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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 137 $ 153 [1]
Customer receivables (less allowance for doubtful accounts) 2,496 2,952 [1]
Other receivables (less allowance for doubtful accounts) 399 405 [1]
Inventories 1,826 1,729 [1]
Derivative assets 260 1,137 [1]
Margin deposit assets 169 480 [1]
Regulatory assets 1,945 2,340 [1]
Other 628 607 [1]
Current assets held for sale 117 47 [1]
Total current assets 7,977 9,850 [1]
Investments    
Nuclear decommissioning trust funds 6,553 5,957 [1]
Investment in equity method affiliates 3,006 3,012 [1]
Other 393 390 [1]
Total investments 9,952 9,359 [1]
Property, Plant and Equipment    
Property, plant and equipment 95,088 91,202 [1]
Accumulated depreciation, depletion and amortization (28,545) (27,742) [1]
Total property, plant and equipment, net 66,543 63,460 [1]
Deferred Charges and Other Assets    
Goodwill 7,295 7,295 [1]
Regulatory assets 8,863 9,087 [1]
Other 5,434 5,192 [1]
Total deferred charges and other assets 21,592 21,574 [1]
Total assets 106,064 104,243 [1]
Current Liabilities    
Securities due within one year 4,349 3,341 [1]
Supplemental credit facility borrowings 450 0 [1]
Short-term debt 4,575 3,423 [1]
Accounts payable 997 1,825 [1]
Accrued interest, payroll and taxes 998 1,199 [1]
Derivative liabilities 332 778 [1]
Regulatory liabilities 583 946 [1]
Other [2] 1,702 1,938 [1]
Total current liabilities 13,986 13,450 [1]
Long-Term Debt    
Long-term debt 37,596 36,832 [1]
Junior subordinated notes 1,387 1,387 [1]
Supplemental credit facility borrowings 0 450 [1]
Other 240 245 [1]
Total long-term debt 39,223 38,914 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 7,067 6,698 [1]
Regulatory liabilities 10,255 10,107 [1]
Other 7,105 7,193 [1]
Total deferred credits and other liabilities 24,427 23,998 [1]
Total liabilities 77,636 76,362 [1]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Preferred stock (see Note 16) 1,783 1,783 [1]
Common stock - no par [3] 23,704 23,605 [1]
Retained earnings 4,507 4,065 [1]
Accumulated other comprehensive loss (1,566) (1,572) [1]
Shareholders' equity 28,428 27,881 [1]
Noncontrolling interests 0 0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total 28,428 27,881 [1]
Total liabilities and shareholders' equity 106,064 104,243 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 19 22 [4]
Customer receivables (less allowance for doubtful accounts) 1,693 1,578 [4]
Other receivables (less allowance for doubtful accounts) 201 204 [4]
Affiliated receivables 72 7 [4]
Inventories 1,009 924 [4]
Derivative assets [5] 61 765 [4]
Margin deposit assets 32 310 [4]
Regulatory assets 627 1,140 [4]
Other 48 52 [4]
Total current assets 3,762 5,002 [4]
Investments    
Nuclear decommissioning trust funds 3,508 3,202 [4]
Other 4 3 [4]
Total investments 3,512 3,205 [4]
Property, Plant and Equipment    
Property, plant and equipment 57,554 54,697 [4]
Accumulated depreciation, depletion and amortization (16,760) (16,218) [4]
Total property, plant and equipment, net 40,794 38,479 [4]
Deferred Charges and Other Assets    
Regulatory assets 4,151 4,247 [4]
Other [5] 2,485 2,261 [4]
Total deferred charges and other assets 6,636 6,508 [4]
Total assets 54,704 53,194 [4]
Current Liabilities    
Securities due within one year 379 1,164 [4]
Short-term debt 1,265 941 [4]
Accounts payable 540 600 [4]
Payables to affiliates 97 255 [4]
Affiliated current borrowings 2,330 2,024 [4]
Accrued interest, payroll and taxes 298 270 [4]
Derivative liabilities [5] 126 298 [4]
Regulatory liabilities 231 506 [4]
Other 1,103 1,176 [4]
Total current liabilities 6,369 7,234 [4]
Long-Term Debt    
Long-term debt 16,050 14,916 [4]
Other 69 65 [4]
Total long-term debt 16,119 14,981 [4]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,588 3,452 [4]
Regulatory liabilities 5,799 5,499 [4]
Other [5] 4,899 4,783 [4]
Total deferred credits and other liabilities 14,286 13,734 [4]
Total liabilities 36,774 35,949 [4]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Common stock - no par [6] 5,738 5,738 [4]
Other paid-in capital 1,113 1,113 [4]
Retained earnings 11,070 10,385 [4]
Accumulated other comprehensive loss 9 9 [4]
Shareholders' equity 17,930 17,245 [4]
Total liabilities and shareholders' equity $ 54,704 $ 53,194 [4]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2022 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; 837 million and 835 million shares outstanding at June 30, 2023 and December 31, 2022, respectively.
[4] Virginia Power’s Consolidated Balance Sheet at December 31, 2022 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 June 30, 2023 and December 31, 2022.