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v3.23.3

Acquisitions and Dispositions (Tables) | 9 Months Ended
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Sep. 30, 2023
Results of Operations Reported within Discontinued Operations | The following table represents selected information for each disposal group regarding the results of operations reported within discontinued operations in Dominion Energy's Consolidated Statements of Income:
| Three Months Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2023 |
|  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |  |  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 214 |  | $ | 86 |  | $ | 150 |  | $ | 2 |  |  | $ | 761 |  | $ | 532 |  | $ | 1,151 |  | $ | 5 |
Operating expense(1) |  |  | 128 |  |  | 80 |  |  | 127 |  |  | 7 |  |  |  | 497 |  |  | 386 |  |  | 939 |  |  | 29 |
Other income (expense) |  |  | 7 |  |  | 3 |  |  | 3 |  |  | — |  |  |  | 22 |  |  | 8 |  |  | 6 |  |  | — |
Interest and related charges |  |  | 19 |  |  | 13 |  |  | 17 |  |  | — |  |  |  | 51 |  |  | 38 |  |  | 50 |  |  | 1 |
Income (loss) before income taxes |  |  | 74 |  |  | (4 | ) |  | 9 |  |  | (5 | ) |  |  | 235 |  |  | 116 |  |  | 168 |  |  | (25 | )
Income tax expense (benefit)(2) |  |  | 39 |  |  | 383 |  |  | 525 |  |  | (2 | ) |  |  | 58 |  |  | 409 |  |  | 557 |  |  | (7 | )
Net income (loss) attributable to Dominion Energy(3) |  | $ | 35 |  | $ | (387 | ) | $ | (516 | ) | $ | (3 | ) |  | $ | 177 |  | $ | (293 | ) | $ | (389 | ) | $ | (18 | )
(1) Other includes a charge of $15 million ($11 million after-tax) recorded in the second quarter of 2023 associated with the impairment of certain nonregulated solar assets. (2) Includes amounts recorded in the third quarter of 2023 to reflect the recognition of deferred taxes on the outside basis of the applicable entities' stock upon meeting the classification as held for sale. (3) Excludes $6 million and $2 million of income tax expense attributable to consolidated state and interim period tax allocation adjustments for the three and nine months ended September 30, 2023, respectively.
| Three Months Ended September 30, 2022 |  |  | Nine Months Ended September 30, 2022 |
|  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |  |  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 206 |  | $ | 93 |  | $ | 114 |  | $ | — |  |  | $ | 738 |  | $ | 539 |  | $ | 846 |  | $ | 3 |
Operating expense |  |  | 140 |  |  | 94 |  |  | 100 |  |  | 1 |  |  |  | 503 |  |  | 406 |  |  | 658 |  |  | 4 |
Other income (expense) |  |  | 7 |  |  | 3 |  |  | — |  |  | — |  |  |  | 21 |  |  | 6 |  |  | — |  |  | — |
Interest and related charges |  |  | 12 |  |  | 11 |  |  | 11 |  |  | — |  |  |  | 21 |  |  | 30 |  |  | 31 |  |  | — |
Income (loss) before income taxes |  |  | 61 |  |  | (9 | ) |  | 3 |  |  | (1 | ) |  |  | 235 |  |  | 109 |  |  | 157 |  |  | (1 | )
Income tax expense (benefit) |  |  | 5 |  |  | (2 | ) |  | (2 | ) |  | — |  |  |  | 29 |  |  | 23 |  |  | 29 |  |  | — |
Net income (loss) attributable to Dominion Energy(1) |  | $ | 56 |  | $ | (7 | ) | $ | 5 |  | $ | (1 | ) |  | $ | 206 |  | $ | 86 |  | $ | 128 |  | $ | (1 | )
(1) Excludes $20 million and $7 million of income tax expense attributable to consolidated state and interim period tax allocation adjustments for the three and nine months ended September 30, 2022, respectively.
Schedule Of Major Classes Of Assets And Liabilities Relating To The Disposal Groups Reported As Held For Sale | The carrying amount of major classes of assets and liabilities relating to the disposal groups, which are reported as held for sale in Dominion Energy's Consolidated Balance Sheets were as follows:
| At September 30, 2023(1) |  |  | At December 31, 2022 |
| East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |  |  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets(2) |  | $ | 358 |  |  | $ | 240 |  |  | $ | 680 |  | $ | — |  |  |  | $ | 544 |  |  | $ | 381 |  |  | $ | 803 |  | $ | 1 |
Property, plant and equipment, net |  |  | 5,301 |  |  |  | 2,705 |  |  |  | 4,206 |  |  | — |  |  |  |  | 5,012 |  |  |  | 2,591 |  |  |  | 3,984 |  |  | 47 |
Other deferred charges and other assets, including goodwill(3) and intangible assets |  |  | 2,651 |  |  |  | 819 |  |  |  | 1,000 |  |  | — |  |  |  |  | 2,629 |  |  |  | 822 |  |  |  | 1,043 |  |  | — |
Current liabilities(4) |  |  | 384 |  |  |  | 145 |  |  |  | 233 |  |  | — |  |  |  |  | 634 |  |  |  | 151 |  |  |  | 612 |  |  | 1 |
Long-term debt |  |  | 2,286 |  |  |  | 798 |  |  |  | 1,245 |  |  | — |  |  |  |  | 2,287 |  |  |  | 798 |  |  |  | 1,245 |  |  | — |
Other deferred credits and liabilities(5) |  |  | 1,427 |  |  |  | 692 |  |  |  | 1,120 |  |  | — |  |  |  |  | 1,435 |  |  |  | 689 |  |  |  | 1,087 |  |  | 9 |
(1) All amounts at September 30, 2023 are classified as current in Dominion Energy's Consolidated Balance Sheets. (2) Includes cash and cash equivalents of $4 million and $6 million within the East Ohio Transaction, less than $1 million and less than $1 million within the PSNC Transaction and $35 million and $28 million within the Questar Gas Transaction at September 30, 2023 and December 31, 2022, respectively. Also includes regulatory assets of $83 million and $90 million within the East Ohio Transaction, $114 million and $95 million within the PSNC Transaction and $423 million and $273 million within the Questar Gas Transaction at September 30, 2023 and December 31, 2022, respectively. (3) Includes goodwill of $1.5 billion, $673 million and $983 million at both September 30, 2023 and December 31, 2022 within the East Ohio Transaction, PSNC Transaction and Questar Gas Transaction, respectively. Also includes regulatory assets of $725 million and $751 million within the East Ohio Transaction, $88 million and $93 million within the PSNC Transaction and $(34) million and $(22) million within the Questar Gas Transaction at September 30, 2023 and December 31, 2022, respectively. (4) Includes regulatory liabilities of $54 million and $43 million within the East Ohio Transaction, $42 million and $11 million within the PSNC Transaction and $48 million and $144 million within the Questar Gas Transaction at September 30, 2023 and December 31, 2022, respectively. (5) Includes regulatory liabilities of $725 million and $749 million within the East Ohio Transaction, $441 million and $436 million within the PSNC Transaction and $510 million and $506 million within the Questar Gas Transaction at September 30, 2023 and December 31, 2022, respectively.
Capital Expenditures and Significant Noncash Items Relating to the Disposal Groups | Capital expenditures and significant noncash items relating to the disposal groups included the following:
| Nine Months Ended September 30, 2023 |  |  | Nine Months Ended September 30, 2022 |
|  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |  |  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 355 |  | $ | 153 |  | $ | 290 |  | $ | — |  |  | $ | 299 |  | $ | 113 |  | $ | 324 |  | $ | — |
Significant noncash items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization |  |  | 109 |  |  | 67 |  |  | 130 |  |  | 2 |  |  |  | 99 |  |  | 65 |  |  | 121 |  |  | 3 |
Accrued capital expenditures |  |  | 53 |  |  | 22 |  |  | 33 |  |  | — |  |  |  | 42 |  |  | 14 |  |  | 49 |  |  | — |

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