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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 283 $ 172
Customer receivables (less allowance for doubtful accounts of $40 and $42) 2,219 2,295
Other receivables (less allowance for doubtful accounts of $4 and $3) 349 212
Inventories:    
Materials and supplies 1,167 1,105
Fossil fuel 320 349
Gas stored 144 96
Margin deposit assets 678 19
Prepayments 328 309
Regulatory assets 1,492 699
Other 264 148
Current assets held for sale [1] 25 1,482
Total current assets 7,269 6,886
Investments    
Nuclear decommissioning trust funds 7,950 6,900
Investment in equity method affiliates [2] 2,932 2,934
Other 394 404
Total investments 11,276 10,238
Property, Plant and Equipment    
Property, plant and equipment 86,503 82,959
Accumulated depreciation, depletion and amortization (26,729) (25,111)
Total property, plant and equipment, net 59,774 57,848
Deferred Charges and Other Assets    
Goodwill [3] 7,405 7,381
Pension and other postretirement benefit assets 2,310 1,704
Intangible assets, net 784 765
Regulatory assets 8,643 9,133
Other 2,129 1,950
Total deferred charges and other assets 21,271 20,933
Total assets 99,590 95,905
Current Liabilities    
Securities due within one year 841 1,937
Supplemental 364-Day credit facility borrowings   225
Short-term debt 2,314 895
Accounts payable 1,197 944
Accrued interest, payroll and taxes 1,169 1,133
Regulatory liabilities 986 809
Liability to Atlantic Coast Pipeline 113 1,052
Q-Pipe Transaction deposit   1,290
Other [1] 2,053 1,933
Current liabilities held for sale   625
Total current liabilities 8,673 10,843
Long-Term Debt    
Long-term debt 35,190 30,915
Junior subordinated notes 1,386 2,161
Other 850 881
Total long-term debt 37,426 33,957
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,658 5,953
Regulatory liabilities 10,713 10,187
Asset retirement obligations 5,275 5,404
Pension and other postretirement benefit liability 442 1,706
Other [1] 1,485 1,394
Total deferred credits and other liabilities 24,573 24,644
Total liabilities 70,672 69,444
Commitments and Contingencies (see Note 23)
Preferred stock (See Note 19) 1,610  
Shareholders' Equity    
Preferred stock (See Note 19) 1,783 2,387
Common stock - no par [4] 21,610 21,258
Retained earnings 5,373 4,189
Accumulated other comprehensive loss (1,458) (1,717)
Shareholders' equity 27,308 26,117
Noncontrolling interests   344
Total shareholders' equity 27,308 26,461
Total liabilities, mezzanine equity and shareholders' equity 99,590 95,905
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 26 35
Customer receivables (less allowance for doubtful accounts of $40 and $42) 1,172 1,315
Other receivables (less allowance for doubtful accounts of $4 and $3) 112 91
Affiliated receivables 37 5
Inventories:    
Materials and supplies 610 581
Fossil fuel 261 281
Margin deposit assets 167 1
Prepayments 37 32
Regulatory assets 850 295
Other [5] 78 26
Total current assets 3,350 2,662
Investments    
Nuclear decommissioning trust funds 3,734 3,197
Other 3 3
Total investments 3,737 3,200
Property, Plant and Equipment    
Property, plant and equipment 49,890 46,736
Accumulated depreciation, depletion and amortization (15,234) (14,167)
Total property, plant and equipment, net 34,656 32,569
Deferred Charges and Other Assets    
Pension and other postretirement benefit assets [5] 431 354
Intangible assets, net 395 334
Regulatory assets 4,130 3,509
Other [5] 1,233 1,026
Total deferred charges and other assets 6,189 5,223
Total assets 47,932 43,654
Current Liabilities    
Securities due within one year 313 8
Short-term debt 745 45
Accounts payable 402 332
Payables to affiliates 121 266
Affiliated current borrowings 699 380
Accrued interest, payroll and taxes 274 253
Asset retirement obligations 191 166
Regulatory liabilities 647 425
Derivative liabilities [5] 134 390
Other 567 562
Total current liabilities 4,093 2,827
Long-Term Debt    
Long-term debt 13,453 13,207
Other 503 480
Total long-term debt 13,956 13,687
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,183 2,779
Regulatory liabilities 5,740 5,338
Asset retirement obligations 3,732 3,654
Other [5] 1,248 812
Total deferred credits and other liabilities 13,903 12,583
Total liabilities 31,952 29,097
Commitments and Contingencies (see Note 23)
Shareholders' Equity    
Common stock - no par [6] 5,738 5,738
Other paid-in capital 1,113 1,113
Retained earnings 9,170 7,758
Accumulated other comprehensive loss (41) (52)
Shareholders' equity 15,980 14,557
Total liabilities, mezzanine equity and shareholders' equity $ 47,932 $ 43,654
[1] See Note 9 for amounts attributable to related parties.
[2] Excludes liability to Atlantic Coast Pipeline.
[3] Goodwill amounts do not contain any accumulated impairment losses.
[4] 1.8 billion shares authorized; 810 million shares and 806 million shares outstanding at December 31, 2021 and 2020, respectively.
[5] See Note 25 for amounts attributable to affiliates.
[6] 500,000 shares authorized; 274,723 shares outstanding at December 31, 2021 and 2020.