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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income including noncontrolling interests $ 2,071 $ 2,031 $ 1,191
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 2,639 3,128 3,113
Deferred income taxes (302) 1,474 58
Deferred investment tax credits (benefits) (32) (37) 141
Impairment of assets and other charges 639 695 1,435
Losses (gains) on the East Ohio, Questar Gas and PSNC Transactions 130 0 0
Losses (gains) on sales of assets and equity method investments (including Cove Point) 0 (657) 467
Net (gains) losses on nuclear decommissioning trusts funds and other investments (669) (474) 505
Other adjustments 18 378 (62)
Changes in:      
Accounts receivable 208 147 (985)
Inventories (87) (198) (216)
Deferred fuel and purchased gas costs, net 727 975 (2,021)
Prepayments and deposits, net (108) 516 145
Accounts payable 76 (506) 556
Accrued interest, payroll and taxes (85) 175 41
Net realized and unrealized changes related to derivative activities 236 (35) (47)
Pension and other postretirement benefits (208) (476) (274)
Other operating assets and liabilities (235) (564) (347)
Net cash provided by operating activities 5,018 6,572 3,700
Investing Activities      
Plant construction and other property additions (including nuclear fuel) (12,198) (10,211) (7,591)
Acquisition of solar development projects (229) (24) (167)
Proceeds from sale of noncontrolling interest in Cove Point 0 3,293 0
Proceeds from sale of Hope 0 0 727
Proceeds from East Ohio, Questar Gas and PSNC Transactions 9,243 0 0
Proceeds from sales of securities 3,072 2,966 3,282
Purchases of securities (3,213) (3,152) (3,067)
Proceeds from sales of assets 35 47 252
Contributions to equity method affiliates (20) (104) (43)
Distributions from equity method affiliates 126 1 3
Short-term deposit 0 0 (2,000)
Return of short-term deposit 0 0 2,000
Other 1 (23) (142)
Net cash used in investing activities (3,183) (7,207) (6,746)
Financing Activities      
Issuance (repayment) of short-term debt, net (1,456) 533 1,109
364-day term loan facility borrowings 3,000 5,725 0
Repayment of 364-day term loan facility borrowings (7,750) (975) 0
Issuance and remarketing of long-term debt 5,993 3,310 4,965
Repayment and repurchase of long-term debt (2,740) (5,673) (1,388)
Issuance of securitization bonds 1,282 0 0
Repayment of securitization bonds (65) 0 0
Supplemental credit facility borrowings 0 900 900
Supplemental credit facility repayments (450) (900) (450)
Proceeds from sale of noncontrolling interest in OSWP 2,558 0 0
Contributions from Stonepeak to OSWP 377 0 0
Series B Preferred Stock repurchase and redemption (801) 0 0
Series A Preferred Stock redemption 0 0 (1,610)
Issuance of common stock 732 94 1,866
Common dividend payments (2,239) (2,233) (2,209)
Other (212) (186) (204)
Net cash provided by financing activities (1,771) 595 2,979
Increase (decrease) in cash, restricted cash and equivalents 64 (40) (67)
Cash, restricted cash and equivalents at beginning of period 301 341 408
Cash, restricted cash and equivalents at end of period 365 301 341
Virginia Electric and Power Company      
Operating Activities      
Net income including noncontrolling interests 1,857 1,452 1,112
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:      
Depreciation, depletion and amortization (including nuclear fuel) 1,802 2,034 1,892
Deferred income taxes 384 504 141
Deferred investment tax credits (benefits) (20) (5) 153
Impairment of assets and other charges 292 130 493
Net (gains) losses on nuclear decommissioning trusts funds and other investments (97) (68) 66
Other adjustments (44) 237 (42)
Changes in:      
Accounts receivable 51 1 (629)
Affiliated receivables and payables 46 (188) 165
Inventories (65) (165) (71)
Deferred fuel and purchased gas costs, net 304 538 (1,393)
Prepayments and deposits, net 34 289 (150)
Accounts payable (21) (43) 145
Accrued interest, payroll and taxes 73 23 (4)
Net realized and unrealized changes related to derivative activities 153 451 109
Other operating assets and liabilities (163) (375) (159)
Net cash provided by operating activities 4,586 4,815 1,828
Investing Activities      
Acquisition of solar development projects (40) (24) (77)
Plant construction and other property additions (9,760) (6,978) (4,909)
Purchases of nuclear fuel (168) (194) (201)
Proceeds from sales of securities 1,925 1,876 1,538
Purchases of securities (2,011) (1,987) (1,580)
Other 8 19 34
Net cash used in investing activities (10,046) (7,288) (5,195)
Financing Activities      
Issuance (repayment) of short-term debt, net 495 (486) 196
Issuance and remarketing of long-term debt 2,443 2,660 2,338
Issuance (repayment) of affiliated current borrowings, net 0 (1,524) 1,325
Repayment and repurchase of long-term debt (593) (1,308) (438)
Issuance of securitization bonds 1,282 0 0
Repayment of securitization bonds (65) 0 0
Proceeds from sale of noncontrolling interest in OSWP 2,558 0 0
Contributions from Stonepeak to OSWP 377    
Issuance of common stock 0 3,250 0
Common dividend payments (850) 0 0
Other (71) (53) (56)
Net cash provided by financing activities 5,576 2,539 3,365
Increase (decrease) in cash, restricted cash and equivalents 116 66 (2)
Cash, restricted cash and equivalents at beginning of period 90 24 26
Cash, restricted cash and equivalents at end of period $ 206 $ 90 $ 24