Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2019

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information reflects the consolidated results of operations of Dominion Energy assuming the SCANA Combination had taken place on January 1, 2018. The unaudited pro forma financial information has been presented for illustrative purposes only and may change as Dominion Energy finalizes its valuation of certain assets acquired and liabilities assumed at the acquisition date. The unaudited pro forma financial information is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of the combined company.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019(1)		2018(1)		2019(1)		2018(1)
(millions, except EPS)
Operating Revenue	$	4,269	$	4,356	$	13,104	$	12,902
Net income attributable to Dominion Energy		1,029		923		1,991		2,054
Earnings Per Common Share – Basic	$	1.28	$	1.23	$	2.47	$	2.74
Earnings Per Common Share – Diluted	$	1.26	$	1.23	$	2.44	$	2.74

(1) Amounts include adjustments for non-recurring costs directly related to the SCANA Combination.

SCANA

Schedule of Preliminary Allocation of Purchase Price to Assets Acquired and Liabilities Assumed

The table below shows the preliminary allocation of the purchase price to the assets acquired and liabilities assumed at closing, including adjustments related to income taxes identified during 2019 as discussed in Note 5. The allocation is subject to change during the measurement period as additional information is obtained about the facts and circumstances that existed at closing. Any material adjustments to provisional amounts identified during the measurement period will be recognized and disclosed in the reporting period in which the adjustment amounts are determined. Certain tax-related amounts in the allocation of the purchase price below are preliminary and may change as Dominion Energy completes its analysis and review of applicable tax matters.

	Amount
(millions)
Total current assets(1)		$	1,782
Investments			224
Property, plant and equipment(2)			11,006
Goodwill			2,576
Regulatory assets(3)			3,940
Other deferred charges and other assets, including intangible assets			430
Total Assets			19,958
Total current liabilities			1,515
Long-term debt			6,707
Deferred income taxes			1,114
Regulatory liabilities			2,668
Other deferred credits and other liabilities(4)			1,115
Total Liabilities			13,119
Total purchase price(5)		$	6,839

(1) Includes $389 million of cash, restricted cash and equivalents, of which $115 million is considered restricted.

(2) Includes $105 million of certain property, plant and equipment associated with the NND Project for which Dominion Energy committed to forgo recovery in accordance with the SCANA Merger Approval Order. As a result, Dominion Energy’s Consolidated Statement of Income for the nine months ended September 30, 2019 includes a charge of $105 million ($79 million after-tax), included in impairment of assets and other charges.

(3) Includes $264 million of certain income tax-related regulatory assets associated with the NND Project for which Dominion Energy committed to forgo recovery in accordance with the SCANA Merger Approval Order. See Note 5 for additional information.

(4) Includes a $379 million pension and other postretirement benefit liability.

(5) Includes stock-based compensation awards with a fair value of $21 million.