00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Dominion Energy filed a lawsuit on December 23rd, challenging a Trump administration's
00:07stop work order that halted offshore construction on five U.S. wind projects
00:11on December 22nd, according to Electric. The coastal Virginia offshore wind project has
00:18been under construction since early 2024 and was scheduled to begin operations in early 2026,
00:23with capacity to power about 660,000 homes. Dominion said it has spent about $8.9 billion
00:31of the project's $11.2 billion cost, while rising data center growth has increased Virginia's
00:39energy demand. The dispute centers on a Trump administration claim that offshore wind turbines
00:45pose national security risks based on classified reports citing potential radar interference from
00:50turbine blades and towers. Dominion argues the stop work order is arbitrary and unconstitutional,
00:57forcing offshore vessels and crews to remain idle while costs continue to accumulate.
01:02A hearing is scheduled for January 16th. For all things money, visit Benzinga.com.
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