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Property Plant and Equipment | 9 Months Ended
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Sep. 30, 2019
Property Plant And Equipment [Abstract] |
Property Plant and Equipment | Note 11. Property, Plant and Equipment Dominion Energy and Virginia Power Acquisitions of Solar Projects The following table presents acquisitions by Virginia Power of solar projects. Virginia Power expects to claim federal investment tax credits on the projects.
Date Agreement Entered |  | Date Agreement Closed |  | Project Location |  | Project Name |  | Project Cost (millions)(1) |  |  | Date of Commercial Operations |  | MW Capacity |
September 2017 |  | June 2019 |  | North Carolina |  | Gutenberg |  | $ | 142 |  |  | September 2019 |  |  | 80 |
June 2018 |  | February 2019 |  | Virginia |  | Gloucester |  |  | 37 |  |  | April 2019 |  |  | 20 |
August 2018 |  | March 2019 |  | Virginia |  | Grasshopper |  |  | 130 |  |  | Expected 2020 |  |  | 80 |
August 2018 |  | May 2019 |  | North Carolina |  | Chestnut |  |  | 130 |  |  | Expected 2019 |  |  | 75 |
June 2019 |  | June 2019 |  | Virginia |  | Ft. Powhatan |  |  | 270 |  |  | Expected 2021 |  |  | 150 |
June 2019 |  | August 2019 |  | Virginia |  | Belcher |  |  | 160 |  |  | Expected 2020 |  |  | 88 |
August 2019 |  | Pending |  | Virginia |  | Bedford |  |  | 110 |  |  | Expected 2021 |  |  | 70 |
October 2019 |  | October 2019 |  | Virginia |  | Maplewood |  |  | 190 |  |  | Expected 2022 |  |  | 120 |
(1) | Includes acquisition cost.
Dominion Energy Acquisitions of Solar Projects The following table presents acquisitions by Dominion Energy of solar projects. Dominion Energy expects to claim federal investment tax credits on the projects.
Date Agreement Entered |  | Date Agreement Closed |  | Project Location |  | Project Name |  | Project Cost (millions)(1) |  |  | Date of Commercial Operations |  | MW Capacity |
August 2019 |  | August 2019 |  | Virginia |  | Greensville |  | $ | 130 |  |  | Expected 2020 |  |  | 80 |
August 2019 |  | August 2019 |  | Virginia |  | Myrtle |  |  | 35 |  |  | Expected 2020 |  |  | 15 |
September 2019 |  | September 2019 |  | South Carolina |  | Seabrook |  |  | 105 |  |  | Expected 2019 |  |  | 72 |
(1) | Includes acquisition cost.
Dominion Energy Gas Assignment of Shale Development Rights In December 2013, Dominion Energy closed on agreements with natural gas producers to convey over time approximately 100,000 acres of Marcellus Shale development rights underneath several of its natural gas storage fields. The agreements provided for payments to Dominion Energy Gas, subject to customary adjustments, of up to approximately $200 million over a period of nine years, and an overriding royalty interest in gas produced from the acreage. In August 2017, Dominion Energy Gas and a natural gas producer signed an amendment to the agreement, which included the finalization of contractual matters on previous conveyances, the conveyance of Dominion Energy Gas’ remaining 68% interest in approximately 70,000 acres and the elimination of Dominion Energy Gas’ overriding royalty interest in gas produced from all acreage. Dominion Energy Gas received total consideration of $130 million, with $65 million received in the fourth quarter of 2017 and $65 million received in September 2018 in connection with the final conveyance. In September 2018, Dominion Energy Gas recognized a $65 million ($47 million after-tax) gain included in gains on sales of assets in Dominion Energy Gas’ Consolidated Statements of Income associated with the final conveyance of acreage. In November 2014, Dominion Energy Gas closed an agreement with a natural gas producer to convey over time approximately 24,000 acres of Marcellus Shale development rights underneath one of its natural gas storage fields. In January 2018, Dominion Energy Gas and the natural gas producer closed on an amendment to the agreement, which included the conveyance of Dominion Energy Gas’ remaining 50% interest in approximately 18,000 acres and the elimination of Dominion Energy Gas’ overriding royalty interest in gas produced from all acreage. In February 2018, Dominion Energy Gas received proceeds of $28 million, resulting in an approximately $28 million ($20 million after-tax) gain recorded in gains on sales of assets in Dominion Energy Gas’ Consolidated Statements of Income. In March 2018, Dominion Energy Gas closed an agreement with a natural gas producer to convey approximately 11,000 acres of Utica and Point Pleasant Shale development rights underneath one of its natural gas storage fields. The agreement provided for a payment to Dominion Energy Gas, subject to customary adjustments, of $16 million. In March 2018, Dominion Energy Gas received cash proceeds of $16 million associated with the conveyance of the acreage, resulting in a $16 million ($12 million after-tax) gain recorded in gains on sales of assets in Dominion Energy Gas’ Consolidated Statements of Income. In June 2018, Dominion Energy Gas closed an amendment to an agreement with a natural gas producer for the elimination of Dominion Energy Gas’ overriding royalty interest in gas produced from approximately 9,000 acres of Marcellus Shale development rights underneath one of its natural gas storage fields previously conveyed in December 2013. In June 2018, Dominion Energy Gas received proceeds of $6 million associated with the transaction, resulting in a $6 million ($4 million after-tax) gain recorded in gains on sales of assets in Dominion Energy Gas’ Consolidated Statements of Income.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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