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Rate and Other Regulatory Matters (Schedule of Regulatory Liabilities) (Detail) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Regulatory Liabilities    
Regulatory liability, current $ 270 $ 283
Regulatory liability, noncurrent 2,892 3,005
Total regulatory liabilities 3,162 3,288
Monetization Of Guaranty Settlement [Member]    
Regulatory Liabilities    
Regulatory liability, current [1] 67 67
Regulatory liability, noncurrent [1] 848 903
Income Taxes Refundable Through Future Rates [Member]    
Regulatory Liabilities    
Regulatory liability, current [2] 43 21
Regulatory liability, noncurrent [2] 910 919
Reserve For Refunds To Electric Utility Customers [Member]    
Regulatory Liabilities    
Regulatory liability, current [3] 121 128
Regulatory liability, noncurrent [3] 451 540
Other Regulatory Liability [Member]    
Regulatory Liabilities    
Regulatory liability, current 17 9
Regulatory liability, noncurrent 14 10
Asset Removal Cost [Member]    
Regulatory Liabilities    
Regulatory liability, noncurrent [4] 577 564
Cost of Fuel and Purchased Gas Under-Collections [Member]    
Regulatory Liabilities    
Regulatory liability, current [5] 0 58
Derivative [Member]    
Regulatory Liabilities    
Regulatory liability, current [6] 22 0
Regulatory liability, noncurrent [6] 25 0
Deferred Gains On Interest Rate Derivatives [Member]    
Regulatory Liabilities    
Regulatory liability, noncurrent [7] $ 67 $ 69
[1] Represents proceeds related to the monetization of the Toshiba Settlement. In accordance with the SCANA Merger Approval Order, this balance, net of amounts that may be required to satisfy liens, will be refunded to electric customers over a 20-year period ending in 2039. See Note 12 to the Consolidated Financial Statements in DESC’s Annual Report on Form 10-K for the year ended December 31, 2020.
[2] Includes (i) excess deferred income taxes arising from the remeasurement of deferred income taxes in connection with the enactment of the 2017 Tax Reform Act (certain of which are protected under normalization rules and will be amortized over the remaining lives of related property, and certain of which will be amortized to the benefit of customers over prescribed periods as instructed by regulators) and (ii) deferred income taxes arising from investment tax credits, offset by (iii) deferred income taxes that arise from utility operations that have not been included in customer rates (a portion of which relate to depreciation and are expected to be recovered over the remaining lives of the related property which may range up to 85 years). See Note 6 for more information.
[3] Reflects amounts previously collected from retail electric customers of DESC for the NND Project to be credited to customers over an estimated 11-year period effective February 2019 in connection with the SCANA Merger Approval Order. See Note 12 to the Consolidated Financial Statements in DESC’s Annual Report on Form 10-K for the year ended December 31, 2020.
[4] Represents estimated net collections through depreciation rates of amounts to be expended for the removal of assets in the future.
[5] Represents amounts under- or over-collected from customers pursuant to the cost of fuel and purchased gas components approved by the South Carolina Commission.
[6] 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.
[7] Represents (i) the changes in fair value and payments made or received upon settlement of certain interest rate derivatives designated as cash flow hedges and (ii) the changes in fair value and payments made or received upon settlement of certain other interest rate derivatives not so designated. The amounts recorded with respect to (i) are expected to be amortized to interest expense over the lives of the underlying debt through 2043.The amounts recorded with respect to (ii) are expected to be similarly amortized to interest expense through 2065.