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Regulatory Assets and Liabilities (Schedule of Regulatory Assets) (Detail) - USD ($) $ in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2025 | Dec. 31, 2024
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [1] | $ 996 | $ 992 | [2]
Regulatory assets-noncurrent | [1] | 8,341 | 8,288 | [2]
Total regulatory assets |  | 9,337 | 9,280 |
Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [3] | 659 | 697 | [4]
Regulatory assets-noncurrent | [3] | 4,565 | 4,537 | [4]
Total regulatory assets |  | $ 5,224 | 5,234 |
Weighted Average |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Weighted average useful life |  | 25 years |  |
Weighted Average | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Weighted average useful life |  | 24 years |  |
SCANA |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Electric service customers over period |  | 20 years |  |
Deferred cost of fuel used in electric generation |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [5] | $ 92 | 38 |
Regulatory assets-noncurrent | [5] | 146 | 0 |
Deferred cost of fuel used in electric generation | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [5] | 0 | 3 |
Regulatory assets-noncurrent | [5] | 146 | 0 |
Securitized cost of fuel used in electric generation |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [6] | 119 | 124 |
Regulatory assets-noncurrent | [6] | 998 | 1,040 |
Securitized cost of fuel used in electric generation | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [6] | 119 | 124 |
Regulatory assets-noncurrent | [6] | 998 | 1,040 |
Deferred rider costs for Virginia electric utility |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [7] | 246 | 293 |
Regulatory assets-noncurrent | [7] | 621 | 651 |
Deferred rider costs for Virginia electric utility | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [7] | 246 | 293 |
Regulatory assets-noncurrent | [7] | 621 | 651 |
Ash pond and landfill closure costs |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [8] | $ 112 | 108 |
Regulatory assets expected collection period commencing year |  | 2021 |  |
Ash pond and landfill closure costs | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [8] | $ 112 | 108 |
Ash pond and landfill closure costs | Minimum |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets amounts expected collection period |  | 15 years |  |
Ash pond and landfill closure costs | Maximum |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets amounts expected collection period |  | 18 years |  |
Deferred nuclear refueling outage costs |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [9] | $ 89 | 97 |
Deferred nuclear refueling outage costs | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [9] | 79 | 80 |
NND Project Costs |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [10] | 138 | 138 |
Regulatory assets-noncurrent | [10] | 1,776 | 1,811 |
CCR Remediation, Ash Pond and Landfill Closure Cost |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [8] | 2,903 | 2,898 |
CCR Remediation, Ash Pond and Landfill Closure Cost | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [8] | 2,560 | 2,560 |
Derivatives |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [11] | 36 | 8 |
Regulatory assets-noncurrent | [11] | 137 | 182 |
Derivatives | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current | [11] | 34 | 6 |
Regulatory assets-noncurrent | [11] | 103 | 148 |
Other |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current |  | 164 | 186 |
Regulatory assets-noncurrent |  | 716 | 666 |
Other | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-current |  | 69 | 83 |
Regulatory assets-noncurrent |  | 137 | 138 |
Unrecognized Pension and Other Postretirement Benefit Costs |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [12] | 486 | 486 |
Unrecognized Pension and Other Postretirement Benefit Costs | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [12] | 0 | 0 |
Interest rate hedges |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [13] | 167 | 167 |
Interest rate hedges | Virginia Electric and Power Company |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [13] | 0 | 0 |
AROs and related funding |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Regulatory assets-noncurrent | [14] | $ 391 | $ 387 |
Amortization period for deferred costs |  | 105 years |  |
Deferred Project Costs | Maximum |  |  |  |
Regulatory Assets [Line Items] |  |  |  |
Amortization period for deferred costs |  | 18 months |  |
[1] | See Note 15 for amounts attributable to VIEs.
[2] | Dominion Energy’s Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Balance Sheet at that date.
[3] | See Note 15 for amounts attributable to VIEs.
[4] | Virginia Power’s Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Balance Sheet at that date.
[5] | Reflects deferred fuel expenses for the Virginia and North Carolina jurisdictions of Virginia Power’s electric generation operations. A dditionally, Dominion Energy includes deferred fuel expenses for the South Carolina jurisdiction of its electric generation operations.
[6] | Reflects under-recovered fuel costs for Virginia Power’s Virginia service territory securitized through the issuance of bonds by VPFS in February 2024. See Notes 13 and 18 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024 for additional information.
[7] | Reflects deferrals under Virginia Power’s electric transmission FERC formula rate and the deferral of costs associated with certain current and prospective rider projects.
[8] | Primarily reflects legislation in Virginia which requires any CCR asset located at certain Virginia Power stations to be closed by removing the CCR to an approved landfill or through beneficial reuse. These deferred costs are expected to be collected over a period between 15 and 18 years commencing December 2021 through Rider CCR. Virginia Power is entitled to collect carrying costs on uncollected expenditures once expenditures have been made. In addition, the balance reflects amounts related to the EPA’s May 2024 final rule concerning CCR as discussed in Note 14 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024.
[9] | Primarily reflects deferred operation and maintenance costs at Virginia Power incurred in connection with the refueling of any nuclear-powered generating plant as required by Virginia legislation. Virginia Power deferred costs will be amortized over the refueling cycle, not to exceed 18 months.
[10] | Reflects expenditures by DESC associated with the NND Project, which pursuant to the SCANA Merger Approval Order, will be recovered from DESC electric service customers over a 20-year period ending in 2039.
[11] | Represents changes in the fair value of derivatives, excluding separately presented interest rate hedges, that following settlement are expected to be recovered from or refunded to customers.
[12] | Represents unrecognized pension and other postretirement employee benefit costs expected to be recovered or refunded through future rates generally over the expected remaining service period of plan participants by certain of Dominion Energy’s rate-regulated subsidiaries.
[13] | Reflects interest rate hedges recoverable from or refundable to customers. Certain of these instruments are settled and any related payments are being amortized into interest expense over the life of the related debt, which has a weighted-average useful life of approximately 25 years and 24 years for Dominion Energy and Virginia Power, respectively, as of March 31, 2025.
[14] | Represents uncollected costs, including deferred depreciation and accretion expense, related to legal obligations associated with the future retirement of generation, transmission and distribution properties. The AROs primarily relate to DESC’s electric generating facilities, including Summer, and are expected to be recovered over the related property lives and periods of decommissioning which may range up to approximately 105 years.

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- Definition Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are expected to be recovered through revenue sources within one year or the normal operating cycle, if longer. Such costs are capitalized if they meet both of the following criteria: a. It is probable that future revenue in an amount at least equal to the capitalized cost will result from inclusion of that cost in allowable costs for rate-making purposes. b. Based on available evidence, the future revenue will be provided to permit recovery of the previously incurred cost rather than to provide for expected levels of similar future costs. If the revenue will be provided through an automatic rate-adjustment clause, this criterion requires that the regulator's intent clearly be to permit recovery of the previously incurred cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 980 -SubTopic 340 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478742/980-340-50-1 + Details
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