XML 50 R44.htm IDEA: XBRL DOCUMENT
v3.19.3

Investments (Tables) | Nov. 18, 2019
--- | ---
Equity and Fixed Income Securities, Insurance Contracts and Cash Equivalents in Decommissioning Trust Funds | Decommissioning Trust Securities Dominion Energy holds equity and fixed income securities, insurance contracts and cash equivalents in nuclear decommissioning trust funds to fund future decommissioning costs for its nuclear plants. Dominion Energy’s decommissioning trust funds are summarized below:
|  | Amortized Cost |  |  | Total Unrealized Gains |  |  | Total Unrealized Losses |  |  | Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,787 |  |  | $ | 2,169 |  |  | $ | (30 | ) |  | $ | 3,926 |
Fixed income securities: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 442 |  |  |  | 30 |  |  |  | — |  |  |  | 472 |
Government securities |  |  | 1,082 |  |  |  | 44 |  |  |  | (4 | ) |  |  | 1,122 |
Common/collective trust funds |  |  | 105 |  |  |  | 4 |  |  |  | — |  |  |  | 109 |
Insurance contracts |  |  | 210 |  |  |  | — |  |  |  | — |  |  |  | 210 |
Cash equivalents and other (3) |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 21 |
Total |  | $ | 3,647 |  |  | $ | 2,247 |  |  | $ | (34 | ) (4) |  | $ | 5,860 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,741 |  |  | $ | 1,640 |  |  | $ | (51 | ) |  | $ | 3,330 |
Fixed income securities: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 435 |  |  |  | 5 |  |  |  | (9 | ) |  |  | 431 |
Government securities |  |  | 1,092 |  |  |  | 17 |  |  |  | (12 | ) |  |  | 1,097 |
Common/collective trust funds |  |  | 76 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Cash equivalents and other |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 4 |
Total |  | $ | 3,348 |  |  | $ | 1,662 |  |  | $ | (72 | ) (4) |  | $ | 4,938 |
(1) | Unrealized gains and losses on equity securities are included in other income and the nuclear decommissioning trust regulatory liability.
(2) | Unrealized gains and losses on fixed income securities are included in AOCI and the nuclear decommissioning trust regulatory liability.
(3) | Includes pending sales of securities of $ 3 million at September 30, 2019.
(4) | The fair value of securities in an unrealized loss position was $ 277 million and $ 833 million at September 30, 2019 and December 31, 2018, respectively.
Unrealized Gain Loss on Equity | The portion of unrealized gains and losses that relates to equity securities held within Dominion Energy’s nuclear decommissioning trusts is summarized below:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gains recognized during the period |  | $ | 40 |  |  | $ | 243 |  |  |  |  |  |  | $ | 610 |  |  | $ | 267 |
Less: Net gains recognized during the period on securities sold during the period |  |  | (17 | ) |  |  | (7 | ) |  |  |  |  |  |  | (61 | ) |  |  | (42 | )
Unrealized gains recognized during the period on securities still held at September 30, 2019 and 2018 (1) |  | $ | 23 |  |  | $ | 236 |  |  |  |  |  |  | $ | 549 |  |  | $ | 225 |
(1) | Included in other income and the nuclear decommissioning trust regulatory liability.
Investments Classified by Contractual Maturity Date | The fair value of Dominion Energy’s fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds at September 30, 2019 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |
Due in one year or less |  | $ | 212 |
Due after one year through five years |  |  | 412 |
Due after five years through ten years |  |  | 360 |
Due after ten years |  |  | 719 |
Total |  | $ | 1,703 |
Marketable Securities | Presented below is selected information regarding Dominion Energy’s equity and fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 429 |  |  | $ | 457 |  |  |  |  |  |  | $ | 1,311 |  |  | $ | 1,301 |
Realized gains (1) |  |  | 53 |  |  |  | 24 |  |  |  |  |  |  |  | 152 |  |  |  | 96 |
Realized losses (1) |  |  | 25 |  |  |  | 18 |  |  |  |  |  |  |  | 75 |  |  |  | 60 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.
Other-Than-Temporary Impairment Losses | Dominion Energy recorded other-than-temporary impairment losses on investments held in nuclear decommissioning trust funds as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Total other-than-temporary impairment losses |  | $ | 1 |  |  | $ | 8 |  |  | $ | 1 |  |  | $ | 25 |
Losses recognized in other comprehensive income (before taxes) |  |  | (1 | ) |  |  | (8 | ) |  |  | (1 | ) |  |  | (25 | )
Net impairment losses recognized in earnings |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Virginia Electric and Power Company |
Equity and Fixed Income Securities, Insurance Contracts and Cash Equivalents in Decommissioning Trust Funds | Virginia Power’s decommissioning trust funds are summarized below:
|  | Amortized Cost |  |  | Total Unrealized Gains |  |  | Total Unrealized Losses |  |  | Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 890 |  |  | $ | 1,013 |  |  | $ | (15 | ) |  | $ | 1,888 |
Fixed income securities: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 257 |  |  |  | 16 |  |  |  | — |  |  |  | 273 |
Government securities |  |  | 504 |  |  |  | 17 |  |  |  | (1 | ) |  |  | 520 |
Common/collective trust funds |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | 46 |
Cash equivalents and other (3) |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 11 |
Total |  | $ | 1,708 |  |  | $ | 1,046 |  |  | $ | (16 | ) (4) |  | $ | 2,738 |
December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 858 |  |  | $ | 751 |  |  | $ | (24 | ) |  | $ | 1,585 |
Fixed income securities: (2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 224 |  |  |  | 2 |  |  |  | (5 | ) |  |  | 221 |
Government securities |  |  | 504 |  |  |  | 7 |  |  |  | (5 | ) |  |  | 506 |
Common/collective trust funds |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | 51 |
Cash equivalents and other (3) |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
Total |  | $ | 1,643 |  |  | $ | 760 |  |  | $ | (34 | ) (4) |  | $ | 2,369 |
(1) | Unrealized gains and losses on equity securities are included in other income and the nuclear decommissioning trust regulatory liability.
(2) | Unrealized gains and losses on fixed income securities are included in AOCI and the nuclear decommissioning trust regulatory liability.
(3) | Includes pending sales of securities of $ 5 million and $ 6 million at September 30, 2019 and December 31, 2018, respectively.
(4) | The fair value of securities in an unrealized loss position was $ 164 million and $ 404 million at September 30, 2019 and December 31, 2018, respectively.
Unrealized Gain Loss on Equity | The portion of unrealized gains and losses that relates to equity securities held within Virginia Power’s nuclear decommissioning trusts is summarized below:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Net gains recognized during the period |  | $ | 30 |  |  | $ | 106 |  |  | $ | 286 |  |  | $ | 118 |
Less: Net gains recognized during the period on securities sold during the period |  |  | (7 | ) |  |  | (3 | ) |  |  | (15 | ) |  |  | (26 | )
Unrealized gains recognized during the period on securities still held at September 30, 2019 and 2018 (1) |  | $ | 23 |  |  | $ | 103 |  |  | $ | 271 |  |  | $ | 92 |
(1) | Included in other income and the nuclear decommissioning trust regulatory liability.
Investments Classified by Contractual Maturity Date | The fair value of Virginia Power’s fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds at September 30, 2019 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |
Due in one year or less |  | $ | 99 |
Due after one year through five years |  |  | 183 |
Due after five years through ten years |  |  | 180 |
Due after ten years |  |  | 377 |
Total |  | $ | 839 |
Marketable Securities | Presented below is selected information regarding Virginia Power’s equity and fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds.
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 230 |  |  | $ | 237 |  |  | $ | 677 |  |  | $ | 651 |
Realized gains (1) |  |  | 21 |  |  |  | 11 |  |  |  | 46 |  |  |  | 44 |
Realized losses (1) |  |  | 6 |  |  |  | 5 |  |  |  | 18 |  |  |  | 17 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

X
- Definition Equity And Debt Securities Held In Nuclear Decommissioning Trust Funds [Table Text Block] + References No definition available. + Details
Name: | d_EquityAndDebtSecuritiesHeldInNuclearDecommissioningTrustFundsTableTextBlock
Namespace Prefix: | d_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27340-111563 + Details
Name: | us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in net income (trading) and investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). + References No definition available. + Details
Name: | us-gaap_TradingSecuritiesAndCertainTradingAssetsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=d_VirginiaElectricAndPowerCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |