Employee Benefit Plans

9 Months Ended

Sep. 30, 2022

Compensation And Retirement Disclosure [Abstract]

Employee Benefit Plans

Note 20. Employee Benefit Plans

Net Periodic Benefit (Credit) Cost

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. The non-service cost components of net periodic benefit (credit) cost are reflected in other income (expense) 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
	2022			2021			2022			2021
(millions)
Three Months Ended September 30,
Service cost	$	35		$	43		$	5		$	6
Interest cost		83			80			11			11
Expected return on plan assets		(221	)		(209	)		(47	)		(43	)
Amortization of prior service cost (credit)		—			—			(10	)		(11	)
Amortization of net actuarial loss		39			48			—			1
Curtailment(1)		—			—			(8	)		—
Net periodic benefit (credit) cost	$	(64	)	$	(38	)	$	(49	)	$	(36	)
Nine Months Ended September 30,
Service cost	$	106		$	127		$	16		$	18
Interest cost		250			238			34			35
Expected return on plan assets		(667	)		(625	)		(143	)		(130	)
Amortization of prior service (credit) cost		—			—			(29	)		(32	)
Amortization of net actuarial loss		119			145			(1	)		3
Settlements and curtailment(1)		—			5			(8	)		—
Net periodic benefit (credit) cost	$	(192	)	$	(110	)	$	(131	)	$	(106	)

(1)  2022 amounts relate primarily to Dominion Energy’s sale of Hope. 2021 amounts relate primarily to the Dominion Energy executive nonqualified pension plan.

Employer Contributions

During the three and nine months ended September 30, 2022, Dominion Energy made no contributions to its qualified defined benefit pension plans or other postretirement benefit plans. Dominion Energy is not required to make any contributions to its qualified defined benefit pension plans or to VEBAs associated with its other postretirement plans in 2022. Dominion Energy considers voluntary contributions from time to time, either in the form of cash or equity securities.