Acquisitions and Dispositions (Tables) - Dominion Energy Gas Holdings, LLC - GT&S Transaction

9 Months Ended

Sep. 30, 2021

Results of Operations Reported within Discontinued Operations

The following table represents selected information regarding the results of operations, which are reported within discontinued operations in Dominion Energy’s Consolidated Statements of Income:

	Three Months Ended September 30, 2021		Three Months Ended September 30, 2020					Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
	Q-Pipe Group		GT&S Transaction			Q-Pipe Group		Q-Pipe Group		GT&S Transaction			Q-Pipe Group
(millions)
Operating revenue	$	62	$	511		$	59	$	188	$	1,554		$	182
Operating expense⁽¹⁾		24		208			16		52		1,311			78
Other income⁽²⁾		26		(5	)		1		27		27			3
Interest and related charges⁽³⁾		7		267			5		17		366			15
Income (loss) before income taxes		57		31			39		146		(96	)		92
Income tax expense (benefit)⁽⁴⁾		12		(14	)		5		29		(65	)		19
Net income (loss) including noncontrolling interests		45		45			34		117		(31	)		73
Noncontrolling interests		—		32			—		—		97			—
Net income (loss) attributable to Dominion Energy	$	45	$	13		$	34	$	117	$	(128	)	$	73

(1)

GT&S Transaction includes a charge of $482 million ($359 million after-tax) recorded in the second quarter of 2020 associated with the probable abandonment of a significant portion of the Supply Header Project, as well as the establishment of a $75 million ARO as a result of the cancellation of the Atlantic Coast Pipeline Project.

(2)	Q-Pipe Group includes a $25 million benefit associated with the termination of the Q-Pipe Transaction in the third quarter of 2021.

(3)	GT&S Transaction includes a loss of $237 million recorded in the third quarter of 2020 associated with cash flow hedges of debt-related items that were determined to be probable of not occurring.

(4)	Excludes $18 million income tax benefit recorded in the third quarter of 2021 associated with the GT&S Transaction.

Schedule of Major Classes of Assets and Liabilities Reported As Held for Sale in Discontinued Operations

The carrying amounts of major classes of assets and liabilities relating to the disposal groups, which are reported as held for sale in Dominion Energy’s Consolidated Balance Sheets were as follows:

	At September 30, 2021		At December 31, 2020
	Q-Pipe Group		Q-Pipe Group
(millions)
Current assets⁽¹⁾	$	47	$	47
Equity method investments⁽²⁾		35		35
Property, plant and equipment, net		1,142		1,113
Other deferred charges and other assets, including goodwill and intangible assets⁽³⁾		223		224
Current liabilities		35		30
Long-term debt		426		426
Other deferred credits and liabilities		154		154

(1)	Includes cash and cash equivalents of $1 million and $7 million as of September 30, 2021 and December 31, 2020, respectively.

(2)	Comprised of an equity method investment in White River Hub.

(3)	Includes goodwill of $191 million at both September 30, 2021 and December 31, 2020.

Capital Expenditures and Significant Noncash Items Relating to the Disposal Groups

Capital expenditures and significant noncash items relating to the disposal groups included the following:

	Nine Months Ended September 30, 2021		Nine Months Ended September 30, 2020
	Q-Pipe Group		GT&S Transaction		Q-Pipe Group
(millions)
Capital expenditures	$	26	$	240	$	27
Significant noncash items:
Impairment of assets and other charges		—		463		—
Depreciation, depletion and amortization		—		173		25
Accrued capital expenditures		2		43		2