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Asset Retirement Obligations (Tables)
12 Months Ended
Dec. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]  
Changes to Asset Retirement Obligations

The changes to AROs during 2019 and 2020 were as follows:

 

 

Amount

 

(millions)

 

 

 

Dominion Energy

 

 

 

AROs at December 31, 2018

$

2,444

 

Obligations incurred during the period(1)

 

2,413

 

AROs acquired in the SCANA Combination

 

577

 

Obligations settled during the period

 

(134

)

Revisions in estimated cash flows(2)

 

(324

)

Accretion

 

208

 

AROs at December 31, 2019(3)

$

5,184

 

Obligations incurred during the period

 

67

 

Obligations settled during the period

 

(114

)

Revisions in estimated cash flows(4)

 

228

 

Accretion

 

218

 

AROs at December 31, 2020(3)

$

5,583

 

Virginia Power

 

 

 

AROs at December 31, 2018

$

1,445

 

Obligations incurred during the period(1)

 

2,408

 

Obligations settled during the period

 

(81

)

Revisions in estimated cash flows(2)

 

(323

)

Accretion

 

132

 

AROs at December 31, 2019

$

3,581

 

Obligations incurred during the period

 

48

 

Obligations settled during the period

 

(85

)

Revisions in estimated cash flows(5)

 

139

 

Accretion

 

137

 

AROs at December 31, 2020

$

3,820

 

(1)

Reflects future ash pond and landfill closure costs at certain utility generation facilities. See discussion below.

(2)

Reflects revisions to future ash pond and landfill closure costs at certain utility generation facilities as well as revisions for 20-year license extensions for regulated nuclear power stations in Virginia.

(3)

Includes $394 million and $179 million reported in other current liabilities at December 31, 2019 and 2020, respectively.

(4)

Reflects revisions to future ash pond and landfill closure costs at certain utility generation facilities, asbestos abatement costs associated with certain utility facilities and from the completion of a nuclear decommissioning cost study related to Summer.

(5)

Reflects revisions to future ash pond and landfill closure costs at certain utility generation facilities and asbestos abatement costs associated with certain utility facilities.