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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 108 $ 120 [1]
Customer receivables (less allowance for doubtful accounts) 2,093 2,157 [1]
Other receivables 380 383 [1]
Inventories 1,627 1,528 [1]
Derivative assets 258 1,019 [1]
Margin deposit assets 169 480 [1]
Regulatory assets 1,294 1,883 [1]
Other 570 504 [1]
Current assets held for sale 1,478 1,776 [1]
Total current assets 7,977 9,850 [1]
Investments    
Nuclear decommissioning trust funds 6,553 5,957 [1]
Investment in equity method affiliates 300 295 [1]
Other 323 325 [1]
Total investments 7,176 6,577 [1]
Property, Plant and Equipment    
Property, plant and equipment 78,669 75,178 [1]
Accumulated depreciation, depletion and amortization (24,053) (23,352) [1]
Total property, plant and equipment, net 54,616 51,826 [1]
Deferred Charges and Other Assets    
Goodwill 4,143 4,143 [1]
Regulatory assets 8,065 8,265 [1]
Other 5,047 4,780 [1]
Total deferred charges and other assets 17,255 17,188 [1]
Noncurrent Assets Held for Sale 19,040 18,802 [1]
Total assets 106,064 104,243 [1]
Current Liabilities    
Securities due within one year 4,346 3,337 [2]
Supplemental credit facility borrowings 450  
Short-term debt 4,575 3,423 [2]
Accounts payable $ 826 $ 1,165 [2]
Accounts Payable, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Accrued interest, payroll and taxes $ 780 $ 910 [2]
Derivative liabilities 319 772 [2]
Regulatory liabilities 437 748 [2]
Other borrowing [3] 1,542 1,697 [2]
Current liabilities held for sale 711 1,398 [2]
Total current liabilities 13,986 13,450 [2]
Long-Term Debt    
Long-term debt 33,278 32,515 [2]
Junior subordinated notes 1,387 1,387 [2]
Supplemental credit facility borrowings 0 450 [2]
Other 229 232 [2]
Total long-term debt 34,894 34,584 [2]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 5,710 5,397 [2]
Regulatory liabilities 8,576 8,417 [2]
Other 6,924 6,963 [2]
Total deferred credits and other liabilities 21,210 20,777 [2]
Noncurrent Liabilities Held for Sale 7,546 7,551 [2]
Total liabilities 77,636 76,362 [2]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Preferred stock (see Note 16) 1,783 1,783 [2]
Common stock - no par [4] 23,704 23,605 [2]
Retained earnings 4,507 4,065 [2]
Accumulated other comprehensive loss (1,566) (1,572) [2]
Shareholders' equity 28,428 27,881 [2]
Noncontrolling interests 0 0 [2]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total 28,428 27,881 [2]
Total liabilities and shareholders' equity 106,064 104,243 [2]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 19 22 [5]
Customer receivables (less allowance for doubtful accounts) 1,693 1,578 [5]
Other receivables 201 204 [5]
Inventories 1,009 924 [5]
Derivative assets [6] 61 765 [5]
Margin deposit assets 32 310 [5]
Regulatory assets 627 1,140 [5]
Other 48 52 [5]
Total current assets 3,762 5,002 [5]
Investments    
Nuclear decommissioning trust funds 3,508 3,202 [5]
Other 4 3 [5]
Total investments 3,512 3,205 [5]
Property, Plant and Equipment    
Property, plant and equipment 57,554 54,697 [5]
Accumulated depreciation, depletion and amortization (16,760) (16,218) [5]
Total property, plant and equipment, net 40,794 38,479 [5]
Deferred Charges and Other Assets    
Regulatory assets 4,151 4,247 [5]
Other 2,485 2,261 [5]
Total deferred charges and other assets 6,636 6,508 [5]
Total assets 54,704 53,194 [5]
Current Liabilities    
Securities due within one year 379 1,164 [5]
Short-term debt 1,265 941 [5]
Accounts payable 540 600 [5]
Accrued interest, payroll and taxes 298 270 [5]
Derivative liabilities [6] 126 298 [5]
Regulatory liabilities 231 506 [5]
Other borrowing 1,103 1,176 [5]
Total current liabilities 6,369 7,234 [5]
Long-Term Debt    
Long-term debt 16,050 14,916 [5]
Other 69 65 [5]
Total long-term debt 16,119 14,981 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,588 3,452 [5]
Regulatory liabilities 5,799 5,499 [5]
Other [6] 4,899 4,783 [5]
Total deferred credits and other liabilities 14,286 13,734 [5]
Total liabilities 36,774 35,949 [5]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Common stock - no par [7] 5,738 5,738 [5]
Other paid-in capital 1,113 1,113 [5]
Retained earnings 11,070 10,385 [5]
Accumulated other comprehensive loss 9 9 [5]
Shareholders' equity 17,930 17,245 [5]
Total liabilities and shareholders' equity 54,704 53,194 [5]
Virginia Electric and Power Company | Affiliated Entity    
Current Assets    
Other receivables 72 7 [5]
Current Liabilities    
Accounts payable 97 255 [5]
Other borrowing $ 2,330 $ 2,024 [5]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date and recast for certain events as discussed in Note 1.
[2] Dominion Energy’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date and recast for certain events as discussed in Note 1.
[3] See Note 10 for amounts attributable to related parties.
[4] 1.8 billion shares authorized; 837 million and 835 million shares outstanding at June 30, 2023 and December 31, 2022, respectively.
[5] Virginia Power’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date.
[6] See Note 19 for amounts attributable to affiliates.
[7] 500,000 shares authorized; 274,723 shares outstanding at June 30, 2023 and December 31, 2022.