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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 382 $ 268 [1]
Customer receivables (less allowance for doubtful accounts) 1,908 1,749 [1]
Other receivables (less allowance for doubtful accounts) [2] 188 331 [1]
Inventories 1,724 1,418 [1]
Regulatory assets 745 496 [1]
Other 780 899 [1]
Total current assets 5,727 5,161 [1]
Investments    
Investment in equity method affiliates 1,467 1,278 [1]
Nuclear decommissioning trust funds [3] 5,767 4,938 [1]
Other 362 344 [1]
Total investments 7,596 6,560 [1]
Property, Plant and Equipment    
Property, plant and equipment 94,873 76,578 [1]
Accumulated depreciation, depletion and amortization (27,732) (22,018) [1]
Total property, plant and equipment, net 67,141 54,560 [1]
Deferred Charges and Other Assets    
Goodwill 8,985 6,410 [1]
Intangible assets, net 878 670 [1]
Regulatory assets 7,563 2,676 [1]
Operating lease assets 468  
Pension and other postretirement benefit assets 1,561 1,279 [1]
Other 903 598 [1]
Total deferred charges and other assets 20,358 11,633 [1]
Total assets 100,822 77,914 [1]
Current Liabilities    
Securities due within one year 2,364 3,624
Credit facility borrowings 0 73
Short-term debt 2,547 334
Accounts payable 787 914
Accrued interest, payroll and taxes 1,123 836
Regulatory liabilities 523 356
Other [2] 2,159 1,510 [1]
Total current liabilities 9,503 7,647
Long-Term Debt    
Long-Term Debt 31,853 26,328
Junior subordinated notes 4,795 3,430
Remarketable subordinated notes 0 1,386
Total long-term debt 36,648 31,144
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,185 5,116
Regulatory liabilities 10,808 6,840
Asset retirement obligations 4,984 2,250
Operating lease liabilities 404 0
Pension and other postretirement benefit liability 2,612 2,328
Other 1,297 541
Total deferred credits and other liabilities 26,290 17,075
Total liabilities 72,441 55,866
Commitments and Contingencies (see Note 18) [1]
Equity    
Preferred stock [4] 1,596  
Common stock - no par [5] 20,660 12,588
Retained earnings 7,124 9,219
Accumulated other comprehensive loss (1,683) (1,700)
Total shareholders' equity 27,697 20,107
Noncontrolling interests 684 1,941
Total equity 28,381 22,048
Total liabilities and equity 100,822 77,914
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 17 29 [6]
Customer receivables (less allowance for doubtful accounts) 958 999 [6]
Other receivables (less allowance for doubtful accounts) 47 76 [6]
Affiliated receivables 196 101 [6]
Inventories 847 837 [6]
Regulatory assets [7] 343 424
Other [8] 410 529
Total current assets 2,475 2,571 [6]
Investments    
Nuclear decommissioning trust funds [9] 2,682 2,369 [6]
Other 3 3 [6]
Total investments 2,685 2,372 [6]
Property, Plant and Equipment    
Property, plant and equipment 45,749 44,524 [6]
Accumulated depreciation, depletion and amortization (13,877) (14,003) [6]
Total property, plant and equipment, net 31,872 30,521 [6]
Deferred Charges and Other Assets    
Regulatory assets 1,872 737 [6]
Operating lease assets 191  
Other [8] 903 679
Total deferred charges and other assets 2,966 1,416 [6]
Total assets 39,998 36,880 [6]
Current Liabilities    
Securities due within one year 2 350 [6]
Short-term debt 1,300 314 [6]
Accounts payable 253 339 [6]
Payables to affiliates 182 209 [6]
Affiliated current borrowings 71 224 [6]
Regulatory liabilities 188 299 [6]
Other [8] 1,262 1,080
Total current liabilities 3,258 2,815 [6]
Long-Term Debt    
Long-Term Debt 11,291 11,321 [6]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,006 3,017 [6]
Regulatory liabilities 4,812 4,647 [6]
Asset retirement obligations 3,389 1,200 [6]
Operating lease liabilities 158  
Other [8] 1,120 833
Total deferred credits and other liabilities 12,485 9,697 [6]
Total liabilities 27,034 23,833 [6]
Commitments and Contingencies (see Note 18) [1]
Equity    
Common stock - no par [10] 5,738 5,738
Other paid-in capital 1,113 1,113 [6]
Retained earnings 6,139 6,208 [6]
Accumulated other comprehensive loss (26) (12) [6]
Total shareholders' equity 12,964 13,047 [6]
Total equity 12,964 13,047
Total liabilities and equity 39,998 36,880 [6]
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 183 99 [11]
Customer receivables (less allowance for doubtful accounts) [12] 160 187 [11]
Other receivables (less allowance for doubtful accounts) [12] 13 18 [11]
Affiliated receivables 335 319 [11]
Affiliated notes receivable 716 819 [11]
Inventories 120 97 [11]
Gas imbalances [12] 57 187 [11]
Current assets of discontinued operations 326 444 [11]
Regulatory assets [13] 9 8
Other [12] 84 178 [11]
Total current assets 1,994 2,348 [11]
Investments    
Affiliated notes receivable 4,565 4,317 [11]
Investment in equity method affiliates 331 339 [11]
Total investments 4,896 4,656 [11]
Property, Plant and Equipment    
Property, plant and equipment 14,941 14,700 [11]
Accumulated depreciation, depletion and amortization (3,379) (3,219) [11]
Total property, plant and equipment, net 11,562 11,481 [11]
Deferred Charges and Other Assets    
Goodwill 1,471 1,471 [11]
Regulatory assets [14] 43 52
Operating lease assets 39  
Pension and other postretirement benefit assets [12] 781 705 [11]
Other 211 241
Total deferred charges and other assets 2,502 2,417 [11]
Noncurrent assets of discontinued operations 6,051 5,849 [11]
Total assets 27,005 26,751 [11]
Current Liabilities    
Securities due within one year 450 748 [11]
Credit facility borrowings [11]   73
Short-term debt 250 10 [11]
Accounts payable 56 76 [11]
Payables to affiliates 69 124 [11]
Affiliated current borrowings 3,086 3,097 [11]
Regulatory liabilities [15] 32 24
Current liabilities of discontinued operations 1,030 1,273 [11]
Other [12] 295 354 [11]
Total current liabilities 5,236 5,755 [11]
Long-Term Debt    
Long-Term Debt 7,031 7,022 [11]
Affiliated Long-Term Debt 395  
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 1,338 1,330 [11]
Regulatory liabilities 810 765 [11]
Operating lease liabilities 32  
Other 158 118 [11]
Total deferred credits and other liabilities 2,338 2,213 [11]
Noncurrent liabilities of discontinued operations 3,177 2,896 [11]
Total liabilities 18,177 17,886 [11]
Commitments and Contingencies (see Note 18) [11]
Equity    
Predecessor equity 2,859 1,804 [11]
Membership interests 4,729 4,566 [11]
Accumulated other comprehensive loss (186) (169) [11]
Total members' equity 7,402 6,201 [11]
Noncontrolling interests 1,426 2,664 [11]
Total equity 8,828 8,865 [11]
Total liabilities and equity $ 27,005 $ 26,751 [11]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[2] See Note 10 for amounts attributable to related parties.
[3] The fair value of securities in an unrealized loss position was $208 million and $833 million at June 30, 2019 and December 31, 2018, respectively.
[4] 20 million shares authorized; 2 million shares outstanding at June 30, 2019.
[5] 1.8 billion shares authorized and 803 million shares outstanding at June 30, 2019 and 1 billion shares authorized and 681 million shares outstanding at December 31, 2018.
[6] Virginia Power’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[7] Current regulatory assets are presented in other current assets in Virginia Power’s Consolidated Balance Sheets.
[8] See Note 20 for amounts attributable to affiliates.
[9] The fair value of securities in an unrealized loss position was $97 million and $404 million at June 30, 2019 and December 31, 2018, respectively.
[10] 500,000 shares authorized; 274,723 shares outstanding at June 30, 2019 and December 31, 2018.
[11] Dominion Energy Gas’ Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[12] See Note 20 for amounts attributable to related parties.
[13] Current regulatory assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[14] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[15] Current regulatory liabilities are presented in other current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.