Regulatory Matters (Tables)

3 Months Ended

Mar. 31, 2025

Public Utilities General Disclosures [Line Items]

Summary of Significant Virginia Power Electric Transmission Projects Applied

Description and Location of Project	Application Date	Approval Date	Type of Line	Miles of Lines	Cost Estimate (millions)(1)
Rebuild and construct new Fentress-Yadkin transmission lines     and related projects in the City of Chesapeake, Virginia	June 2024	February 2025	500 kV	14	$	205
Partial rebuild, reconductor and construct new Network Takeoff     transmission lines and related projects in the Counties of Fairfax     and Loudoun, Virginia	July 2024	March 2025	230 kV	6		170
Rebuild Aquia Harbour-Possum Point transmission lines and related     projects in the Counties of Stafford and Prince William and the City     of Fredericksburg, Virginia	August 2024	March 2025	500- 230 kV	32		210
Construct new Technology Boulevard transmission lines, substation     and related projects in Henrico County, Virginia	March 2025	Pending	230 kV	5		60
Construct new Hornbaker transmission lines, switching station and     related projects in Prince William County, Virginia	March 2025	Pending	230 kV	5		95
Construct new Golden-Mars transmission lines and related projects     in Loudoun County, Virginia	March 2025	Pending	500- 230 kV	11		525
Construct new Duval-Midlothian transmission lines, substation and     related projects in Chesterfield County, Virginia	April 2025	Pending	230 kV	7		125

(1)Represents the cost estimate included in the application except as updated in the approval if applicable. In addition, Virginia Power had various other transmission projects applied for and currently pending approval with aggregate cost estimates of approximately $65 million.

Virginia Electric and Power Company

Public Utilities General Disclosures [Line Items]

Significant Riders Associated With Virginia Power Projects

Rider Name	Application Date	Approval Date	Rate Year Beginning	Total Revenue Requirement (millions)(1)		Increase (Decrease) from Previous (millions)
Rider CCR(2)	April 2025	Pending	January 2026	$	166	$	63
Rider CE(3)	October 2024	April 2025	May 2025		182		49
Rider GEN(4)	June 2024	February 2025	April 2025		438	N/A
Rider GEN	June 2024	February 2025	April 2026		311		(127	)
Rider GT	March 2025	Pending	June 2025		283		138

(1)In addition, Virginia Power has a rider associated with another project with a total annual revenue requirement of $25 million as of March 31, 2025, and pending applications associated with other riders, including for the Chesterfield Energy Reliability Center described above, which if approved would result in a net annual revenue requirement increase of $53 million.

(2)In connection with this application, Virginia Power also requests to extend existing rates for Rider CCR by one month through December 2025.

(3)Associated with two solar generation projects, two small-scale solar projects and 19 purchased power agreements in addition to previously approved Rider CE projects.

(4)Rider GEN includes $348 million in total revenue requirement related to the consolidation of Riders BW, GV and four other riders associated with generation facilities, ceasing the separate collection of rates under these riders effective April 1, 2025 and the extension of existing rates for Rider BW through March 2025. In addition, Virginia Power also received approval to recover costs associated with the Virginia LNG Storage Facility through Rider GEN described in Note 13 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024.