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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 265 $ 184 [1]
Customer receivables (less allowance for doubtful accounts) 2,148 2,251 [1]
Other receivables (less allowance for doubtful accounts) 241 258 [1]
Inventories 1,719 1,698 [1]
Regulatory assets [2] 1,092 1,309 [1]
Other [2] 1,018 1,158 [1]
Current assets held for sale 9,706 18,529 [1]
Total current assets 16,189 25,387 [1]
Investments    
Nuclear decommissioning trust funds 7,418 6,946 [1]
Investment in equity method affiliates 137 268 [1]
Other 339 324 [1]
Total investments 7,894 7,538 [1]
Property, Plant and Equipment    
Property, plant and equipment 85,497 83,417 [1]
Accumulated depreciation and amortization (24,941) (24,637) [1]
Total property, plant and equipment, net 60,556 58,780 [1]
Deferred Charges and Other Assets    
Goodwill 4,143 4,143 [1]
Regulatory assets [2] 7,859 8,356 [1]
Other 5,364 4,828 [1]
Total deferred charges and other assets 17,366 17,327 [1]
Total assets 102,005 109,032 [1] Close
Current Liabilities    
Securities due within one year [2] 2,344 6,589 [1]
Supplemental credit facility borrowings 450 450 [1]
Short-term debt 3,626 3,956 [1]
Accounts payable 721 921 [1]
Accrued interest, payroll and taxes [2] 1,286 1,075 [1]
Regulatory liabilities 512 522 [1]
Other [3] 2,093 2,078 [1]
Current liabilities held for sale 4,386 8,885 [1]
Total current liabilities 15,418 24,476 [1]
Long-Term Debt    
Long-term debt 32,960 32,368 [1]
Securitization bonds [2] 1,217 0 [1]
Junior subordinated notes 688 688 [1]
Other 199 192 [1]
Total long-term debt 35,064 33,248 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes 6,421 6,611 [1]
Deferred investment tax credits 1,089 1,098 [1]
Regulatory liabilities 9,043 8,674 [1]
Other 7,549 7,396 [1]
Total deferred credits and other liabilities 24,102 23,779 [1]
Total liabilities 74,584 81,503 [1] Close
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Preferred stock (see Note 16) 1,783 1,783 [1]
Common stock - no par [4] 23,763 23,728 [1]
Retained earnings 3,619 3,524 [1]
Accumulated other comprehensive loss (1,744) (1,506) [1]
Shareholders' equity 27,421 27,529 [1]
Noncontrolling interests 0 0 [1]
Total shareholders' equity 27,421 27,529 [1] Close
Total liabilities and shareholders' equity 102,005 109,032 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 119 90 [5]
Customer receivables (less allowance for doubtful accounts) 1,620 1,728 [5]
Other receivables (less allowance for doubtful accounts) 122 121 [5]
Affiliated receivables 212 50 [5]
Inventories 1,097 1,085 [5]
Regulatory assets [6] 744 868 [5]
Other [6],[7] 297 375 [5]
Total current assets 4,211 4,317 [5]
Investments    
Nuclear decommissioning trust funds 3,960 3,716 [5]
Other 4 4 [5]
Total investments 3,964 3,720 [5]
Property, Plant and Equipment    
Property, plant and equipment 62,668 60,963 [5]
Accumulated depreciation and amortization (17,377) (17,096) [5]
Total property, plant and equipment, net 45,291 43,867 [5]
Deferred Charges and Other Assets    
Regulatory assets [6] 4,352 4,317 [5]
Other [7] 2,626 2,397 [5]
Total deferred charges and other assets 6,978 6,714 [5]
Total assets 60,444 58,618 [5]
Current Liabilities    
Securities due within one year [6] 100 381 [5]
Short-term debt [6] 0 455 [5]
Accounts payable 453 597 [5]
Payables to affiliates 95 111 [5]
Affiliated current borrowings 1 500 [5]
Accrued interest, payroll and taxes [6] 414 293 [5]
Regulatory liabilities 284 321 [5]
Other [7] 1,437 1,529 [5]
Total current liabilities 2,784 4,187 [5]
Long-Term Debt    
Long-term debt 18,032 17,043 [5]
Securitization bonds [6] 1,217 0 [5]
Other [6] 86 72 [5]
Total long-term debt 19,335 17,115 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes 3,931 3,624 [5]
Deferred investment tax credits 651 656 [5]
Regulatory liabilities 6,343 5,978 [5]
Other [7] 5,524 5,401 [5]
Total deferred credits and other liabilities 16,449 15,659 [5]
Total liabilities 38,568 36,961 [5]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Common stock - no par [8] 8,987 8,987 [5]
Other paid-in capital 1,113 1,113 [5]
Retained earnings 11,757 11,541 [5]
Accumulated other comprehensive loss 19 16 [5]
Shareholders' equity 21,876 21,657 [5]
Total liabilities and shareholders' equity $ 60,444 $ 58,618 [5]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2023 has been derived from the audited Consolidated Balance Sheet at that date.
[2] See Note 15 for amounts attributable to VIEs.
[3] See Note 10 for amounts attributable to related parties.
[4] 1.8 billion shares authorized; 838 million shares outstanding at both March 31, 2024 and December 31, 2023.
[5] Virginia Power’s Consolidated Balance Sheet at December 31, 2023 has been derived from the audited Consolidated Balance Sheet at that date.
[6] See Note 15 for amounts attributable to VIEs.
[7] See Note 19 for amounts attributable to affiliates.
[8] 500,000 shares authorized; 324,245 shares outstanding at both March 31, 2024 and December 31, 2023.