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Property, Plant and Equipment (Tables) | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment | Major classes of property, plant and equipment and their respective balances for the Companies are as follows:
|  | Dominion Energy |  |  | Virginia Power |
At December 31, |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Utility: |  |  |  |  |  |  |  |  |  |  |  |
Generation |  | $ | 24,903 |  |  | $ | 23,720 |  |  | $ | 18,580 |  |  | $ | 17,611 |
Transmission |  |  | 16,540 |  |  |  | 15,179 |  |  |  | 14,268 |  |  |  | 13,034 |
Distribution |  |  | 21,836 |  |  |  | 20,154 |  |  |  | 15,934 |  |  |  | 14,681 |
Nuclear fuel |  |  | 2,424 |  |  |  | 2,373 |  |  |  | 1,815 |  |  |  | 1,823 |
General and other |  |  | 1,758 |  |  |  | 1,701 |  |  |  | 1,036 |  |  |  | 1,019 |
Plant under construction(1)(2) |  |  | 8,230 |  |  |  | 5,308 |  |  |  | 7,548 |  |  |  | 4,685 |
Total utility |  |  | 75,691 |  |  |  | 68,435 |  |  |  | 59,181 |  |  |  | 52,853 |
Non-jurisdictional - including plant under construction(2) |  |  | 1,772 |  |  |  | 1,834 |  |  |  | 1,772 |  |  |  | 1,834 |
Nonutility: |  |  |  |  |  |  |  |  |  |  |  |
Nonregulated generation-nuclear |  |  | 1,855 |  |  |  | 1,935 |  |  |  | — |  |  |  | — |
Nonregulated generation-solar |  |  | 945 |  |  |  | 944 |  |  |  | — |  |  |  | — |
Nuclear fuel |  |  | 1,009 |  |  |  | 954 |  |  |  | — |  |  |  | — |
Other-including plant under construction |  |  | 2,145 |  |  |  | 1,606 |  |  |  | 10 |  |  |  | 10 |
Total nonutility |  |  | 5,954 |  |  |  | 5,439 |  |  |  | 10 |  |  |  | 10 |
Total property, plant and equipment |  | $ | 83,417 |  |  | $ | 75,708 |  |  | $ | 60,963 |  |  | $ | 54,697 |
(1) Includes $2.9 billion associated with the CVOW Commercial Project. Virginia Power’s February 2024 construction progress filing with the Virginia Commission included an estimated total project cost of $9.8 billion, excluding financing costs. In accordance with the Virginia Commission’s order in December 2022, the Companies are subject to a cost sharing mechanism in which Virginia Power will be eligible to recover 50% of such incremental costs which fall between $10.3 billion and $11.3 billion with no recovery of such incremental costs which fall between $11.3 billion and $13.7 billion. There is no cost sharing mechanism for any total construction costs in excess of $13.7 billion, the recovery of which would be determined in a future Virginia Commission proceeding. (2) During 2023, Virginia Power determined the Bookers Mill solar project under development will be utilized to support its utility customers and included the project in its most recent Rider CE application. See Note 13 for additional information.
Schedule of Jointly Owned Utility Plants | The Companies’ proportionate share of jointly-owned power stations at December 31, 2023 is as follows:
|  | Bath County Pumped Storage Station(1) |  |  | North Anna Units 1 and 2(1) |  |  | Clover Power Station(1) |  |  | Millstone Unit 3(2) |  |  | Summer Unit 1 (2) |
(millions, except percentages) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ownership interest |  |  | 60 | % |  |  | 88.4 | % |  |  | 50 | % |  |  | 93.5 | % |  |  | 66.7 | %
Plant in service |  |  | 1,066 |  |  |  | 2,632 |  |  |  | 612 |  |  |  | 1,513 |  |  |  | 1,557 |
Accumulated depreciation |  |  | (766 | ) |  |  | (1,455 | ) |  |  | (302 | ) |  |  | (604 | ) |  |  | (744 | )
Nuclear fuel |  |  | — |  |  |  | 787 |  |  |  | — |  |  |  | 540 |  |  |  | 609 |
Accumulated amortization of nuclear fuel |  |  | — |  |  |  | (619 | ) |  |  | — |  |  |  | (412 | ) |  |  | (380 | )
Plant under construction |  |  | 9 |  |  |  | 337 |  |  |  | 2 |  |  |  | 81 |  |  |  | 87 |
(1) Units jointly owned by Virginia Power. (2) Units jointly owned by Dominion Energy.
Virginia Electric and Power Company |
Schedule of Nonregulated Solar Projects | The following table presents acquisitions by Virginia Power of non-jurisdictional solar projects (reflected in Dominion Energy Virginia). Virginia Power has claimed federal investment tax credits on the projects, except as otherwise noted.
Project Name(1) |  | Date Agreement Entered |  | Date Agreement Closed |  | Project Location |  | Project Cost (millions)(2) |  |  | Date of Commercial Operations |  | MW Capacity |
Ft. Powhatan |  | June 2019 |  | June 2019 |  | Virginia |  | $ | 267 |  |  | January 2022 |  |  | 150 |
Belcher(3) |  | June 2019 |  | August 2019 |  | Virginia |  |  | 164 |  |  | June 2021 |  |  | 88 |
Bedford |  | August 2019 |  | November 2019 |  | Virginia |  |  | 106 |  |  | November 2021 |  |  | 70 |
Maplewood |  | October 2019 |  | October 2019 |  | Virginia |  |  | 210 |  |  | December 2022 |  |  | 120 |
Rochambeau |  | December 2019 |  | January 2020 |  | Virginia |  |  | 35 |  |  | December 2021 |  |  | 20 |
Pumpkinseed |  | May 2020 |  | May 2020 |  | Virginia |  |  | 138 |  |  | September 2022 |  |  | 60 |
(1) During 2023, Virginia Power determined the Bookers Mill solar project under development will be utilized to support its utility customers and included the project in its most recent Rider CE application. See Note 13 for additional information. (2) Includes acquisition costs. (3) Referred to as Desper once placed in service.
Dominion Energy |
Schedule of Nonregulated Solar Projects | In addition, the following table presents acquisitions by Dominion Energy of solar projects (reflected in Contracted Energy unless otherwise noted). Dominion Energy has claimed or expects to claim federal investment tax credits on the projects, except as otherwise noted.
Project Name |  | Date Agreement Entered |  | Date Agreement Closed |  | Project Location |  | Project Cost (millions)(1) |  |  | Date of Commercial Operations |  | MW Capacity |
Yemassee |  | May 2020 |  | August 2020 |  | South Carolina |  | $ | 17 |  |  | January 2021 |  |  | 10 |
Trask |  | May 2020 |  | October 2020 |  | South Carolina |  |  | 22 |  |  | March 2021 |  |  | 12 |
Hardin I |  | June 2020 |  | June 2020 |  | Ohio |  |  | 240 |  |  | Split(2) |  |  | 150 |
Madison |  | July 2020 |  | July 2020 |  | Virginia |  |  | 165 |  |  | Expected 2024(3)(4) |  |  | 62 |
Hardin II |  | August 2020 |  | Terminated(5) |  |  |  |  |  |  |  |  |  |
Atlanta Farms |  | March 2022 |  | May 2022 |  | Ohio |  |  | 390 |  |  | Expected 2024(3) |  |  | 200 |
Foxhound |  | March 2023 |  | February 2024 |  | Virginia |  |  | 205 |  |  | Expected 2024(3) |  |  | 83 |
(1) Includes acquisition costs. (2) In December 2020 and January 2021, 97 MW and 53 MW of the project commenced commercial operations, respectively. (3) Dominion Energy expects to claim production tax credits on the energy generated and sold by project. (4) Madison is reflected in the Corporate and Other segment effective December 2023. (5) In January 2023, Dominion Energy terminated its agreement, without penalty, to acquire Hardin II.

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