Property, Plant and Equipment

9 Months Ended

Sep. 30, 2022

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Note 11. Property, Plant and Equipment

Acquisitions of Nonregulated Solar Projects

Other than the items discussed below, there have been no significant updates to acquisitions of solar projects by the Companies from those discussed in Note 10 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2021.

The following table presents acquisitions by Virginia Power of non-jurisdictional solar projects. Virginia Power has claimed or expects to claim federal investment tax credits on the projects.

Project Name	Date Agreement Entered	Date Agreement Closed	Project Location	Project Cost (millions)(1)		Date of Commercial Operations	MW Capacity
Pumpkinseed	May 2020	May 2020	Virginia	$	138	September 2022		60
Bookers Mill	February 2021	June 2021	Virginia		225	Expected 2023		127

(1) Includes acquisition cost.

The following table presents acquisitions by Dominion Energy of solar projects in addition to the Virginia Power projects presented above. Dominion Energy expects to claim federal investment tax credits on the projects.

Project Name	Date Agreement Entered	Date Agreement Closed	Project Location	Project Cost (millions)(1)		Date of Commercial Operations	MW Capacity
Madison	July 2020	July 2020	Virginia	$	130	Expected 2023		62
Atlanta Farms	March 2022	May 2022	Ohio		390	Expected split(2)		200
Hardin II	August 2020	Expected 2022	Ohio		290	Expected 2023		150

(1) Includes acquisition cost.

(2) Expected to be split between 2023 and 2024.

Sale of Utility Property

In June 2022, Dominion Energy completed the sale of certain utility property in South Carolina, as approved by the South Carolina Commission in May 2022, for total cash consideration of $16 million. In connection with the sale, Dominion Energy recognized a gain of $16 million ($12 million after-tax), recorded in losses (gains) on sales of assets, in its Consolidated Statements of Income for the nine months ended September 30, 2022.