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Regulatory Assets and Liabilities (Schedule of Regulatory Assets) (Detail) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Feb. 29, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Regulatory Assets [Line Items]        
Regulatory assets-current [1]   $ 992 $ 1,309  
Regulatory assets-noncurrent [1]   8,288 8,356  
Total regulatory assets   9,280 9,665  
Impairment of assets and other charges   600 307 $ 1,401
Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [2]   697 868  
Regulatory assets-noncurrent [2]   4,537 4,317  
Total regulatory assets   5,234 5,185  
Estimated under-recovered balances $ 1,300 $ 1,300    
Weighted average        
Regulatory Assets [Line Items]        
Weighted average useful life   25 years    
Weighted average | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Weighted average useful life   24 years    
SCANA        
Regulatory Assets [Line Items]        
Electric service customers over period   20 years    
Deferred cost of fuel used in electric generation        
Regulatory Assets [Line Items]        
Regulatory assets-current [3]   $ 38 245  
Regulatory assets-noncurrent [3]   0 1,221  
Deferred cost of fuel used in electric generation | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [3]   3 95  
Regulatory assets-noncurrent [3]   0 1,221  
Securitized cost of fuel used in electric generation        
Regulatory Assets [Line Items]        
Regulatory assets-current [4]   124 0  
Regulatory assets-noncurrent [4]   1,040 0  
Securitized cost of fuel used in electric generation | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [4]   124 0  
Regulatory assets-noncurrent [4]   1,040 0  
Unrecognized Pension and Other Postretirement Benefit Costs        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [5]   486 1,036  
Unrecognized Pension and Other Postretirement Benefit Costs | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [5]   0 0  
Unrecognized Pension and Other Postretirement Benefit Costs | East Ohio, PSNC and Questar Gas        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent     215  
Deferred rider costs for Virginia electric utility        
Regulatory Assets [Line Items]        
Regulatory assets-current [6]   293 270  
Regulatory assets-noncurrent [6]   651 496  
Deferred rider costs for Virginia electric utility | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [6]   293 270  
Regulatory assets-noncurrent [6]   651 496  
Impairment of assets and other charges after tax     27  
Impairment of assets and other charges     36  
Interest rate hedges        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [7]   167 168  
Interest rate hedges | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [7]   0 0  
AROs and related funding        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [8]   $ 387 379  
Amortization period for deferred costs   105 years    
Ash pond and landfill closure costs        
Regulatory Assets [Line Items]        
Regulatory assets-current [9]   $ 108 200  
Regulatory assets expected collection period commencing year   2021    
Ash pond and landfill closure costs | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [9]   $ 108 200  
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 | Maximum        
Regulatory Assets [Line Items]        
Regulatory assets amounts expected collection period   18 years    
Deferred nuclear refueling outage costs        
Regulatory Assets [Line Items]        
Regulatory assets-current [10]   $ 97 63  
Deferred nuclear refueling outage costs | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [10]   80 63  
NND Project Costs        
Regulatory Assets [Line Items]        
Regulatory assets-current [11]   138 138  
Regulatory assets-noncurrent [11]   1,811 1,949  
CCR remediation, ash pond and landfill closure costs        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [9]   2,898 2,410  
CCR remediation, ash pond and landfill closure costs | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-noncurrent [9]   2,560 2,407  
Derivatives        
Regulatory Assets [Line Items]        
Regulatory assets-current [12]   8 162  
Regulatory assets-noncurrent [12]   182 107  
Derivatives | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current [12]   6 160  
Regulatory assets-noncurrent [12]   148 66  
Other        
Regulatory Assets [Line Items]        
Regulatory assets-current   186 231  
Regulatory assets-noncurrent   666 590  
Other | Virginia Electric and Power Company        
Regulatory Assets [Line Items]        
Regulatory assets-current   83 80  
Regulatory assets-noncurrent   $ 138 $ 127  
Deferred Project Costs | Maximum        
Regulatory Assets [Line Items]        
Amortization period for deferred costs   18 months    
[1] See Note 16 for amounts attributable to VIEs.
[2] See Note 16 for amounts attributable to VIEs.
[3] Reflects deferred fuel expenses for the Virginia and North Carolina jurisdictions of Virginia Power’s electric generation operations. Additionally, Dominion Energy includes deferred fuel expenses for the South Carolina jurisdiction of its electric generation operations. In February 2024, Virginia Power completed a securitization of $1.3 billion of under-recovered fuel costs for its Virginia service territory.
[4] Reflects under-recovered fuel costs for Virginia Power’s Virginia service territory securitized through the issuance of bonds by VPFS in February 2024. See Notes 13, 16 and 18 for additional information.
[5] 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. Includes regulatory assets of $215 million and regulatory liabilities of $12 million in aggregate at December 31, 2023 related to retained pension and other postretirement benefit plan assets and obligations for the East Ohio, Questar Gas and PSNC Transactions which were reclassified to into other income (expense) in the Consolidated Statement of Income upon closing of each transaction.
[6] Reflects deferrals under Virginia Power’s electric transmission FERC formula rate and the deferral of costs associated with certain current and prospective rider projects. In 2023, Virginia Power recorded a charge of $36 million ($27 million after-tax), included in impairment of assets and other charges in its Consolidated Statements of Income (reflected in the Corporate and Other segment), for the write-off of certain previously deferred amounts related to Riders R, S and W in connection with the cessation of such riders effective July 2023. See Note 13 for additional information.
[7] 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 25 years and 24 years for Dominion Energy and Virginia Power, respectively, as of December 31, 2024.
[8] Represents uncollected costs, including 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.
[9] Primarily reflects legislation in Virginia 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. In addition, the balance at December 31, 2024 reflects amounts related to the EPA’s May 2024 final rule concerning CCR as discussed in Note 14.
[10] Primarily reflects deferred operation and maintenance costs at Virginia Power incurred in connection with the refueling of any nuclear-powered generating plant as required by Virginia legislation. Virginia Power deferred costs will be amortized over the refueling cycle, not to exceed 18 months.
[11] 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.
[12] 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.