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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 137 $ 120 [1]
Customer receivables (less allowance for doubtful accounts) 2,266 2,157 [1]
Other receivables (less allowance for doubtful accounts) 294 383 [1]
Inventories 1,633 1,528 [1]
Derivative assets 221 1,019 [1]
Margin deposit assets 161 480 [1]
Regulatory assets 1,484 1,883 [1]
Other 437 504 [1]
Current assets held for sale 18,046 1,776 [1]
Total current assets 24,679 9,850 [1]
Investments    
Nuclear decommissioning trust funds 6,345 5,957 [1]
Investment in equity method affiliates 301 295 [1]
Other 326 325 [1]
Total investments 6,972 6,577 [1]
Property, Plant and Equipment    
Property, plant and equipment 80,652 75,178 [1]
Accumulated depreciation, depletion and amortization (24,491) (23,352) [1]
Total property, plant and equipment, net 56,161 51,826 [1]
Deferred Charges and Other Assets    
Goodwill 4,143 4,143 [1]
Regulatory assets 8,266 8,265 [1]
Other 5,722 4,780 [1]
Total deferred charges and other assets 18,131 17,188 [1]
Noncurrent assets held for sale 0 18,802 [1]
Total assets 105,943 104,243 [1] Close
Current Liabilities    
Securities due within one year 4,147 3,337 [1]
Supplemental credit facility borrowings 900 0 [1]
Short-term debt 3,785 3,423 [1]
Accounts payable 756 1,165 [1]
Accrued interest, payroll and taxes 1,168 910 [1]
Derivative liabilities 457 772 [1]
Regulatory liabilities 434 748 [1]
Other [2] 1,655 1,697 [1]
Current liabilities held for sale 8,331 1,398 [1]
Total current liabilities 21,633 13,450 [1]
Long-Term Debt    
Long-term debt 32,145 32,515 [1]
Junior subordinated notes 688 1,387 [1]
Supplemental credit facility borrowings 0 450 [1]
Other 224 232 [1]
Total long-term debt 33,057 34,584 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,834 5,397 [1]
Regulatory liabilities 8,736 8,417 [1]
Other 7,655 6,963 [1]
Total deferred credits and other liabilities 23,225 20,777 [1]
Noncurrent liabilities held for sale 0 7,551 [1]
Total liabilities 77,915 76,362 [1] Close
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Preferred stock (see Note 16) 1,783 1,783 [1]
Common stock - no par [3] 23,720 23,605 [1]
Retained earnings 4,090 4,065 [1]
Accumulated other comprehensive loss (1,565) (1,572) [1]
Shareholders' equity 28,028 27,881 [1]
Noncontrolling interests 0 0 [1]
Total shareholders' equity 28,028 27,881 [1] Close
Total liabilities and shareholders' equity 105,943 104,243 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 37 22 [4]
Customer receivables (less allowance for doubtful accounts) 1,743 1,578 [4]
Other receivables (less allowance for doubtful accounts) 169 204 [4]
Affiliated receivables 72 7 [4]
Inventories 1,019 924 [4]
Derivative assets [5] 55 765 [4]
Margin deposit assets 24 310 [4]
Regulatory assets 921 1,140 [4]
Other 109 52 [4]
Total current assets 4,149 5,002 [4]
Investments    
Nuclear decommissioning trust funds 3,400 3,202 [4]
Other 3 3 [4]
Total investments 3,403 3,205 [4]
Property, Plant and Equipment    
Property, plant and equipment 59,124 54,697 [4]
Accumulated depreciation, depletion and amortization (17,079) (16,218) [4]
Total property, plant and equipment, net 42,045 38,479 [4]
Deferred Charges and Other Assets    
Regulatory assets 4,369 4,247 [4]
Other [5] 2,896 2,261 [4]
Total deferred charges and other assets 7,265 6,508 [4]
Total assets 56,862 53,194 [4]
Current Liabilities    
Securities due within one year 380 1,164 [4]
Short-term debt 942 941 [4]
Accounts payable 508 600 [4]
Payables to affiliates 95 255 [4]
Affiliated current borrowings 1,794 2,024 [4]
Accrued interest, payroll and taxes 438 270 [4]
Derivative liabilities [5] 310 298 [4]
Regulatory liabilities 226 506 [4]
Other 1,213 1,176 [4]
Total current liabilities 5,906 7,234 [4]
Long-Term Debt    
Long-term debt 17,041 14,916 [4]
Other 69 65 [4]
Total long-term debt 17,110 14,981 [4]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,952 3,452 [4]
Regulatory liabilities 5,973 5,499 [4]
Other [5] 5,503 4,783 [4]
Total deferred credits and other liabilities 15,428 13,734 [4]
Total liabilities 38,444 35,949 [4]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Common stock - no par [6] 5,738 5,738 [4]
Other paid-in capital 1,113 1,113 [4]
Retained earnings 11,543 10,385 [4]
Accumulated other comprehensive loss 24 9 [4]
Shareholders' equity 18,418 17,245 [4]
Total liabilities and shareholders' equity $ 56,862 $ 53,194 [4]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date and recast for certain events as discussed in Note 1.
[2] See Note 10 for amounts attributable to related parties.
[3] 1.8 billion shares authorized; 837 million and 835 million shares outstanding at September 30, 2023 and December 31, 2022, respectively.
[4] Virginia Power’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date.
[5] See Note 19 for amounts attributable to affiliates.
[6] 500,000 shares authorized; 274,723 shares outstanding at September 30, 2023 and December 31, 2022.