Affiliated and Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Affiliated and Related Party Transactions

16. AFFILIATED AND RELATED PARTY TRANSACTIONS

DES, on behalf of itself and its parent company, provides the following services to DESC, which are rendered at direct or allocated cost: information systems, telecommunications, customer support, marketing and sales, human resources, corporate compliance, purchasing, financial, risk management, public affairs, legal, investor relations, gas supply and capacity management, strategic planning, general administrative and retirement benefits. Costs for these services include amounts capitalized. Amounts expensed are primarily recorded in other operations and maintenance - affiliated suppliers and other income, net in the Consolidated Statements of Comprehensive Income.

DESC transacts with affiliates for certain quantities of electricity in the ordinary course of business. DESC also enters into certain commodity derivative contracts with affiliates. DESC uses these contracts, which are principally comprised of forward commodity purchases, to manage commodity price risks associated with purchases of electricity. See Note 8 for more information.

Year Ended December 31,	2023		2022		2021
(millions)
Direct and allocated costs from DES and DESS(1)	$	222	$	212	$	226
Operating Revenues – Electric from sales to affiliate		4		4		4
Operating Revenues – Gas from sales to affiliate		1		1		1
Operating Expenses – Other taxes from affiliate		8		8		7
Purchases of electricity from solar affiliates		13		14		14

(1)Includes capitalized expenditures of $59 million, $48 million and $37 million for the years ended December 31, 2023, 2022 and 2021, respectively.

At December 31,	2023		2022
(millions)
Payable to DES		18		22
Payable to SCANA Corporation		7		7
Payable to Public Service Company of North Carolina, Incorporated		13		12
Derivative assets with affiliates(1)		33		51

(1)Includes amounts recorded in other current assets of $2 million and $8 million as of December 31, 2023 and 2022, respectively, and amounts recorded in other deferred debits and other assets of $31 million and $43 million as of December 31, 2023 and 2022, respectively.

Certain disclosures regarding tax related affiliate balances are included in Note 2. Borrowings from an affiliate are described in Note 6. Certain disclosures regarding DESC’s participation in SCANA’s noncontributory defined benefit pension plan and unfunded postretirement health care and life insurance programs are included in Note 11.