XML 63 R41.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Acquisitions and Dispositions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Results of Operations Reported within Discontinued Operations | The following table represents selected information regarding the results of operations, which were reported within discontinued operations in Dominion Energy’s Consolidated Statements of Income:
Year Ended December 31, 2023 |  | East Ohio Transaction |  |  | PSNC Transaction |  |  | Questar Gas Transaction |  |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,037 |  |  | $ | 743 |  |  | $ | 1,679 |  |  | $ | 15 |
Operating expense(1) |  |  | 701 |  |  |  | 517 |  |  |  | 1,602 |  |  |  | 111 |
Other income (expense) |  |  | 30 |  |  |  | 11 |  |  |  | 8 |  |  |  | — |
Interest and related charges |  |  | 71 |  |  |  | 52 |  |  |  | 68 |  |  |  | 1 |
Income (loss) before income taxes |  |  | 295 |  |  |  | 185 |  |  |  | 17 |  |  |  | (97 | )
Income tax expense(2) |  |  | 69 |  |  |  | 431 |  |  |  | 521 |  |  |  | (38 | )
Net income (loss) attributable to Dominion Energy(3) |  | $ | 226 |  |  | $ | (246 | ) |  | $ | (504 | ) |  | $ | (59 | )
(1) East Ohio Transaction includes a charge of $50 million ($45 million after-tax) primarily for an impairment of associated goodwill, Questar Gas Transaction includes a charge of $284 million ($279 million after-tax) primarily for an impairment of associated goodwill and Other includes a charge of $68 million ($51 million after-tax) associated with the impairment of nonregulated solar generation facility development operations and a charge of $15 million ($11 million after-tax) associated with the impairment of certain nonregulated solar assets. (2) Includes amounts 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 $(3) million of income tax expense (benefit) attributable to consolidated state tax adjustments for the year ended December 31, 2023.
Year Ended December 31, 2022 |  | East Ohio Transaction |  |  | PSNC Transaction |  |  | Questar Gas Transaction |  |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,043 |  |  | $ | 841 |  |  | $ | 1,341 |  |  | $ | 11 |
Operating expense(1) |  |  | 702 |  |  |  | 648 |  |  |  | 1,043 |  |  |  | 118 |
Other income (expense) |  |  | 28 |  |  |  | 9 |  |  |  | — |  |  |  | — |
Interest and related charges |  |  | 36 |  |  |  | 43 |  |  |  | 45 |  |  |  | — |
Income (loss) before income taxes |  |  | 333 |  |  |  | 159 |  |  |  | 253 |  |  |  | (107 | )
Income tax expense |  |  | 45 |  |  |  | 34 |  |  |  | 50 |  |  |  | (28 | )
Net income (loss) attributable to Dominion Energy(2) |  | $ | 288 |  |  | $ | 125 |  |  | $ | 203 |  |  | $ | (79 | )
(1) Other includes a charge of $103 million ($76 million after-tax) associated with the impairment of a nonregulated solar generation asset. (2) Excludes $(3) million of income tax expense (benefit) attributable to consolidated state tax adjustments for the year ended December 31, 2022.
Year Ended December 31, 2021 |  | East Ohio Transaction |  |  | PSNC Transaction |  |  | Questar Gas Transaction |  |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 908 |  |  | $ | 613 |  |  | $ | 1,020 |  |  | $ | 5 |
Operating expense |  |  | 620 |  |  |  | 451 |  |  |  | 761 |  |  |  | 6 |
Other income (expense) |  |  | 25 |  |  |  | 11 |  |  |  | (1 | ) |  |  | — |
Interest and related charges |  |  | 18 |  |  |  | 35 |  |  |  | 35 |  |  |  | — |
Income (loss) before income taxes |  |  | 295 |  |  |  | 138 |  |  |  | 223 |  |  |  | (1 | )
Income tax expense (benefit) |  |  | 38 |  |  |  | 27 |  |  |  | 42 |  |  |  | (1 | )
Net income (loss) attributable to Dominion Energy(1) |  | $ | 257 |  |  | $ | 111 |  |  | $ | 181 |  |  | $ | - |
(1) Excludes $19 million of income tax expense (benefit) attributable to consolidated state tax adjustments for the year ended December 31, 2021. The following table represents selected information regarding the results of operations, which were reported within discontinued operations in Dominion Energy’s Consolidated Statements of Income:
Year Ended December 31, 2021 |  | Q-Pipe Group(1) |
(millions) |  |  |
Operating revenue |  | $ | 254 |
Operating expense |  |  | 76 |
Other income (expense)(2) |  |  | 28 |
Interest and related charges |  |  | 25 |
Income (loss) before income taxes |  |  | 181 |
Income tax expense (benefit) |  |  | 36 |
Net income (loss) attributable to Dominion Energy(3) |  | $ | 145 |
(1) Operations associated with the Q-Pipe Group are through the December 31, 2021 closing date. (2) Q-Pipe Group includes a $25 million benefit associated with the termination of the Q-Pipe Transaction in 2021. (3) Excludes $19 million of income tax expense (benefit) attributable to consolidated state and interim period tax allocation adjustments for the year ended December 31, 2021.
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:
Year Ended December 31, 2023 |  | East Ohio Transaction |  |  | PSNC Transaction |  |  | Questar Gas Transaction |  |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 507 |  |  | $ | 233 |  |  | $ | 449 |  |  | $ | — |
Significant noncash items |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization |  |  | 148 |  |  |  | 90 |  |  |  | 175 |  |  |  | 2 |
Accrued capital expenditures |  |  | 42 |  |  |  | 43 |  |  |  | 32 |  |  |  | — |
Year Ended December 31, 2022 |  | East Ohio Transaction |  |  | PSNC Transaction |  |  | Questar Gas Transaction |  |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 456 |  |  | $ | 153 |  |  | $ | 438 |  |  | $ | — |
Significant noncash items |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization |  |  | 134 |  |  |  | 87 |  |  |  | 163 |  |  |  | 4 |
Accrued capital expenditures |  |  | 53 |  |  |  | 16 |  |  |  | 31 |  |  |  | — |
Year Ended December 31, 2021 |  | East Ohio Transaction |  |  | PSNC Transaction |  |  | Questar Gas Transaction |  |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures(1) |  | $ | 420 |  |  | $ | 195 |  |  | $ | 416 |  |  | $ | — |
Significant noncash items |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization |  |  | 122 |  |  |  | 81 |  |  |  | 168 |  |  |  | 4 |
Accrued capital expenditures |  |  | 27 |  |  |  | 41 |  |  |  | 25 |  |  |  | — |
(1) In November 2021, Wexpro closed on an agreement with a natural gas gathering systems operator to purchase an existing natural gas gathering system in Wyoming including pipelines, compressors and dehydration equipment for total consideration of $41 million, included in the Questar Gas Transaction. Capital expenditures and significant noncash items relating to the disposal groups included the following:
Year Ended December 31, 2021 |  | Q-Pipe Group(1) |
(millions) |  |  |
Capital expenditures |  | $ | 34 |
Significant noncash items |  |  |
Depreciation and amortization |  |  | — |
Accrued capital expenditures |  |  | — |
(1) Operations associated with the Q-Pipe Group are through the December 31, 2021 closing date.
Schedule Of Major Classes Of Assets And Liabilities Relating To The Disposal Groups Reported As Held For Sale | The carrying value 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 December 31, 2023 |  |  | 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(1) | $ | 497 |  | $ | 336 |  | $ | 764 |  | $ | 1 |  |  | $ | 544 |  | $ | 381 |  | $ | 803 |  | $ | 10 |
Property, plant and equipment, net |  | 5,443 |  |  | 2,806 |  |  | 4,369 |  |  | 26 |  |  |  | 5,012 |  |  | 2,591 |  |  | 3,984 |  |  | 50 |
Other deferred charges and other assets, including goodwill(2) and intangible assets |  | 2,659 |  |  | 834 |  |  | 766 |  |  | — |  |  |  | 2,629 |  |  | 822 |  |  | 1,043 |  |  | 34 |
Current liabilities(3)(4) |  | 560 |  |  | 224 |  |  | 389 |  |  | 7 |  |  |  | 634 |  |  | 151 |  |  | 612 |  |  | 6 |
Long-term debt(5) |  | 2,286 |  |  | 948 |  |  | 1,205 |  |  | — |  |  |  | 2,287 |  |  | 798 |  |  | 1,245 |  |  | — |
Other deferred credits and liabilities(6) |  | 1,437 |  |  | 711 |  |  | 1,116 |  |  | 2 |  |  |  | 1,435 |  |  | 689 |  |  | 1,087 |  |  | 11 |
(1) Includes cash and cash equivalents of $4 million and $6 million within the East Ohio Transaction, $2 million and less than $1 million within the PSNC Transaction and $26 million and $28 million within the Questar Gas Transaction at December 31, 2023 and 2022, respectively. Also includes regulatory assets of $75 million and $90 million within the East Ohio Transaction, $89 million and $95 million within the PSNC Transaction and $297 million and $273 million within the Questar Gas Transaction at December 31, 2023 and 2022, respectively. (2) Includes goodwill of $1.5 billion and $673 million at both December 31, 2023 and 2022 within the East Ohio and PSNC Transactions, respectively, and $720 million and $983 million within the Questar Gas Transaction at December 31, 2023 and 2022, respectively. Also includes regulatory assets of $781 million and $751 million within the East Ohio Transaction, $86 million and $93 million within the PSNC Transaction and $(39) million and $(22) million within the Questar Gas Transaction at December 31, 2023 and 2022, respectively. (3) Includes regulatory liabilities of $54 million and $43 million within the East Ohio Transaction, $44 million and $11 million within the PSNC Transaction and $55 million and $144 million within the Questar Gas Transaction at December 31, 2023 and 2022, respectively. (4) Questar Gas Transaction includes $40 million of 2.98% unsecured senior notes at December 31, 2023, which are scheduled to mature in December 2024. (5) Includes East Ohio Unsecured Senior Notes due 2025 to 2052 at rates from 1.30% to 6.38% and with a weighted-average coupon rate for debt outstanding at December 31, 2023 of 3.13%; PSNC Unsecured Senior Notes due 2026 to 2053 at rates from 3.10% to 7.45% and with a weighted-average coupon rate for debt outstanding at December 31, 2023 of 4.67%; and Questar Gas Unsecured Senior Notes due 2024 to 2052 at rates from 2.21% to 7.20% and with a weighted-average coupon rate for debt outstanding at December 31, 2023 of 3.99%; in the East Ohio, PSNC and Questar Gas Transactions, respectively. (6) Includes regulatory liabilities of $711 million and $749 million within the East Ohio Transaction, $435 million and $436 million within the PSNC Transaction and $502 million and $506 million within the Questar Gas Transaction at December 31, 2023 and 2022, respectively.

X
- Definition Schedule of capital expenditures and significant noncash items relating to the disposal group. + References No definition available. + Details
Name: | d_ScheduleOfCapitalExpendituresAndSignificantNoncashItemsRelatingToDisposalGroupTableTextBlock
Namespace Prefix: | d_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of major classes of assets and liabilities relating to the disposal groups reported as held for sale. + References No definition available. + Details
Name: | d_ScheduleOfMajorClassesOfAssetsAndLiabilitiesRelatingToTheDisposalGroupsReportedAsHeldForSaleTableTextBlock
Namespace Prefix: | d_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of results of operations reported within discontinued operations. + References No definition available. + Details
Name: | d_ScheduleOfResultsOfOperationsReportedWithinDiscontinuedOperationsTableTextBlock
Namespace Prefix: | d_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration