XML 60 R43.htm IDEA: XBRL DOCUMENT
v3.20.2

Investments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Equity and Debt Securities and Cash Equivalents and Cost Method Investments in Decommissioning Trust Funds | Dominion Energy’s decommissioning trust funds are summarized below:
|  | Amortized Cost |  |  | Total Unrealized Gains |  |  | Total Unrealized Losses |  |  | Allowance for Credit Losses |  |  | Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,701 |  |  | $ | 2,221 |  |  | $ | (71 | ) |  | $ | — |  |  | $ | 3,851 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 577 |  |  |  | 48 |  |  |  | (1 | ) |  |  | — |  |  |  | 624 |
Government securities |  |  | 1,119 |  |  |  | 62 |  |  |  | (1 | ) |  |  | — |  |  |  | 1,180 |
Common/collective trust funds |  |  | 146 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 148 |
Insurance contracts |  |  | 223 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 223 |
Cash equivalents and other(3) |  |  | (8 | ) |  |  | 2 |  |  |  | (2 | ) |  |  | — |  |  |  | (8 | )
Total |  | $ | 3,758 |  |  | $ | 2,335 |  |  | $ | (75 | ) | (4) | $ | — |  | (5) | $ | 6,018 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 1,807 |  |  | $ | 2,451 |  |  | $ | (20 | ) |  | $ | — |  |  | $ | 4,238 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 434 |  |  |  | 29 |  |  |  | — |  |  |  | — |  |  |  | 463 |
Government securities |  |  | 1,108 |  |  |  | 39 |  |  |  | (2 | ) |  |  | — |  |  |  | 1,145 |
Common/collective trust funds |  |  | 115 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 119 |
Insurance contracts |  |  | 214 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 214 |
Cash equivalents and other(3) |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13 |
Total |  | $ | 3,691 |  |  | $ | 2,523 |  |  | $ | (22 | ) | (4) | $ | — |  |  | $ | 6,192 |
(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. Effective January 2020, changes in allowance for credit losses are included in other income.
(3) | Includes pending purchases of securities of $35 million and $1 million at June 30, 2020 and December 31, 2019, respectively.
(4) | The fair value of securities in an unrealized loss position was $181 million and $298 million at June 30, 2020 and December 31, 2019, respectively.
(5) | The allowance for credit losses associated with fixed income securities decreased from March 31, 2020 by $21 million. These recoveries are a result of improvements in credit spreads experienced in the market between March 31, 2020 and June 30, 2020.
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) recognized during the period |  | $ | 610 |  |  | $ | 156 |  |  | $ | (288 | ) |  | $ | 570 |
Less: Net (gains) losses recognized during the period on securities sold during the period |  |  | (5 | ) |  |  | (25 | ) |  |  | 9 |  |  |  | (44 | )
Unrealized gains (losses) recognized during the period on securities still held at June 30, 2020 and 2019(1) |  | $ | 605 |  |  | $ | 131 |  |  | $ | (279 | ) |  | $ | 526 |
(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 June 30, 2020 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |  |
Due in one year or less |  | $ | 212 |
Due after one year through five years |  |  | 486 |
Due after five years through ten years |  |  | 485 |
Due after ten years |  |  | 769 |
Total |  | $ | 1,952 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 1,058 |  |  | $ | 376 |  |  | $ | 1,660 |  |  | $ | 882 |
Realized gains(1) |  |  | 74 |  |  |  | 56 |  |  |  | 140 |  |  |  | 99 |
Realized losses(1) |  |  | 61 |  |  |  | 27 |  |  |  | 130 |  |  |  | 50 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.
Virginia Electric and Power Company |
Equity and Debt Securities and Cash Equivalents and Cost Method Investments in Decommissioning Trust Funds | Virginia Power’s decommissioning trust funds are summarized below:
|  | Amortized Cost |  |  | Total Unrealized Gains |  |  | Total Unrealized Losses |  |  | Allowance for Credit Losses |  |  | Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 901 |  |  | $ | 1,028 |  |  | $ | (46 | ) |  | $ | — |  |  | $ | 1,883 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 328 |  |  |  | 26 |  |  |  | — |  |  |  | — |  |  |  | 354 |
Government securities |  |  | 467 |  |  |  | 23 |  |  |  | (1 | ) |  |  | — |  |  |  | 489 |
Common/collective trust funds |  |  | 57 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 57 |
Cash equivalents and other(3) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Total |  | $ | 1,752 |  |  | $ | 1,077 |  |  | $ | (47 | ) | (4) | $ | — |  | (5) | $ | 2,782 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | 894 |  |  | $ | 1,144 |  |  | $ | (11 | ) |  | $ | — |  |  | $ | 2,027 |
Fixed income securities:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate debt instruments |  |  | 241 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 256 |
Government securities |  |  | 534 |  |  |  | 14 |  |  |  | (2 | ) |  |  | — |  |  |  | 546 |
Common/collective trust funds |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 51 |
Cash equivalents and other |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Total |  | $ | 1,721 |  |  | $ | 1,173 |  |  | $ | (13 | ) | (4) | $ | — |  |  | $ | 2,881 |
(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. Effective January 2020, changes in allowance for credit losses are included in other income.
(3) | Includes pending purchases of securities of $1 million at June 30, 2020.
(4) | The fair value of securities in an unrealized loss position was $74 million and $185 million at June 30, 2020 and December 31, 2019, respectively.
(5) | The allowance for credit losses associated with fixed income securities decreased from March 31, 2020 by $12 million. These recoveries are a result of improvements in credit spreads experienced in the market between March 31, 2020 and June 30, 2020.
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) recognized during the period |  | $ | 269 |  |  | $ | 70 |  |  | $ | (154 | ) |  | $ | 256 |
Less: Net (gains) losses recognized during the period on securities sold during the period |  |  | (3 | ) |  |  | (7 | ) |  |  | 3 |  |  |  | (8 | )
Unrealized gains (losses) recognized during the period on securities still held at June 30, 2020 and 2019(1) |  | $ | 266 |  |  | $ | 63 |  |  | $ | (151 | ) |  | $ | 248 |
(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 June 30, 2020 by contractual maturity is as follows:
|  | Amount |
(millions) |  |  |  |
Due in one year or less |  | $ | 79 |
Due after one year through five years |  |  | 227 |
Due after five years through ten years |  |  | 273 |
Due after ten years |  |  | 321 |
Total |  | $ | 900 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from sales |  | $ | 236 |  |  | $ | 194 |  |  | $ | 530 |  |  | $ | 447 |
Realized gains(1) |  |  | 24 |  |  |  | 15 |  |  |  | 55 |  |  |  | 25 |
Realized losses(1) |  |  | 17 |  |  |  | 3 |  |  |  | 48 |  |  |  | 12 |
(1) | Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

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 marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
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: |