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Variable Interest Entities
9 Months Ended
Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Variable Interest Entities

Note 15. Variable Interest Entities

There have been no significant changes regarding the entities the Companies consider VIEs as described in Note 16 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2020.

Dominion Energy

Dominion Energy’s Consolidated Balance Sheets include $264 million presented in current liabilities held for sale at September 30, 2021 as well as $32 million presented in securities due within one year and $239 million presented in long-term debt at December 31, 2020, for debt issued by SBL Holdco, a VIE, net of issuance costs, that is nonrecourse to Dominion Energy and is secured by SBL Holdco’s interest in certain nonregulated solar facilities.   

 

 

Virginia Power

Virginia Power purchased shared services from DES, an affiliated VIE, of $89 million and $81 million for the three months ended September 30, 2021 and 2020, respectively, and $278 million and $260 million for the nine months ended September 30, 2021 and 2020, respectively. Virginia Power’s Consolidated Balance Sheets include amounts due to DES of $24 million and $175 million at September 30, 2021 and December 31, 2020, respectively, recorded in payables to affiliates.