Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2019

Preferred Stock [Member]

Preferred Stock

Selected information about Dominion Energy’s 2019 Equity Units is presented below:

Issuance Date	Units Issued		Total Net Proceeds(1)		Total Preferred Stock(2)		Cumulative Dividend Rate			Stock Purchase Contract Annual Rate			Stock Purchase Contract Liability(3)		Stock Purchase Contract  Settlement Date
(millions except interest rates)
6/14/2019		16	$	1,582		$1,610		1.75	%		5.5	%		$250		6/1/2022

(1) Issuance costs of $28 million were recorded as a reduction to preferred stock ($14 million) and common stock ($14 million) in the Consolidated Balance Sheets.

(2) Dominion Energy recorded dividends of $15 million ($9.479 per share) for the year ended December 31, 2019.

(3) Payments of $38 million were made in 2019. The stock purchase contract liability was $212 million at December 31, 2019.