Significant Financing Transactions (Tables)

Nov. 18, 2019

At September 30, 2019, Dominion Energy’s commercial paper and letters of credit outstanding, as well as its capacity available under the credit facility, were as follows:


	Facility Limit		Outstanding Commercial Paper		Outstanding Letters of Credit		Facility Capacity Available
(millions)
Joint revolving credit facility (1)	$	6,000	$	2,394	$	81	$	3,525

(1)	This credit facility matures in March 2023 and can be used by the borrowers under the credit facility to support bank borrowings and the issuance of commercial paper, as well as to support up to a combined $ 2.0 billion of letters of credit.

Schedule of Equity Units

Selected information about Dominion Energy’s 2019 Equity Units is presented below:


Issuance Date		Units Issued		Total Net Proceeds (1)		Total Preferred Stock		Cumulative Dividend Rate			Stock Purchase Contract Annual Rate			Stock Purchase Contract Liability (2)		Stock Purchase Contract Settlement Date
(millions except interest rates)
	6/14/2019		16	$	1,582	$	1,610		1.75	%		5.5	%	$	250		6/1/2022

(1)	Issuance costs of $ 28 million were recorded as a reduction to preferred stock ($ 14 million) and common stock ($ 14 million) in the Consolidated Balance Sheets.

(2)	Payments of $ 17 million were made in September 2019. The stock purchase contract liability was $ 233 million at September 30, 2019.

Virginia Electric and Power Company

Debt Instrument [Line Items]

Schedule of Line of Credit Facilities

At September 30, 2019, Virginia Power’s share of commercial paper and letters of credit outstanding under its joint credit facility with Dominion Energy, Dominion Energy Gas, Questar Gas and DESC was as follows:


	Facility Limit (1)		Outstanding Commercial Paper		Outstanding Letters of Credit
(millions)
Joint revolving credit facility (1)	$	6,000	$	685	$	6

(1)

The full amount of the facility is available to Virginia Power, less any amounts outstanding to co-borrowers Dominion Energy, Dominion Energy Gas, Questar Gas and DESC. The sub-limit for Virginia Power is set within the facility limit but can be changed at the option of the borrowers under the credit facility multiple times per year. At September 30, 2019, the sub-limit for Virginia Power was $

1.5

billion. If Virginia Power has liquidity needs in excess of its sub-limit, the sub-limit may be changed or such needs may be satisfied through short-term intercompany borrowings from Dominion Energy. This credit facility matures in March 2023 and can be used to support bank borrowings and the issuance of commercial paper, as well as to support up to $

2.0

billion (or the sub-limit, whichever is less) of letters of credit.

Dominion Energy Gas Holdings, LLC

Debt Instrument [Line Items]

Schedule of Line of Credit Facilities

At September 30, 2019, Dominion Energy Gas’ share of commercial paper and letters of credit outstanding under its joint credit facility with Dominion Energy, Virginia Power, Questar Gas and DESC was as follows:


	Facility Limit (1)		Outstanding Commercial Paper		Outstanding Letters of Credit
(millions)
Joint revolving credit facility (1)	$	1,500	$	280	$	—

(1)

A maximum of $

1.5

billion of the facility is available to Dominion Energy Gas, assuming adequate capacity is available after giving effect to uses by co-borrowers Dominion Energy, Virginia Power, Questar Gas and DESC. The sub-limit for Dominion Energy Gas is set within the facility limit but can be changed at the option of the borrowers under the credit facility multiple times per year. At September 30, 2019, the sub-limit for Dominion Energy Gas was $

750

million. If Dominion Energy Gas has liquidity needs in excess of its sub-limit, the sub-limit may be changed or such needs may be satisfied through short-term intercompany borrowings from Dominion Energy. This credit facility matures in March 2023 and can be used to support bank borrowings and the issuance of commercial paper, as well as to support up to $

1.5

billion (or the sub-limit, whichever is less) of letters of credit.