Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following table presents Dominion Energy’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

	Total Derivative-Hedging Activities(1)(2)			Investment Securities(3)			Pension and other postretirement benefit costs(4)			Equity Method Investees(5)			Total
(millions)
Three Months Ended March 31, 2024
Beginning balance	$	(216	)	$	—		$	(1,290	)	$	—		$	(1,506	)
Other comprehensive income (loss) before     reclassifications: gains (losses)		7			(26	)		(237	)		—			(256	)
Amounts reclassified from AOCI: (gains) losses
Interest and related charges		11			—			—			—			11
Other income (expense)		—			8			6			—			14
Total		11			8			6			—			25
Income tax expense (benefit)		(4	)		(2	)		(1	)		—			(7	)
Total, net of tax		7			6			5			—			18
Net current period other comprehensive     income (loss)		14			(20	)		(232	)		—			(238	)
Ending balance	$	(202	)	$	(20	)	$	(1,522	)	$	—		$	(1,744	)
Three Months Ended March 31, 2023
Beginning balance	$	(249	)	$	(44	)	$	(1,276	)	$	(3	)	$	(1,572	)
Other comprehensive income (loss) before     reclassifications: gains (losses)		(9	)		17			—			1			9
Amounts reclassified from AOCI: (gains) losses
Interest and related charges		11			—			—			—			11
Other income (expense)		—			2			(15	)		—			(13	)
Total		11			2			(15	)		—			(2	)
Income tax expense (benefit)		(3	)		(1	)		4			—			—
Total, net of tax		8			1			(11	)		—			(2	)
Net current period other comprehensive     income (loss)		(1	)		18			(11	)		1			7
Ending balance	$	(250	)	$	(26	)	$	(1,287	)	$	(2	)	$	(1,565	)

(1)Comprised entirely of interest rate derivative hedging activities.

(2)Net of $68 million, $73 million, $83 million and $83 million tax at March 31, 2024, December 31, 2023, March 31, 2023 and December 31, 2022, respectively.

(3)Net of $6 million, $(2) million, $6 million and $13 million tax at March 31, 2024, December 31, 2023, March 31, 2023 and December 31, 2022, respectively.

(4)Net of $538 million, $456 million, $449 million and $445 million tax at March 31, 2024, December 31, 2023, March 31, 2023 and December 31, 2022, respectively.

(5)Net of $— million at March 31, 2024, December 31, 2023 and March 31, 2023 and $1 million at December 31, 2022.

Virginia Electric and Power Company

Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following table presents Virginia Power’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

	Total Derivative-Hedging Activities(1)(2)			Investment Securities(3)			Total
(millions)
Three Months Ended March 31, 2024
Beginning balance	$	15		$	1		$	16
Other comprehensive income (loss) before     reclassifications: gains (losses)		7			(5	)		2
Amounts reclassified from AOCI: (gains) losses
Other income (expense)		—			2			2
Total		—			2			2
Income tax expense (benefit)		—			(1	)		(1	)
Total, net of tax		—			1			1
Net current period other comprehensive income (loss)		7			(4	)		3
Ending balance	$	22		$	(3	)	$	19
Three Months Ended March 31, 2023
Beginning balance	$	16		$	(7	)	$	9
Other comprehensive income (loss) before     reclassifications: gains (losses)		(9	)		4			(5	)
Net current period other comprehensive income (loss)		(9	)		4			(5	)
Ending balance	$	7		$	(3	)	$	4

(1)Comprised entirely of interest rate derivative hedging activities.

(2)Net of $(7) million, $(5) million, $(2) million and $(5) million tax at March 31, 2024, December 31, 2023, March 31, 2023 and December 31, 2022, respectively.

(3)Net of $1 million, $— million, $1 million and $2 million tax at March 31, 2024, December 31, 2023, March 31, 2023 and December 31, 2022, respectively.