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v3.24.3

Acquisitions and Dispositions (Tables) | 9 Months Ended
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Sep. 30, 2024
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:
|  |  | Three Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2024 |
|  |  | PSNC Transaction(1) |  |  | East Ohio Transaction(1) |  | PSNC Transaction(1) |  | Questar Gas Transaction(1) |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  |  | $ | 81 |  |  | $ | 229 |  | $ | 488 |  | $ | 894 |  | $ | — |
Operating expense(2) |  |  |  | 91 |  |  |  | 254 |  |  | 312 |  |  | 746 |  |  | (8 | )
Other income (expense) |  |  |  | 5 |  |  |  | (17 | ) |  | 11 |  |  | 2 |  |  | — |
Interest and related charges |  |  |  | 16 |  |  |  | 15 |  |  | 44 |  |  | 25 |  |  | — |
Income (loss) before income taxes |  |  |  | (21 | ) |  |  | (57 | ) |  | 143 |  |  | 125 |  |  | 8 |
Income tax expense (benefit) |  |  |  | (9 | ) |  |  | 9 |  |  | 44 |  |  | 46 |  |  | — |
Net income (loss) attributable to Dominion Energy(3) |  |  | $ | (12 | ) |  | $ | (66 | ) | $ | 99 |  | $ | 79 |  | $ | 8 |
(1) Represents amounts attributable to Dominion Energy prior to the closing of the East Ohio Transaction which closed on March 6, 2024, the PSNC Transaction which closed on September 30, 2024 and the Questar Gas Transaction which closed on May 31, 2024. (2) East Ohio Transaction includes a charge of $45 million ($33 million after-tax) associated with an increase to certain pension retirement benefits attributable to a plan amendment and a contribution to the defined contribution employee savings plan. See Note 20 for further information on these transactions. (3) Excludes $2 million and $(71) million of income tax expense (benefit) attributable to consolidated state adjustments for the three and nine months ended September 30, 2024, respectively.
|  | 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.
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 |
|  |  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |
Current assets(1) |  |  | $ | 497 |  | $ | 336 |  | $ | 764 |  | $ | 1 |
Property, plant and equipment, net |  |  |  | 5,443 |  |  | 2,806 |  |  | 4,369 |  |  | 26 |
Other deferred charges and other assets, including goodwill(2) and intangible assets |  |  |  | 2,659 |  |  | 834 |  |  | 766 |  |  | — |
Current liabilities(3) |  |  |  | 560 |  |  | 224 |  |  | 389 |  |  | 7 |
Long-term debt |  |  |  | 2,286 |  |  | 948 |  |  | 1,205 |  |  | — |
Other deferred credits and liabilities(4) |  |  |  | 1,437 |  |  | 711 |  |  | 1,116 |  |  | 2 |
(1) Includes cash and cash equivalents of $4 million and regulatory assets of $75 million within the East Ohio Transaction, cash and cash equivalents of $2 million and regulatory assets of $89 million within the PSNC Transaction and cash and cash equivalents of $26 million and regulatory assets of $297 million within the Questar Gas Transaction at December 31, 2023. (2) Includes goodwill of $1.5 billion and regulatory assets of $781 million within the East Ohio Transaction, goodwill of $673 million and regulatory assets of $86 million within the PSNC Transaction and goodwill of $720 million and regulatory assets of $(39) million within the Questar Gas Transaction at December 31, 2023. (3) Includes regulatory liabilities of $54 million within the East Ohio Transaction, $44 million within the PSNC Transaction and $55 million within the Questar Gas Transaction at December 31, 2023. (4) Includes regulatory liabilities of $711 million within the East Ohio Transaction, $435 million within the PSNC Transaction and $502 million within the Questar Gas Transaction at December 31, 2023.
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, 2024 |  | Nine Months Ended September 30, 2023 |
| East Ohio Transaction(1) |  | PSNC Transaction(1) |  | Questar Gas Transaction(1) |  | Other |  | East Ohio Transaction |  | PSNC Transaction |  | Questar Gas Transaction |  | Other |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | $ | 65 |  | $ | 287 |  | $ | 160 |  | $ | — |  | $ | 355 |  | $ | 153 |  | $ | 290 |  | $ | — |
Significant noncash items |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, depletion and amortization |  | — |  |  | — |  |  | — |  |  | — |  |  | 109 |  |  | 67 |  |  | 130 |  |  | 2 |
Accrued capital expenditures |  |  |  |  |  |  |  |  |  | 53 |  |  | 22 |  |  | 33 |  |  | — |
(1) Represents amounts attributable to Dominion Energy prior to the closing of the East Ohio Transaction which closed on March 6, 2024, the PSNC Transaction which closed on September 30, 2024 and the Questar Gas Transaction which closed on May 31, 2024, respectively.

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