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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 444 $ 283 [1]
Customer receivables (less allowance for doubtful accounts) 2,164 2,219 [1]
Other receivables (less allowance for doubtful accounts) 341 349 [1]
Inventories 1,512 1,631 [1]
Regulatory assets 1,477 1,492 [1]
Other 1,476 1,270 [1]
Current assets held for sale 969 25 [1]
Total current assets 8,383 7,269 [1]
Investments    
Nuclear decommissioning trust funds 7,614 7,950 [1]
Investment in equity method affiliates 2,937 2,932 [1]
Other 393 394 [1]
Total investments 10,944 11,276 [1]
Property, Plant and Equipment    
Property, plant and equipment 87,107 86,503 [1]
Accumulated depreciation, depletion and amortization (26,986) (26,729) [1]
Total property, plant and equipment, net 60,121 59,774 [1]
Deferred Charges and Other Assets    
Goodwill 7,297 7,405 [1]
Regulatory assets 8,658 8,643 [1]
Other 5,449 5,223 [1]
Total deferred charges and other assets 21,404 21,271 [1]
Total assets 100,852 99,590 [1]
Current Liabilities    
Securities due within one year 2,550 841 [1]
Short-term debt 2,548 2,314 [1]
Accounts payable 1,090 1,197 [1]
Accrued interest, payroll and taxes 968 1,169 [1]
Derivative liabilities 727 359 [1]
Regulatory liabilities 830 986 [1]
Other [2] 1,651 1,807 [1]
Current liabilities held for sale 217  
Total current liabilities 10,581 8,673 [1]
Long-Term Debt    
Long-term debt 34,428 35,190 [1]
Junior subordinated notes 1,386 1,386 [1]
Other 845 850 [1]
Total long-term debt 36,659 37,426 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,885 6,658 [1]
Regulatory liabilities 10,436 10,713 [1]
Other 7,161 7,202 [1]
Total deferred credits and other liabilities 24,482 24,573 [1]
Total liabilities 71,722 70,672 [1]
Commitments and Contingencies (see Note 17) [1]
Preferred stock (see Note 16) 1,610 1,610 [1]
Shareholders' Equity    
Preferred stock (see Note 16) 1,783 1,783 [1]
Common stock - no par [3] 21,657 21,610 [1]
Retained earnings 5,516 5,373 [1]
Accumulated other comprehensive income (loss) (1,436) (1,458) [1]
Shareholders' equity 27,520 27,308 [1]
Total liabilities, mezzanine equity and shareholders' equity 100,852 99,590 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 36 26 [4]
Customer receivables (less allowance for doubtful accounts) 1,120 1,172 [4]
Other receivables (less allowance for doubtful accounts) 83 112 [4]
Affiliated receivables 98 37 [4]
Inventories 837 871 [4]
Margin deposit assets 292 167 [4]
Regulatory assets 952 850 [4]
Other [5] 238 115 [4]
Total current assets 3,656 3,350 [4]
Investments    
Nuclear decommissioning trust funds 3,577 3,734 [4]
Other 3 3 [4]
Total investments 3,580 3,737 [4]
Property, Plant and Equipment    
Property, plant and equipment 50,725 49,890 [4]
Accumulated depreciation, depletion and amortization (15,472) (15,234) [4]
Total property, plant and equipment, net 35,253 34,656 [4]
Deferred Charges and Other Assets    
Regulatory assets 4,141 4,130 [4]
Other [5] 2,160 2,059 [4]
Total deferred charges and other assets 6,301 6,189 [4]
Total assets 48,790 47,932 [4]
Current Liabilities    
Securities due within one year 1,013 313 [4]
Short-term debt 686 745 [4]
Accounts payable 423 402 [4]
Payables to affiliates 190 121 [4]
Affiliated current borrowings 235 699 [4]
Accrued interest, payroll and taxes 331 274 [4]
Derivative liabilities [5] 241 134 [4]
Regulatory liabilities 460 647 [4]
Other 770 758 [4]
Total current liabilities 4,349 4,093 [4]
Long-Term Debt    
Long-term debt 13,733 13,453 [4]
Other 504 503 [4]
Total long-term debt 14,237 13,956 [4]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,323 3,183 [4]
Regulatory liabilities 5,603 5,740 [4]
Other [5] 1,202 1,248 [4]
Total deferred credits and other liabilities 13,856 13,903 [4]
Asset retirement obligations 3,728 3,732 [4]
Total liabilities 32,442 31,952 [4]
Commitments and Contingencies (see Note 17) [4]
Shareholders' Equity    
Common stock - no par [6] 5,738 5,738 [4]
Other paid-in capital 1,113 1,113 [4]
Retained earnings 9,526 9,170 [4]
Accumulated other comprehensive income (loss) (29) (41) [4]
Shareholders' equity 16,348 15,980 [4]
Total liabilities, mezzanine equity and shareholders' equity $ 48,790 $ 47,932 [4]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2021 has been derived from the audited Consolidated Balance Sheet at that date.
[2] See Note 10 for amounts attributable to related parties.
[3] 1.8 billion shares authorized; 811 million and 810 million shares outstanding at March 31, 2022 and December 31, 2021, respectively.
[4] Virginia Power’s Consolidated Balance Sheet at December 31, 2021 has been derived from the audited Consolidated Balance Sheet at that date.
[5] See Note 19 for amounts attributable to affiliates.
[6] 500,000 shares authorized; 274,723 shares outstanding at March 31, 2022 and December 31, 2021.