Document:

EX-10.33

 EXHIBIT 10.33 

DOMINION ENERGY, INC. 

2020 PERFORMANCE GRANT PLAN 

1. Purpose. The purpose of the 2020 Performance Grant Plan (the “Plan”) is to set forth the terms of 2020
Performance Grants (“Performance Grants”) awarded by Dominion Energy, Inc., a Virginia corporation (the “Company”). This Plan contains the performance goals for the awards, the performance criteria, the target and maximum amounts
payable, and other applicable terms and conditions. Capitalized terms not otherwise defined herein shall have the meanings given them in the Company’s 2014 Incentive Compensation Plan, as amended. 

2. Definitions. 

a. Beneficiary. Means the individual, individuals, entity, entities or the estate of a Participant entitled to receive
the amounts payable under a Performance Grant, if any, upon the Participant’s death. 
 b. Cause. For purposes of
this Plan, the term “Cause” will have the meaning assigned to that term under a Participant’s Employment Continuity Agreement with the Company, as such Agreement may be amended from time to time. 

c. Committee. Means the Compensation, Governance and Nominating Committee of the board of directors of the Company (or
any successor board committee designated by the board of directors of the Company to administer this Plan). 
 d. Company
Pension Plan. Means the applicable pension plan of the Company or its subsidiaries, if any, in which the Participant is eligible to participate as of the Date of Grant, which may include either the Dominion Energy Pension Plan or the SCANA
Corporation Retirement Plan or any successor thereto, but excluding the cash balance portion of any such plan. 
 e. Date
of Grant. February 1, 2020. 
 f. Disability or Disabled. Means a “disability” as defined under
Treasury Regulation Section 1.409A-3(i)(4). The Committee will determine whether or not a Disability exists and its determination will be conclusive and binding on the Participant. 

g. Participant. An officer of the Company or a Dominion Company who receives a Performance Grant on the Date of Grant.

 h. Performance Period. The 36-month period beginning on January 1,
2020 and ending on December 31, 2022. 
 i. Retire or Retirement. For purposes of this Plan, the term Retire or
Retirement means a voluntary termination of employment on a date when the Participant is eligible for early or normal retirement benefits under the terms of the Company Pension Plan, or would be eligible if any crediting of deemed additional years
of age or service 

  
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applicable to the Participant under a supplemental retirement plan of the Company was applied under the Company Pension Plan, as in effect at the time of the determination, or, for a Participant
who is not eligible to participate in a Company Pension Plan, a voluntary termination of employment on or after age 55, unless (in each case) the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the
Company’s Chief Executive Officer, the Committee in its sole discretion) determines that the Participant’s retirement is detrimental to the Company. Notwithstanding the foregoing, with respect to the Chief Executive Officer’s
Performance Grant, if the Chief Executive Officer continues to provide substantial services to the Company as a member of the Board or otherwise after a termination of employment that would otherwise qualify as a Retirement hereunder, the Chief
Executive Officer will not be deemed to have Retired for purposes hereof until the end of such period of service. 
 j.
Target Amount. The dollar amount designated in the written notice to the Participant communicating the Performance Grant. 
 3.
Performance Grants. A Participant will receive a written notice of the amount designated as the Participant’s Target Amount for the Performance Grant payable under the terms of this Plan. The actual payout may be from 0% to 200% of the
Target Amount, depending on the achievement of the performance goals. 
 4. Performance Achievement and Time of Payment. Upon
the completion of the Performance Period, the Committee will determine the final performance goal achievement of each of the performance criteria described in Section 6. The Company will then calculate the final amount of each
Participant’s Performance Grant based on such performance goal achievement. Except as provided in Sections 7(b) or 8, the Committee will determine the time of payout of the Performance Grants, provided that in no event will payment be made
later than March 15, 2023. Performance Grants shall be paid in cash. 
 5. Forfeiture. Except as provided in Sections 7
and 8, a Participant’s right to payout of a Performance Grant will be forfeited if the Participant’s employment with the Company or a Dominion Company terminates for any reason before the end of the Performance Period. 

6. Performance Goals. Payout of Performance Grants will be based on the performance goal achievement of the performance criteria
described in this Section 6 and further defined in Exhibit A. 
 a. TSR Performance. Total Shareholder Return
(TSR) Performance will determine fifty percent (50%) of the Target Amount (“TSR Percentage”). Relative TSR Performance and Absolute TSR Performance are each defined in Exhibit A. The percentage of the TSR Percentage that will be paid out,
if any, is based on the following table: 
  

					
	 Relative
 TSR Performance

Percentile Ranking
	  	Percentage Payout
of TSR Percentage	 
	 85th or above
	  	 	200	% 
	 50th
	  	 	100	% 
	 25th
	  	 	50	% 
	 Below 25th
	  	 	0	% 

  
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 To the extent that the Company’s Relative TSR Performance ranks in a
percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the
corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage will be made if the Relative TSR Performance is below the 25th percentile, except that a payment of 25% of the
TSR Percentage will be made if the Company’s Relative TSR Performance is below the 25th percentile but its Absolute TSR Performance is at least 9%. In addition to the foregoing payments, and
regardless of the Company’s Relative TSR Performance, either (but not both) of the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company’s Absolute TSR Performance is at least 10%
but less than 15%, and/or if the Company’s Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group of companies (inclusive of
the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company’s Absolute TSR Performance is at least 15%, and/or if the
Company’s Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the “Performance Adder”).
The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. 
 The aggregate payments
under this Section 6(a) may not exceed 250% of the TSR Percentage. In addition, the overall percentage payment under the entire Performance Grant may not exceed 200% of the Target Amount. 

b. ROIC Performance. Return on Invested Capital Performance (“ROIC Performance”) will determine fifty percent
(50%) of the Target Amount (“ROIC Percentage”). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out, if any, is based on the following table: 

 

					
	 	  	Percentage Payout	 
	ROIC Performance	  	of ROIC Percentage	 
	 7.31% and above
	  	 	200	% 
	 7.08%
	  	 	100	% 
	 6.84%
	  	 	50	% 
	 Below 6.84%
	  	 	0	% 

  

	 	•	 	 To the extent that the Company’s ROIC Performance is greater than 6.84% and less than 7.08%, the ROIC
Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. 

  

	 	•	 	 To the extent that the Company’s ROIC Performance is greater than 7.08% and less than 7.31%, the ROIC
Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. 

  
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 7. Retirement, Involuntary Termination without Cause, Death or Disability. 

a. Retirement or Involuntary Termination without Cause. Except as provided in Section 8, if a Participant Retires
during the Performance Period or if a Participant’s employment is involuntarily terminated by the Company or a Dominion Company without Cause during the Performance Period, and in either case the Participant would have been eligible for a
payment if the Participant had remained employed until the end of the Performance Period, the Participant will receive a pro-rated payout of the Participant’s Performance Grant equal to the payment the
Participant would have received had the Participant remained employed until the end of the Performance Period multiplied by a fraction, the numerator of which is the number of whole months from February 1, 2020 to the first day of the month
coinciding with or immediately following the date of the Participant’s retirement or termination of employment, and the denominator of which is thirty-five (35). Payment will be made after the end of the Performance Period at the time provided
in Section 4 based on the performance goal achievement approved by the Committee. If the Participant Retires, however, no payment will be made if the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the
Company’s Chief Executive Officer, the Committee in its sole discretion) determines that the Participant’s Retirement is detrimental to the Company. 

b. Death or Disability. If, while employed by the Company or a Dominion Company, a Participant dies or becomes Disabled
during the Performance Period, the Participant or, in the event of the Participant’s death, the Participant’s Beneficiary will receive a lump sum cash payment equal to the product of (i) and (ii) where: 

 

	 	(i)	 is the amount that would be paid based on the predicted performance used for determining the compensation cost
recognized by the Company for the Participant’s Performance Grant for the latest financial statement filed with the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the event; and 

  

	 	(ii)	 is a fraction, the numerator of which is the number of whole months from February 1, 2020 to the first day
of the calendar month coinciding with or immediately following the date of the Participant’s death or Disability, and the denominator of which is thirty-five (35). 

Payment under this Section 7(b) will be made as soon as administratively feasible (and in any event within sixty (60) days)
after the date of the Participant’s death or Disability, and the Participant shall not have the right to any further payment under this Agreement. In the event of the Participant’s death, payment will be made to the Participant’s
designated Beneficiary. 
 8. Qualifying Change of Control. Upon a Qualifying Change of Control prior to the end of the Performance
Period, provided the Participant has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Qualifying Change of Control, the Participant will receive a lump sum cash payment equal to the
greater of (i) the Target Amount or (ii) the total payout that would be made at the end of the Performance Period if the predicted performance used for determining the compensation cost recognized by the

  
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Company for the Participant’s Performance Grant for the latest financial statement filed with the Company’s Annual Report on Form 10-K or
Quarterly Report on Form 10-Q immediately prior to the Qualifying Change of Control was the actual performance for the Performance Period (in either case, the “COC Payout Amount”). Payment will be
made on or as soon as administratively feasible following the Qualifying Change of Control date and in no event later than sixty (60) days following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the
end of the Performance Period and after a Participant has Retired or been involuntarily terminated without Cause pursuant to Section 7(a) above, then the Participant will receive a pro-rated payout of the
Participant’s Performance Grant, equal to the COC Payout Amount multiplied by the fraction set forth in Section 7(a) above, with payment occurring in a cash lump sum on or as soon as administratively feasible (but in any event within sixty
(60) days) after the Qualifying Change of Control date. Following any payment under this Section 8, the Participant shall not have the right to any further payment under this Agreement. 

9. Termination for Cause. Notwithstanding any provision of this Plan to the contrary, if the Participant’s employment with the
Company or a Dominion Company is terminated for Cause (as defined by the Employment Continuity Agreement between the Participant and the Company), the Participant will forfeit all rights to his or her Performance Grant. 

10. Clawback of Award Payment. 

a. Restatement of Financial Statements. If the Company’s financial statements are required to be restated at any
time within a two (2) year period following the end of the Performance Period as a result of fraud or intentional misconduct, the Committee may, in its discretion, based on the facts and circumstances surrounding the restatement, direct the
Company to recover all or a portion of the Performance Grant payout from the Participant if the Participant’s conduct directly caused or partially caused the need for the restatement. 

b. Fraudulent or Intentional Misconduct. If the Company determines that the Participant has engaged in fraudulent or
intentional misconduct related to or materially affecting the Company’s business operations or the Participant’s duties at the Company, the Committee may, in its discretion, based on the facts and circumstances surrounding the misconduct,
direct the Company to withhold payment, or if payment has been made, to recover all or a portion of the Performance Grant payout from the Participant. 

c. Recovery of Payout. The Company reserves the right to recover a Performance Grant payout pursuant to this
Section 10 by (i) seeking repayment from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent permitted by applicable
law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions. 

d. No Limitation on Remedies. The Company’s right to recover a Performance Grant payout pursuant to this
Section 10 shall be in addition to, and not in lieu of, actions the Company may take to remedy or discipline a Participant’s misconduct including, but not limited to, termination of employment or initiation of a legal action for breach of
fiduciary duty. 

  
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 e. Subject to Future Rulemaking. The Performance Grant payout is
subject to any claw back policies the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform Act and Consumer Protection Act and resulting rules issued by the Securities and Exchange
Commission or national securities exchanges thereunder and that the Company determines should apply to this Performance Grant Plan. 
 11.
Miscellaneous. 
 a. Nontransferability. Except as provided in Section 7(b), a Performance Grant is not
transferable and is subject to a substantial risk of forfeiture until the end of the Performance Period. 
 b. No Right to
Continued Employment. A Performance Grant does not confer upon a Participant any right with respect to continuance of employment by the Company, nor will it interfere in any way with the right of the Company to terminate a Participant’s
employment at any time. 
 c. Tax Withholding. The Company will withhold Applicable Withholding Taxes from the payout
of Performance Grants. 
 d. Performance Goal Adjustments. The Committee may at any time, in its sole discretion,
remove or revise any performance goals or other performance objectives for this 2020 Performance Grant Plan. The Committee retains the authority to exercise negative discretion to reduce payments under this Plan as it deems appropriate. 

e. Governing Law. This Plan shall be governed by the laws of the Commonwealth of Virginia, without regard to its choice
of law provisions. 
 f. Binding Effect. This Plan will be binding upon and inure to the benefit of the legatees,
distributes, and personal representatives of Participants and any successors of the Company. 
 g.
Section 409A. This Plan and the Performance Grants hereunder are intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”), and shall be interpreted to
the maximum extent possible in accordance with such intent. To the extent necessary to comply with Code Section 409A, no payment will be made earlier than six months after a Participant’s termination of employment other than for death if
the Performance Grant is subject to Code Section 409A and the Participant is a “specified employee” (within the meaning of Code Section 409A(a)(2)(B)(i)). 

  
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 h. Administration. The Plan shall be administered by the Committee,
which shall have all of the applicable powers and authority set forth in Section 19 of the Company’s 2014 Incentive Compensation Plan with respect to this Plan and the Performance Grants awarded hereunder, the terms of which are
incorporated by reference herein. 
 i. Termination and Amendment. The Committee may amend the Plan and Performance
Grants awarded hereunder, provided that, except as otherwise provided herein, no termination or amendment of the Plan or any Performance Grants under the Plan shall materially adversely affect a Participant’s rights with respect to any
outstanding Performance Grant without that Participant’s consent. Notwithstanding the foregoing, the Committee may amend the Plan and Performance Grants awarded hereunder without having to obtain the consent of any affected Participant as it
deems necessary or appropriate to ensure compliance with applicable laws or to cause Performance Grants to avoid adverse tax consequences under the Code and regulations thereunder. 

j. Notice. All notices and other communications required or permitted to be given under this Plan shall be in writing
and shall be deemed to have been duly given if delivered personally or mailed first class, postage prepaid, as follows: (a) if to the Company—at the principal business address of the Company to the attention of the Corporate Secretary of
the Company; and (b) if to any Participant—at the last address of the Participant known to the sender at the time the notice or other communication is sent. 

k. Interpretation. Unless otherwise specifically provided under the terms of any such plan or program, settlements of
awards received by participants under the Plan shall not be deemed a part of a participant’s regular, recurring compensation for purposes of calculating payments or benefits from any benefit plan or severance program of the Company or a
Dominion Company or any severance pay law of any country. Nothing contained in the Plan will be deemed in any way to limit or restrict the Company or any Dominion Company from making any award or payment to any person under any other plan,
arrangement or understanding, whether now existing or hereafter in effect. 
 l. Beneficiary Matters. A Participant
may designate a Beneficiary to receive benefits due under a Performance Grant, if any, upon the Participant’s death. Designation of a Beneficiary shall be made by execution of a form approved or accepted by the Committee. In the absence of a
valid Beneficiary designation, a Participant’s surviving spouse, if any, and if none, the Participant’s estate, shall be the Beneficiary. A Participant may change a prior Beneficiary designation by a subsequent execution of a new
Beneficiary designation form. The change in Beneficiary will be effective upon receipt by the Committee. Any payment made to a Beneficiary under this Plan in good faith shall fully discharge the Company and the Dominion Companies from all further
obligations with respect to that payment. If the Committee has any doubt as to the proper Beneficiary to receive a payment under this Plan, the Committee shall have the right to withhold such payment until the matter is fully adjudicated. In making
any payment to or for the benefit of any minor or an incompetent Participant or Beneficiary, the administrator, in its sole and absolute discretion, may make a distribution to a legal or natural guardian or other relative of a minor or
court-appointed representative of such incompetent. Alternatively, it may make a payment to any adult with whom the minor or incompetent temporarily or 

  
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permanently resides. The receipt by a guardian, representative, relative or other person shall be a complete discharge of the Company and the Dominion Companies’ obligations under the Plan.
The Company shall have no responsibility to see to the proper application of any payment so made. The Plan shall be binding on all successors and assigns of a Participant, including, without limitation, the estate of such participant and the
executor, administrator or trustee of such estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors. 

m. Unfunded Plan. Unless otherwise determined by the Committee, the Plan shall be unfunded and shall not create (or be
construed to create) a trust or a separate fund or funds. The Plan shall not establish any fiduciary relationship between the Company and any Participant or other person. To the extent any person holds any rights by virtue of a Performance Grant
granted under the Plan, such rights (unless otherwise determined by the Committee) shall be no greater than the rights of an unsecured general creditor of the Company. 

  
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 EXHIBIT A 

DOMINION ENERGY, INC. 

2020 PERFORMANCE GRANT PLAN 

PERFORMANCE CRITERIA 

Total Shareholder Return 
 Relative TSR
Performance will be measured based on where the Company’s total shareholder return during the Performance Period ranks in relation to the total shareholder returns of the companies that are members of the Company’s compensation peer group
as of the Date of Grant as set forth below (the “Comparison Companies”): 
  

			
	Ameren Corporation	  	Exelon Corporation
	American Electric Power Company	  	FirstEnergy Corporation
	CenterPoint Energy	  	NextEra Energy
	Consolidated Edison Company	  	NiSource Incorporated
	DTE Energy Company	  	Public Service Enterprise Group
	Duke Energy Corporation	  	Sempra Energy
	Edison International	  	Southern Company
	Entergy Corporation	  	Xcel Energy
	Eversource Energy	  	

 The Comparison Companies shall be adjusted during the Performance Period as follows: 

 

	 	(i)	 In the event of a merger, acquisition or business combination transaction of a Comparison Company with or by
another Comparison Company, effective upon the public announcement of the transaction, the surviving entity shall remain a Comparison Company and the non-surviving entity shall cease to be a Comparison Company
(provided that, if the proposed transaction is subsequently terminated before the Relative TSR Performance is calculated, then the non-surviving company shall be retroactively reinstated as a Comparison
Company); 

  

	 	(ii)	 If it is publicly announced that a Comparison Company will be acquired by another company that is not a
Comparison Company, or in the event a “going private transaction” is publicly announced where the Comparison Company will not be the surviving entity or will otherwise no longer be publicly traded, the company shall cease to be a
Comparison Company as of the date such announcement is made (provided that, if the proposed transaction is subsequently terminated before the Relative TSR Performance is calculated, then the company shall be retroactively reinstated as a Comparison
Company); 

  

	 	(iii)	 In the event of a spinoff, divestiture, or sale of a substantial portion of assets of a Comparison Company, the
Comparison Company shall no longer be a Comparison Company if the company’s reported revenue (in its GAAP accounts) for the four most recently reported quarters ending on or before the last day of the Performance Period falls below 40% of
Dominion Energy’s reported revenue for the last year of the Performance Period; and 

  
 i 

	 	(iv)	 In the event of a bankruptcy of a Comparison Company, such company shall remain a Comparison Company and its
stock price will continue to be tracked for purposes of Relative TSR Performance. If the company liquidates, it will remain a Comparison Company and its stock price will be reduced to zero for the remaining Performance Period. 

Total shareholder return consists of the difference between the value of a share of common stock at the beginning and end of the Performance Period, plus the
value of gross dividends paid as if reinvested in stock and other appropriate adjustments for such events as stock splits. For purposes of TSR Performance, the total shareholder return of the Company and the Comparison Companies will be calculated
using Bloomberg1. As soon as practicable after the completion of the Performance Period, the total shareholder returns of the Comparison Companies will be calculated and ranked from highest to
lowest by the Committee. The Company’s total shareholder return will then be ranked in terms of which percentile it would have placed in among the Comparison Companies. 

Absolute TSR Performance will be the Company’s total shareholder return on an average annual basis for the Performance Period. 

Price-Earnings Ratio 

“Price-Earnings Ratio” for the Company and each of the Comparison Companies means the forward price-earnings ratio (i.e. the share price on the last
day of the Performance Period divided by the expected earnings per share for the year following the end of the Performance Period) reported as of the last day of the Performance Period as sourced from FactSet or such other financial data provider as
the Committee may determine. The expected earnings per share will be the mean of analyst recommendations. Price-Earnings Ratio performance will be measured based on where the Company’s Price-Earnings Ratio ranks in relation to the
Price-Earnings Ratios of the Comparison Companies. As soon as practicable after the completion of the Performance Period, the Price-Earnings Ratios of the Comparison Companies will be determined and ranked from highest to lowest by the Committee.
The Company’s Price-Earnings Ratio will then be ranked in terms of which percentile it placed in among the Comparison Companies. 

Return on Invested Capital 
 Return on
Invested Capital (ROIC) 
 The following terms are used to calculate ROIC for purposes of the 2020 Performance Grant: 

ROIC means Total Return divided by Average Invested Capital. Performance will be calculated for the three successive fiscal years within the
Performance Period, added together and then divided by three to arrive at an annual average ROIC for the Performance Period. 
  

	1 	 Specifically, using the function “CUST-TRR-RETURN-PER” or successor functions as defined by Bloomberg. 

  
 ii 

 Total Return means Operating Earnings plus After-tax
Interest & Related Charges, determined for each of the three successive fiscal years within the Performance Period. 
 Operating Earnings
means operating earnings as disclosed on the Company’s earnings report furnished on Form 8-K for the applicable fiscal year. 

Average Invested Capital means the Average Balances for Long & Short-term Debt plus Preferred Equity plus Common Shareholders’ Equity.
The Average Balances for a year are calculated by performing the calculation at the end of each quarter during the fiscal year (including in the fiscal year’s opening balance sheet) and then averaging those amounts over five quarters. Long and
short-term debt shall be as reported in the Company’s consolidated balance sheet prepared under GAAP, net of cash and cash equivalents. 
 Average
Invested Capital will be calculated by excluding (i) accumulated other comprehensive income/(loss) from Common Shareholders’ Equity (as shown on the Company’s financial statements); (ii) impacts from changes in accounting
principles that were not prescribed as of the Date of Grant; and (iii) the effects of incremental impacts from non-operating gains or losses during the Performance Period, as disclosed on the
Company’s earnings report furnished on Form 8-K, that were not included in the projection on which the original ROIC calculation was based at the time of the grant.

  
 iiiEX-10.34

 EXHIBIT 10.34 

DOMINION ENERGY, INC. 

2020 GOAL-BASED STOCK AWARD AGREEMENT 

THIS AGREEMENT, dated February 13, 2020, between Dominion Energy, Inc., a Virginia corporation (the “Company”) and [Insert
Name] (“Participant”), is made pursuant and subject to the provisions of the Dominion Energy, Inc. 2014 Incentive Compensation Plan and any amendments thereto (the “Plan”). All terms used in this Agreement that are defined in
the Plan have the same meaning given to such terms in the Plan. 
 1. Goal-Based Stock Award. Pursuant to the Plan, [Insert
Number] shares of Goal-Based Stock (“Target Amount”) were awarded to the Participant on February 13, 2020 (“Date of Grant”), subject to the terms and conditions of the Plan, and subject further to the terms and
conditions set forth in this Agreement and Exhibit A attached hereto. Goal-Based Stock is Company Stock that will be issued if the Performance Goals set forth in Section 4 for the Performance Period are fulfilled. The actual number of shares of
Goal-Based Stock that may be issued may be from 0% to 200% of the Target Amount, depending on the achievement of the Performance Goals. The Performance Period for purposes of this Agreement is the period beginning on January 1, 2020 and ending
on December 31, 2022. 
 2. Performance Achievement and Time of Goal-Based Stock Issuance. Upon the completion of the Performance
Period, the Committee will determine the final achievement of the Performance Goals described in Section 4. The Company will then calculate the final number of Goal-Based Stock shares to be issued based on such Performance Goal achievement.
Except as provided in Section 5(b) or 6, the appropriate number of Goal-Based Stock shares will be issued to the Participant at a time determined by the Committee, but not later than March 15, 2023. 

3. Forfeiture. Except as provided in Paragraphs 5 or 6, the Participant will forfeit any and all rights in the Goal-Based Stock if the
Participant’s employment with the Company or a Dominion Company terminates for any reason before the end of the Performance Period. 

4. Performance Goals. Issuance of Goal-Based Stock shares will be based on the Performance Goal achievement of the Performance Criteria
described in this Section 4 and further defined in Exhibit A. 
 a. TSR Performance. Total Shareholder Return
(TSR) Performance will determine fifty percent (50%) of the Target Amount (“TSR Percentage”). Relative TSR Performance and Absolute TSR Performance are each defined in Exhibit A. The percentage of the TSR Percentage of Goal-Based Stock
shares that will be issued, if any, is based on the following table: 
  

					
	 Relative
 TSR Performance

Percentile Ranking
	  	Percentage Payout
of TSR Percentage	 
	 85th or above
	  	 	200	% 
	 50th
	  	 	100	% 
	 25th
	  	 	50	% 
	 Below 25th
	  	 	0	% 

  
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 To the extent that the Company’s Relative TSR Performance ranks in a
percentile between the 25th and 85th percentile in the table above, then the TSR Percentage payout will be interpolated between the
corresponding TSR Percentage payout set forth above. No payment of the TSR Percentage of Goal-Based Stock shares will be made if the Relative TSR Performance is below the 25th percentile, except
that a payment of 25% of the TSR Percentage will be made if the Company’s Relative TSR Performance is below the 25th percentile but its Absolute TSR Performance is at least 9%. In addition to
the foregoing payments, and regardless of the Company’s Relative TSR Performance, either (but not both) of the following may be earned: (i) an additional payment of 25% of the TSR Percentage will be made if the Company’s Absolute TSR
Performance is at least 10% but less than 15%, and/or if the Company’s Price-Earnings Ratio (as defined in Exhibit A) is at or above the 50th percentile and below the top third of the group
of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto, or (ii) an additional payment of 50% of the TSR Percentage will be made if the Company’s Absolute TSR Performance is at
least 15%, and/or if the Company’s Price-Earnings Ratio is at or above the top third of the group of companies (inclusive of the Company) used to measure Relative TSR Performance in accordance with Exhibit A hereto (in either case, the
“Performance Adder”). The Committee may reduce or eliminate payment of the Performance Adder in its sole discretion. 

The aggregate payments under this Section 4(a) may not exceed 250% of the TSR Percentage. In addition, the overall
percentage payment under the entire Award may not exceed 200% of the Target Amount.
 b. ROIC Performance. Return on
Invested Capital Performance (“ROIC Performance”) will determine fifty percent (50%) of the Target Amount (“ROIC Percentage”). ROIC Performance is defined in Exhibit A. The percentage of the ROIC Percentage that will be paid out,
if any, is based on the following table: 
  

					
	 ROIC Performance
	  	Percentage Payout
of ROIC Percentage	 
	 7.31% and above
	  	 	200	% 
	 7.08%
	  	 	100	% 
	 6.84%
	  	 	50	% 
	 Below 6.84%
	  	 	0	% 

  

	 	•	 	 To the extent that the Company’s ROIC Performance is greater than 6.84% and less than 7.08%, the ROIC
Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. 

  

	 	•	 	 To the extent that the Company’s ROIC Performance is greater than 7.08% and less than 7.31%, the ROIC
Percentage payout will be interpolated between the applicable Percentage Payout of ROIC Percentage range set forth above. 

5. Retirement, Involuntary Termination without Cause, Death or Disability. 

a. Retirement or Involuntary Termination without Cause. Except as provided in Section 6, if the Participant
Retires (as such term is defined in Section 9(b) below) during the Performance Period or if the Participant’s employment is involuntarily terminated by the Company or a Dominion Company without Cause (as defined in the Employment
Continuity Agreement between the Participant and the Company) during the 

  
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Performance Period and the Participant would have been eligible for a payment if the Participant had remained employed until the end of the Performance Period, the Participant will receive a pro-rated payout of the Participant’s Goal-Based Stock Award equal to the number of Goal-Based Stock shares the Participant would have received had the Participant remained employed until the end of the
Performance Period, multiplied by a fraction, the numerator of which is the number of whole months from February 1, 2020 to the first day of the calendar month coinciding with or immediately following the date of the Participant’s
Retirement or termination of employment, and the denominator of which is thirty-five (35). Shares will be issued after the end of the Performance Period at the time provided in Section 2 based on the Performance Goal achievement approved by the
Committee. If the Participant Retires, however, no shares will be issued if the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the Committee in its sole
discretion) determines that the Participant’s Retirement is detrimental to the Company. Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Paragraph 5(a) will be forfeited. 

b. Death or Disability. If, while employed by the Company or a Dominion Company, a Participant dies or becomes Disabled
(as defined in Section 9(b) below) during the Performance Period, a number of Goal-Based Stock shares will be issued to the Participant or the Participant’s Beneficiary equal to the product of (i) and (ii) where: 

(i) is the number of shares that would be issued based on the predicted performance used for determining the compensation cost
recognized by the Company for this Goal-Based Stock Award for the latest financial statement filed with the Company’s Annual Report on Form 10-K or Quarterly Report on Form
10-Q immediately prior to the event; and 
 (ii) is a fraction, the numerator of
which is the number of whole months from February 1, 2020 to the first day of the calendar month coinciding with or immediately following the date of the Participant’s death or Disability, and the denominator of which is thirty-five (35).

 Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Section 5(b) will be forfeited. Goal-Based Stock shares
will be issued as soon as administratively feasible (and in any event within sixty (60) days) after the date of the Participant’s death or Disability. 

6. Qualifying Change of Control. Upon a Qualifying Change of Control prior to the end of the Performance Period, provided the
Participant has remained continuously employed with the Company or a Dominion Company from the Date of Grant to the date of the Qualifying Change of Control, a number of the Goal-Based Stock shares will be issued to the Participant equal to the
greater of (i) the Target Amount or (ii) the number of shares that would be issued at the end of the Performance Period if the predicted performance used for determining the compensation cost recognized by the Company for this Award for
the latest financial statement filed with the Company’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q immediately prior to the Qualifying Change of
Control was the actual performance for the Performance Period (in either case, the “COC Payout Amount”). The Goal-Based Stock shares will be issued on or as soon as administratively feasible (but in any event within sixty (60) days)
following the Qualifying Change of Control date. If a Qualifying Change of Control occurs prior to the end of the Performance Period and after a Participant has Retired or been involuntarily terminated without Cause pursuant to Section 5(a)
above, then the Participant will receive a pro-rated 

  
 3 

 
payout of the Participant’s Goal-Based Stock Award, equal to the COC Payout Amount multiplied by the fraction set forth in Section 5(a) above, with shares being issued on or as soon as
administratively feasible (but in any event within sixty (60) days) after the Qualifying Change of Control date. Any potential shares of Goal-Based Stock not issued in accordance with the terms of this Section 6 will be forfeited. 

7. Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, if the Participant’s employment with the
Company or a Dominion Company is terminated for Cause (as defined by the Employment Continuity Agreement between the Participant and the Company), the Participant will forfeit all rights to Goal-Based Stock shares awarded pursuant to this Agreement.

 8. Clawback of Award Payment.  
  

	 	a.	 Restatement of Financial Statements. If the Company’s financial statements are required to be
restated at any time within a two (2) year period following the end of the Performance Period as a result of fraud or intentional misconduct, the Committee may, in its discretion, based on the facts and circumstances surrounding the
restatement, direct the Company to recover all or a portion of the issued (vested) shares from the Participant if the Participant’s conduct directly caused or partially caused the need for the restatement. 

 

	 	b.	 Fraudulent or Intentional Misconduct. If the Company determines that the Participant has engaged in
fraudulent or intentional misconduct related to or materially affecting the Company’s business operations or the Participant’s duties at the Company, the Committee may, in its discretion, based on the facts and circumstances surrounding
the misconduct, direct the Company to withhold issuance of all or a portion of the Goal-Based Stock shares granted pursuant to this Agreement, or if shares have been issued, to recover all or a portion of the shares from the Participant.

  

	 	c.	 Recovery of Payout. The Company reserves the right to recover a Goal-Based Stock Award payout pursuant
to this Section 8 by (i) seeking recovery of the vested shares from the Participant; (ii) reducing the amount that would otherwise be payable to the Participant under another Company benefit plan or compensation program to the extent
permitted by applicable law; (iii) withholding future annual and long-term incentive awards or salary increases; or (iv) taking any combination of these actions. 

 

	 	d.	 No Limitation on Remedies. The Company’s right to recover Goal-Based or issued shares pursuant to
this Section 8 shall be in addition to, and not in lieu of, actions the Company may take to remedy or discipline a Participant’s misconduct including, but not limited to, termination of employment or initiation of a legal action for breach
of fiduciary duty. 

  

	 	e.	 Subject to Future Rulemaking. The Goal-Based Stock granted under this Agreement is subject to any
clawback policies the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and resulting rules issued by the Securities and Exchange Commission or national
securities exchanges thereunder and that the Company determines should apply to this Agreement. 

  
 4 

 9. Terms and Conditions. 

 

	 	a.	 Nontransferability; No Shareholder Rights. Except as provided in Section 5, this award of
Goal-Based Stock is not transferable and is subject to a substantial risk of forfeiture until the end of the Performance Period. A Participant shall have not have any rights as a shareholder with respect to the shares of Goal-Based Stock that may be
issued under this Agreement unless and until such shares have actually been issued to the Participant after the end of the Performance Period as provided herein. 

 

	 	b.	 Certain Definitions.  

(i) Retirement. For purposes of this Agreement, the term Retire or Retirement means a voluntary termination of
employment on a date when the Participant is eligible for early or normal retirement benefits under the terms of the Company Pension Plan (as defined below), or would be eligible if any crediting of deemed additional years of age or service
applicable to the Participant under a supplemental retirement plan of the Company was applied under the Company Pension Plan, as in effect at the time of the determination, or, for a Participant who is not eligible to participate in a Company
Pension Plan, a voluntary termination of employment on or after age 55, unless (in each case) the Company’s Chief Executive Officer in his sole discretion (or, if the Participant is the Company’s Chief Executive Officer, the Committee in
its sole discretion) determines that the Participant’s retirement is detrimental to the Company. “Company Pension Plan” means the applicable pension plan of the Company or its subsidiaries, if any, in which the Participant is eligible
to participate as of the Date of Grant, which may include either the Dominion Energy Pension Plan or the SCANA Corporation Retirement Plan or any successor thereto, but excluding the cash balance portion of any such plan. 

(ii) Disabled or Disability. For purposes of this Agreement, the term “Disabled” or “Disability”
means a disability as defined under Treasury Regulation Section 1.409A-3(i)(4). The Committee will determine whether or not a Disability exists and its determination will be conclusive and binding on the
Participant. 
  

	 	c.	 Delivery of Shares. 

(i) Share Delivery. Within the applicable time periods after the end of the Performance Period or after the occurrence
of an event described in Sections 5 or 6 as described above, the Company will deliver to the Participant (or in the event of the Participant’s death, the Participant’s Beneficiary) the appropriate number of shares of Company Stock. 

(ii) Withholding of Taxes. No Company Stock will be delivered until the Participant (or the Participant’s
Beneficiary) has paid to the Company the amount that must be withheld under federal, state and local income and 

  
 5 

 
employment tax laws (the “Applicable Withholding Taxes”) or the Participant and the Company have made satisfactory arrangements for the payment of such taxes. Unless the Participant
makes an alternative election, the Company will retain the number of shares of Goal-Based Stock (valued at their Fair Market Value) required to satisfy the Applicable Withholding Taxes. As an alternative to the Company retaining shares, the
Participant or the Participant’s Beneficiary may elect to (i) deliver Mature Shares (valued at their Fair Market Value) or (ii) make a cash payment to satisfy Applicable Withholding Taxes. 

 

	 	d.	 Fractional Shares. Fractional shares of Company Stock will not be issued. 

 

	 	e.	 No Right to Continued Employment. This Agreement does not confer upon the Participant any right with
respect to continuance of employment by the Company, nor will it interfere in any way with the right of the Company to terminate the Participant’s employment at any time. 

 

	 	f.	 Change in Capital Structure. The number and fair market value of shares of Goal-Based Stock awarded by
this Agreement will be automatically adjusted as provided in Section 18(a) of the Plan if the Company has a change in capital structure. 

  

	 	g.	 Governing Law. This Agreement shall be governed by the laws of the Commonwealth of Virginia, other than
its choice of law provisions. 

  

	 	h.	 Conflicts. In the event of any conflict between the provisions of the Plan and the provisions of this
Agreement, the provisions of the Plan will govern. 

  

	 	i.	 Participant Bound by Plan. By accepting this Agreement, Participant hereby acknowledges receipt of a
copy of the prospectus and Plan document accessible on the Company Intranet and agrees to be bound by all the terms and provisions thereof. 

  

	 	j.	 Binding Effect. This Agreement will be binding upon and inure to the benefit of the legatees,
distributees, and personal representatives of the Participant and the successors of the Company. 

  

	 	k.	 Performance Goal Adjustments. Pursuant to Section 10(c) of the Plan, the Committee may at any time,
in its sole discretion, remove or revise any performance goals or other performance objectives for this Goal-Based Stock Award. The Committee may exercise negative discretion to reduce payments under this Agreement as it deems appropriate.

  

	 	l.	 Section 409A. This Agreement and the Goal-Based Stock award arrangement described
herein is intended to comply with Section 409A of the Internal Revenue Code of 1986, as amended (“Code Section 409A”), and shall be interpreted to the maximum extent possible in accordance with such intent. To the extent
necessary to comply with Code Section 409A, no payment will be made earlier than six months after a Participant’s termination of employment other than for death if the Award is subject to Code Section 409A and the Participant is a
“specified employee” (within the meaning of Code Section 409A(a)(2)(B)(i)). 

  
 6 

 EXHIBIT A 

DOMINION ENERGY, INC. 

2020 GOAL-BASED STOCK AWARD AGREEMENT 

PERFORMANCE CRITERIA 

Total Shareholder Return 
 Relative TSR
Performance will be measured based on where the Company’s total shareholder return during the Performance Period ranks in relation to the total shareholder returns of the companies that are members of the Company’s compensation peer group
as of the Date of Grant as set forth below (the “Comparison Companies”): 
  

			
	Ameren Corporation	  	Exelon Corporation
	American Electric Power Company	  	FirstEnergy Corporation
	CenterPoint Energy	  	NextEra Energy
	Consolidated Edison Company	  	NiSource Incorporated
	DTE Energy Company	  	Public Service Enterprise Group
	Duke Energy Corporation	  	Sempra Energy
	Edison International	  	Southern Company
	Entergy Corporation	  	Xcel Energy
	Eversource Energy	  	

 The Comparison Companies shall be adjusted during the Performance Period as follows: 

 

	 	(i)	 In the event of a merger, acquisition or business combination transaction of a Comparison Company with or by
another Comparison Company, effective upon the public announcement of the transaction, the surviving entity shall remain a Comparison Company and the non-surviving entity shall cease to be a Comparison Company
(provided that, if the proposed transaction is subsequently terminated before the Relative TSR Performance is calculated, then the non-surviving company shall be retroactively reinstated as a Comparison
Company); 

  

	 	(ii)	 If it is publicly announced that a Comparison Company will be acquired by another company that is not a
Comparison Company, or in the event a “going private transaction” is publicly announced where the Comparison Company will not be the surviving entity or will otherwise no longer be publicly traded, the company shall cease to be a
Comparison Company as of the date such announcement is made (provided that, if the proposed transaction is subsequently terminated before the Relative TSR Performance is calculated, then the company shall be retroactively reinstated as a Comparison
Company); 

  

	 	(iii)	 In the event of a spinoff, divestiture, or sale of a substantial portion of assets of a Comparison Company, the
Comparison Company shall no longer be a Comparison Company if the company’s reported revenue (in its GAAP accounts) for the four most recently reported quarters ending on or before the last day of the Performance Period falls below 40% of
Dominion Energy’s reported revenue for last year of the Performance Period; and 

  

	 	(iv)	 In the event of a bankruptcy of a Comparison Company, such company shall remain a Comparison Company and its
stock price will continue to be tracked for purposes of Relative TSR Performance. If the company liquidates, it will remain a Comparison Company and its stock price will be reduced to zero for the remaining Performance Period. 

  
 i 

 Total shareholder return consists of the difference between the value of a share of common stock at the
beginning and end of the Performance Period, plus the value of gross dividends paid as if reinvested in stock and other appropriate adjustments for such events as stock splits. For purposes of TSR Performance, the total shareholder return of the
Company and the Comparison Companies will be calculated using Bloomberg.1 As soon as practicable after the completion of the Performance Period, the total shareholder returns of the Comparison
Companies will be calculated and ranked from highest to lowest by the Committee. The Company’s total shareholder return will then be ranked in terms of which percentile it would have placed in among the Comparison Companies. 

Absolute TSR Performance will be the Company’s total shareholder return on an average annual basis for the Performance Period. 

Price-Earnings Ratio 

“Price-Earnings Ratio” for the Company and each of the Comparison Companies means the forward price-earnings ratio (i.e. the share price on the last
day of the Performance Period divided by the expected earnings per share for the year following the end of the Performance Period) reported as of the last day of the Performance Period as sourced from FactSet or such other financial data provider as
the Committee may determine. The expected earnings per share will be the mean of analyst recommendations. Price-Earnings Ratio performance will be measured based on where the Company’s Price-Earnings Ratio ranks in relation to the
Price-Earnings Ratios of the Comparison Companies. As soon as practicable after the completion of the Performance Period, the Price-Earnings Ratios of the Comparison Companies will be determined and ranked from highest to lowest by the Committee.
The Company’s Price-Earnings Ratio will then be ranked in terms of which percentile it placed in among the Comparison Companies. 

Return on Invested Capital 
 Return on
Invested Capital (ROIC) 
 The following terms are used to calculate ROIC for purposes of the 2020 Goal-Based Stock Award: 

ROIC means Total Return divided by Average Invested Capital. Performance will be calculated for the three successive fiscal years within the
Performance Period, added together and then divided by three to arrive at an annual average ROIC for the Performance Period. 
 Total Return means
Operating Earnings plus After-tax Interest & Related Charges, determined for each of the three successive fiscal years within the Performance Period. 

Operating Earnings means operating earnings as disclosed on the Company’s earnings report furnished on Form
8-K for the applicable fiscal year. 
  

	1 	 Specifically, using the function “CUST-TRR-RETURN-PER” or successor functions as defined by Bloomberg. 

  
 ii 

 Average Invested Capital means the Average Balances for Long & Short-term Debt plus
Preferred Equity plus Common Shareholders’ Equity. The Average Balances for a year are calculated by performing the calculation at the end of each quarter during the fiscal year (including in the fiscal year’s opening balance sheet) and
then averaging those amounts over five quarters. Long and short-term debt shall be as reported in the Company’s consolidated balance sheet prepared under GAAP, net of cash and cash equivalents. 

Average Invested Capital will be calculated by excluding (i) accumulated other comprehensive income/(loss) from Common Shareholders’ Equity
(as shown on the Company’s financial statements); (ii) impacts from changes in accounting principles that were not prescribed as of the Date of Grant; and (iii) the effects of incremental impacts from
non-operating gains or losses during the Performance Period, as disclosed on the Company’s earnings report furnished on Form 8-K, that were not included in the
projection on which the original ROIC calculation was based at the time of the grant.

  
 iii

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