publish its individual holdings, its structural alignment with the sponsor's strategic direction and its explicit buyout focus on energy-related investments make energy transition and regulated infrastructure natural areas of concentration for the portfolio.

### What is the Dominion Energy Charitable Foundation and is it connected to the pension plan?

The Dominion Energy Charitable Foundation is a separate philanthropic entity funded by the corporation, not the pension trust. It makes grants focused on community needs in the regions Dominion Energy serves. There is no operational or fiduciary connection between the foundation's assets and the retirement plan's investment portfolio.

## Related profiles

- [Dominari Securities](https://altss.com/profile/dominari-securities)
- [Dominion Energy Ohio Union Retiree Health and Welfare Plan](https://altss.com/profile/dominion-energy-ohio-union-retiree-health-and-welfare-plan)

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Last updated: 2026-08-11T02:43:31.692Z

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