Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2022

Results of Operations Reported within Discontinued Operations

The following table represents selected information regarding the results of operations, which were reported within discontinued operations in Dominion Energy’s Consolidated Statements of Income:

	Business Review Dispositions
Year Ended December 31, 2022	East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Operating revenue	$	1,043	$	841	$	1,341	$	5
Operating expense		702		648		1,043		5
Other income (expense)		28		9		—		—
Interest and related charges		36		43		45		—
Income before income taxes		333		159		253		—
Income tax expense		45		34		50		—
Net income attributable to Dominion Energy(1)	$	288	$	125	$	203	$	—

(1)Excludes $(3) million of income tax expense (benefit) attributable to consolidated state and interim period tax allocation adjustments for the year ended December 31, 2022.

	Disposition of Gas Transportation & Storage Operations		Business Review Dispositions
Year Ended December 31, 2021	Q-Pipe Group(1)		East Ohio Transaction		PSNC Transaction		Questar Gas Transaction			Other
(millions)
Operating revenue	$	254	$	908	$	613	$	1,020		$	4
Operating expense		76		620		451		761			5
Other income (expense)(2)		28		25		11		(1	)		—
Interest and related charges		25		18		35		35			—
Income (loss) before income taxes		181		295		138		223			(1	)
Income tax expense (benefit)		36		38		27		42			—
Net income (loss) attributable to Dominion Energy(3)	$	145	$	257	$	111	$	181		$	(1	)

(1)Operations associated with the Q-Pipe Group are through the December 31, 2021 closing date.

(2)Q-Pipe Group includes a $25 million benefit associated with the termination of the Q-Pipe Transaction in 2021.

(3)Excludes $19 million of income tax expense (benefit) attributable to consolidated state and interim period tax allocation adjustments for the year ended December 31, 2021.

	Disposition of Gas Transportation & Storage Operations						Business Review Dispositions
Year Ended December 31, 2020	GT&S Transaction(1)			Q-Pipe Group			East Ohio Transaction			PSNC Transaction		Questar Gas Transaction
(millions)
Operating revenue	$	1,710		$	246		$	771		$	539	$	938
Operating expense(2)		1,289			96			540			376		676
Other income (expense)		88			1			20			12		(2	)
Interest and related charges (benefit)(3)		372			20			(32	)		38		32
Income before income taxes		137			131			283			137		228
Income tax expense (benefit)(4)		334			(9	)		35			30		45
Net income (loss) including noncontrolling interests		(197	)		140			248			107		183
Noncontrolling interests		106			—			—			—		—
Net income (loss) attributable to Dominion Energy(5)	$	(303	)	$	140		$	248		$	107	$	183

(1)Operations associated with the GT&S Transaction are through the November 1, 2020 close date.

(2)GT&S Transaction includes a charge of $482 million ($359 million after-tax) recorded in 2020 associated with the probable abandonment of a significant portion of the Supply Header Project as well as the establishment of a $75 million ARO as a result of the cancellation of the Atlantic Coast Pipeline Project.

(3)GT&S Transaction includes a loss of $237 million ($178 million after-tax) recorded in 2020 associated with cash flow hedges of debt-related items that were determined to be probable of not occurring.

(4)Excludes $17 million income tax benefit recorded in 2021 associated with the GT&S Transaction.

(5)Excludes $24 million of income tax expense (benefit) attributable to consolidated state and interim period tax allocation adjustments for the year ended December 31, 2020.

Schedule of Major Classes of Assets and Liabilities of Disposal Groups Reported As Held for Sale

The carrying value of major classes of assets and liabilities relating to the disposal groups, which are reported as held for sale in Dominion Energy's Consolidated Balance Sheets were as follows:

	At December 31, 2022								At December 31, 2021
	Business Review Dispositions								Business Review Dispositions
	East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other		East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Current assets(1)	$	544	$	381	$	803	$	1	$	439	$	296	$	422	$	1
Property, plant and equipment, net		5,012		2,591		3,984		47		4,636		2,506		3,677		52
Other deferred charges and other    assets, including goodwill(2) and    intangible assets		2,629		822		1,043		—		2,563		823		1,101		—
Current liabilities(3)		634		151		612		1		557		133		263		1
Long-term debt(4)		2,287		798		1,245		—		1,786		798		995		—
Other deferred credits and    liabilities(5)		1,435		689		1,087		9		1,408		673		1,039		14

(1)Includes cash and cash equivalents of $6 million and $3 million within the East Ohio Transaction, less than $1 million and $14 million within the PSNC Transaction and $28 million and $17 million within the Questar Gas Transaction at December 31, 2022 and 2021, respectively. Also includes regulatory assets of $90 million and $56 million within the East Ohio Transaction, $95 million and $88 million within the PSNC Transaction and $273 million and $125 million within the Questar Gas Transaction at December 31, 2022 and 2021, respectively

(2)Includes goodwill of $1.5 billion, $673 million and $983 million at both December 31, 2022 and 2021 within the East Ohio, PSNC and Questar Gas Transactions, respectively. Also includes regulatory assets of $751 million and $607 million within the East Ohio Transaction, $93 million and $103 million within the PSNC Transaction and $(22) million and $47 million within the Questar Gas Transaction at December 31, 2022 and 2021, respectively.

(3)Includes regulatory liabilities of $43 million and $51 million within the East Ohio Transaction, $11 million and $18 million within the PSNC Transaction and $144 million and $28 million within the Questar Gas Transaction at December 31, 2022 and 2021, respectively.

(4)Includes East Ohio Unsecured Senior Notes due 2025 to 2052 at rates from 1.30% to 6.38% and with a weighted-average coupon rate for debt outstanding at December 31, 2022 of 3.13%; PSNC Unsecured Senior Notes due 2026 to 2051 at rates from 3.10% to 7.45% and with a weighted-average coupon rate for debt outstanding at December 31, 2022 of 4.34% and Questar Gas Unsecured Senior Notes due 2024 to 2052 at rates from 2.21% to 7.20% and with a weighted-average coupon rate for debt outstanding at December 31, 2022 of 3.99%.

(5)Includes regulatory liabilities of $749 million and $754 million within the East Ohio Transaction, $436 million and $435 million within the PSNC Transaction and $506 million and $500 million within the Questar Gas Transaction at December 31, 2022 and 2021, respectively.

GT&S Transaction | Dominion Energy Gas Holdings, LLC

Capital Expenditures and Significant Noncash Items Relating to the Disposal Groups

Capital expenditures and significant noncash items relating to the disposal groups included the following:

	Business Review Dispositions
Year Ended December 31, 2022	East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Capital expenditures	$	456	$	153	$	438	$	—
Significant noncash items
Depreciation, depletion and amortization		134		87		163		4
Accrued capital expenditures		53		16		31		—

	Disposition of Gas Transportation & Storage Operations		Business Review Dispositions
Year Ended December 31, 2021	Q-Pipe Group(1)		East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Capital expenditures(2)	$	34	$	420	$	195	$	416	$	—
Significant noncash items
Depreciation, depletion and amortization		—		122		81		168		4
Accrued capital expenditures		—		27		41		25		—

(1)Operations associated with the Q-Pipe Group are through the December 31, 2021 closing date.

(2)In November 2021, Wexpro closed on an agreement with a natural gas gathering systems operator to purchase an existing natural gas gathering system in Wyoming including pipelines, compressors and dehydration equipment for total consideration of $41 million, included in the Questar Gas Transaction.

	Disposition of Gas Transportation & Storage Operations				Business Review Dispositions
Year Ended December 31, 2020	GT&S Transaction(1)		Q-Pipe Group		East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Capital expenditures	$	292	$	38	$	393	$	259	$	377	$	—
Significant noncash items
Impairment of assets and other charges		469		—		—		—		—		—
Depreciation, depletion and amortization		177		27		91		73		175		4
Accrued capital expenditures		—		1		19		19		21		—

(1)Operations associated with the GT&S Transaction are through the November 1, 2020 closing date.