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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 1,752 $ 120 [1]
Customer receivables (less allowance for doubtful accounts) 1,680 2,157 [1]
Other receivables (less allowance for doubtful accounts) 368 383 [1]
Inventories 1,568 1,528 [1]
Derivative assets 263 1,019 [1]
Margin deposit assets 193 480 [1]
Regulatory assets 1,507 1,883 [1]
Other 457 504 [1]
Current assets held for sale 1,817 1,776 [1]
Total current assets 9,605 9,850 [1]
Investments    
Nuclear decommissioning trust funds 6,262 5,957 [1]
Investment in equity method affiliates 303 295 [1]
Other 321 325 [1]
Total investments 6,886 6,577 [1]
Property, Plant and Equipment    
Property, plant and equipment 76,536 75,178 [1]
Accumulated depreciation, depletion and amortization (23,662) (23,352) [1]
Total property, plant and equipment, net 52,874 51,826 [1]
Deferred Charges and Other Assets    
Goodwill 4,143 4,143 [1]
Regulatory assets 8,108 8,265 [1]
Other 4,786 4,780 [1]
Total deferred charges and other assets 17,037 17,188 [1]
Noncurrent Assets Held for Sale 18,923 18,802 [1]
Total assets 105,325 104,243 [1]
Current Liabilities    
Securities due within one year 4,349 3,337 [2]
Short-term debt 3,546 3,423 [2]
Accounts payable 766 1,165 [2]
Accrued interest, payroll and taxes 786 910 [2]
Derivative liabilities 370 772 [2]
Regulatory liabilities 520 748 [2]
Other [3] 1,507 1,697 [2]
Current liabilities held for sale 918 1,398 [2]
Total current liabilities 12,762 13,450 [2]
Long-Term Debt    
Long-term debt 33,307 32,515 [2]
Junior subordinated notes 1,387 1,387 [2]
Supplemental credit facility borrowings 900 450 [2]
Other 234 232 [2]
Total long-term debt 35,828 34,584 [2]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 5,547 5,397 [2]
Regulatory liabilities 8,410 8,417 [2]
Other 6,841 6,963 [2]
Total deferred credits and other liabilities 20,798 20,777 [2]
Noncurrent Liabilities Held for Sale 7,581 7,551 [2]
Total liabilities 76,969 76,362 [2]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Preferred stock (see Note 16) 1,783 1,783 [2]
Common stock - no par [4] 23,652 23,605 [2]
Retained earnings 4,486 4,065 [2]
Accumulated other comprehensive loss (1,565) (1,572) [2]
Shareholders' equity 28,356 27,881 [2]
Noncontrolling interests 0 0 [2]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total 28,356 27,881 [2]
Total liabilities and shareholders' equity 105,325 104,243 [2]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 21 22 [5]
Customer receivables (less allowance for doubtful accounts) 1,227 1,578 [5]
Other receivables (less allowance for doubtful accounts) 196 204 [5]
Inventories 962 924 [5]
Derivative assets [7] 91 [6] 765 [5]
Margin deposit assets 54 310 [5]
Regulatory assets 820 1,140 [5]
Other 49 52 [5]
Total current assets 3,427 5,002 [5]
Investments    
Nuclear decommissioning trust funds 3,360 3,202 [5]
Other 3 3 [5]
Total investments 3,363 3,205 [5]
Property, Plant and Equipment    
Property, plant and equipment 55,800 54,697 [5]
Accumulated depreciation, depletion and amortization (16,466) (16,218) [5]
Total property, plant and equipment, net 39,334 38,479 [5]
Deferred Charges and Other Assets    
Regulatory assets 4,151 4,247 [5]
Other [7] 2,343 2,261 [5]
Total deferred charges and other assets 6,494 6,508 [5]
Total assets 52,618 53,194 [5]
Current Liabilities    
Securities due within one year 378 1,164 [8]
Short-term debt 1,010 941 [8]
Accounts payable 485 600 [8]
Accrued interest, payroll and taxes 344 270 [8]
Derivative liabilities [9] 152 298 [8]
Regulatory liabilities 309 506 [8]
Other 972 1,176 [8]
Total current liabilities 5,056 7,234 [8]
Long-Term Debt    
Long-term debt 16,050 14,916 [8]
Other 73 65 [8]
Total long-term debt 16,123 14,981 [8]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,463 3,452 [8]
Regulatory liabilities 5,557 5,499 [8]
Other 4,826 4,783 [8]
Total deferred credits and other liabilities 13,846 13,734 [8]
Total liabilities 35,025 35,949 [8]
Commitments and Contingencies (see Note 17)
Shareholders' Equity    
Common stock - no par [10] 5,738 5,738 [8]
Other paid-in capital 1,113 1,113 [8]
Retained earnings 10,738 10,385 [8]
Accumulated other comprehensive loss 4 9 [8]
Shareholders' equity 17,593 17,245 [8]
Total liabilities and shareholders' equity 52,618 53,194 [8]
Virginia Electric and Power Company | Related party    
Current Assets    
Other receivables (less allowance for doubtful accounts) $ 7 $ 7 [5]
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Current Liabilities    
Accounts payable $ 203 $ 255 [8]
Accounts Payable, Current, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Other $ 1,203 $ 2,024 [8]
Other Liability, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date and recast for certain events as discussed in Note 1.
[2] Dominion Energy’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date and recast for certain events as discussed in Note 1.
[3] See Note 10 for amounts attributable to related parties.
[4] 1.8 billion shares authorized; 836 million and 835 million shares outstanding at March 31, 2023 and December 31, 2022, respectively.
[5] Virginia Power’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date.
[6] See Note 19 for amounts attributable to affiliates.
[7] See Note 19 for amounts attributable to affiliates
[8] Virginia Power’s Consolidated Balance Sheet at December 31, 2022 has been derived from the audited Consolidated Balance Sheet at that date.
[9] See Note 19 for amounts attributable to affiliates
[10] 500,000 shares authorized; 274,723 shares outstanding at March 31, 2023 and December 31, 2022.