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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 184 $ 119
Customer receivables (less allowance for doubtful accounts) 2,251 2,157
Other receivables (less allowance for doubtful accounts) 258 375
Inventories:    
Materials and supplies 1,251 1,132
Fossil fuel 417 358
Gas stored 30 38
Derivative assets 699 1,019
Margin deposit assets 38 480
Prepayments 246 294
Regulatory assets 1,309 1,883
Other 175 210
Current assets held for sale 18,529 1,785
Total current assets 25,387 9,850
Investments    
Nuclear decommissioning trust funds 6,946 5,957
Investment in equity method affiliates [1] 268 295
Other 324 325
Total investments 7,538 6,577
Property, Plant and Equipment    
Property, plant and equipment 83,417 75,708
Accumulated depreciation and amortization (24,637) (23,396)
Total property, plant and equipment, net 58,780 52,312
Deferred Charges and Other Assets    
Goodwill [2] 4,143 4,143
Pension and other postretirement benefit assets 1,779 1,479
Intangible assets, net 945 813
Derivative assets 597 1,038
Regulatory assets 8,356 8,265
Other 1,507 1,487
Total deferred charges and other assets 17,327 17,225
Noncurrent Assets Held for Sale   18,831
Total assets 109,032 104,795 Close
Current Liabilities    
Securities due within one year 6,589 3,337
Supplemental credit facility borrowings 450 0
Short-term debt 3,956 3,423
Accounts payable 921 1,163
Accrued interest, payroll and taxes 1,075 909
Derivative liabilities 346 772
Regulatory liabilities 522 748
Other [3] 1,732 1,695
Current liabilities held for sale 8,885 1,403
Total current liabilities 24,476 13,450
Long-Term Debt    
Long-term debt 32,368 32,515
Junior subordinated notes 688 1,387
Supplemental credit facility borrowings 0 450
Other 192 232
Total long-term debt 33,248 34,584
Deferred Credits and Other Liabilities    
Deferred income taxes 6,611 5,021
Deferred investment tax credits 1,098 1,140
Regulatory liabilities 8,674 8,435
Asset retirement obligations 5,641 5,062
Derivative liabilities 321 625
Other 1,434 1,275
Total deferred credits and other liabilities 23,779 21,558
Noncurrent Liabilities Held for Sale 0 7,544
Total liabilities 81,503 77,136 Close
Commitments and Contingencies (see Note 23)
Shareholders' Equity    
Preferred stock (See Note 19) 1,783 1,783
Common stock - no par [4] 23,728 23,605
Retained earnings 3,524 3,843
Accumulated other comprehensive (loss) income (1,506) (1,572)
Shareholders' equity 27,529 27,659
Noncontrolling interests 0 0
Total shareholders' equity 27,529 27,659 Close
Total liabilities and shareholders' equity 109,032 104,795
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 90 22
Customer receivables (less allowance for doubtful accounts) 1,728 1,578
Other receivables (less allowance for doubtful accounts) 121 204
Affiliated receivables 50 7
Inventories:    
Materials and supplies 761 663
Fossil fuel 324 261
Derivative assets [5] 234 765
Margin deposit assets 35 310
Prepayments 46 43
Regulatory assets 868 1,140
Other 60 9
Total current assets 4,317 5,002
Investments    
Nuclear decommissioning trust funds 3,716 3,202
Other 4 3
Total investments 3,720 3,205
Property, Plant and Equipment    
Property, plant and equipment 60,963 54,697
Accumulated depreciation and amortization (17,096) (16,218)
Total property, plant and equipment, net 43,867 38,479
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [5] 584 518
Intangible assets, net 653 536
Regulatory assets 4,317 4,247
Other [5] 1,160 1,207
Total deferred charges and other assets 6,714 6,508
Total assets 58,618 53,194
Current Liabilities    
Securities due within one year 381 1,164
Short-term debt 455 941
Accounts payable 597 600
Payables to affiliates 111 255
Affiliated current borrowings 500 2,024
Accrued interest, payroll and taxes 293 270
Asset retirement obligations 377 350
Derivative liabilities [6] 244 298
Regulatory liabilities 321 506
Other 908 826
Total current liabilities 4,187 7,234
Long-Term Debt    
Long-term debt 17,043 14,916
Other 72 65
Total long-term debt 17,115 14,981
Deferred Credits and Other Liabilities    
Deferred income taxes 3,624 3,065
Deferred investment tax credits 656 665
Regulatory liabilities 5,978 5,517
Asset retirement obligations 4,276 3,743
Other [6] 1,125 1,040
Total deferred credits and other liabilities 15,659 14,030
Total liabilities 36,961 36,245
Commitments and Contingencies (see Note 23)
Shareholders' Equity    
Common stock - no par [7] 8,987 5,738
Other paid-in capital 1,113 1,113
Retained earnings 11,541 10,089
Accumulated other comprehensive (loss) income 16 9
Shareholders' equity 21,657 16,949
Total liabilities and shareholders' equity $ 58,618 $ 53,194
[1] Excludes liability to Atlantic Coast Pipeline.
[2] Goodwill amounts do not contain any accumulated impairment losses.
[3] See Note 9 for amounts attributable to related parties.
[4] 1.8 billion shares authorized; 838 million shares and 835 million shares outstanding at December 31, 2023 and 2022, respectively.
[5] See Note 25 for amounts attributable to affiliates.
[6] See Note 25 for amounts attributable to affiliates.
[7] 500,000 shares authorized; 324,245 shares and 274,723 shares outstanding at December 31, 2023 and 2022, respectively.