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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 422 $ 268 [1]
Customer receivables (less allowance for doubtful accounts) 2,236 1,749 [1]
Other receivables (less allowance for doubtful accounts) [2] 203 331 [1]
Inventories 1,657 1,418 [1]
Regulatory assets 725 496 [1]
Other 732 899 [1]
Total current assets 5,975 5,161 [1]
Investments    
Nuclear decommissioning trust funds 5,580 4,938 [1]
Investment in equity method affiliates 1,433 1,278 [1]
Other 357 344 [1]
Total investments 7,370 6,560 [1]
Property, Plant and Equipment    
Property, plant and equipment 93,485 76,578 [1]
Accumulated depreciation, depletion and amortization (26,918) (22,018) [1]
Total property, plant and equipment, net 66,567 54,560 [1]
Deferred Charges and Other Assets    
Goodwill 8,960 6,410 [1]
Intangible assets, net 887 670 [1]
Regulatory assets 7,575 2,676 [1]
Operating lease assets 486  
Other 2,234 1,877 [1]
Total deferred charges and other assets 20,142 11,633 [1]
Total assets 100,054 77,914 [1]
Current Liabilities    
Securities due within one year 3,080 3,624 [1]
Credit facility borrowings [1]   73
Short-term debt 2,412 334 [1]
Accounts payable 920 914 [1]
Accrued interest, payroll and taxes 957 836 [1]
Regulatory liabilities 612 356 [1]
Other [2] 1,795 1,510 [1]
Total current liabilities 9,776 7,647 [1]
Long-Term Debt    
Long-term debt 32,043 26,328 [1]
Junior subordinated notes 3,431 3,430 [1]
Remarketable subordinated notes 1,387 1,386 [1]
Total long-term debt 36,861 31,144 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,108 5,116 [1]
Regulatory liabilities 10,799 6,840 [1]
Asset retirement obligations 4,985 2,250 [1]
Operating lease liabilities 418  
Other 3,508 2,869 [1]
Total deferred credits and other liabilities 25,818 17,075 [1]
Total liabilities 72,455 55,866 [1]
Commitments and Contingencies (see Note 17) [1]
Equity    
Common stock - no par [3] 20,834 12,588 [1]
Retained earnings 7,806 9,219 [1]
Accumulated other comprehensive income (loss) (1,731) (1,700) [1]
Total common shareholders' equity 26,909 20,107 [1]
Noncontrolling interests 690 1,941 [1]
Total equity 27,599 22,048 [1]
Total liabilities and equity 100,054 77,914 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 14 29 [4]
Customer receivables (less allowance for doubtful accounts) 935 999 [4]
Other receivables (less allowance for doubtful accounts) 75 76 [4]
Affiliated receivables 59 101 [4]
Inventories 836 837 [4]
Regulatory assets [5] 387 424
Other [6] 454 529 [4]
Total current assets 2,373 2,571 [4]
Investments    
Nuclear decommissioning trust funds 2,591 2,369 [4]
Other 3 3 [4]
Total investments 2,594 2,372 [4]
Property, Plant and Equipment    
Property, plant and equipment 45,107 44,524 [4]
Accumulated depreciation, depletion and amortization (13,614) (14,003) [4]
Total property, plant and equipment, net 31,493 30,521 [4]
Deferred Charges and Other Assets    
Regulatory assets 1,719 737 [4]
Operating lease assets 202  
Other [6] 893 679 [4]
Total deferred charges and other assets 2,814 1,416 [4]
Total assets 39,274 36,880 [4]
Current Liabilities    
Securities due within one year 392 350 [4]
Short-term debt 595 314 [4]
Accounts payable 255 339 [4]
Payables to affiliates 104 209 [4]
Affiliated current borrowings 24 224 [4]
Regulatory liabilities 281 299 [4]
Other [6] 1,105 1,080 [4]
Total current liabilities 2,756 2,815 [4]
Long-Term Debt    
Long-Term Debt 11,288 11,321 [4]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 2,985 3,017 [4]
Regulatory liabilities 4,808 4,647 [4]
Asset retirement obligations 3,375 1,200 [4]
Operating lease liabilities 169  
Other [6] 949 833 [4]
Total deferred credits and other liabilities 12,286 9,697 [4]
Total liabilities 26,330 23,833 [4]
Commitments and Contingencies (see Note 17) [4]
Equity    
Common stock - no par [7] 5,738 5,738 [4]
Other paid-in capital 1,113 1,113 [4]
Retained earnings 6,110 6,208 [4]
Accumulated other comprehensive income (loss) (17) (12) [4]
Total common shareholders' equity 12,944 13,047 [4]
Total equity 12,944 13,047
Total liabilities and equity 39,274 36,880 [4]
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 4 10 [8]
Customer receivables (less allowance for doubtful accounts) [9] 354 309 [8]
Other receivables (less allowance for doubtful accounts) [9] 17 17 [8]
Affiliated receivables 7 10 [8]
Inventories 82 65 [8]
Gas imbalances [9] 80 162 [8]
Regulatory assets [10] 11 29
Other 126 174 [8]
Total current assets 670 747 [8]
Investments    
Total investments 92 93 [8]
Property, Plant and Equipment    
Property, plant and equipment 11,395 11,238 [8]
Accumulated depreciation, depletion and amortization (3,004) (2,971) [8]
Total property, plant and equipment, net 8,391 8,267 [8]
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [9] 1,815 1,775 [8]
Regulatory assets [11] 756 727
Operating lease assets 63  
Other [9] 1,483 1,469 [8]
Total deferred charges and other assets 3,361 3,244 [8]
Total assets 12,514 12,351 [8]
Current Liabilities    
Securities due within one year 451 449 [8]
Short-term debt 280 10 [8]
Accounts payable 161 196 [8]
Payables to affiliates 56 65 [8]
Affiliated current borrowings 47 218 [8]
Regulatory liabilities [12] 26 21
Other [9] 401 463 [8]
Total current liabilities 1,396 1,401 [8]
Long-Term Debt    
Long-Term Debt 3,607 3,609 [8]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 1,479 1,465 [8]
Regulatory liabilities 1,291 1,285 [8]
Operating lease liabilities 49  
Other 201 194 [8]
Total deferred credits and other liabilities 3,020 2,944 [8]
Total liabilities 8,023 7,954 [8]
Commitments and Contingencies (see Note 17) [8]
Equity    
Membership interests 4,682 4,566 [8]
Accumulated other comprehensive income (loss) (191) (169) [8]
Total equity 4,491 4,397 [8]
Total equity 4,491 4,397
Total liabilities and equity $ 12,514 $ 12,351 [8]
[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] 1 billion shares authorized; 802 million shares and 681 million shares outstanding at March 31, 2019 and December 31, 2018, respectively.
[4] Virginia Power’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[5] Current regulatory assets are presented in other current assets in Virginia Power’s Consolidated Balance Sheets.
[6] See Note 19 for amounts attributable to affiliates.
[7] 500,000 shares authorized; 274,723 shares outstanding at March 31, 2019 and December 31, 2018.
[8] Dominion Energy Gas’ Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[9] See Note 19 for amounts attributable to related parties.
[10] Current regulatory assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[11] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[12] Current regulatory liabilities are presented in other current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.