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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 382 $ 268 [1]
Customer receivables (less allowance for doubtful accounts) 1,908 1,749 [1]
Other receivables (less allowance for doubtful accounts) [2] 188 331 [1]
Inventories 1,724 1,418 [1]
Regulatory assets 745 496 [1]
Other 780 899 [1]
Total current assets 5,727 5,161 [1]
Investments    
Nuclear decommissioning trust funds 5,767 4,938 [1]
Investment in equity method affiliates 1,467 1,278 [1]
Other 362 344 [1]
Total investments 7,596 6,560 [1]
Property, Plant and Equipment    
Property, plant and equipment 94,873 76,578 [1]
Accumulated depreciation, depletion and amortization (27,732) (22,018) [1]
Total property, plant and equipment, net 67,141 54,560 [1]
Deferred Charges and Other Assets    
Goodwill 8,985 6,410 [1]
Intangible assets, net 878 670 [1]
Regulatory assets 7,563 2,676 [1]
Operating lease assets 468  
Pension and other postretirement benefit assets 1,561 1,279 [1]
Other 903 598 [1]
Total deferred charges and other assets 20,358 11,633 [1]
Total assets 100,822 77,914 [1]
Current Liabilities    
Securities due within one year 2,364 3,624 [1]
Credit facility borrowings [1]   73
Short-term debt 2,547 334 [1]
Accounts payable 787 914 [1]
Accrued interest, payroll and taxes 1,123 836 [1]
Regulatory liabilities 523 356 [1]
Other [2] 2,159 1,510 [1]
Total current liabilities 9,503 7,647 [1]
Long-Term Debt    
Long-term debt 31,853 26,328 [1]
Junior subordinated notes 4,795 3,430 [1]
Remarketable subordinated notes [1]   1,386
Total long-term debt 36,648 31,144 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,185 5,116 [1]
Regulatory liabilities 10,808 6,840 [1]
Asset retirement obligations 4,984 2,250 [1]
Operating lease liabilities 404  
Pension and other postretirement benefit liability 2,612 2,328 [1]
Other 1,297 541 [1]
Total deferred credits and other liabilities 26,290 17,075 [1]
Total liabilities 72,441 55,866 [1]
Commitments and Contingencies (see Note 18) [1]
Equity    
Preferred stock [3] 1,596  
Common stock - no par [4] 20,660 12,588 [1]
Retained earnings 7,124 9,219 [1]
Accumulated other comprehensive income (loss) (1,683) (1,700) [1]
Total shareholders' equity 27,697 20,107 [1]
Noncontrolling interests 684 1,941 [1]
Total equity 28,381 22,048 [1]
Total liabilities and equity 100,822 77,914 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 17 29 [5]
Customer receivables (less allowance for doubtful accounts) 958 999 [5]
Other receivables (less allowance for doubtful accounts) 47 76 [5]
Affiliated receivables 196 101 [5]
Inventories 847 837 [5]
Regulatory assets [6] 343 424
Other [7] 410 529 [5]
Total current assets 2,475 2,571 [5]
Investments    
Nuclear decommissioning trust funds 2,682 2,369 [5]
Other 3 3 [5]
Total investments 2,685 2,372 [5]
Property, Plant and Equipment    
Property, plant and equipment 45,749 44,524 [5]
Accumulated depreciation, depletion and amortization (13,877) (14,003) [5]
Total property, plant and equipment, net 31,872 30,521 [5]
Deferred Charges and Other Assets    
Regulatory assets 1,872 737 [5]
Operating lease assets 191  
Other [7] 903 679 [5]
Total deferred charges and other assets 2,966 1,416 [5]
Total assets 39,998 36,880 [5]
Current Liabilities    
Securities due within one year 2 350 [5]
Short-term debt 1,300 314 [5]
Accounts payable 253 339 [5]
Payables to affiliates 182 209 [5]
Affiliated current borrowings 71 224 [5]
Regulatory liabilities 188 299 [5]
Other [7] 1,262 1,080 [5]
Total current liabilities 3,258 2,815 [5]
Long-Term Debt    
Long-Term Debt 11,291 11,321 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,006 3,017 [5]
Regulatory liabilities 4,812 4,647 [5]
Asset retirement obligations 3,389 1,200 [5]
Operating lease liabilities 158  
Other [7] 1,120 833 [5]
Total deferred credits and other liabilities 12,485 9,697 [5]
Total liabilities 27,034 23,833 [5]
Commitments and Contingencies (see Note 18) [5]
Equity    
Common stock - no par [8] 5,738 5,738 [5]
Other paid-in capital 1,113 1,113 [5]
Retained earnings 6,139 6,208 [5]
Accumulated other comprehensive income (loss) (26) (12) [5]
Total shareholders' equity 12,964 13,047 [5]
Total equity 12,964 13,047
Total liabilities and equity 39,998 36,880 [5]
Dominion Energy Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 13 10 [9]
Customer receivables (less allowance for doubtful accounts) [10] 240 309 [9]
Other receivables (less allowance for doubtful accounts) [10] 15 17 [9]
Affiliated receivables 29 10 [9]
Inventories 89 65 [9]
Gas imbalances [10] 55 162 [9]
Regulatory assets [11] 46 29
Other [10] 138 174 [9]
Total current assets 579 747 [9]
Investments    
Total investments 89 93 [9]
Property, Plant and Equipment    
Property, plant and equipment 11,573 11,238 [9]
Accumulated depreciation, depletion and amortization (3,057) (2,971) [9]
Total property, plant and equipment, net 8,516 8,267 [9]
Deferred Charges and Other Assets    
Regulatory assets [12] 652 727
Operating lease assets 59  
Pension and other postretirement benefit assets [10] 1,973 1,775 [9]
Other [10] 1,375 1,469 [9]
Total deferred charges and other assets 3,407 3,244 [9]
Total assets 12,591 12,351 [9]
Current Liabilities    
Securities due within one year 451 449 [9]
Short-term debt 250 10 [9]
Accounts payable 87 196 [9]
Payables to affiliates 43 65 [9]
Affiliated current borrowings 150 218 [9]
Regulatory liabilities [13] 26 21
Other [10] 420 463 [9]
Total current liabilities 1,401 1,401 [9]
Long-Term Debt    
Long-Term Debt 3,614 3,609 [9]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 1,490 1,465 [9]
Regulatory liabilities 1,299 1,285 [9]
Operating lease liabilities 47  
Other 197 194 [9]
Total deferred credits and other liabilities 3,033 2,944 [9]
Total liabilities 8,048 7,954 [9]
Commitments and Contingencies (see Note 18) [9]
Equity    
Membership interests 4,729 4,566 [9]
Accumulated other comprehensive income (loss) (186) (169) [9]
Total equity 4,543 4,397 [9]
Total equity 4,543 4,397
Total liabilities and equity $ 12,591 $ 12,351 [9]
[1] Dominion Energy’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[2] See Note 10 for amounts attributable to related parties.
[3] 20 million shares authorized; 2 million shares outstanding at June 30, 2019.
[4] 1.8 billion shares authorized and 803 million shares outstanding at June 30, 2019 and 1 billion shares authorized and 681 million shares outstanding at December 31, 2018.
[5] Virginia Power’s Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[6] Current regulatory assets are presented in other current assets in Virginia Power’s Consolidated Balance Sheets.
[7] See Note 20 for amounts attributable to affiliates.
[8] 500,000 shares authorized; 274,723 shares outstanding at June 30, 2019 and December 31, 2018.
[9] Dominion Energy Gas’ Consolidated Balance Sheet at December 31, 2018 has been derived from the audited Consolidated Balance Sheet at that date.
[10] See Note 20 for amounts attributable to related parties.
[11] Current regulatory assets are presented in other current assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[12] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Energy Gas’ Consolidated Balance Sheets.
[13] Current regulatory liabilities are presented in other current liabilities in Dominion Energy Gas’ Consolidated Balance Sheets.