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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

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,		2024				2023				2024				2023
(millions)
Utility:
Generation		$	26,854			$	24,903			$	20,219			$	18,580
Transmission			17,856				16,540				15,514				14,268
Distribution			23,572				21,836				17,261				15,934
Nuclear fuel			2,393				2,424				1,823				1,815
General and other			1,865				1,758				1,134				1,036
Plant under construction(1)			13,816				8,230				12,826				7,548
Total utility			86,356				75,691				68,777				59,181
Non-jurisdictional - including plant under construction			1,763				1,772				1,763				1,772
Nonutility:
Nonregulated generation-nuclear			1,962				1,855				—				—
Nonregulated generation-solar			1,207				945				—				—
Nuclear fuel			1,173				1,009				—				—
Other-including plant under construction			2,383				2,145				10				10
Total nonutility			6,725				5,954				10				10
Total property, plant and equipment		$	94,844			$	83,417			$	70,550			$	60,963

(1)Includes $5.8 billion and $2.9 billion of costs associated with the CVOW Commercial Project at December 31, 2024 and 2023, respectively. The amount at December 31, 2024 is net of $206 million of costs not expected to be recovered from customers.

Schedule of Jointly Owned Utility Plants

The Companies’ proportionate share of jointly-owned power stations at December 31, 2024 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			1,069				2,906				616				1,528				1,598
Accumulated depreciation			(774	)			(1,403	)			(312	)			(628	)			(755	)
Nuclear fuel			—				767				—				619				570
Accumulated amortization of nuclear fuel			—				(620	)			—				(475	)			(345	)
Plant under construction			12				408				9				93				58

(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

Date Agreement Entered

Date Agreement Closed

Project Location

Project Cost (millions)(1)

Date of Commercial Operations

MW Capacity

Ft. Powhatan

June 2019

June 2019

Virginia

$

267

January 2022

150

Maplewood

October 2019

October 2019

Virginia

210

December 2022

120

Pumpkinseed

May 2020

May 2020

Virginia

138

September 2022

60

(1)Includes acquisition costs.

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 tax credits on the projects.

Project Name

Date Agreement Entered

Date Agreement Closed

Project Location

Project Cost (millions)(1)

Date of Commercial Operations

MW Capacity

Madison(2)

July 2020

July 2020

Virginia

165

N/A

62

Hardin II

August 2020

Terminated(3)

Atlanta Farms

March 2022

May 2022

Ohio

390

January 2025(4)

200

Foxhound

March 2023

February 2024

Virginia

195

April 2024(4)

83

(1)Includes acquisition costs.

(2)Madison was reflected in the Corporate and Other segment before its sale 2024. See Note 3 for discussion.

(3)In January 2023, Dominion Energy terminated its agreement, without penalty, to acquire Hardin II.

(4)Dominion Energy expects to claim production tax credits on the energy generated and sold by these projects.

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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