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Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Schedule of Accumulated Other Comprehensive Income (Loss)
Presented in the table below is a summary of AOCI by component:
At December 31,
 
2019
 
  
2018
 
(millions)
 
 
  
 
Dominion Energy
 
 
 
    
 
Net deferred losses on derivatives-hedging activities, net of $135 and $79 tax
 
$
(407
)
  $
(234
 )
Net unrealized gains on nuclear decommissioning trust funds, net of $(13) and $— tax
 
 
37
 
    
2
 
Net unrecognized pension and other postretirement benefit costs, net of $492 and $519 tax
 
 
(1,421
)
   
(1,465
 )
Other comprehensive loss from equity method investees, net of $1 and $— tax
 
 
(2
)
   
(2
 )
Total AOCI, including noncontrolling interests
  
$
(1,793
)
  $
(1,699
 )
Less other comprehensive income attributable to noncontrolling interests
  
 
—
 
    
1
 
Total AOCI, excluding noncontrolling interests
  
$
(1,793
)
  $
(1,700
 )
Virginia Power
 
 
 
    
 
Net deferred losses on derivatives-hedging activities, net of $11 and $4 tax
 
$
(34
)
  $
(13
 )
Net unrealized gains on nuclear decommissioning trust funds, net of $(1) and $— tax
 
 
5
 
    
1
 
Total AOCI
 
$
(29
)
  $
(12
 )
Dominion Energy Gas
 
 
 
    
 
Net deferred losses on derivatives-hedging activities, net of $28 and $8 tax
 
$
(82
)
  $
(25
 )
Net unrecognized pension costs, net of $41 and $56 tax
 
 
(106
)
   
(144
 )
Total AOCI, including noncontrolling interests
  
 
(188
)
   
(169
 )
Less other comprehensive income (loss) attributable to noncontrolling interests
  
 
(1
)
   
—
 
Total AOCI, excluding noncontrolling interests
  
$
(187
)
  $
(169
 )
Dominion Energy
The following table presents Dominion Energy’s changes in AOCI by component, net of tax:
 
Deferred
gains and
losses on
derivatives-
hedging
activities
   
Unrealized
gains and
losses on
investment
securities
   
Unrecognized
pension and
other
postretirement
benefit costs
   
Other
comprehensive
loss from
equity method
investees
   
Total
 
(millions)
 
 
  
   
   
   
 
Year Ended December 31, 2019
 
 
 
    
     
     
     
 
Beginning balance
 
 
$(235)
 
  
 
$     2
 
  
 
$(1,465
)
 
 
$(2
)
 
 
$(1,700)
 
Other comprehensive income before reclassifications: gains (losses)
 
 
(110)
 
  
 
39
 
  
 
(22)
 
  
 
—
 
  
 
(93)
 
Amounts reclassified from AOCI: (gains) losses
(1)
  
 
(62)
 
  
 
(4)
 
  
 
66
 
  
 
—
 
  
 
—
 
Net current period other comprehensive income (loss)
 
 
(172)
 
  
 
35
 
  
 
44
 
  
 
—
 
  
 
(93
)
Ending balance
 
 
$(407)
 
  
 
$37
 
  
 
$(1,421
)
 
 
$(2
)
 
 
$(1,793
)
Year Ended December 31, 2018
 
 
 
    
     
     
     
 
Beginning balance
   
$(302)
     
$747
     
$(1,101)
     
$(3)
     
$(659
 )
Other comprehensive income before reclassifications: gains (losses)
   
30
     
(18
 )    
(215)
     
1
     
(202
 )
Amounts reclassified from AOCI: (gains) losses
(1)
    
102
     
5
     
78
     
—
     
185
 
Net current period other comprehensive income (loss)
   
132
     
(13)
     
(137)
     
1
     
(17)
 
Cumulative-effect of changes in accounting principle
   
(64)
     
(732)
     
(227)
     
—
     
(1,023
 )
Less other comprehensive income (loss) attributable to noncontrolling interests
    
1
     
—
     
—
     
—
     
1
 
Ending balance
   
$(235)
     
$     2
     
$(1,465)
     
$(2)
     
$  (1,700
 )
 
(1)
See table below for details about these reclassifications.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents Dominion Energy’s reclassifications out of AOCI by component:
Details about AOCI components
 
Amounts
reclassified
from AOCI
   
Affected line item in the
Consolidated Statements of
Income
(millions)
 
 
  
Year Ended December 31, 2019
 
 
 
  
Deferred (gains) and losses on derivatives-hedging activities:
 
 
 
  
Commodity contracts
 
 
$(146)
 
  
Operating revenue
 
 
3
 
  
Purchased gas
Interest rate contracts
 
 
54
 
  
Interest and related charges
Foreign currency contracts
 
 
6
 
  
Other Income
Total
 
 
(83
)
 
Tax
 
 
21
 
  
Income tax expense
Total, net of tax
 
 
$(62
)
 
Unrealized (gains) and losses on investment securities:
 
 
 
  
Realized (gain) loss on sale of securities
 
 
$(5)
 
  
Other income
Total
 
 
(5)
 
  
Tax
 
 
1
 
  
Income tax expense
Total, net of tax
 
 
$(4
)
 
Unrecognized pension and other postretirement benefit costs:
 
 
 
  
Amortization of prior-service costs (credits)
 
 
$(24)
 
  
Other income
Amortization of actuarial losses
 
 
113
 
  
Other income
Total
 
 
89
 
  
Tax
 
 
(23
)
 
Income tax expense
Total, net of tax
 
 
$66
 
  
Year Ended December 31, 2018
 
 
 
  
Deferred (gains) and losses on derivatives-hedging activities:
 
 
 
  
Commodity contracts
   
$90
   
Operating revenue
   
(14
 )  
Purchased gas
Interest rate contracts
   
48
   
Interest and related charges
Foreign currency contracts
   
13
   
Other Income
Total
   
137
   
Tax
   
(35
 )  
Income tax expense
Total, net of tax
   
$102
   
Unrealized (gains) and losses on investment securities:
   
   
Realized (gain) loss on sale of securities
   
$7
   
Other income
Total
   
7
   
Tax
   
(2
 )  
Income tax expense
Total, net of tax
   
$5
   
Unrecognized pension and other postretirement benefit costs:
   
   
Prior-service costs (credits)
   
$(21
 )  
Other income
Actuarial losses
   
120
   
Other income
Total
   
99
   
Tax
   
(21
 )  
Income tax expense
Total, net of tax
   
$78
   
Summary of Restricted Stock Activity The following table provides a summary of restricted stock activity for the years ended December 31, 2019, 2018 and 2017:
 
Shares
   
Weighted—average
Grant Date Fair
Value
 
  
(thousands)
   
 
Nonvested at December 31, 2016
   
886
     
$71.40
 
Granted
   
454
     
74.24
 
Vested
   
(287
 )    
68.90
 
Cancelled and forfeited
   
(10
 )    
72.37
 
Nonvested at December 31, 2017
   
1,043
     
$73.32
 
Granted
   
534
     
72.92
 
Vested
   
(316
 )    
73.59
 
Cancelled and forfeited
   
(53
 )    
74.25
 
Nonvested at December 31, 2018
   
1,208
     
$73.03
 
Granted
 
 
614
 
  
 
76.49
 
Vested
 
 
(324
)
 
 
71.75
 
Cancelled and forfeited
 
 
(96
)
 
 
77.16
 
Nonvested at December 31, 2019
 
 
1,402
 
  
 
$74.77
 
Virginia Electric and Power Company  
Schedule of Accumulated Other Comprehensive Income (Loss)
Virginia Power
The following table presents Virginia Power’s changes in AOCI by component, net of tax:
 
Deferred
gains and
losses on
derivatives-
hedging
activities
   
Unrealized
gains and
losses on
investment
securities
   
Total
 
(millions)
 
 
  
   
 
                         
Year Ended December 31, 2019
 
 
 
    
     
 
Beginning balance
 
 
$(13
)
 
$
1
 
  
 
$(12)
 
Other comprehensive income before reclassifications: gains (losses)
 
 
(22
)
 
 
5
 
  
 
(17)
 
Amounts reclassified from AOCI: (gains) losses
(1)
  
 
1
 
  
 
(1
)
 
 
—
 
Net current period other comprehensive income (loss)
 
 
(21
)
 
 
4
 
  
 
(17)
 
Ending balance
 
 
$(34
)
 
$
5
 
  
 
$(29)
 
Year Ended December 31, 2018
 
 
 
    
     
 
Beginning balance
   
$(12
 )   $
74
    $
62
 
Other comprehensive income before reclassifications: gains (losses)
   
1
     
—
     
1
 
Amounts reclassified from AOCI: gains (losses)
(1)
    
1
     
—
     
1
 
Net current period other comprehensive income (loss)
   
2
     
—
     
2
 
Cumulative-effect of changes in accounting principle
   
(3
 )    
(73
 )    
(76)
 
Ending balance
   
$(13
 )   $
1
    $
(12)
 
 
(1)
See table below for details about these reclassifications.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents Virginia Power’s reclassifications out of AOCI by component:
Details about AOCI components
 
Amounts
reclassified
from AOCI
   
Affected line item in the
Consolidated Statements of
Income
(millions)
 
 
  
             
Year Ended December 31, 2019
 
 
 
  
(Gains) losses on cash flow hedges:
 
 
 
  
Interest rate contracts
 
 
$   1
 
  
Interest and related charges
Total
 
 
1
 
  
Tax
 
 
—
 
  
Income tax expense
Total, net of tax
 
 
$   1
 
  
Unrealized (gains) and losses on investment securities:
 
 
 
  
Realized (gain) loss on sale of securities
 
 
$ (2)
 
  
Other income
Impairment
 
 
—
 
  
Other income
Total
 
 
(2)
 
  
Tax
 
 
1
 
  
Income tax expense
Total, net of tax
 
 
$ (1)
 
  
Year Ended December 31, 2018
 
 
 
  
(Gains) losses on cash flow hedges:
 
 
 
  
Interest rate contracts
   
$   1
   
Interest and related charges
Total
   
1
   
Tax
   
—
   
Income tax expense
Total, net of tax
   
$   1
   
Dominion Energy Gas Holdings, LLC  
Schedule of Accumulated Other Comprehensive Income (Loss)
Dominion Energy Gas
The following table presents Dominion Energy Gas’ changes in AOCI by component, net of tax:
 
Deferred gains
and losses on
derivatives-
hedging
activities
   
Unrecognized
pension and
other
postretirement
benefit costs
   
Total
 
(millions)
 
 
  
   
 
                         
Year Ended December 31, 2019
 
 
 
    
     
 
Beginning balance
 
 
$(25
)
 
 
$(144
)
 
$
(169)
 
Other comprehensive income before reclassifications: gains (losses)
 
 
(61
)
 
 
33
 
  
 
(28
)
Amounts reclassified from AOCI: (gains) losses
(1)
  
 
5
 
  
 
5
 
  
 
10
 
Net current period other comprehensive income (loss)
 
 
(56
)
 
 
38
 
  
 
(18
)
Dominion Energy Gas Restructuring
  
 
(1
)
 
 
—
 
  
 
(1
)
Less other comprehensive income attributable to noncontrolling interests
  
 
(1
)
 
 
—
 
  
 
(1
)
Ending balance
 
 
$(81
)
 
 
$(106
)
 
$
(187
)
Year Ended December 31, 2018
 
 
 
  
 
 
  
 
 
Beginning balance
   
$(23
 )    
$(75
 )   $
(98
 )
Other comprehensive income before reclassifications: gains (losses)
   
(16
 )    
(52
 )    
(68
 )
Amounts reclassified from AOCI: gains (losses)
(1)
    
19
     
4
     
23
 
Net current period other comprehensive income (loss)
   
3
     
(48
 )    
(45
 )
Cumulative-effect of changes in accounting principle
   
(5
 )    
(21
 )    
(26
 )
Ending balance
   
$(25
 )    
$(144
 )    
$(169
 )
 
(1)
See table below for details about these reclassifications.
Reclassification out of Accumulated Other Comprehensive Income
The following table presents Dominion Energy Gas’ reclassifications out of AOCI by component:
Details about AOCI components
 
Amounts
reclassified
from AOCI
   
Affected line item in the
Consolidated Statements of Income
(millions)
 
 
  
             
Year Ended December 31, 2019
 
 
 
  
Deferred (gains) and losses on derivatives-hedging activities:
 
 
 
  
Commodity contracts
 
 
$   (4)
 
  
Net income from discontinued operations
Interest rate contracts
 
 
5
 
  
Interest and related charges
Foreign currency contracts
 
 
6
 
  
Other income
Total
 
 
7
 
  
Tax
 
 
(2)
 
  
Income tax expense
Total, net of tax
 
 
$   5
 
  
Unrecognized pension costs:
 
 
 
  
Actuarial losses
 
 
$   7
 
  
Other income
Total
 
 
7
 
  
Tax
 
 
(2)
 
  
Income tax expense
Total, net of tax
 
 
$   5
 
  
Year Ended December 31, 2018
 
 
 
  
Deferred (gains) and losses on derivatives-hedging activities:
 
 
 
  
Commodity contracts
   
$   8
   
Net income from discontinued operations
Interest rate contracts
   
5
   
Interest and related charges
Foreign currency contracts
   
13
   
Other income
Total
   
26
   
Tax
   
(7)
   
Income tax expense
Total, net of tax
   
$19
   
Unrecognized pension costs:
   
   
Actuarial losses
   
$   6
   
Other income
Total
   
6
   
Tax
   
(2)
   
Income tax expense
Total, net of tax
   
$   4