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Derivatives and Hedge Accounting Activities | 12 Months Ended
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Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivatives and Hedge Accounting Activities | NOTE 7. DERIVATIVES AND HEDGE ACCOUNTING ACTIVITIES See Note 2 for the Companies’ accounting policies, objectives, and strategies for using derivative instruments. See Notes 2 and 6 for further information about fair value measurements and associated valuation methods for derivatives. Cash collateral is used in the table below to offset derivative assets and liabilities. In February 2022, Dominion Energy entered into contracts representing offsetting positions to certain existing exchange contracts with collateral requirements as well as new over-the-counter transactions that are not subject to collateral requirements. These contracts resulted in positions which limit the risk of increased cash collateral requirements. Certain accounts receivable and accounts payable recognized on the Companies’ Consolidated Balance Sheets, letters of credit and other forms of securities, as well as certain other long-term debt, all of which are not included in the tables below, are subject to offset under master netting or similar arrangements and would reduce the net exposure. See Note 18 for further information regarding other long-term debt, in the form of restructured derivatives, subject to offset under master netting or similar agreements. See Note 24 for further information regarding credit-related contingent features for the Companies derivative instruments. Balance Sheet Presentation The tables below present the Companies’ derivative asset and liability balances by type of financial instrument, if the gross amounts recognized in its Consolidated Balance Sheets were netted with derivative instruments and cash collateral received or paid:
|  | Dominion Energy Gross Amounts Not Offset in the Consolidated Balance Sheet |  |  | Virginia Power Gross Amounts Not Offset in the Consolidated Balance Sheet |
|  | Gross Assets Presented in the Consolidated Balance Sheet(1) |  |  | Financial Instruments |  |  | Cash Collateral Received |  |  | Net Amounts |  |  | Gross Assets Presented in the Consolidated Balance Sheet(1) |  |  | Financial Instruments |  |  | Cash Collateral Received |  |  | Net Amounts |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  | $ | 289 |  |  | $ | 26 |  |  | $ | — |  |  | $ | 263 |  |  | $ | 112 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 99 |
Exchange |  |  | 118 |  |  |  | 33 |  |  |  | 15 |  |  |  | 70 |  |  |  | 4 |  |  |  | 3 |  |  |  | — |  |  |  | 1 |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  |  | 800 |  |  |  | 191 |  |  |  | — |  |  |  | 609 |  |  |  | 181 |  |  |  | 11 |  |  |  | — |  |  |  | 170 |
Total derivatives, subject to a master netting or similar arrangement |  | $ | 1,207 |  |  | $ | 250 |  |  | $ | 15 |  |  | $ | 942 |  |  | $ | 297 |  |  | $ | 27 |  |  | $ | — |  |  | $ | 270 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  | $ | 408 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 380 |  |  | $ | 238 |  |  | $ | 7 |  |  | $ | — |  |  | $ | 231 |
Exchange |  |  | 160 |  |  |  | 159 |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  |  | 1,407 |  |  |  | 248 |  |  |  | — |  |  |  | 1,159 |  |  |  | 614 |  |  |  | 38 |  |  |  | — |  |  |  | 576 |
Total derivatives, subject to a master netting or similar arrangement |  | $ | 1,975 |  |  | $ | 435 |  |  | $ | — |  |  | $ | 1,540 |  |  | $ | 852 |  |  | $ | 45 |  |  | $ | — |  |  | $ | 807 |
(1) Excludes derivative assets of $143 million and $201 million at Dominion Energy, and $1 million and $30 million at Virginia Power, at December 31, 2023 and 2022, respectively, which are not subject to master netting or similar arrangements.
|  | Dominion Energy Gross Amounts Not Offset in the Consolidated Balance Sheet |  |  | Virginia Power Gross Amounts Not Offset in the Consolidated Balance Sheet |
|  | Gross Liabilities Presented in the Consolidated Balance Sheet(1) |  |  | Financial Instruments |  |  | Cash Collateral Paid |  |  | Net Amounts |  |  | Gross Liabilities Presented in the Consolidated Balance Sheet(1) |  |  | Financial Instruments |  |  | Cash Collateral Paid |  |  | Net Amounts |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  | $ | 266 |  |  | $ | 26 |  |  | $ | 30 |  |  | $ | 210 |  |  | $ | 153 |  |  | $ | 13 |  |  | $ | 30 |  |  | $ | 110 |
Exchange |  |  | 33 |  |  |  | 33 |  |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | — |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  |  | 359 |  |  |  | 186 |  |  |  | — |  |  |  | 173 |  |  |  | 45 |  |  |  | 6 |  |  |  | — |  |  |  | 39 |
Foreign currency exchange rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  |  | 39 |  |  |  | 5 |  |  |  | — |  |  |  | 34 |  |  |  | 39 |  |  |  | 5 |  |  |  | — |  |  |  | 34 |
Total derivatives, subject to a master netting or similar arrangement |  | $ | 697 |  |  | $ | 250 |  |  | $ | 30 |  |  | $ | 417 |  |  | $ | 240 |  |  | $ | 27 |  |  | $ | 30 |  |  | $ | 183 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  | $ | 443 |  |  | $ | 34 |  |  | $ | 71 |  |  | $ | 338 |  |  | $ | 146 |  |  | $ | 13 |  |  | $ | 71 |  |  | $ | 62 |
Exchange |  |  | 483 |  |  |  | 159 |  |  |  | 324 |  |  |  | — |  |  |  | 176 |  |  |  | — |  |  |  | 176 |  |  |  | — |
Interest rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  |  | 377 |  |  |  | 210 |  |  |  | 1 |  |  |  | 166 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | 7 |
Foreign currency exchange rate contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over-the-counter |  |  | 101 |  |  |  | 32 |  |  |  | — |  |  |  | 69 |  |  |  | 101 |  |  |  | 32 |  |  |  | — |  |  |  | 69 |
Total derivatives, subject to a master netting or similar arrangement |  | $ | 1,404 |  |  | $ | 435 |  |  | $ | 396 |  |  | $ | 573 |  |  | $ | 430 |  |  | $ | 45 |  |  | $ | 247 |  |  | $ | 138 |
(1) Excludes derivative liabilities of $76 million and $26 million at Virginia Power at December 31, 2023 and 2022, respectively, which are not subject to master netting or similar arrangements. Dominion Energy did no t have any derivative liabilities at December 31, 2023 or 2022 which were not subject to master netting or similar arrangements. Volumes The following table presents the volume of the Companies’ derivative activity as of December 31, 2023. These volumes are based on open derivative positions and represent the combined absolute value of their long and short positions, except in the case of offsetting transactions, for which they represent the absolute value of the net volume of their long and short positions.
|  | Dominion Energy |  |  | Virginia Power |
|  | Current |  |  | Noncurrent |  |  | Current |  |  | Noncurrent |
Natural Gas (bcf): |  |  |  |  |  |  |  |  |  |  |  |
Fixed price(1) |  |  | 38 |  |  |  | 14 |  |  |  | 32 |  |  |  | 14 |
Basis(1) |  |  | 179 |  |  |  | 346 |  |  |  | 141 |  |  |  | 346 |
Electricity (MWh in millions): |  |  |  |  |  |  |  |  |  |  |  |
Fixed price |  |  | 17 |  |  |  | 40 |  |  |  | 8 |  |  |  | 9 |
FTRs |  |  | 39 |  |  |  | — |  |  |  | 39 |  |  |  | — |
Interest rate(2) (in millions) |  | $ | 6,145 |  |  | $ | 10,112 |  |  | $ | 2,200 |  |  | $ | 1,050 |
Foreign currency exchange rate(2) (in millions) |  |  |  |  |  |  |  |  |  |  |  |
Danish Krone |  | 1,463 kr. |  |  | 2,707 kr. |  |  | 1,463 kr. |  |  | 2,707 kr. |
Euro |  | €548 |  |  | €1,557 |  |  | €548 |  |  | €1,557 |
(1) Includes options. (2) Maturity is determined based on final settlement period. AOCI The following table presents selected information related to gains (losses) on cash flow hedges included in AOCI in the Companies’ Consolidated Balance Sheets at December 31, 2023:
|  | Dominion Energy |  | Virginia Power
|  | AOCI After-Tax |  |  | Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax |  |  | Maximum Term |  | AOCI After-Tax |  |  | Amounts Expected to be Reclassified to Earnings During the Next 12 Months After-Tax |  |  | Maximum Term
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate |  | $ | (216 | ) |  | $ | (32 | ) |  | 384 months |  | $ | 15 |  |  | $ | — |  |  | 384 months
Total |  | $ | (216 | ) |  | $ | (32 | ) |  |  |  | $ | 15 |  |  | $ | — |  |  |
The amounts that will be reclassified from AOCI to earnings will generally be offset by the recognition of the hedged transactions (e.g., interest rate payments) in earnings, thereby achieving the realization of prices contemplated by the underlying risk management strategies and will vary from the expected amounts presented above as a result of changes in interest rates. Fair Value and Gains and Losses on Derivative Instruments The following tables present the fair values of the Companies’ derivatives and where they are presented in their Consolidated Balance Sheets:
|  | Dominion Energy |  |  | Virginia Power |
|  | Fair Value – Derivatives under Hedge Accounting |  |  | Fair Value – Derivatives not under Hedge Accounting |  |  | Total Fair Value |  |  | Fair Value – Derivatives under Hedge Accounting |  |  | Fair Value – Derivatives not under Hedge Accounting |  |  | Total Fair Value |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  | $ | — |  |  | $ | 312 |  |  | $ | 312 |  |  | $ | — |  |  | $ | 91 |  |  | $ | 91 |
Interest rate |  |  | 143 |  |  |  | 298 |  |  |  | 441 |  |  |  | 143 |  |  |  | — |  |  |  | 143 |
Total current derivative assets(1) |  |  | 143 |  |  |  | 610 |  |  |  | 753 |  |  |  | 143 |  |  |  | 91 |  |  |  | 234 |
Noncurrent Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  |  | — |  |  |  | 238 |  |  |  | 238 |  |  |  | — |  |  |  | 26 |  |  |  | 26 |
Interest rate |  |  | 38 |  |  |  | 321 |  |  |  | 359 |  |  |  | 38 |  |  |  | — |  |  |  | 38 |
Total noncurrent derivative assets(3) |  |  | 38 |  |  |  | 559 |  |  |  | 597 |  |  |  | 38 |  |  |  | 26 |  |  |  | 64 |
Total derivative assets |  | $ | 181 |  |  | $ | 1,169 |  |  | $ | 1,350 |  |  | $ | 181 |  |  | $ | 117 |  |  | $ | 298 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  | $ | — |  |  | $ | 244 |  |  | $ | 244 |  |  | $ | — |  |  | $ | 188 |  |  | $ | 188 |
Interest rate |  |  | 45 |  |  |  | 76 |  |  |  | 121 |  |  |  | 45 |  |  |  | — |  |  |  | 45 |
Foreign currency exchange rate |  |  | — |  |  |  | 11 |  |  |  | 11 |  |  |  | — |  |  |  | 11 |  |  |  | 11 |
Total current derivative liabilities(4) |  |  | 45 |  |  |  | 331 |  |  |  | 376 |  |  |  | 45 |  |  |  | 199 |  |  |  | 244 |
Noncurrent Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  |  | — |  |  |  | 55 |  |  |  | 55 |  |  |  | — |  |  |  | 44 |  |  |  | 44 |
Interest rate |  |  | — |  |  |  | 238 |  |  |  | 238 |  |  |  | — |  |  |  | — |  |  |  | — |
Foreign currency exchange rate |  |  | — |  |  |  | 28 |  |  |  | 28 |  |  |  | — |  |  |  | 28 |  |  |  | 28 |
Total noncurrent derivative liabilities(6) |  |  | — |  |  |  | 321 |  |  |  | 321 |  |  |  | — |  |  |  | 72 |  |  |  | 72 |
Total derivative liabilities |  | $ | 45 |  |  | $ | 652 |  |  | $ | 697 |  |  | $ | 45 |  |  | $ | 271 |  |  | $ | 316 |
At December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  | $ | — |  |  | $ | 532 |  |  | $ | 532 |  |  | $ | — |  |  | $ | 264 |  |  | $ | 264 |
Interest rate |  |  | 501 |  |  |  | 104 |  |  |  | 605 |  |  |  | 501 |  |  |  | — |  |  |  | 501 |
Total current derivative assets(1) |  |  | 501 |  |  |  | 636 |  |  |  | 1,137 |  |  |  | 501 |  |  |  | 264 |  |  |  | 765 |
Noncurrent Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  |  | — |  |  |  | 237 |  |  |  | 237 |  |  |  | — |  |  |  | 4 |  |  |  | 4 |
Interest rate |  |  | 113 |  |  |  | 689 |  |  |  | 802 |  |  |  | 113 |  |  |  | — |  |  |  | 113 |
Total noncurrent derivative assets(2)(3) |  |  | 113 |  |  |  | 926 |  |  |  | 1,039 |  |  |  | 113 |  |  |  | 4 |  |  |  | 117 |
Total derivative assets |  | $ | 614 |  |  | $ | 1,562 |  |  | $ | 2,176 |  |  | $ | 614 |  |  | $ | 268 |  |  | $ | 882 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  | $ | — |  |  | $ | 700 |  |  | $ | 700 |  |  | $ | — |  |  | $ | 290 |  |  | $ | 290 |
Interest rate |  |  | — |  |  |  | 70 |  |  |  | 70 |  |  |  | — |  |  |  | — |  |  |  | — |
Foreign currency exchange rate |  |  | — |  |  |  | 8 |  |  |  | 8 |  |  |  | — |  |  |  | 8 |  |  |  | 8 |
Total current derivative liabilities(4) |  |  | — |  |  |  | 778 |  |  |  | 778 |  |  |  | — |  |  |  | 298 |  |  |  | 298 |
Noncurrent Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity |  |  | — |  |  |  | 226 |  |  |  | 226 |  |  |  | — |  |  |  | 58 |  |  |  | 58 |
Interest rate |  |  | 7 |  |  |  | 300 |  |  |  | 307 |  |  |  | 7 |  |  |  | — |  |  |  | 7 |
Foreign currency exchange rate |  |  | — |  |  |  | 93 |  |  |  | 93 |  |  |  | — |  |  |  | 93 |  |  |  | 93 |
Total noncurrent derivative liabilities(5)(6) |  |  | 7 |  |  |  | 619 |  |  |  | 626 |  |  |  | 7 |  |  |  | 151 |  |  |  | 158 |
Total derivative liabilities |  | $ | 7 |  |  | $ | 1,397 |  |  | $ | 1,404 |  |  | $ | 7 |  |  | $ | 449 |  |  | $ | 456 |
(1) Includes $54 million and $118 million reported in current assets held for sale in Dominion Energy’s Consolidated Balance Sheets at December 31, 2023 and 2022, respectively. (2) Includes $1 million reported in noncurrent assets held for sale in Dominion Energy's Consolidated Balance Sheets at December 31, 2022. (3) Virginia Power’s noncurrent derivative assets are presented in other deferred charges and other assets in its Consolidated Balance Sheets. (4) Includes $30 million and $6 million reported in current liabilities held for sale in Dominion Energy’s Consolidated Balance Sheets at December 31, 2023 and 2022, respectively. (5) Includes $1 million reported in noncurrent liabilities held for sale in Dominion Energy's Consolidated Balance Sheets at December 31, 2022. (6) Virginia Power’s noncurrent derivative liabilities are presented in other deferred credits and other liabilities in its Consolidated Balance Sheets. The following tables present the gains and losses on the Companies’ derivatives, as well as where the associated activity is presented in their Consolidated Balance Sheets and Statements of Income:
|  | Dominion Energy |  |  | Virginia Power |
Derivatives in cash flow hedging relationships |  | Amount of Gain (Loss) Recognized in AOCI on Derivatives(1) |  |  | Amount of Gain (Loss) Reclassified from AOCI to Income |  |  | Increase (Decrease) in Derivatives Subject to Regulatory Treatment(2) |  |  | Amount of Gain (Loss) Recognized in AOCI on Derivatives(1) |  |  | Amount of Gain (Loss) Reclassified from AOCI to Income |  |  | Increase (Decrease) in Derivatives Subject to Regulatory Treatment(2) |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative type and location of gains (losses): |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate(3) |  | $ | (1 | ) |  | $ | (43 | ) |  | $ | 5 |  |  | $ | (1 | ) |  | $ | (1 | ) |  | $ | 4 |
Total |  | $ | (1 | ) |  | $ | (43 | ) |  | $ | 5 |  |  | $ | (1 | ) |  | $ | (1 | ) |  | $ | 4 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative type and location of gains (losses): |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate(3) |  | $ | 89 |  |  |  | (57 | ) |  | $ | 855 |  |  | $ | 80 |  |  | $ | (2 | ) |  | $ | 854 |
Total |  | $ | 89 |  |  | $ | (57 | ) |  | $ | 855 |  |  | $ | 80 |  |  | $ | (2 | ) |  | $ | 854 |
Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative type and location of gains (losses): |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity(4) |  |  |  |  | $ | (1 | ) |  |  |  |  |  |  |  |  |  |  |  |
Interest rate(3) |  | $ | 21 |  |  |  | (60 | ) |  | $ | 135 |  |  | $ | 17 |  |  | $ | (3 | ) |  | $ | 130 |
Total |  | $ | 21 |  |  | $ | (61 | ) |  | $ | 135 |  |  | $ | 17 |  |  | $ | (3 | ) |  | $ | 130 |
(1) Amounts deferred into AOCI have no associated effect in the Companies’ Consolidated Statements of Income. (2) Represents net derivative activity deferred into and amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in the Companies’ Consolidated Statements of Income. (3) Amounts recorded in the Companies’ Consolidated Statements of Income are classified in interest and related charges. (4) Amounts recorded in Dominion Energy’s Consolidated Statements of Income are classified in purchased gas.
|  | Amount of Gain (Loss) Recognized in Income on Derivatives(1)(2) |
Derivatives not designated as hedging instruments |  | Dominion Energy |  |  | Virginia Power |
Year Ended December 31, |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2023 |  |  | 2022 |  |  | 2021 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative type and location of gains (losses): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 707 |  |  | $ | (729 | ) |  | $ | (487 | ) |  | $ | 27 |  |  | $ | (303 | ) |  | $ | (62 | )
Purchased gas |  |  | — |  |  |  | 13 |  |  |  | (1 | ) |  |  |  |  |  |  |  |  |
Electric fuel and other energy-related purchases |  |  | (380 | ) |  |  | 514 |  |  |  | 16 |  |  |  | (384 | ) |  |  | 453 |  |  |  | 9 |
Discontinued operations |  |  | 86 |  |  |  | 8 |  |  |  | — |  |  |  |  |  |  |  |  |  |
Other operations & maintenance |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |
Interest rate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest and related charges |  |  | 84 |  |  |  | 406 |  |  |  | 89 |  |  |  |  |  |  |  |  |  |
Discontinued operations |  |  | 17 |  |  |  | 244 |  |  |  | 8 |  |  |  |  |  |  |  |  |  |
Total |  | $ | 516 |  |  | $ | 456 |  |  | $ | (375 | ) |  | $ | (355 | ) |  | $ | 150 |  |  | $ | (53 | )
(1) Includes derivative activity amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in the Companies’ Consolidated Statements of Income. (2) Excludes amounts related to foreign currency exchange rate derivatives that are deferred to plant under construction within property, plant and equipment and regulatory assets/liabilities that will begin to amortize once the CVOW Commercial Project is placed in service.

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- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//815/tableOfContent + Details
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