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Simpson Thacher represented JPMorgan Chase Bank, N.A., as Administrative Agent, Joint Lead Arranger and Joint Bookrunner, in connection with the fifth amended and restated $6 billion revolving credit agreement entered into by Dominion Energy, Inc. (“Dominion Energy”) and its wholly-owned subsidiaries, Virginia Electric and Power Company, Questar Gas Company and Dominion Energy South Carolina, Inc. The credit facility links pricing to the achievement of annual renewable electric generation and diversity and inclusion objectives.

Simpson Thacher also represented Sumitomo Mitsui Banking Corporation, as Administrative Agent, Joint Lead Arranger and Joint Bookrunner, in connection with a $900 million sustainability revolving credit agreement entered into by Dominion Energy. This credit facility presents a first of its kind structure whereby pricing benefits accrue for draws related to qualified environmental sustainability or social justice initiatives.

More than 7 million customers in 16 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050.

The Simpson Thacher team included Michael Vernace and William Perrone (Banking and Credit). Summer Associate Ron Kim provided valuable assistance.