Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

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,	2023		2022		2023		2022
(millions)
Utility:
Generation	$	24,903	$	23,720	$	18,580	$	17,611
Transmission		16,540		15,179		14,268		13,034
Distribution		21,836		20,154		15,934		14,681
Nuclear fuel		2,424		2,373		1,815		1,823
General and other		1,758		1,701		1,036		1,019
Plant under construction(1)(2)		8,230		5,308		7,548		4,685
Total utility		75,691		68,435		59,181		52,853
Non-jurisdictional - including plant under construction(2)		1,772		1,834		1,772		1,834
Nonutility:
Nonregulated generation-nuclear		1,855		1,935		—		—
Nonregulated generation-solar		945		944		—		—
Nuclear fuel		1,009		954		—		—
Other-including plant under construction		2,145		1,606		10		10
Total nonutility		5,954		5,439		10		10
Total property, plant and equipment	$	83,417	$	75,708	$	60,963	$	54,697

(1)Includes $2.9 billion associated with the CVOW Commercial Project. Virginia Power’s February 2024 construction progress filing with the Virginia Commission included an estimated total project cost of $9.8 billion, excluding financing costs. In accordance with the Virginia Commission’s order in December 2022, the Companies are subject to a cost sharing mechanism in which Virginia Power will be eligible to recover 50% of such incremental costs which fall between $10.3 billion and $11.3 billion with no recovery of such incremental costs which fall between $11.3 billion and $13.7 billion. There is no cost sharing mechanism for any total construction costs in excess of $13.7 billion, the recovery of which would be determined in a future Virginia Commission proceeding.

(2)During 2023, Virginia Power determined the Bookers Mill solar project under development will be utilized to support its utility customers and included the project in its most recent Rider CE application. See Note 13 for additional information.

Schedule of Jointly Owned Utility Plants

The Companies’ proportionate share of jointly-owned power stations at December 31, 2023 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			2,632			612			1,513			1,557
Accumulated depreciation		(766	)		(1,455	)		(302	)		(604	)		(744	)
Nuclear fuel		—			787			—			540			609
Accumulated amortization of nuclear fuel		—			(619	)		—			(412	)		(380	)
Plant under construction		9			337			2			81			87

(1)Units jointly owned by Virginia Power.

(2)Units 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 federal investment tax credits on the projects, except as otherwise noted.

Project Name(1)	Date Agreement Entered	Date Agreement Closed	Project Location	Project Cost (millions)(2)		Date of Commercial Operations	MW Capacity
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

(1)During 2023, Virginia Power determined the Bookers Mill solar project under development will be utilized to support its utility customers and included the project in its most recent Rider CE application. See Note 13 for additional information.

(2)Includes acquisition costs.

(3)Referred to as Desper once placed in service.

Dominion Energy

Schedule of Nonregulated Solar Projects

In addition, the following table presents acquisitions by Dominion Energy of solar projects (reflected in Contracted Energy unless otherwise noted). 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
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)(4)		62
Hardin II	August 2020	Terminated(5)
Atlanta Farms	March 2022	May 2022	Ohio		390	Expected 2024(3)		200
Foxhound	March 2023	February 2024	Virginia		205	Expected 2024(3)		83

(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)Madison is reflected in the Corporate and Other segment effective December 2023.

(5)In January 2023, Dominion Energy terminated its agreement, without penalty, to acquire Hardin II.