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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 166 $ 268
Customer receivables (less allowance for doubtful accounts) 2,278 1,749
Other receivables (less allowance for doubtful accounts) [1] 367 331
Inventories:    
Materials and supplies 1,193 1,039
Fossil fuel 412 287
Gas stored 137 92
Prepayments 328 265
Regulatory assets 879 496
Other 328 634
Total current assets 6,088 5,161
Investments    
Nuclear decommissioning trust funds 6,192 4,938
Investment in equity method affiliates 1,646 1,278
Other 379 344
Total investments 8,217 6,560
Property, Plant and Equipment    
Property, plant and equipment 97,466 76,578
Accumulated depreciation, depletion and amortization (28,384) (22,018)
Total property, plant and equipment, net 69,082 54,560
Deferred Charges and Other Assets    
Goodwill [2] 8,946 6,410
Pension and other postretirement benefit assets 1,708 1,279
Intangible assets, net 791 670
Regulatory assets 7,687 2,676
Other 1,304 598
Total deferred charges and other assets 20,436 11,633
Total assets 103,823 77,914
Current Liabilities    
Securities due within one year 3,162 3,624
Credit facility borrowings [3]   73
Short-term debt 911 334
Accounts payable 1,115 914
Accrued interest, payroll and taxes 1,323 836
Regulatory liabilities 497 356
Reserves for SCANA legal proceedings 696 0
Other [1] 2,235 1,510
Total current liabilities 9,939 7,647
Long-Term Debt    
Long-term debt 30,313 26,293
Junior subordinated notes 3,406 3,430
Remarketable subordinated notes   1,386
Finance leases 105 35
Total long-term debt 33,824 31,144
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,277 5,116
Regulatory liabilities 11,001 6,840
Asset retirement obligations 4,866 2,250
Pension and other postretirement benefit liability 2,366 2,328
Other [1] 1,517 541
Total deferred credits and other liabilities 26,027 17,075
Total liabilities 69,790 55,866
Commitments and Contingencies (see Note 23)
Equity    
Preferred stock (See Note 19) 2,387 0
Common stock - no par [4] 23,824 12,588
Retained earnings 7,576 9,219
Accumulated other comprehensive income (loss) (1,793) (1,700)
Total shareholder's equity 31,994 20,107
Noncontrolling interests 2,039 1,941
Total equity 34,033 22,048
Total liabilities and equity 103,823 77,914
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 17 29
Customer receivables (less allowance for doubtful accounts) 1,163 999
Other receivables (less allowance for doubtful accounts) 106 76
Affiliated receivables 27 101
Inventories:    
Materials and supplies 549 550
Fossil fuel 324 287
Prepayments 27 28
Regulatory assets 433 424
Other [5] 30 77
Total current assets 2,676 2,571
Investments    
Nuclear decommissioning trust funds 2,881 2,369
Other 3 3
Total investments 2,884 2,372
Property, Plant and Equipment    
Property, plant and equipment 47,038 44,524
Accumulated depreciation, depletion and amortization (14,156) (14,003)
Total property, plant and equipment, net 32,882 30,521
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [5] 287 254
Intangible assets, net 271 250
Regulatory assets 1,863 737
Other [5] 565 175
Total deferred charges and other assets 2,986 1,416
Total assets 41,428 36,880
Current Liabilities    
Securities due within one year 4 350
Short-term debt 243 314
Accounts payable 334 339
Payables to affiliates 210 209
Affiliated current borrowings 107 224
Accrued interest, payroll and taxes 253 248
Asset retirement obligations 340 245
Regulatory liabilities 167 299
Derivative Liabilities [5] 243 25
Customer deposits 121 121
Other 450 441
Total current liabilities 2,472 2,815
Long-Term Debt    
Long-Term Debt 12,325 11,320
Finance leases 16 1
Total long-term debt 12,341 11,321
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 2,962 3,017
Regulatory liabilities 5,074 4,647
Asset retirement obligations 3,241 1,200
Pension and other postretirement benefit liability [5] 782 632
Other [5] 567 201
Total deferred credits and other liabilities 12,626 9,697
Total liabilities 27,439 23,833
Commitments and Contingencies (see Note 23)
Equity    
Common stock - no par [6] 5,738 5,738
Other paid-in capital 1,113 1,113
Retained earnings 7,167 6,208
Accumulated other comprehensive income (loss) (29) (12)
Total shareholder's equity 13,989 13,047
Total liabilities and equity 41,428 36,880
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 27 [7] 99
Customer receivables (less allowance for doubtful accounts) [8] 173 187
Other receivables (less allowance for doubtful accounts) [8] 26 18
Affiliated receivables 362 319
Affiliated notes receivable   819
Inventories:    
Materials and supplies 120 95
Gas stored 2 2
Prepayments 73 77
Gas imbalances [8] 52 187
Regulatory assets [9] 8 8
Current assets of discontinued operations 0 444
Other 23 101
Total current assets 858 2,348
Investments    
Affiliated notes receivables 3,437 4,317
Investment in equity method affiliates 312 339
Total investments 3,749 4,656
Property, Plant and Equipment    
Property, plant and equipment 15,166 14,700
Accumulated depreciation, depletion and amortization (3,538) (3,219)
Total property, plant and equipment, net 11,628 11,481
Deferred Charges and Other Assets    
Goodwill [2] 1,471 1,471
Pension and other postretirement benefit assets [8] 840 705
Intangible assets, net 106 115
Regulatory assets 40 52
Other [8] 92 74
Total deferred charges and other assets 2,549 2,417
Noncurrent Assets of Discontinued Operations   5,849
Total assets 18,784 26,751
Current Liabilities    
Securities due within one year 700 748
Credit facility borrowings [3]   73
Short-term debt 62 10
Accounts payable 59 76
Payables to affiliates 82 124
Affiliated current borrowings 260 3,097
Accrued interest, payroll and taxes 128 116
Regulatory liabilities [10] 41 24
Current liabilities of discontinued operations   1,273
Other [8] 161 238
Total current liabilities 1,452 5,755
Long-Term Debt    
Long-Term Debt 4,821 7,022
Finance leases 5 0
Total long-term debt 4,826 7,022
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 1,288 1,330
Regulatory liabilities 800 765
Other 189 118
Total deferred credits and other liabilities 2,277 2,213
Noncurrent Liabilities of Discontinued Operations   2,896
Total liabilities 8,555 17,886
Commitments and Contingencies (see Note 23)
Equity    
Predecessor Equity   1,804
Membership interests 9,031 4,566
Accumulated other comprehensive income (loss) (187) (169)
Total shareholders' equity 8,844 6,201
Noncontrolling interests 1,385 2,664
Total equity 10,229 8,865
Total liabilities and equity $ 18,784 $ 26,751
[1] See Note 9 for amounts attributable to related parties.
[2] Goodwill amounts do not contain any accumulated impairment losses.
[3] In February 2019, Dominion Energy Midstream repaid its $300 million variable rate term loan due in December 2019 and terminated the credit facility due in March 2021 subsequent to repaying the $73 million outstanding balance. As such, credit facility borrowings are presented within current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets at December 31, 2018.
[4] 1.8 billion shares authorized; 838 million shares and 681 million shares outstanding at December 31, 2019 and 2018, respectively.
[5] See Note 25 for amounts attributable to affiliates.
[6] 500,000 shares authorized; 274,723 shares outstanding at December 31, 2019 and 2018.
[7] At December 31, 2018, 2017 and 2016, Dominion Energy Gas had $9 million, $3 million and $14 million of cash and cash equivalents included in current assets of discontinued operations, respectively.
[8] See Note 25 for amounts attributable to related parties.
[9] Current regulatory assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[10] Current regulatory liabilities are presented in other current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.