Equity (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Accumulated Other Comprehensive Income (Loss)

Presented in the table below is a summary of AOCI by component:

At December 31,	2020			2019
(millions)
Dominion Energy
Net deferred losses on derivatives-hedging activities, net of $141 and $135 tax	$	(419	)	$	(407	)
Net unrealized gains on nuclear decommissioning trust funds, net of $(21) and $(13) tax		62			37
Net unrecognized pension and other postretirement benefit costs, net of $478 and $492 tax		(1,359	)		(1,421	)
Other comprehensive loss from equity method investees, net of $— and $1 tax		(1	)		(2	)
Total AOCI	$	(1,717	)	$	(1,793	)
Virginia Power
Net deferred losses on derivatives-hedging activities, net of $21 and $11 tax	$	(60	)	$	(34	)
Net unrealized gains on nuclear decommissioning trust funds, net of $(3) and $(1) tax		8			5
Total AOCI	$	(52	)	$	(29	)

Dominion Energy

The following table presents Dominion Energy’s changes in AOCI by component, net of tax:

	Deferred gains and losses on derivatives-hedging activities			Unrealized gains and losses on investment securities			Unrecognized pension and other postretirement benefit costs			Other comprehensive loss from equity method investees			Total
(millions)
Year Ended December 31, 2020
Beginning balance	$	(407	)	$	37		$	(1,421	)	$	(2	)	$	(1,793	)
Other comprehensive income before reclassifications: gains (losses)		(239	)		43			25			1			(170	)
Amounts reclassified from AOCI: (gains) losses(1)		227			(18	)		37			—			246
Net current period other comprehensive income (loss)		(12	)		25			62			1			76
Ending balance	$	(419	)	$	62		$	(1,359	)	$	(1	)	$	(1,717	)
Year Ended December 31, 2019
Beginning balance	$	(235	)	$	2		$	(1,465	)	$	(2	)	$	(1,700	)
Other comprehensive income before reclassifications: gains (losses)		(110	)		39			(22	)		—			(93	)
Amounts reclassified from AOCI: (gains) losses(1)		(62	)		(4	)		66			—			—
Net current period other comprehensive income (loss)		(172	)		35			44			—			(93	)
Ending balance	$	(407	)	$	37		$	(1,421	)	$	(2	)	$	(1,793	)

(1) See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Dominion Energy’s reclassifications out of AOCI by component:

Details about AOCI components	Amounts reclassified from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Year Ended December 31, 2020
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(25	)	Operating revenue
		4		Purchased gas
		(2	)	Discontinued operations
Interest rate contracts		83		Interest and related charges
		236		Discontinued operations
Foreign currency contracts		6		Discontinued operations
Total		302
Tax		(75	)	Income tax expense
Total, net of tax	$	227
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(24	)	Other income
Total		(24	)
Tax		6		Income tax expense
Total, net of tax	$	(18	)
Unrecognized pension and other postretirement benefit costs:
Amortization of prior-service costs (credits)	$	(84	)	Other income
Amortization of actuarial losses		134		Other income
Total		50
Tax		(13	)	Income tax expense
Total, net of tax	$	37
Year Ended December 31, 2019
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	(142	)	Operating revenue
		3		Purchased gas
		(4	)	Discontinued operations
Interest rate contracts		49		Interest and related charges
		5		Discontinued operations
Foreign currency contracts		6		Discontinued operations
Total		(83	)
Tax		21		Income tax expense
Total, net of tax	$	(62	)
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(5	)	Other income
Total		(5	)
Tax		1		Income tax expense
Total, net of tax	$	(4	)
Unrecognized pension and other postretirement benefit costs:
Prior-service costs (credits)	$	(24	)	Other income
Actuarial losses		113		Other income
Total		89
Tax		(23	)	Income tax expense
Total, net of tax	$	66

Summary of Restricted Stock Activity

The following table provides a summary of restricted stock activity for the years ended December 31, 2020, 2019, and 2018:

	Shares			Weighted - average Grant Date Fair Value
	(thousands)
Nonvested at December 31, 2017		1,043		$	73.32
Granted		534			72.92
Vested		(316	)		73.59
Cancelled and forfeited		(53	)		74.25
Nonvested at December 31, 2018		1,208		$	73.03
Granted		614			76.49
Vested		(324	)		71.75
Cancelled and forfeited		(96	)		77.16
Nonvested at December 31, 2019		1,402		$	74.77
Granted		531			81.74
Vested		(424	)		74.39
Cancelled and forfeited		(99	)		81.59
Nonvested at December 31, 2020		1,410		$	77.41

Virginia Electric and Power Company

Schedule of Accumulated Other Comprehensive Income (Loss)

Virginia Power

The following table presents Virginia Power’s changes in AOCI by component, net of tax:

	Deferred gains and losses on derivatives-hedging activities			Unrealized gains and losses on investment securities			Total
(millions)
Year Ended December 31, 2020
Beginning balance	$	(34	)	$	5		$	(29	)
Other comprehensive income before reclassifications: gains (losses)		(28	)		6			(22	)
Amounts reclassified from AOCI: (gains) losses(1)		2			(3	)		(1	)
Net current period other comprehensive income (loss)		(26	)		3			(23	)
Ending balance	$	(60	)	$	8		$	(52	)
Year Ended December 31, 2019
Beginning balance	$	(13	)	$	1		$	(12	)
Other comprehensive income before reclassifications: gains (losses)		(22	)		5			(17	)
Amounts reclassified from AOCI: gains (losses)(1)		1			(1	)		—
Net current period other comprehensive income (loss)		(21	)		4			(17	)
Ending balance	$	(34	)	$	5		$	(29	)

(1) See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Virginia Power’s reclassifications out of AOCI by component:

Details about AOCI components	Amounts reclassified from AOCI			Affected line item in the Consolidated Statements  of Income
(millions)
Year Ended December 31, 2020
(Gains) losses on cash flow hedges:
Interest rate contracts	$	2		Interest and related charges
Total		2
Tax		—		Income tax expense
Total, net of tax	$	2
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(4	)	Other income
Total		(4	)
Tax		1		Income tax expense
Total, net of tax	$	(3	)
Year Ended December 31, 2019
(Gains) losses on cash flow hedges:
Interest rate contracts	$	1		Interest and related charges
Total		1
Tax		—		Income tax expense
Total, net of tax	$	1
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(2	)	Other income
Total		(2	)
Tax		1		Income tax expense
Total, net of tax	$	(1	)