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Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Reconciliation of Total Cash, Restricted Cash and Equivalents

The following table provides a reconciliation of the total cash, restricted cash and equivalents reported within the Companies’ Consolidated Balance Sheets to the corresponding amounts reported within the Companies’ Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023:


	Cash, Restricted Cash and Equivalents at End of Period				Cash, Restricted Cash and Equivalents at Beginning of Period
	March 31, 2024		March 31, 2023		December 31, 2023		December 31, 2022
(millions)
Dominion Energy
Cash and cash equivalents(1)	$	306	$	1,792	$	217	$	153
Restricted cash and equivalents(2)(4)		30		164		84		188
Cash, restricted cash and equivalents shown in the Consolidated Statements of Cash Flows	$	336	$	1,956	$	301	$	341
Virginia Power
Cash and cash equivalents	$	119	$	21	$	90	$	22
Restricted cash and equivalents(3)(4)		6		1		—		2
Cash, restricted cash and equivalents shown in the Consolidated Statements of Cash Flows	$	125	$	22	$	90	$	24

(1)

At March 31, 2024, March 31, 2023, December 31, 2023 and December 31, 2022, Dominion Energy had $41 million, $40 million, $33 million and $34 million, respectively, of cash and cash equivalents included in current assets held for sale.

(2)

At March 31, 2024, March 31, 2023, December 31, 2023 and December 31, 2022, Dominion Energy had $4 million, $1 million, $4 million and $2 million, respectively, of restricted cash and equivalents included in current assets held for sale with the remaining balances presented within other current assets in Dominion Energy’s Consolidated Balance Sheets.

(3)

Restricted cash and equivalents balances are presented within other current assets in Virginia Power’s Consolidated Balance Sheets.

(4)

Includes $6 million attributable to VIEs at March 31, 2024.

Schedule of Supplemental Cash Flow Information

The following table provides supplemental disclosure of cash flow information related to Dominion Energy:


Three Months Ended March 31,	2024		2023
(millions)
Significant noncash investing and financing activities:(1)
Accrued capital expenditures	$	753	$	671
Leases(2)		161		117

(1)

See Notes 3 and 17 for noncash financing activities related to debt assumed with closing of the East Ohio Transaction and the transfer of property associated with the settlement of litigation.

(2)

Includes $26 million and $32 million of financing leases at March 31, 2024 and 2023, respectively, and $135 million and $85 million of operating leases at March 31, 2024 and 2023, respectively.

The following table provides supplemental disclosure of cash flow information related to Virginia Power:


Three Months Ended March 31,	2024		2023
(millions)
Significant noncash investing and financing activities:
Accrued capital expenditures	$	566	$	460
Leases(1)		142		99

(1)

Includes $22 million and $31 million of financing leases at March 31, 2024 and 2023, respectively, and $120 million and $68 million of operating leases at March 31, 2024 and 2023, respectively.