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Property Plant And Equipment (Tables)
12 Months Ended
Dec. 31, 2022
Property, Plant and Equipment

Major classes of property, plant and equipment and their respective balances for the Companies are as follows:

 

 

 

Dominion Energy

 

 

Virginia Power

 

At December 31,

 

2022

 

 

2021

 

 

2022

 

 

2021

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

 

 

 

 

 

 

 

 

 

 

 

Utility:

 

 

 

 

 

 

 

 

 

 

 

 

Generation

 

$

23,720

 

 

$

23,378

 

 

$

17,611

 

 

$

17,325

 

Transmission

 

 

16,857

 

 

 

15,430

 

 

 

13,034

 

 

 

11,760

 

Distribution

 

 

30,624

 

 

 

28,953

 

 

 

14,681

 

 

 

13,621

 

Storage

 

 

491

 

 

 

455

 

 

 

 

 

 

 

Nuclear fuel

 

 

2,373

 

 

 

2,306

 

 

 

1,823

 

 

 

1,702

 

General and other

 

 

4,630

 

 

 

4,373

 

 

 

1,019

 

 

 

912

 

Plant under construction

 

 

5,678

 

 

 

3,898

 

 

 

4,685

 

 

 

2,865

 

Total utility

 

 

84,373

 

 

 

78,793

 

 

 

52,853

 

 

 

48,185

 

Non-jurisdictional - including plant under construction

 

 

1,834

 

 

 

1,694

 

 

 

1,834

 

 

 

1,694

 

Nonutility:

 

 

 

 

 

 

 

 

 

 

 

 

Nonregulated generation-nuclear

 

 

1,935

 

 

 

1,773

 

 

 

 

 

 

 

Nonregulated generation-solar

 

 

495

 

 

 

2,026

 

 

 

 

 

 

 

Nuclear fuel

 

 

954

 

 

 

1,056

 

 

 

 

 

 

 

Other-including plant under construction

 

 

1,611

 

 

 

1,161

 

 

 

10

 

 

 

11

 

Total nonutility

 

 

4,995

 

 

 

6,016

 

 

 

10

 

 

 

11

 

Total property, plant and equipment

 

$

91,202

 

 

$

86,503

 

 

$

54,697

 

 

$

49,890

 

 

Schedule of Jointly Owned Utility Plants

The Companies proportionate share of jointly-owned power stations at December 31, 2022 is as follows:

 

 

 

Bath County Pumped Storage Station(1)

 

 

North Anna Units 1 and 2(1)

 

 

Clover Power Station(1)

 

 

Millstone Unit 3(2)

 

 

Summer Unit 1 (2)

 

(millions, except percentages)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ownership interest

 

 

60

%

 

 

88.4

%

 

 

50

%

 

 

93.5

%

 

 

66.7

%

Plant in service

 

 

1,066

 

 

 

2,540

 

 

 

611

 

 

 

1,487

 

 

 

1,532

 

Accumulated depreciation

 

 

(730

)

 

 

(1,402

)

 

 

(282

)

 

 

(563

)

 

 

(724

)

Nuclear fuel

 

 

 

 

 

792

 

 

 

 

 

 

551

 

 

 

550

 

Accumulated amortization of nuclear fuel

 

 

 

 

 

(602

)

 

 

 

 

 

(459

)

 

 

(347

)

Plant under construction

 

 

3

 

 

 

253

 

 

 

 

 

 

68

 

 

 

87

 

 

(1)
Units jointly owned by Virginia Power.
(2)
Unit jointly owned by Dominion Energy.
Virginia Electric and Power Company  
Schedule of Nonregulated Solar Projects

The following table presents acquisitions by Virginia Power of non-jurisdictional solar projects (reflected in Dominion Energy Virginia). Virginia Power has claimed or expects to claim federal investment tax credits on the projects, except as otherwise noted.

 

Project Name

 

Date Agreement
Entered

 

Date Agreement
Closed

 

Project Location

 

Project Cost
(millions)
(1)

 

 

Date of Commercial
Operations

 

MW Capacity

 

Grasshopper(2)

 

August 2018

 

May 2019

 

Virginia

 

 

128

 

 

October 2020

 

 

80

 

Chestnut

 

August 2018

 

May 2019

 

North Carolina

 

 

127

 

 

January 2020

 

 

75

 

Ft. Powhatan

 

June 2019

 

June 2019

 

Virginia

 

 

267

 

 

January 2022

 

 

150

 

Belcher(3)

 

June 2019

 

August 2019

 

Virginia

 

 

164

 

 

June 2021

 

 

88

 

Bedford

 

August 2019

 

November 2019

 

Virginia

 

 

106

 

 

November 2021

 

 

70

 

Maplewood

 

October 2019

 

October 2019

 

Virginia

 

 

210

 

 

December 2022

 

 

120

 

Rochambeau

 

December 2019

 

January 2020

 

Virginia

 

 

35

 

 

December 2021

 

 

20

 

Pumpkinseed

 

May 2020

 

May 2020

 

Virginia

 

 

138

 

 

September 2022

 

 

60

 

Bookers Mill

 

February 2021

 

June 2021

 

Virginia

 

 

225

 

 

Expected 2023(4)

 

 

127

 

(1)
Includes acquisition costs.
(2)
Referred to as Butcher Creek once placed in service.
(3)
Referred to as Desper once placed in service.
(4)
Virginia Power expects to claim production tax credits on the energy generated and sold by project.
Dominion Energy  
Schedule of Nonregulated Solar Projects

In addition, the following table presents acquisitions by Dominion Energy of solar projects (reflected in Contracted Assets). Dominion Energy has claimed or expects to claim federal investment tax credits on the projects, except as otherwise noted.

 

Project Name

 

Date Agreement
Entered

 

Date Agreement
Closed

 

Project Location

 

Project Cost
(millions)
(1)

 

 

Date of Commercial
Operations

 

MW Capacity

 

Greensville

 

August 2019

 

August 2019

 

Virginia

 

$

127

 

 

December 2020

 

 

80

 

Myrtle

 

August 2019

 

August 2019

 

Virginia

 

 

32

 

 

June 2020

 

 

15

 

Blackville

 

May 2020

 

May 2020

 

South Carolina

 

 

12

 

 

December 2020

 

 

7

 

Denmark

 

May 2020

 

May 2020

 

South Carolina

 

 

14

 

 

December 2020

 

 

6

 

Yemassee

 

May 2020

 

August 2020

 

South Carolina

 

 

17

 

 

January 2021

 

 

10

 

Trask

 

May 2020

 

October 2020

 

South Carolina

 

 

22

 

 

March 2021

 

 

12

 

Hardin I

 

June 2020

 

June 2020

 

Ohio

 

 

240

 

 

Split(2)

 

 

150

 

Madison

 

July 2020

 

July 2020

 

Virginia

 

 

165

 

 

Expected 2024(3)

 

 

62

 

Hardin II

 

August 2020

 

Terminated(4)

 

 

 

 

 

 

 

 

 

 

Atlanta Farms

 

March 2022

 

May 2022

 

Ohio

 

 

390

 

 

Expected split(3)(5)

 

 

200

 

(1)
Includes acquisition costs.
(2)
In December 2020 and January 2021, 97 MW and 53 MW of the project commenced commercial operations, respectively.
(3)
Dominion Energy expects to claim production tax credits on the energy generated and sold by project.
(4)
In January 2023, Dominion Energy terminated its agreement, without penalty, to acquire Hardin II.
(5)
Expected to be split between 2023 and 2024.