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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents [1] $ 310 $ 184
Customer receivables (less allowance for doubtful accounts) [1] 2,169 2,251
Other receivables (less allowance for doubtful accounts) 358 258
Inventories:    
Materials and supplies 1,360 1,251
Fossil fuel 382 417
Gas stored 22 30
Derivative assets 436 699
Margin deposit assets 104 38
Prepayments [1] 315 246
Regulatory assets [1] 992 1,309
Other [1] 165 175
Assets held for sale 0 18,577
Total current assets 6,613 25,435
Investments    
Nuclear decommissioning trust funds 8,051 6,946
Investment in equity method affiliates 138 [2] 268 [3]
Other 361 324
Total investments 8,550 7,538
Property, Plant and Equipment    
Property, plant and equipment [1] 94,844 83,417
Accumulated depreciation and amortization (25,982) (24,637)
Total property, plant and equipment, net 68,862 58,780
Deferred Charges and Other Assets    
Goodwill [4] 4,143 4,143
Pension and other postretirement benefit assets 2,240 1,779
Intangible assets, net 1,136 945
Derivative assets 963 597
Regulatory assets [1] 8,288 8,356
Other [1] 1,620 1,507
Total deferred charges and other assets 18,390 17,327
Total assets 102,415 109,080
Current Liabilities    
Securities due within one year [5] 1,725 6,589
Supplemental credit facility borrowings 0 450
Short-term debt 2,500 3,956
Accounts payable 1,149 921
Accrued interest, payroll and taxes [5] 1,045 1,075
Derivative liabilities 207 346
Regulatory liabilities 579 522
Other [6] 2,084 1,732
Liabilities held for sale 0 8,885
Total current liabilities 9,289 24,476
Long-Term Debt    
Long-term debt 33,034 32,368
Securitization bonds [5] 1,054  
Junior subordinated notes 3,223 688
Supplemental credit facility borrowings 0 0
Other 214 192
Total long-term debt 37,525 33,248
Deferred Credits and Other Liabilities    
Deferred income taxes 6,412 6,621
Deferred investment tax credits 1,070 1,098
Regulatory liabilities 9,196 8,674
Asset retirement obligations [5] 7,074 5,641
Derivative liabilities 305 321
Other 1,352 1,434
Total deferred credits and other liabilities 25,409 23,789
Total liabilities 72,223 81,513
Commitments and Contingencies (see Note 23)
Equity    
Preferred stock (See Note 19) 991 1,783
Common stock - no par [7] 24,383 23,728
Retained earnings 2,035 2,229
Accumulated other comprehensive (loss) income (156) (173)
Shareholders' equity 27,253 27,567
Noncontrolling interests 2,939 0
Total equity 30,192 27,567
Total liabilities and equity 102,415 109,080
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents [8] 160 90
Customer receivables (less allowance for doubtful accounts) [8] 1,612 1,728
Other receivables (less allowance for doubtful accounts) 168 121
Affiliated receivables 27 50
Inventories:    
Materials and supplies 849 761
Fossil fuel 299 324
Derivative assets [9] 248 234
Margin deposit assets 1 35
Prepayments [8] 64 46
Regulatory assets [8] 697 868
Other [8] 129 60
Total current assets 4,254 4,317
Investments    
Nuclear decommissioning trust funds 4,286 3,716
Other 4 4
Total investments 4,290 3,720
Property, Plant and Equipment    
Property, plant and equipment [8] 70,550 60,963
Accumulated depreciation and amortization (18,033) (17,096)
Total property, plant and equipment, net 52,517 43,867
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [9] 663 584
Intangible assets, net 818 653
Regulatory assets [8] 4,537 4,317
Other [8],[9] 1,308 1,160
Total deferred charges and other assets 7,326 6,714
Total assets 68,387 58,618
Current Liabilities    
Securities due within one year [10] 548 381
Short-term debt 950 455
Accounts payable 660 597
Payables to affiliates 133 111
Accrued dividend [11] 407 0
Affiliated current borrowings 500 500
Accrued interest, payroll and taxes [10] 366 293
Asset retirement obligations 321 377
Derivative liabilities [11] 139 244
Regulatory liabilities 385 321
Other 1,228 908
Total current liabilities 5,637 4,187
Long-Term Debt    
Long-term debt 18,874 17,043
Securitization bonds [10] 1,054 0
Other 110 72
Total long-term debt 20,038 17,115
Deferred Credits and Other Liabilities    
Deferred income taxes 4,045 3,624
Deferred investment tax credits 640 656
Regulatory liabilities 6,574 5,978
Asset retirement obligations [10] 5,076 4,276
Other [11] 1,224 1,125
Total deferred credits and other liabilities 17,559 15,659
Total liabilities 43,234 36,961
Commitments and Contingencies (see Note 23)
Equity    
Common stock - no par [12] 8,987 8,987
Other paid-in capital 1,006 1,113
Retained earnings 12,194 11,541
Accumulated other comprehensive (loss) income 27 16
Shareholders' equity 22,214 21,657
Noncontrolling interests 2,939 0
Total equity 25,153 21,657
Total liabilities and equity $ 68,387 $ 58,618
[1] See Note 16 for amounts attributable to VIEs.
[2] Excludes liability to Atlantic Coast Pipeline.
[3] Excludes liability to Atlantic Coast Pipeline.
[4] Goodwill amounts do not contain any accumulated impairment losses.
[5] See Note 16 for amounts attributable to VIEs.
[6] See Note 9 for amounts attributable to related parties.
[7] 1.8 billion shares authorized; 852 million shares and 838 million shares outstanding at December 31, 2024 and 2023, respectively.
[8] See Note 16 for amounts attributable to VIEs.
[9] See Note 25 for amounts attributable to affiliates.
[10] See Note 16 for amounts attributable to VIEs.
[11] See Note 25 for amounts attributable to affiliates.
[12] 500,000 shares authorized; 324,245 shares outstanding at both December 31, 2024 and 2023.