Name of Registrant: Dominion Energy
Name of persons relying on exemption: California Public Employees Retirement System (CalPERS)
Dear Dominion Energy Shareowner:
Vote FOR Proposal #5 to nominate an Independent Board Chair
CalPERS is the largest state public pension fund in the United States with approximately $450 billion in total assets under management and a long-term owner of over five million shares in Dominion
Energy. CalPERS believes that investors will benefit if the board is chaired by an independent director who can provide a balance of power between the CEO and the board, and support effective board oversight of management. Therefore, we will be
voting FOR shareowner proposal #5 at the company’s annual meeting on May 5th, 2021.
Corporate Governance Best Practice
We believe that appointing a board chair who is independent of management is nearly always preferable to having one individual lead both the board and the management team. Leading corporate
governance investor organizations like the Counsel of Institutional Investors and the International Corporate Governance Network also agree. While we recognize that Dominion Energy has appointed a lead independent director, in our view an independent
board chair is better positioned to oversee the executives of the company and represent shareholders without the inherent conflicts that a CEO or other executive insiders will encounter.
Consistent with CalPERS Governance & Sustainability Principles, we will also be voting FOR Proposal #4 asking for improved reporting of lobbying activities and expenditures.
Thank you for your support.
Sincerely,
SIMISO NZIMA
Investment Director, Global Equity
CalPERS Investment Office
PLEASE NOTE: The cost of this solicitation is being borne entirely by CalPERS and is being done through the use of mail and telephone communication. CalPERS is not asking for your proxy card. Please
do not send us your proxy card.