Employee Benefit Plans

3 Months Ended

Mar. 31, 2021

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

Note 20. Employee Benefit Plans

Dominion Energy

The service cost component of net periodic benefit (credit) cost is reflected in other operations and maintenance expense in Dominion Energy’s Consolidated Statements of Income, except for $5 million for the three months ended March 31, 2020, presented in discontinued operations. The non-service cost components of net period benefit (credit) cost are reflected in other income in Dominion Energy’s Consolidated Statements of Income. The components of Dominion Energy’s provision for net periodic benefit cost (credit) are as follows:

	Pension Benefits						Other Postretirement Benefits
	2021			2020			2021			2020
(millions)
Three Months Ended March 31,
Service cost	$	42		$	43		$	6		$	7
Interest cost		79			91			12			15
Expected return on plan assets		(208	)		(193	)		(44	)		(39	)
Amortization of prior service (credit) cost		—			—			(10	)		(12	)
Amortization of net actuarial loss		48			49			1			1
Settlements		(2	)		—			—			—
Net periodic benefit (credit) cost	$	(41	)	$	(10	)	$	(35	)	$	(28	)

Employer Contributions

During the three months ended March 31, 2021, Dominion Energy made no contributions to its qualified defined benefit pension plans or other postretirement benefit plans. Dominion Energy does not expect to make any contributions to its qualified defined benefit pension plans or to VEBAs associated with its other postretirement plans in 2021.