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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 378 $ 268 [1]
Customer receivables (less allowance for doubtful accounts) 1,972 1,749 [1]
Other receivables (less allowance for doubtful accounts) [2] 363 331 [1]
Inventories 1,800 1,418 [1]
Regulatory assets 966 496 [1]
Derivative assets 55 223 [1]
Prepayments 338 265 [1]
Assets held for sale 228  
Other 169 411 [1]
Total current assets 6,269 5,161 [1]
Investments    
Nuclear decommissioning trust funds 5,860 4,938 [1]
Investment in equity method affiliates 1,528 1,278 [1]
Other 369 344 [1]
Total investments 7,757 6,560 [1]
Property, Plant and Equipment    
Property, plant and equipment 96,122 76,578 [1]
Accumulated depreciation, depletion and amortization (28,144) (22,018) [1]
Total property, plant and equipment, net 67,978 54,560 [1]
Deferred Charges and Other Assets    
Goodwill 8,986 6,410 [1]
Intangible assets, net 773 670 [1]
Regulatory assets 7,669 2,676 [1]
Operating lease assets 455  
Pension and other postretirement benefit assets 1,610 1,279 [1]
Other 862 598 [1]
Total deferred charges and other assets 20,355 11,633 [1]
Total assets 102,359 77,914 [1]
Current Liabilities    
Securities due within one year 4,824 3,624 [1]
Credit facility borrowings [1]   73
Short-term debt 2,420 334 [1]
Accounts payable 791 914 [1]
Accrued interest, payroll and taxes 1,263 836 [1]
Regulatory liabilities 547 356 [1]
Liabilities held for sale 85  
Other [2] 2,261 1,510 [1]
Total current liabilities 12,191 7,647 [1]
Long-Term Debt    
Long-term debt 29,838 26,328 [1]
Junior subordinated notes 3,797 3,430 [1]
Remarketable subordinated notes [1]   1,386
Total long-term debt 33,635 31,144 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,198 5,116 [1]
Regulatory liabilities 10,926 6,840 [1]
Asset retirement obligations 5,020 2,250 [1]
Operating lease liabilities 394  
Pension and other postretirement benefit liability 2,571 2,328 [1]
Other 1,467 541 [1]
Total deferred credits and other liabilities 26,576 17,075 [1]
Total liabilities 72,402 55,866 [1]
Commitments and Contingencies (see Note 18)
Equity    
Preferred stock [3] 1,596  
Common stock - no par [4] 22,131 12,588 [1]
Retained earnings 7,336 9,219 [1]
Accumulated other comprehensive income (loss) (1,777) (1,700) [1]
Total shareholders' equity 29,286 20,107 [1]
Noncontrolling interests 671 1,941 [1]
Total equity 29,957 22,048 [1]
Total liabilities and equity 102,359 77,914 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 29 29 [5]
Customer receivables (less allowance for doubtful accounts) 1,177 999 [5]
Other receivables (less allowance for doubtful accounts) 51 76 [5]
Affiliated receivables 8 101 [5]
Inventories 850 837 [5]
Regulatory assets [6] 469 424
Other [7] 530 529 [5]
Total current assets 2,645 2,571 [5]
Investments    
Nuclear decommissioning trust funds 2,738 2,369 [5]
Other 3 3 [5]
Total investments 2,741 2,372 [5]
Property, Plant and Equipment    
Property, plant and equipment 46,438 44,524 [5]
Accumulated depreciation, depletion and amortization (14,036) (14,003) [5]
Total property, plant and equipment, net 32,402 30,521 [5]
Deferred Charges and Other Assets    
Regulatory assets 1,917 737 [5]
Operating lease assets 184  
Other [7] 876 679 [5]
Total deferred charges and other assets 2,977 1,416 [5]
Total assets 40,765 36,880 [5]
Current Liabilities    
Securities due within one year 3 350 [5]
Short-term debt 685 314 [5]
Accounts payable 286 339 [5]
Payables to affiliates 138 209 [5]
Affiliated current borrowings 9 224 [5]
Accrued interest, payroll and taxes 321 248 [5]
Derivative liabilities [7] 165 25 [5]
Regulatory liabilities 180 299 [5]
Other 867 807 [5]
Total current liabilities 2,654 2,815 [5]
Long-Term Debt    
Long-Term Debt 11,792 11,321 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 2,911 3,017 [5]
Regulatory liabilities 4,978 4,647 [5]
Asset retirement obligations 3,418 1,200 [5]
Operating lease liabilities 152  
Other [7] 1,310 833 [5]
Total deferred credits and other liabilities 12,769 9,697 [5]
Total liabilities 27,215 23,833 [5]
Commitments and Contingencies (see Note 18) [5]
Equity    
Common stock - no par [8] 5,738 5,738 [5]
Other paid-in capital 1,113 1,113 [5]
Retained earnings 6,740 6,208 [5]
Accumulated other comprehensive income (loss) (41) (12) [5]
Total shareholders' equity 13,550 13,047 [5]
Total liabilities and equity 40,765 36,880 [5]
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 64 99 [9]
Customer receivables (less allowance for doubtful accounts) 145 187 [9]
Other receivables (less allowance for doubtful accounts) 19 [7] 18 [9],[10]
Affiliated receivables 308 319 [9]
Affiliated notes receivable 770 819 [9]
Inventories 124 97 [9]
Gas imbalances [10] 41 187 [9]
Regulatory assets [11] 10 8
Current assets of discontinued operations 292 444 [9]
Other 122 178 [9]
Total current assets 1,885 2,348 [9]
Investments    
Affiliated notes receivable 1,578 4,317 [9]
Investment in equity method affiliates 313 339 [9]
Total investments 1,891 4,656 [9]
Property, Plant and Equipment    
Property, plant and equipment 15,074 14,700 [9]
Accumulated depreciation, depletion and amortization (3,463) (3,219) [9]
Total property, plant and equipment, net 11,611 11,481 [9]
Deferred Charges and Other Assets    
Goodwill 1,471 1,471 [9]
Regulatory assets [12] 46 52
Operating lease assets 37  
Pension and other postretirement benefit assets [10] 797 705 [9]
Other [10] 203 241 [9]
Total deferred charges and other assets 2,508 2,417 [9]
Noncurrent assets of discontinued operations 6,178 5,849 [9]
Total assets 24,073 26,751 [9]
Current Liabilities    
Securities due within one year 450 748 [9]
Credit facility borrowings [9]   73
Short-term debt 280 10 [9]
Accounts payable 71 76 [9]
Payables to affiliates 53 124 [9]
Affiliated current borrowings 3,129 3,097 [9]
Regulatory liabilities [13] 30 24
Current liabilities of discontinued operations 1,062 1,273
Other [10] 330 354 [9]
Total current liabilities 5,375 5,755 [9]
Long-Term Debt    
Long-Term Debt 4,028 7,022 [9]
Affiliated Long-Term Debt 395  
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 1,323 1,330 [9]
Regulatory liabilities 807 765 [9]
Operating lease liabilities 31  
Other 179 118 [9]
Total deferred credits and other liabilities 2,340 2,213 [9]
Noncurrent liabilities of discontinued operations 3,194 2,896 [9]
Total liabilities 15,332 17,886 [9]
Commitments and Contingencies (see Note 18) [9]
Equity    
Predecessor Equity 2,733 1,804 [9]
Membership interests 4,821 4,566 [9]
Accumulated other comprehensive income (loss) (213) (169) [9]
Total members' equity 8,741 8,865
Noncontrolling interests 1,400 2,664 [9]
Total equity 8,741 8,865 [9]
Total liabilities and equity 24,073 26,751 [9]
Parent [Member]    
Equity    
Total equity 29,286 20,107
Parent [Member] | Dominion Energy Gas Holdings, LLC    
Equity    
Total members' equity $ 7,341 $ 6,201 [9]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[2] See Note 10 for amounts attributable to related parties.
[3] 20 million shares authorized; 2 million shares outstanding at September 30, 2019.
[4] 1.8 billion shares authorized and 823 million shares outstanding at September 30, 2019 and 1.0 billion shares authorized and 681 million shares outstanding at December 31, 2018.
[5] Virginia Power’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[6] Current regulatory assets are presented in other current assets in Virginia Power’s Consolidated Balance Sheets.
[7] See Note 20 for amounts attributable to affiliates.
[8] 500,000 shares authorized; 274,723 shares outstanding at September 30, 2019 and December 31, 2018.
[9] Dominion Energy Gas’ Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[10] See Note 20 for amounts attributable to related parties.
[11] Current regulatory assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[12] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[13] Current regulatory liabilities are presented in other current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.