Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2024

Results of Operations Reported within Discontinued Operations

The following table represents selected information regarding the results of operations, which were reported within discontinued operations in Dominion Energy’s Consolidated Statements of Income:

	Three Months Ended  September 30, 2024			Nine Months Ended September 30, 2024
	PSNC Transaction(1)			East Ohio Transaction(1)			PSNC Transaction(1)		Questar Gas Transaction(1)		Other
(millions)
Operating revenue	$	81		$	229		$	488	$	894	$	—
Operating expense(2)		91			254			312		746		(8	)
Other income (expense)		5			(17	)		11		2		—
Interest and related charges		16			15			44		25		—
Income (loss) before income taxes		(21	)		(57	)		143		125		8
Income tax expense (benefit)		(9	)		9			44		46		—
Net income (loss) attributable to Dominion Energy(3)	$	(12	)	$	(66	)	$	99	$	79	$	8

(1)Represents amounts attributable to Dominion Energy prior to the closing of the East Ohio Transaction which closed on March 6, 2024, the PSNC Transaction which closed on September 30, 2024 and the Questar Gas Transaction which closed on May 31, 2024.

(2)East Ohio Transaction includes a charge of $45 million ($33 million after-tax) associated with an increase to certain pension retirement benefits attributable to a plan amendment and a contribution to the defined contribution employee savings plan. See Note 20 for further information on these transactions.

(3)Excludes $2 million and $(71) million of income tax expense (benefit) attributable to consolidated state adjustments for the three and nine months ended September 30, 2024, respectively.

	Three Months Ended September 30, 2023											Nine Months Ended September 30, 2023
	East Ohio Transaction		PSNC Transaction			Questar Gas Transaction			Other			East Ohio Transaction		PSNC Transaction			Questar Gas Transaction			Other
(millions)
Operating revenue	$	214	$	86		$	150		$	2		$	761	$	532		$	1,151		$	5
Operating expense(1)		128		80			127			7			497		386			939			29
Other income (expense)		7		3			3			—			22		8			6			—
Interest and related charges		19		13			17			—			51		38			50			1
Income (loss) before income taxes		74		(4	)		9			(5	)		235		116			168			(25	)
Income tax expense (benefit)(2)		39		383			525			(2	)		58		409			557			(7	)
Net income (loss) attributable to Dominion Energy(3)	$	35	$	(387	)	$	(516	)	$	(3	)	$	177	$	(293	)	$	(389	)	$	(18	)

(1)Other includes a charge of $15 million ($11 million after-tax) recorded in the second quarter of 2023 associated with the impairment of certain nonregulated solar assets.

(2)Includes amounts recorded in the third quarter of 2023 to reflect the recognition of deferred taxes on the outside basis of the applicable entities’ stock upon meeting the classification as held for sale.

(3)Excludes $6 million and $2 million of income tax expense attributable to consolidated state and interim period tax allocation adjustments for the three and nine months ended September 30, 2023, respectively.

Schedule Of Major Classes Of Assets And Liabilities Relating To The Disposal Groups Reported As Held For Sale

The carrying value of major classes of assets and liabilities relating to the disposal groups, which are reported as held for sale in Dominion Energy’s Consolidated Balance Sheets, were as follows:

	At December 31, 2023
	East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Current assets(1)	$	497	$	336	$	764	$	1
Property, plant and equipment, net		5,443		2,806		4,369		26
Other deferred charges and other assets,    including goodwill(2) and intangible assets		2,659		834		766		—
Current liabilities(3)		560		224		389		7
Long-term debt		2,286		948		1,205		—
Other deferred credits and liabilities(4)		1,437		711		1,116		2

(1)Includes cash and cash equivalents of $4 million and regulatory assets of $75 million within the East Ohio Transaction, cash and cash equivalents of $2 million and regulatory assets of $89 million within the PSNC Transaction and cash and cash equivalents of $26 million and regulatory assets of $297 million within the Questar Gas Transaction at December 31, 2023.

(2)Includes goodwill of $1.5 billion and regulatory assets of $781 million within the East Ohio Transaction, goodwill of $673 million and regulatory assets of $86 million within the PSNC Transaction and goodwill of $720 million and regulatory assets of $(39) million within the Questar Gas Transaction at December 31, 2023.

(3)Includes regulatory liabilities of $54 million within the East Ohio Transaction, $44 million within the PSNC Transaction and $55 million within the Questar Gas Transaction at December 31, 2023.

(4)Includes regulatory liabilities of $711 million within the East Ohio Transaction, $435 million within the PSNC Transaction and $502 million within the Questar Gas Transaction at December 31, 2023.

Capital Expenditures and Significant Noncash Items Relating to the Disposal Groups

Capital expenditures and significant noncash items relating to the disposal groups included the following:

	Nine Months Ended September 30, 2024								Nine Months Ended September 30, 2023
	East Ohio Transaction(1)		PSNC Transaction(1)		Questar Gas Transaction(1)		Other		East Ohio Transaction		PSNC Transaction		Questar Gas Transaction		Other
(millions)
Capital expenditures	$	65	$	287	$	160	$	—	$	355	$	153	$	290	$	—
Significant noncash items
Depreciation, depletion    and amortization		—		—		—		—		109		67		130		2
Accrued capital expenditures										53		22		33		—

(1)Represents amounts attributable to Dominion Energy prior to the closing of the East Ohio Transaction which closed on March 6, 2024, the PSNC Transaction which closed on September 30, 2024 and the Questar Gas Transaction which closed on May 31, 2024, respectively.