XML 112 R99.htm IDEA: XBRL DOCUMENT v3.22.2
Regulatory Assets and Liabilities (Schedule of Regulatory Assets) (Detail) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Regulatory Assets [Line Items]    
Regulatory assets-current $ 1,863 $ 1,492 [1]
Regulatory assets-noncurrent 8,371 8,643 [1]
Total regulatory assets $ 10,234 10,135
Weighted Average    
Regulatory Assets [Line Items]    
Weighted average useful life 27 years  
SCANA    
Regulatory Assets [Line Items]    
Electric service customers over period 20 years  
Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current $ 1,129 850 [2]
Regulatory assets-noncurrent 3,916 4,130 [2]
Total regulatory assets $ 5,045 4,980
Virginia Electric and Power Company | Weighted Average    
Regulatory Assets [Line Items]    
Weighted average useful life 24 years  
Deferred cost of fuel used in electric generation    
Regulatory Assets [Line Items]    
Regulatory assets-current [3] $ 505 251
Regulatory assets-noncurrent [3] 835 409
Deferred cost of fuel used in electric generation | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [4] 294 131
Regulatory assets-noncurrent [4] 835 409
Deferred project costs and DSM programs for gas utilities    
Regulatory Assets [Line Items]    
Regulatory assets-current [5] 85 53
Unrecovered gas costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [6] 119 191
Deferred rider costs for Virginia electric utility    
Regulatory Assets [Line Items]    
Regulatory assets-current [7] 106 72
Regulatory assets-noncurrent [7] 351 489
Ash pond and landfill closure costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [8] 108 193
Regulatory assets-noncurrent [8] $ 2,262 2,223
Regulatory assets expected collection period commencing year 2021  
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 | Minimum    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 15 years  
Ash pond and landfill closure costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [9] $ 108 193
Regulatory assets-noncurrent [9] $ 2,259 2,223
Regulatory assets expected collection period commencing year 2021  
Ash pond and landfill closure costs | Virginia Electric and Power Company | Maximum    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 18 years  
Ash pond and landfill closure costs | Virginia Electric and Power Company | Minimum    
Regulatory Assets [Line Items]    
Regulatory assets amounts expected collection period 15 years  
Deferred nuclear refueling outage costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [10] $ 63 79
Deferred nuclear refueling outage costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [11] 63 79
NND Project Costs    
Regulatory Assets [Line Items]    
Regulatory assets-current [12] 138 138
Regulatory assets-noncurrent [12] 2,157 2,226
Deferred early plant retirement charges    
Regulatory Assets [Line Items]    
Regulatory assets-current [13] 226 226
Regulatory assets-noncurrent [13] 113 226
Deferred early plant retirement charges | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [14] 226 226
Regulatory assets-noncurrent [14] 113 226
Derivatives    
Regulatory Assets [Line Items]    
Regulatory assets-current [15] 278 112
Regulatory assets-noncurrent [15] 325 35
Derivatives | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [15] 272 105
Regulatory assets-noncurrent [15] 213 34
Other    
Regulatory Assets [Line Items]    
Regulatory assets-current 235 177
Regulatory assets-noncurrent 541 584
Other | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current 60 44
Regulatory assets-noncurrent 145 145
Unrecognized Pension and Other Postretirement Benefit Costs    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [16] 564 548
Deferred project costs for gas utilities    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [5] 667 675
Interest rate hedges    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [17] 170 899
Interest rate hedges | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [18]   604
AROs and related funding    
Regulatory Assets [Line Items]    
Regulatory assets-noncurrent [19] $ 386 329
Amortization period for deferred costs 105 years  
Deferred Project Costs | Maximum    
Regulatory Assets [Line Items]    
Amortization period for deferred costs 18 months  
Deferred Project Costs | Virginia Electric and Power Company | Maximum    
Regulatory Assets [Line Items]    
Amortization period for deferred costs 18 months  
Cost of Fuel Filing    
Regulatory Assets [Line Items]    
Increase/decrease in Regulatory Assets/Liabilities $ 66  
Deferred rider costs | Virginia Electric and Power Company    
Regulatory Assets [Line Items]    
Regulatory assets-current [20] 106 72
Regulatory assets-noncurrent [20] $ 351 $ 489
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2021 has been derived from the audited Consolidated Balance Sheet at that date.
[2] Virginia Power’s Consolidated Balance Sheet at December 31, 2021 has been derived from the audited Consolidated Balance Sheet at that date.
[3] Reflects deferred fuel expenses for the Virginia, North Carolina and South Carolina jurisdictions of Dominion Energy’s electric generation operations. Reflects a $66 million reduction recorded in the first quarter of 2022 from the application of a portion of the monetization of guarantee settlement previously reflected as regulatory liabilities associated with the approval of DESC’s cost of fuel proceedings. See Note 13 for additional information
[4] Reflects deferred fuel expenses for the Virginia and North Carolina jurisdictions of Virginia Power’s generation operations. See Note 13 for additional information.
[5] 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 additional information
[6] Reflects unrecovered gas costs at regulated gas operations, which are recovered through filings with the applicable regulatory authority.
[7] 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 additional information.
[8] 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.
[9] 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.
[10] 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.
[11] 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.
[12] 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 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2021 for additional information.
[13] 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 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2021 for additional information.
[14] 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 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2021 for additional information.
[15] Represents changes in the fair value of derivatives, excluding separately presented interest rate hedges, that following settlement are expected to be recovered from or refunded to customers.
[16] 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.
[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 27 years as of June 30, 2022. 
[18] 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 24 years as of June 30, 2022.
[19] 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.
[20] 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 additional information.