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Rate and Other Regulatory Matters (Schedule of Regulatory Liabilities) (Detail) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Regulatory Liabilities    
Regulatory liability, current $ 301 $ 245
Regulatory liability, noncurrent 2,859 2,936
Total regulatory liabilities 3,160 3,181
Monetization Of Guaranty Settlement [Member]    
Regulatory Liabilities    
Regulatory liability, current [1] 67 67
Regulatory liability, noncurrent [1] 736 831
Income Taxes Refundable Through Future Rates [Member]    
Regulatory Liabilities    
Regulatory liability, current [2] 38 42
Regulatory liability, noncurrent [2] 886 903
Reserve For Refunds To Electric Utility Customers [Member]    
Regulatory Liabilities    
Regulatory liability, current [3] 108 113
Regulatory liability, noncurrent [3] 369 425
Other Regulatory Liability [Member]    
Regulatory Liabilities    
Regulatory liability, current 10 5
Regulatory liability, noncurrent 7 9
Asset Removal Cost [Member]    
Regulatory Liabilities    
Regulatory liability, noncurrent [4] 579 570
Derivative [Member]    
Regulatory Liabilities    
Regulatory liability, current [5] 78 18
Regulatory liability, noncurrent [5] 216 131
Deferred Gains On Interest Rate Derivatives [Member]    
Regulatory Liabilities    
Regulatory liability, noncurrent [6] $ 66 $ 67
[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, 2021 for additional information.
[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 7 to the Consolidated Financial Statements in DESC’s Annual Report on Form 10-K for the year ended December 31, 2021 for additional 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, 2021.
[4] Represents estimated net collections through depreciation rates of amounts to be expended for the removal of assets in the future.
[5] Represents changes in the fair value of derivatives, excluding separately presented deferred gains on interest rate derivatives, that following settlement are expected to be recovered from or refunded to customers.
[6] 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.