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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 139 $ 184 [1]
Customer receivables (less allowance for doubtful accounts) 2,256 2,251 [1]
Other receivables (less allowance for doubtful accounts) 238 258 [1]
Inventories 1,758 1,698 [1]
Regulatory assets [2] 969 1,309 [1]
Other [2] 1,284 1,158 [1]
Current assets held for sale 4,108 18,529 [1]
Total current assets 10,752 25,387 [1]
Investments    
Nuclear decommissioning trust funds 7,608 6,946 [1]
Investment in equity method affiliates 135 268 [1]
Other 341 324 [1]
Total investments 8,084 7,538 [1]
Property, Plant and Equipment    
Property, plant and equipment 88,705 83,417 [1]
Accumulated depreciation and amortization (25,342) (24,637) [1]
Total property, plant and equipment, net 63,363 58,780 [1]
Deferred Charges and Other Assets    
Goodwill 4,143 4,143 [1]
Regulatory assets [2] 8,349 8,356 [1]
Other 5,726 4,828 [1]
Total deferred charges and other assets 18,218 17,327 [1]
Total assets 100,417 109,032 [1] Close
Current Liabilities    
Securities due within one year [2] 1,800 6,589 [1]
Supplemental credit facility borrowings 0 450 [1]
Short-term debt 3,162 3,956 [1]
Accounts payable 917 921 [1]
Accrued interest, payroll and taxes [2] 861 1,075 [1]
Regulatory liabilities 835 522 [1]
Other [3] 2,101 2,078 [1]
Current liabilities held for sale 1,830 8,885 [1]
Total current liabilities 11,506 24,476 [1]
Long-Term Debt    
Long-term debt 32,615 32,368 [1]
Securitization bonds [2] 1,136 0 [1]
Junior subordinated notes 2,666 688 [1]
Other 200 192 [1]
Total long-term debt 36,617 33,248 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes 6,592 6,611 [1]
Deferred investment tax credits 1,084 1,098 [1]
Regulatory liabilities 8,996 8,674 [1]
Asset retirement obligations 6,775 5,641 [1]
Other 1,774 1,755 [1]
Total deferred credits and other liabilities 25,221 23,779 [1]
Total liabilities 73,344 81,503 [1] Close
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Preferred stock (see Note 16) 1,348 1,783 [1]
Common stock - no par [4] 23,809 23,728 [1]
Retained earnings 3,603 3,524 [1]
Accumulated other comprehensive (loss) income (1,687) (1,506) [1]
Shareholders' equity 27,073 27,529 [1]
Noncontrolling interests 0 0 [1]
Total shareholders' equity 27,073 27,529 [1] Close
Total liabilities and shareholders' equity 100,417 109,032 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 41 90 [5]
Customer receivables (less allowance for doubtful accounts) 1,737 1,728 [5]
Other receivables (less allowance for doubtful accounts) 108 121 [5]
Affiliated receivables 47 50 [5]
Inventories 1,107 1,085 [5]
Regulatory assets [6] 662 868 [5]
Other [6],[7] 444 375 [5]
Total current assets 4,146 4,317 [5]
Investments    
Nuclear decommissioning trust funds 4,059 3,716 [5]
Other 4 4 [5]
Total investments 4,063 3,720 [5]
Property, Plant and Equipment    
Property, plant and equipment 65,250 60,963 [5]
Accumulated depreciation and amortization (17,663) (17,096) [5]
Total property, plant and equipment, net 47,587 43,867 [5]
Deferred Charges and Other Assets    
Regulatory assets [6] 4,593 4,317 [5]
Other [7] 2,810 2,397 [5]
Total deferred charges and other assets 7,403 6,714 [5]
Total assets 63,199 58,618 [5]
Current Liabilities    
Securities due within one year [6] 531 381 [5]
Short-term debt 0 455 [5]
Accounts payable 601 597 [5]
Payables to affiliates 112 111 [5]
Affiliated current borrowings 1,505 500 [5]
Accrued interest, payroll and taxes [6] 356 293 [5]
Regulatory liabilities 612 321 [5]
Derivative liabilities [7] 124 244 [5]
Other 1,369 1,285 [5]
Total current liabilities 5,210 4,187 [5]
Long-Term Debt    
Long-term debt 17,684 17,043 [5]
Securitization bonds [6] 1,136 0 [5]
Other 88 72 [5]
Total long-term debt 18,908 17,115 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes 3,964 3,624 [5]
Deferred investment tax credits 649 656 [5]
Regulatory liabilities 6,298 5,978 [5]
Asset retirement obligations 4,726 4,276 [5]
Other [7] 1,085 1,125 [5]
Total deferred credits and other liabilities 16,722 15,659 [5]
Total liabilities 40,840 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 12,236 11,541 [5]
Accumulated other comprehensive (loss) income 23 16 [5]
Shareholders' equity 22,359 21,657 [5]
Total liabilities and shareholders' equity $ 63,199 $ 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; 839 million shares outstanding at June 30, 2024 and 838 million shares outstanding at 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 June 30, 2024 and December 31, 2023.