XML 93 R141.htm IDEA: XBRL DOCUMENT v3.19.3
Regulatory Assets and Liabilities (Schedule of Regulatory Liabilities) (Detail) - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [1] $ 356 $ 193
Regulatory liabilities-noncurrent 6,840 6,916
Total regulatory liabilities 7,196 7,109
Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current 299 127
Regulatory liabilities-noncurrent 4,647 4,760
Total regulatory liabilities 4,946 4,887
Dominion Energy Gas Holdings, LLC    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [1] 24 21
Regulatory liabilities-noncurrent 765 769
Total regulatory liabilities 789 790
Income taxes refundable through future rates    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [2] 4,071 4,058
Income taxes refundable through future rates | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [2] 2,579 2,581
Income taxes refundable through future rates | Dominion Energy Gas Holdings, LLC    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [2] 530 551
Provision for future cost of removal and AROs    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [3] 117 101
Regulatory liabilities-noncurrent [3] 1,409 1,384
Provision for future cost of removal and AROs | Dominion Energy Gas Holdings, LLC    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [3] 9 7
Regulatory liabilities-noncurrent [3] 113 124
Unrecognized other postretirement benefit costs | Dominion Energy Gas Holdings, LLC    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [4] 106 76
Cost-of-service impact of 2017 Tax Reform Act    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [5] 104  
Cost-of-service impact of 2017 Tax Reform Act | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [5] 95  
Reserve for rate credits to electric utility customers    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [6] 71  
Reserve for rate credits to electric utility customers | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [6] 71  
Nuclear decommissioning trust    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [7] 1,070 1,121
Nuclear decommissioning trust | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [7] 1,070 1,121
Derivatives    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [8] 25 69
Derivatives | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-noncurrent [8] 25 69
Provision for future cost of removal | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [3] 92 80
Regulatory liabilities-noncurrent [3] 940 915
Overrecovered gas costs | Dominion Energy Gas Holdings, LLC    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current [9] 7 5
Other    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current 64 92
Regulatory liabilities-noncurrent 265 284
Other | Virginia Electric and Power Company    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current 41 47
Regulatory liabilities-noncurrent 33 74
Other | Dominion Energy Gas Holdings, LLC    
Regulatory Liabilities [Line Items]    
Regulatory liabilities-current 8 9
Regulatory liabilities-noncurrent $ 16 $ 28
[1] Current regulatory liabilities are presented in other current liabilities in Dominion Energy and Dominion Energy Gas’ Consolidated Balance Sheets.
[2] Amounts recorded to pass the effect of reduced income tax rates from the 2017 Tax Reform Act to customers in future periods, which will reverse at the weighted average tax rate that was used to build the reserves over the remaining book life of the property, net of amounts to be recovered through future rates to pay income taxes that become payable when rate revenue is provided to recover AFUDC-equity.
[3] Rates charged to customers by the Companies’ regulated businesses include a provision for the cost of future activities to remove assets that are expected to be incurred at the time of retirement.
[4] Reflects a regulatory liability for the collection of postretirement benefit costs allowed in rates in excess of expense incurred.
[5] Balance refundable to customers related to the decrease in revenue requirements for recovery of income taxes at the Companies’ regulated electric generation and electric and natural gas distribution operations. See Note 13 for more information.
[6] Charge associated with Virginia legislation enacted in March 2018 that requires one-time rate credits of certain amounts to utility customers. See Note 13 for more information.
[7] Primarily reflects a regulatory liability representing amounts collected from Virginia jurisdictional customers and placed in external trusts (including income, losses and changes in fair value thereon) for the future decommissioning of Virginia Power’s utility nuclear generation stations, in excess of the related AROs.
[8] As discussed under Derivative Instruments in Note 2, for jurisdictions subject to cost-based rate regulation, changes in the fair value of derivative instruments result in the recognition of regulatory assets or regulatory liabilities as they are expected to be recovered from or refunded to customers.
[9] Reflects unrecovered or overrecovered gas costs at regulated gas operations, which are recovered or refunded through filings with the applicable regulatory authority.