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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2020
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Subsidiary Guarantees

At September 30, 2020, Dominion Energy had issued the following subsidiary guarantees:

 

 

 

Maximum

Exposure

 

(millions)

 

 

 

 

Commodity transactions(1)

 

$

2,220

 

Nuclear obligations(2)

 

 

224

 

Cove Point(3)

 

 

1,900

 

Solar(4)

 

 

453

 

Other(5)

 

 

920

 

Total(6)

 

$

5,717

 

 

(1)

Guarantees related to commodity commitments of certain subsidiaries. These guarantees were provided to counterparties in order to facilitate physical and financial transaction related commodities and services.

(2)

Guarantees primarily related to certain DGI subsidiaries regarding all aspects of running a nuclear facility.

(3)

Guarantees related to Cove Point, in support of terminal services, transportation and construction. Cove Point has two guarantees that have no maximum limit and, therefore, are not included in this amount. As discussed in Note 3, in November 2020 Cove Point became an equity method investment of Dominion Energy.

(4)

Includes guarantees to facilitate the development of solar projects. Also includes guarantees entered into by DGI on behalf of certain subsidiaries to facilitate the acquisition and development of solar projects.

(5)

Guarantees related to other miscellaneous contractual obligations such as leases, environmental obligations, construction projects and insurance programs. Due to the uncertainty of workers’ compensation claims, the parental guarantee has no stated limit.  

(6)

Excludes Dominion Energy's guarantees for the new corporate office properties discussed in Note 15 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2019 and in Note 14 in this report.