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Regulatory Matters (Tables) | 6 Months Ended
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Jun. 30, 2025
Public Utilities General Disclosures [Line Items] |
Summary of Significant Virginia Power Electric Transmission Projects Applied |
Description and Location of Project |  | Application Date |  | Approval Date |  | Type of Line |  | Miles of Lines |  | Cost Estimate (millions)(1) |
Construct new Aspen and Golden substations, transmission lines and related projects in Loudoun County, Virginia |  | March 2024 |  | February 2025(2) |  | 500- 230 kV |  | 10 |  | $ | 705 |
Construct new Apollo-Twin Creek transmission lines, new substations and related projects in Loudoun County, Virginia |  | March 2024 |  | February 2025(2) |  | 230 kV |  | 2 |  |  | 285 |
Rebuild and construct new Fentress-Yadkin transmission lines and related projects in the City of Chesapeake, Virginia |  | June 2024 |  | February 2025 |  | 500 kV |  | 14 |  |  | 205 |
Partial rebuild, reconductor and construct new Network Takeoff transmission lines and related projects in the Counties of Fairfax and Loudoun, Virginia |  | July 2024 |  | March 2025 |  | 230 kV |  | 6 |  |  | 170 |
Rebuild Aquia Harbour-Possum Point transmission lines and related projects in the Counties of Stafford and Prince William and the City of Fredericksburg, Virginia |  | August 2024 |  | March 2025 |  | 500- 230 kV |  | 32 |  |  | 210 |
Partial rebuild, reconductor and construct new New Post transmission lines and related projects in the Counties of Caroline and Spotsylvania, Virginia |  | August 2024 |  | May 2025 |  | 230 kV |  | 38 |  |  | 120 |
Construct new Centreport transmission line, substation and related projects in Stafford County, Virginia |  | September 2024 |  | June 2025 |  | 230 kV |  | 3 |  |  | 55 |
Partial rebuild and construct new Meadowville transmission lines, substations and related projects in Chesterfield County, Virginia |  | October 2024 |  | June 2025 |  | 230 kV |  | 11 |  |  | 190 |
Construct new Technology Boulevard transmission lines, substation and related projects in Henrico County, Virginia |  | March 2025 |  | Pending |  | 230 kV |  | 5 |  |  | 60 |
Construct new Hornbaker transmission lines, switching station and related projects in Prince William County, Virginia |  | March 2025 |  | Pending |  | 230 kV |  | 5 |  |  | 95 |
Construct new Golden-Mars transmission lines and related projects in Loudoun County, Virginia |  | March 2025 |  | Pending |  | 500- 230 kV |  | 11 |  |  | 525 |
Construct new Duval-Midlothian transmission lines, substation and related projects in Chesterfield County, Virginia |  | April 2025 |  | Pending |  | 230 kV |  | 7 |  |  | 125 |
Rebuild Chickahominy-Elmont transmission line, new future transmission line and related projects in the Counties of Charles City, Henrico and Hanover, Virginia |  | May 2025 |  | Pending |  | 500- 230 kV |  | 28 |  |  | 190 |
Rebuild Septa-Yadkin transmission line, partial rebuild of Suffolk-Thrasher transmission line and related projects in Isle of Wight County and the Cities of Chesapeake and Suffolk, Virginia |  | June 2025 |  | Pending |  | 500- 230 kV |  | 33 |  |  | 250 |
(1) Represents the cost estimate included in the application except as updated in the approval if applicable. In addition, Virginia Power had various other transmission projects approved during 2025 or applied for and currently pending approval with aggregate cost estimates of approximately $32 million and $33 million, respectively. (2) The final order of the Virginia Commission has been appealed to the Supreme Court of Virginia. This matter is pending.
Virginia Electric and Power Company |
Public Utilities General Disclosures [Line Items] |
Significant Riders Associated With Virginia Power Projects |
Rider Name |  | Application Date |  | Approval Date |  | Rate Year Beginning |  | Total Revenue Requirement (millions)(1) |  |  | Increase (Decrease) from Previous (millions) |
Rider CCR(2) |  | April 2025 |  | Pending |  | January 2026 |  | $ | 166 |  |  | $ | 63 |
Rider CE(3) |  | October 2024 |  | April 2025 |  | May 2025 |  |  | 182 |  |  |  | 49 |
Rider DIST(4) |  | August 2024 |  | May 2025 |  | June 2025 |  |  | 267 |  |  | N/A |
Rider GEN(5) |  | June 2024 |  | February 2025 |  | April 2025 |  |  | 438 |  |  | N/A |
Rider GEN |  | June 2024 |  | February 2025 |  | April 2026 |  |  | 311 |  |  |  | (127 | )
Rider SNA(6) |  | October 2024 |  | July 2025 |  | September 2025 |  |  | 207 |  |  |  | 138 |
Rider T1(7) |  | May 2025 |  | Pending |  | September 2025 |  |  | 1,343 |  |  |  | 173 |
(1) In addition, Virginia Power has riders associated with other projects with a total annual revenue requirement of $42 million and a pending application associated with the Chesterfield Energy Reliability Center described above, which if approved would result in a net annual revenue requirement increase of $36 million. (2) In connection with this application, Virginia Power also requests to extend existing rates for Rider CCR by one month through December 2025. (3) Associated with two solar generation projects, two small-scale solar projects and 19 purchased power agreements in addition to previously approved Rider CE projects. (4) Rider DIST includes $100 million in total revenue requirement for certain previously approved electric distribution grid transformation projects and $167 million for previously approved phases and proposed phase eight of certain new underground distribution facilities. Rider DIST also results in the consolidation of, and ceases the separate collection of rates under, Riders GT and U effective June 1, 2025. (5) Rider GEN includes $348 million in total revenue requirement related to the consolidation of Riders BW, GV and four other riders associated with generation facilities, ceasing the separate collection of rates under these riders effective April 1, 2025 and the extension of existing rates for Rider BW through March 2025. In addition, Virginia Power also received approval to recover costs associated with the Virginia LNG Storage Facility through Rider GEN described in Note 13 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024. (6) The Virginia Commission also approved Virginia Power’s request for cost recovery of approximately $1.7 billion through Rider SNA for the second phase of the nuclear life extension program which includes investments for calendar years 2025 through 2027. (7) Consists of $561 million for the transmission component of Virginia Power’s base rates and $782 million for Rider T1.

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