XML 154 R135.htm IDEA: XBRL DOCUMENT v3.22.0.1
Regulatory Assets and Liabilities (Schedule of Regulatory Liabilities) (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Oct. 31, 2017
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current $ 986 $ 809  
Regulatory liabilities-noncurrent 10,713 10,187  
Total regulatory liabilities 11,699 10,996  
Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current 647 425  
Regulatory liabilities-noncurrent 5,740 5,338  
Total regulatory liabilities $ 6,387 5,763  
SCANA      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current     $ 67
Total regulatory liabilities     $ 1,100
Estimation period of collection to be credited 11 years    
Electric service customers over period 20 years    
Deferred cost of fuel used in electric generation      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [1]   58  
Deferred cost of fuel used in electric generation | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [2]   58  
Regulatory liabilities-noncurrent [2]   54  
Provision for future cost of removal and AROs      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [3] $ 181 183  
Regulatory liabilities-noncurrent [3] 2,331 2,150  
Provision for future cost of removal and AROs | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [4] 154 152  
Reserve for refunds and rate credits to electric utility customers      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [5] 420 128  
Regulatory liabilities-noncurrent [5] 448 540  
Income taxes refundable through future rates      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [6] 153 124  
Regulatory liabilities-noncurrent [6] 4,260 4,376  
Income taxes refundable through future rates | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [7] 63 54  
Regulatory liabilities-noncurrent [7] 2,335 2,404  
Monetization of guarantee settlement      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [8] 67 67  
Regulatory liabilities-noncurrent [8] $ 831 903  
Electric service customers over period 20 years    
Other      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current $ 110 120  
Regulatory liabilities-noncurrent 380 322  
Other | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current 73 33  
Regulatory liabilities-noncurrent 179 181  
Commodity derivatives      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [9] 55 9  
Nuclear decommissioning trust      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-noncurrent [10] 2,158 1,719  
Nuclear decommissioning trust | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-noncurrent [11] 2,158 1,719  
Reserve for future credits to Virginia electric customers      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [12]   120  
Reserve for future credits to Virginia electric customers | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [13]   120  
Overrecovered Other Postretirement Benefit Costs      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-noncurrent [14] 105 111  
Unrecognized Pension and Other Postretirement Benefit Costs      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-noncurrent [15] 200 66  
Reserve For Refunds To Virginia Electric Customers | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [16] 306    
Regulatory liabilities-noncurrent [16] 25    
Provision For Future Cost Of Removal | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-noncurrent [4] 1,043 980  
Derivative Liabilities | Virginia Electric and Power Company      
Regulatory Liabilities [Line Items]      
Regulatory liabilities-current [9] $ 51 $ 8  
[1] Reflects deferred fuel expenses for the Virginia, North Carolina and South Carolina jurisdictions of Dominion Energy’s electric generation operations.
[2] Reflects deferred fuel expenses for the Virginia and North Carolina jurisdictions of Virginia Power’s generation operations
[3] Rates charged to customers by Dominion Energy’s regulated businesses include a provision for the cost of future activities to remove assets that are expected to be incurred at the time of retirement
[4] Rates charged to customers by Virginia Power's regulated businesses include a provision for the cost of future activities to remove assets that are expected to be incurred at the time of retirement
[5] Reflects amounts previously collected from retail electric customers of DESC for the NND Project to be credited over an estimated 11-year period effective February 2019, in connection with the SCANA Merger Approval Order. See Notes 3 and 13 for more information
[6] Amounts recorded to pass the effect of reduced income taxes from the 2017 Tax Reform Act to customers in future periods, which will primarily reverse at the weighted average tax rate that was used to build the reserves over the remaining book life of the property, net of amounts to be recovered through future rates to pay income taxes that become payable when rate revenue is provided to recover AFUDC equity
[7] Amounts recorded to pass the effect of reduced income taxes from the 2017 Tax Reform Act to customers in future periods, which will reverse at the weighted average tax rate that was used to build the reserves over the remaining book life of the property, net of amounts to be recovered through future rates to pay income taxes that become payable when rate revenue is provided to recover AFUDC equity
[8]

Reflects amounts to be refunded to DESC electric service customers over a 20-year period ending in 2039 associated with the monetization of a bankruptcy settlement agreement. See Note 3 for more information.

[9] For jurisdictions subject to cost-based rate regulation, changes in the fair value of derivative instruments result in the recognition of regulatory assets or regulatory liabilities as they are expected to be recovered from or refunded to customers
[10]

Primarily reflects a regulatory liability representing amounts collected from Virginia jurisdictional customers and placed in external trusts (including income, losses and changes in fair value thereon, as applicable) for the future decommissioning of Dominion Energy’s utility nuclear generation stations, in excess of the related AROs.

[11] Primarily reflects a regulatory liability representing amounts collected from Virginia jurisdictional customers and placed in external trusts (including income, losses and changes in fair value thereon) for the future decommissioning of Virginia Power’s utility nuclear generation stations, in excess of the related AROs
[12] Represents a reserve related to the expected use of a CCRO in accordance with the GTSA associated with the 2021 Triennial Review. See Note 13 for additional information.
[13] Represents a reserve related to the expected use of a CCRO in accordance with the GTSA associated with the 2021 Triennial Review. See Note 13 for additional information
[14]

Reflects a regulatory liability for the collection of postretirement benefit costs allowed in rates in excess of expense incurred.

[15] Represents unrecognized pension and other postretirement employee benefit costs expected to be recovered or refunded through future rates generally over the expected remaining service period of plan participants by certain of Dominion Energy's rate-regulated subsidiaries
[16] Reflects amounts to be refunded to jurisdictional retail electric customers in Virginia associated with the settlement of the 2021 Triennial Review. See Note 13 for additional information