VIRGINIA ELECTRIC AND POWER COMPANY: $100M Department of Justice Contract
Summary
Dominion Energy ($D) received a $100M utility energy service contract from the FBI for its Quantico facility. This represents a modest but meaningful addition to Dominion's revenue and highlights federal investment in energy infrastructure. Supply chain beneficiaries may include energy service companies like Ameresco ($AMRC).
See which stocks are affected
Key takeaways, market implications, full AI analysis, and connected signals are available to HillSignal members.
Already have an account? Log in
Key Takeaways
- 1.Dominion Energy ($D) secured a $100M FBI contract, adding to its federal business.
- 2.The contract supports energy infrastructure at Quantico, with potential downstream benefits for ESCOs like Ameresco ($AMRC).
- 3.No direct legislative catalyst was identified, but the contract aligns with federal energy efficiency goals.
Market Implications
The contract reinforces Dominion Energy's position in the federal utility market. For investors, $D offers steady regulated returns, while could see outsized moves if it secures a portion of the work. The broader trend of federal energy efficiency spending supports both.
Full Analysis
The Department of Justice, through the Federal Bureau of Investigation, awarded a $100M delivery order under a Utility Energy Service Contract (UESC) to Virginia Electric and Power Company, identified as Dominion Energy ($D). The contract covers energy services at the FBI's Quantico facility from September 2025 to March 2027. Dominion Energy, a publicly traded utility holding company with FY2025 revenue of $13.5B, will see this contract add approximately 0.74% to its annual revenue, a meaningful but not transformative boost to its federal business segment. No direct legislative connection was identified among the provided bill signals, though UESC contracts are generally authorized under federal energy management statutes. Supply chain beneficiaries likely include energy service companies (ESCOs) such as Ameresco, which often subcontract on federal energy efficiency projects. Historically, federal UESC contracts provide stable, multi-year revenue streams and support sustained demand for energy services, benefiting both prime utilities and their subcontractors.
Intelligence Surface
Cross-referenced against federal contracts, SEC insider filings & congressional trade disclosures
No confirming evidence found yet from contracts, insider trades, or congressional activity
What the bill does
Direct award of Utility Energy Service Contract (UESC) for FBI Quantico.
Who must act
Department of Justice / Federal Bureau of Investigation awarding to Virginia Electric and Power Company (Dominion Energy).
What happens
$100M contract added to backlog, representing approximately 0.74% of annual revenue based on FY2025 revenue of $13.5B.
Stock impact
Dominion Energy is a large regulated utility; this contract adds to its federal government business segment, which provides stable, long-term revenue. The contract supports energy infrastructure at a major federal facility.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
DEPARTMENT OF COMMERCE MINNESOTA: $2.3B Department of Energy Grant
TEXAS OFFICE OF THE GOVERNOR: $1.4B Department of the Treasury Federal Award
DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT: $2.3B Department of the Treasury Federal Award
DEPARTMENT OF COMMERCE MINNESOTA: $2.1B Department of Energy Grant
HANFORD TANK WASTE OPERATIONS & CLOSURE, LLC: $1.6B Department of Energy Contract
GENERAL MATTER, INC.: $900M Department of Energy Contract
GOVERNORS OFFICE: $553M Department of the Treasury Federal Award
AMERICAN CENTRIFUGE OPERATING, LLC: $900M Department of Energy Contract
Contract Details
Recipient
VIRGINIA ELECTRIC AND POWER COMPANY
Award Amount
$100,270,192
Awarding Agency
Department of Justice
Sub-Agency
Federal Bureau of Investigation
Contract Type
DELIVERY ORDER
Free — no credit card
Get the next market-moving signal before the news does
HillSignal scores every Congressional bill, federal contract, and insider filing for market impact and emails you the high-conviction ones — free, no credit card.
Weekly digest — the congressional activity that actually moved markets that week, in plain English. Free, one email.
Free forever plan · No credit card · Unsubscribe in one click
Want the live terminal too? Create a free account →