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Preferred Stock (Tables) | 12 Months Ended
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Dec. 31, 2020
Preferred Stock |
Preferred Stock | Selected information about Dominion Energy’s 2019 Equity Units is presented below:
Issuance Date |  | Units Issued |  | Total Net Proceeds(1) |  |  | Total Preferred Stock(2) |  |  | Cumulative Dividend Rate |  |  | Stock Purchase Contract Annual Rate |  |  | Stock Purchase Contract Liability(3) |  |  | Stock Purchase Contract Settlement Date
(millions except interest rates) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
6/14/2019 |  | 16 |  | $ | 1,582 |  |  | $ | 1,610 |  |  |  | 1.75 | % |  |  | 5.5 | % |  | $ | 250 |  |  | 6/1/2022
(1) Issuance costs of $28 million were recorded as a reduction to preferred stock ($14 million) and common stock ($14 million) in the Consolidated Balance Sheets at December 31, 2019. (2) Dominion Energy recorded dividends of $28 million ($17.50 per share) and $15 million ($9.479 per share) for the years ended December 31, 2020 and 2019, respectively. (3) Payments of $83 million and $38 million were made in 2020 and 2019, respectively. The stock purchase contract liability was $129 million and $212 million at December 31, 2020 and 2019, respectively.

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- Definition Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 5 -Subparagraph (SAB TOPIC 4.F) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187171-122770 + Details
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