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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 1,776 $ 184 [1]
Customer receivables (less allowance for doubtful accounts) 2,082 2,251 [1]
Other receivables (less allowance for doubtful accounts) 265 258 [1]
Inventories 1,717 1,698 [1]
Derivative assets 545 699
Regulatory assets [2] 1,030 1,309 [1]
Other [2] 550 459 [1]
Current assets held for sale 26 18,529 [1]
Total current assets 7,991 25,387 [1]
Investments    
Nuclear decommissioning trust funds 8,017 6,946 [1]
Investment in equity method affiliates 134 268 [1]
Other 348 324 [1]
Total investments 8,499 7,538 [1]
Property, Plant and Equipment    
Property, plant and equipment 91,164 83,417 [1]
Accumulated depreciation and amortization (25,742) (24,637) [1]
Total property, plant and equipment, net 65,422 58,780 [1]
Deferred Charges and Other Assets    
Goodwill 4,143 4,143 [1]
Regulatory assets [2] 8,352 8,356 [1]
Other 5,413 4,828 [1]
Total deferred charges and other assets 17,908 17,327 [1]
Total assets 99,820 109,032 [1] Close
Current Liabilities    
Securities due within one year [2] 1,820 6,589 [1]
Supplemental credit facility borrowings 0 450 [1]
Short-term debt 4,104 3,956 [1]
Accounts payable 937 921 [1]
Accrued interest, payroll and taxes [2] 1,354 1,075 [1]
Regulatory liabilities 714 522 [1]
Derivative liabilities 107 346
Other [3] 1,796 1,732 [1]
Current liabilities held for sale 0 8,885 [1]
Total current liabilities 10,832 24,476 [1]
Long-Term Debt    
Long-term debt 33,779 32,368 [1]
Securitization bonds [2] 1,136 0 [1]
Junior subordinated notes 1,981 688 [1]
Other 205 192 [1]
Total long-term debt 37,101 33,248 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes 6,404 6,611 [1]
Deferred investment tax credits 1,077 1,098 [1]
Regulatory liabilities 8,995 8,674 [1]
Asset retirement obligations 6,584 5,641 [1]
Other 1,296 1,755 [1]
Total deferred credits and other liabilities 24,356 23,779 [1]
Total liabilities 72,289 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] 23,854 23,728 [1]
Retained earnings 3,983 3,524 [1]
Accumulated other comprehensive (loss) income (1,654) (1,506) [1]
Shareholders' equity 27,531 27,529 [1]
Noncontrolling interests 0 0 [1]
Total shareholders' equity 27,531 27,529 [1] Close
Total liabilities and shareholders' equity 99,820 109,032 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 28 90 [5]
Customer receivables (less allowance for doubtful accounts) 1,618 1,728 [5]
Other receivables (less allowance for doubtful accounts) 115 121 [5]
Affiliated receivables 73 50 [5]
Inventories 1,125 1,085 [5]
Derivative assets [6] 135 234 [5]
Regulatory assets [7] 751 868 [5]
Other [7] 271 141 [5]
Total current assets 4,116 4,317 [5]
Investments    
Nuclear decommissioning trust funds 4,266 3,716 [5]
Other 4 4 [5]
Total investments 4,270 3,720 [5]
Property, Plant and Equipment    
Property, plant and equipment 67,498 60,963 [5]
Accumulated depreciation and amortization (17,908) (17,096) [5]
Total property, plant and equipment, net 49,590 43,867 [5]
Deferred Charges and Other Assets    
Regulatory assets [7] 4,561 4,317 [5]
Other [6] 2,595 2,397 [5]
Total deferred charges and other assets 7,156 6,714 [5]
Total assets 65,132 58,618 [5]
Current Liabilities    
Securities due within one year 540 381 [5]
Short-term debt 740 455 [5]
Accounts payable 656 597 [5]
Payables to affiliates 95 111 [5]
Affiliated current borrowings 633 500 [5]
Accrued interest, payroll and taxes 493 293 [5]
Regulatory liabilities 516 321 [5]
Derivative liabilities 80 244 [5]
Other 1,328 1,285 [5]
Total current liabilities 5,081 4,187 [5]
Long-Term Debt    
Long-term debt 18,872 17,043 [5]
Securitization bonds 1,136 0 [5]
Other 96 72 [5]
Total long-term debt 20,104 17,115 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes 4,073 3,624 [5]
Deferred investment tax credits 645 656 [5]
Regulatory liabilities 6,395 5,978 [5]
Asset retirement obligations 4,728 4,276 [5]
Other 1,096 1,125 [5]
Total deferred credits and other liabilities 16,937 15,659 [5]
Total liabilities 42,122 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 12,889 11,541 [5]
Accumulated other comprehensive (loss) income 21 16 [5]
Shareholders' equity 23,010 21,657 [5]
Total liabilities and shareholders' equity $ 65,132 $ 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; 840 million shares outstanding at September 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 19 for amounts attributable to affiliates.
[7] See Note 15 for amounts attributable to VIEs.
[8] 500,000 shares authorized; 324,245 shares outstanding at both September 30, 2024 and December 31, 2023.