Equity

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Equity

4. EQUITY

For all periods presented, DESC’s authorized shares of common stock, no par value, were 50 million, of which 40.3 million were issued and outstanding, and DESC’s authorized shares of preferred stock, no par value, were 20 million, of which 1,000 shares were issued and outstanding. All outstanding shares of common and preferred stock are held by SCANA.

There have been no material changes to the dividend restrictions affecting DESC described in Note 5 to the Consolidated Financial Statements in DESC’s Annual Report on Form 10-K for the year ended December 31, 2024.

During the first quarter of 2025, DESC received equity contributions of $250 million from Dominion Energy. DESC primarily used these funds for working capital needs including reducing short-term debt.