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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 120 $ 249
Customer receivables (less allowance for doubtful accounts of $26 and $35) 2,157 1,643
Other receivables (less allowance for doubtful accounts of $2 at both dates) 383 334
Inventories:    
Materials and supplies 1,132 1,113
Fossil fuel 358 320
Gas stored 38 36
Derivative assets 1,137 [1] 122
Derivative assets 1,019 116
Margin deposit assets 480 678
Prepayments 294 237
Regulatory assets 1,883 1,223
Other 210 138
Current assets held for sale 1,776 1,182
Total current assets 9,850 7,269
Investments    
Nuclear decommissioning trust funds 5,957 7,950
Investment in equity method affiliates [2] 295 162
Other 325 335
Total investments 6,577 8,447
Property, Plant and Equipment    
Property, plant and equipment 75,178 71,496
Accumulated depreciation, depletion and amortization (23,352) (22,595)
Total property, plant and equipment, net 51,826 48,901
Deferred Charges and Other Assets    
Goodwill [3] 4,143 4,253
Pension and other postretirement benefit assets 1,479 1,930
Intangible assets, net 796 712
Derivative assets [5] 1,039 [4] 491
Regulatory assets 8,265 7,886
Other 1,466 1,604
Total deferred charges and other assets 17,188 16,876
Noncurrent Assets Held for Sale 18,802 18,097
Total assets 104,243 99,590
Current Liabilities    
Securities due within one year 3,337 838
Short-term debt 3,423 2,314
Accounts payable 1,165 832
Accrued interest, payroll and taxes 910 905
Derivative liabilities [6] 778 359
Derivative liabilities 772 356
Regulatory liabilities 748 889
Other [7] 1,697 1,585
Current liabilities held for sale 1,398 954
Total current liabilities 13,450 8,673
Long-Term Debt    
Long-term debt 32,515 31,623
Junior subordinated notes 1,387 1,386
Supplemental credit facility borrowings 450 0
Other 232 838
Total long-term debt 34,584 33,847
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 5,397 5,466
Regulatory liabilities 8,417 9,024
Asset retirement obligations 5,062 5,137
Derivative liabilities 625 508
Other 1,276 1,308
Total deferred credits and other liabilities 20,777 21,443
Noncurrent Liabilities Held for Sale 7,551 6,709
Total liabilities 76,362 70,672
Commitments and Contingencies (see Note 23)
Preferred stock (See Note 19) 0 1,610
Shareholders' Equity    
Preferred stock (See Note 19) 1,783 1,783
Common stock - no par [8] 23,605 21,610
Retained earnings 4,065 5,373
Accumulated other comprehensive income (loss) (1,572) (1,458)
Shareholders' equity 27,881 27,308
Total shareholders' equity 27,881 27,308
Total liabilities, mezzanine equity and shareholders' equity 104,243 99,590
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 22 26
Customer receivables (less allowance for doubtful accounts of $26 and $35) 1,578 1,172
Other receivables (less allowance for doubtful accounts of $2 at both dates) 204 112
Affiliated receivables 7 37
Inventories:    
Materials and supplies 663 610
Fossil fuel 261 261
Derivative assets [9] 765 [1] 76
Margin deposit assets 310 167
Prepayments 43 37
Regulatory assets 1,140 850
Other 9 2
Total current assets 5,002 3,350
Investments    
Nuclear decommissioning trust funds 3,202 3,734
Other 3 3
Total investments 3,205 3,737
Property, Plant and Equipment    
Property, plant and equipment 54,697 49,890
Accumulated depreciation, depletion and amortization (16,218) (15,234)
Total property, plant and equipment, net 38,479 34,656
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [9] 518 431
Intangible assets, net 536 395
Regulatory assets 4,247 4,130
Other [9] 1,207 1,233
Total deferred charges and other assets 6,508 6,189
Total assets 53,194 47,932
Current Liabilities    
Securities due within one year 1,164 313
Short-term debt 941 745
Accounts payable 600 402
Payables to affiliates 255 121
Affiliated current borrowings 2,024 699
Accrued interest, payroll and taxes 270 274
Asset retirement obligations 350 191
Derivative liabilities [6],[10] 298 134
Regulatory liabilities 506 647
Other 826 567
Total current liabilities 7,234 4,093
Long-Term Debt    
Long-term debt 14,916 13,453
Other 65 503
Total long-term debt 14,981 13,956
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,452 3,183
Regulatory liabilities 5,499 5,740
Asset retirement obligations 3,743 3,732
Other [10] 1,040 1,248
Total deferred credits and other liabilities 13,734 13,903
Total liabilities 35,949 31,952
Commitments and Contingencies (see Note 23)
Shareholders' Equity    
Common stock - no par [11] 5,738 5,738
Other paid-in capital 1,113 1,113
Retained earnings 10,385 9,170
Accumulated other comprehensive income (loss) 9 (41)
Shareholders' equity 17,245 15,980
Total liabilities, mezzanine equity and shareholders' equity $ 53,194 $ 47,932
[1] Includes $118 million and $6 million reported in current assets held for sale in Dominion Energy's Consolidated Balance Sheets at December 31, 2022 and 2021, respectively.
[2] Excludes liability to Atlantic Coast Pipeline.
[3] Goodwill amounts do not contain any accumulated impairment losses.
[4] Includes $1 million reported in noncurrent assets held for sale in Dominion Energy's Consolidated Balance Sheets at December 31, 2022.
[5] Virginia Power’s noncurrent derivative assets are presented in other deferred charges and other assets in its Consolidated Balance Sheets.
[6] Includes $6 million and $3 million reported in current liabilities held for sale in Dominion Energy's Consolidated Balance Sheets at December 31, 2022 and 2021, respectively.
[7] See Note 9 for amounts attributable to related parties.
[8] 1.8 billion shares authorized; 835 million shares and 810 million shares outstanding at December 31, 2022 and 2021, respectively.
[9] See Note 25 for amounts attributable to affiliates.
[10] See Note 25 for amounts attributable to affiliates.
[11] 500,000 shares authorized; 274,723 shares outstanding at December 31, 2022 and 2021.