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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Segment allocation of goodwill

The changes in Dominion Energy’s carrying amount and segment allocation of goodwill are presented below:

 

 

 

Dominion Energy Virginia

 

 

Gas Distribution

 

 

Dominion Energy South Carolina

 

 

Contracted Assets

 

 

Corporate and Other

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020(1)

 

$

2,106

 

 

$

3,512

 

 

$

1,521

 

 

$

242

 

 

$

 

 

$

7,381

 

Acquisition of Birdseye(2)

 

 

 

 

 

 

 

 

 

 

 

24

 

 

 

 

 

 

24

 

Balance at December 31, 2021(1)

 

$

2,106

 

 

$

3,512

 

 

$

1,521

 

 

$

266

 

 

$

 

 

$

7,405

 

Sale of Hope(2)

 

 

 

 

 

(110

)

 

 

 

 

 

 

 

 

 

 

 

(110

)

Balance at December 31, 2022(1)

 

$

2,106

 

 

$

3,402

 

 

$

1,521

 

 

$

266

 

 

$

 

 

$

7,295

 

 

(1)
Goodwill amounts do not contain any accumulated impairment losses.
(2)
See Note 3 for more information.
Components of intangible assets

The components of intangible assets are as follows:

 

 

 

2022

 

 

2021

 

At December 31,

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

 

 

 

 

 

 

 

 

 

 

 

Software, licenses and other(1)

 

$

1,854

 

 

$

986

 

 

$

1,459

 

 

$

675

 

Virginia Power

 

 

 

 

 

 

 

 

 

 

 

 

Software, licenses and other(1)

 

$

1,113

 

 

$

577

 

 

$

685

 

 

$

290

 

(1)
Includes $253 million and $158 million of RGGI allowances purchased and consumed in 2022 and 2021, respectively, with deferral to a regulatory asset.
Annual amortization expense of intangible assets

Annual amortization expense for these intangible assets is estimated to be as follows:

 

 

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

2027

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

$

74

 

$

67

 

$

59

 

$

47

 

$

29

 

Virginia Power

 

$

33

 

$

30

 

$

26

 

$

20

 

$

10