XML 153 R134.htm IDEA: XBRL DOCUMENT v3.22.0.1
Regulatory Assets and Liabilities (Schedule of Regulatory Assets) (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Regulatory Assets [Line Items]    
Regulatory assets-current $ 1,492 $ 699
Regulatory assets-noncurrent 8,643 9,133
Total regulatory assets 10,135 9,832
Dominion Energy South Carolina Inc    
Regulatory Assets [Line Items]    
Write off of regulatory asset 237  
Write off of regulatory asset after tax 178  
Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current 850 295
Regulatory assets-noncurrent 4,130 3,509
Total regulatory assets $ 4,980 3,804
SCANA    
Regulatory Assets [Line Items]    
Electric service customers over period 20 years  
Weighted Average    
Regulatory Assets [Line Items]    
Weighted average useful life 27 years  
Weighted Average | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Weighted average useful life 25 years  
Deferred cost of fuel used in electric generation    
Regulatory Assets [Line Items]    
Regulatory assets-current [1] $ 251  
Regulatory assets-noncurrent [1] 409  
Deferred cost of fuel used in electric generation | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [2] 131  
Regulatory assets-noncurrent [2] 409  
Deferred project costs and DSM programs for gas utilities    
Regulatory Assets [Line Items]    
Regulatory assets-current [3] 53 35
Unrecovered Gas Costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [4] 191 78
Deferred rider costs for Virginia electric utility    
Regulatory Assets [Line Items]    
Regulatory assets-current [5] 72 98
Regulatory assets-noncurrent [5] 489 311
Ashpond and landfill closure costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [6] 193  
Ashpond and landfill closure costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [7] 193  
Deferred Nuclear Refueling Outage Costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [8] 79 53
Deferred Nuclear Refueling Outage Costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [8] 79 53
NND Project Costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [9] 138 138
Regulatory assets-noncurrent [9] 2,226 2,364
PJM transmission rates    
Regulatory Assets [Line Items]    
Regulatory assets-current [10] 7 71
PJM transmission rates | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [11] 7 71
Deferred early plant retirement charges    
Regulatory Assets [Line Items]    
Regulatory assets-current [12] 226  
Regulatory assets-noncurrent [12] 226  
Deferred early plant retirement charges | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [13] 226  
Regulatory assets-noncurrent [13] 226  
Other    
Regulatory Assets [Line Items]    
Regulatory assets-current 170 193
Regulatory assets-noncurrent 609 544
Other | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current 37 33
Regulatory assets-noncurrent 179 164
Derivatives    
Regulatory Assets [Line Items]    
Regulatory assets-current [14] 112 33
Derivatives | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [14] 105 40
Unrecognized Pension and Other Postretirement Benefit Costs    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [15] 548 1,363
Deferred Project Costs For Gas Utilities    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [3] 675 632
Interest rate hedges    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [16] 899 1,042
Interest rate hedges | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [17] 604 733
AROs and related funding    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [18] $ 329 331
Amortization period for deferred costs 105 years  
Cost of reacquired debt    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [19] $ 10 245
Ash pond and landfill closure costs    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [6] $ 2,223 2,301
Regulatory assets expected collection period commencing year 2021  
Ash pond and landfill closure costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [6] $ 2,223 2,301
Regulatory assets expected collection period commencing year 2021  
Ash pond and landfill closure costs | Minimum    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 15 years  
Ash pond and landfill closure costs | Minimum | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 15 years  
Ash pond and landfill closure costs | Maximum    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 18 years  
Ash pond and landfill closure costs | Maximum | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 18 years  
Deferred Project Costs | Maximum    
Regulatory Assets [Line Items]    
Amortization period for deferred costs 18 months  
Deferred Project Costs | Maximum | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Amortization period for deferred costs 18 months  
Deferred rider costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [5] $ 72 98
Regulatory assets-noncurrent [5] $ 489 $ 311
[1] Reflects deferred fuel expenses for the Virginia, North Carolina and South Carolina jurisdictions of Dominion Energy’s electric generation operations.
[2] Reflects deferred fuel expenses for the Virginia and North Carolina jurisdictions of Virginia Power’s generation operations
[3] Primarily reflects amounts expected to be collected from or owed to gas customers in Dominion Energy’s service territories associated with current and prospective rider projects, including CEP, PIR and pipeline integrity management. See Note 13 for more information
[4] Reflects unrecovered gas costs at regulated gas operations, which are recovered through filings with the applicable regulatory authority
[5] Reflects deferrals under Virginia Power’s electric transmission FERC formula rate and the deferral of costs associated with certain current and prospective rider projects. See Note 13 for more information
[6] Primarily reflects legislation enacted in Virginia in 2019 which requires any CCR asset located at certain Virginia Power stations to be closed by removing the CCR to an approved landfill or through beneficial reuse. These deferred costs are expected to be collected over a period between 15 and 18 years commencing December 2021 through Rider CCR. Virginia Power is entitled to collect carrying costs on uncollected expenditures once expenditures have been made. See Note 13 for additional information.
[7]

Primarily reflects legislation enacted in Virginia in 2019 which requires any CCR asset located at certain Virginia Power stations to be closed by removing the CCR to an approved landfill or through beneficial reuse. These deferred costs are expected to be collected over a period between 15 and 18 years commencing December 2021 through Rider CCR. Virginia Power is entitled to collect carrying costs on uncollected expenditures once expenditures have been made. See Note 13 for additional information.

[8] Legislation enacted in Virginia in April 2014 requires Virginia Power to defer operation and maintenance costs incurred in connection with the refueling of any nuclear-powered generating plant. These deferred costs will be amortized over the refueling cycle, not to exceed 18 months
[9] Reflects expenditures by DESC associated with the NND Project, which pursuant to the SCANA Merger Approval Order, will be recovered from DESC electric service customers over a 20-year period ending in 2039. See Note 3 for more information
[10]

Reflects current portion of amounts to be recovered through retail rates in Virginia for payments Virginia Power expects to make to PJM through 2026 under the terms of a FERC settlement agreement in May 2018 resolving a PJM cost allocation matter.‌

[11] Reflects current portion of amounts to be recovered through retail rates in Virginia for payments Virginia Power expects to make to PJM through 2026 under the terms of a FERC settlement agreement in May 2018 resolving a PJM cost allocation matter.
[12] Reflects amounts from the early retirements of certain coal- and oil-fired generating units to be amortized through 2023 in accordance with the settlement of the 2021 Triennial Review. See Note 13 for additional information
[13] Reflects amounts from the early retirement of certain coal- and oil-fired generating units to be amortized through 2023 in accordance with the settlement of the 2021 Triennial Review. See Note 13 for more information
[14] For jurisdictions subject to cost-based rate regulation, changes in the fair value of derivative instruments result in the recognition of regulatory assets or regulatory liabilities as they are expected to be recovered from or refunded to customers
[15] Represents unrecognized pension and other postretirement employee benefit costs expected to be recovered or refunded through future rates generally over the expected remaining service period of plan participants by certain of Dominion Energy's rate-regulated subsidiaries
[16] Reflects interest rate hedges recoverable from or refundable to customers. Certain of these instruments are settled and any related payments are being amortized into interest expense over the life of the related debt, which has a weighted-average useful life of approximately 27 years as of December 31, 2021
[17] Reflects interest rate hedges recoverable from or refundable to customers. Certain of these instruments are settled and any related payments are being amortized into interest expense over the life of the related debt, which has a weighted-average useful life of approximately 25 years as of December 31, 2021
[18] Represents deferred depreciation and accretion expense related to legal obligations associated with the future retirement of generation, transmission and distribution properties. The AROs primarily relate to DESC’s electric generating facilities, including Summer, and are expected to be recovered over the related property lives and periods of decommissioning which may range up to approximately 105 years
[19] In 2021, DESC recorded a charge of $237 million ($178 million after-tax) in impairment of assets and other charges, reflected in the Corporate and Other segment, to write-off the balance of a regulatory asset that is no longer probable of recovery under the settlement agreement approved in DESC’s retail electric base rate case.  See Note 13 for more information.