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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Assets      
Cash and cash equivalents [1] $ 932 $ 310 [2]  
Customer receivables (less allowance for doubtful accounts) [1] 2,285 2,169 [2]  
Other receivables (less allowance for doubtful accounts) 253 358 [2]  
Inventories 1,894 1,764 [2]  
Regulatory assets [1] 1,430 992 [2]  
Derivative assets 286 436 [2]  
Prepayments [1] 802 315 [2]  
Other [1] 340 269 [2]  
Total current assets 8,222 6,613 [2]  
Investments      
Nuclear decommissioning trust funds 8,945 8,051 [2]  
Investment in equity method affiliates 138 [3] 138 [2]  
Other 373 361 [2]  
Total investments 9,456 8,550 [2]  
Property, Plant and Equipment      
Property, plant and equipment [1] 103,076 94,844 [2]  
Accumulated depreciation and amortization (27,266) (25,982) [2]  
Total property, plant and equipment, net 75,810 68,862 [2]  
Deferred Charges and Other Assets      
Goodwill 4,143 4,143 [2]  
Regulatory assets [1] 8,012 8,288 [2]  
Derivative assets 464 963 [2]  
Intangible assets, net 1,455 1,136 [2]  
Other [1] 4,035 3,860 [2]  
Total deferred charges and other assets 18,109 18,390 [2]  
Total assets 111,597 102,415 [2]  
Current Liabilities      
Securities due within one year [4] 2,736 1,725 [5]  
Short-term debt 2,522 2,500 [5]  
Accounts payable [1] 1,007 1,149 [5]  
Accrued interest, payroll and taxes [4] 1,209 1,045 [5]  
Derivative liabilities 69 207 [5]  
Regulatory liabilities 533 579 [5]  
Supplemental credit facility borrowings 0 0 [5]  
Other [4],[6] 1,655 2,084 [5]  
Total current liabilities 9,731 9,289 [5]  
Long-Term Debt      
Long-term debt 37,179 33,034 [5]  
Securitization bonds [4] 969 1,054 [5]  
Junior subordinated notes 4,731 3,223 [5]  
Supplemental credit facility borrowings 0 0 [5]  
Other 412 214 [5]  
Total long-term debt 43,291 37,525 [5]  
Deferred Credits and Other Liabilities      
Deferred income taxes 7,744 7,135 [5]  
Deferred investment tax credits 1,380 1,070 [5]  
Regulatory liabilities 8,768 8,761 [5]  
Derivative liabilities 198 305 [5]  
Other [4] 8,759 8,528 [5]  
Total deferred credits and other liabilities 26,849 25,799 [5]  
Total liabilities 79,871 72,613 [5]  
Commitments and Contingencies (see Note 17)  
Shareholders' Equity      
Preferred stock (see Note 16) 991 991 [5]  
Common stock - no par [7] 24,506 24,383 [5]  
Retained earnings 2,333 1,641 [5]  
Accumulated other comprehensive (loss) income (139) (152) [5]  
Shareholders' equity 27,691 26,863 [5]  
Noncontrolling interests 4,035 2,939 [5]  
Total equity 31,726 29,802 [5] 27,264
Total liabilities and equity 111,597 102,415 [5]  
Virginia Electric and Power Company      
Current Assets      
Cash and cash equivalents 646 [8] 160 [8],[9] 90
Customer receivables (less allowance for doubtful accounts) [8] 1,759 1,612 [9]  
Other receivables (less allowance for doubtful accounts) 112 168 [9]  
Affiliated receivables 53 27 [9]  
Inventories 1,213 1,148 [9]  
Regulatory assets [8] 1,140 697 [9]  
Derivative assets [10] 192 248 [9]  
Other [8] 261 194 [9]  
Total current assets 5,376 4,254 [9]  
Investments      
Nuclear decommissioning trust funds 4,745 4,286 [9]  
Other 4 4 [9]  
Total investments 4,749 4,290 [9]  
Property, Plant and Equipment      
Property, plant and equipment [8] 77,185 70,550 [9]  
Accumulated depreciation and amortization (18,996) (18,033) [9]  
Total property, plant and equipment, net 58,189 52,517 [9]  
Deferred Charges and Other Assets      
Regulatory assets [8] 4,283 4,537 [9]  
Derivative assets [10] 112 127 [9]  
Other [8],[10] 3,196 2,662 [9]  
Total deferred charges and other assets 7,591 7,326 [9]  
Total assets 75,905 68,387 [9]  
Current Liabilities      
Securities due within one year [8] 959 548 [9]  
Short-term debt 0 950 [9]  
Accounts payable [8] 655 660 [9]  
Payables to affiliates 127 133 [9]  
Affiliated current borrowings 0 500 [9]  
Accrued dividend [11] 0 407  
Accrued interest, payroll and taxes [8] 509 366 [9]  
Derivative liabilities [10] 28 139  
Regulatory liabilities 358 385 [9]  
Other [8],[10] 1,382 1,549 [9]  
Total current liabilities 4,018 5,637 [9]  
Long-Term Debt      
Long-term debt 21,048 18,874 [9]  
Securitization bonds [8] 969 1,054 [9]  
Other 145 110 [9]  
Total long-term debt 22,162 20,038 [9]  
Deferred Credits and Other Liabilities      
Deferred income taxes 4,852 4,476 [9]  
Deferred investment tax credits 622 640 [9]  
Regulatory liabilities 6,236 6,139 [9]  
Derivative liabilities [10] 62 86  
Other [8],[10] 6,585 6,275 [9]  
Total deferred credits and other liabilities 18,357 17,616 [9]  
Total liabilities 44,537 43,291 [9]  
Commitments and Contingencies (see Note 17)  
Shareholders' Equity      
Common stock - no par [12] 12,487 8,987 [9]  
Other paid-in capital 999 1,006 [9]  
Retained earnings 13,825 12,136 [9]  
Accumulated other comprehensive (loss) income 22 28 [9]  
Shareholders' equity 27,333 22,157 [9]  
Noncontrolling interests 4,035 2,939 [9]  
Total equity 31,368 25,096 [9] $ 21,613
Total liabilities and equity $ 75,905 $ 68,387 [9]  
[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] Excludes liability to Atlantic Coast Pipeline.
[4] See Note 15 for amounts attributable to VIEs.
[5] Dominion Energy’s Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Balance Sheet at that date.
[6] See Note 10 for amounts attributable to related parties.
[7] 1.8 billion shares authorized; 854 million and 852 million shares outstanding at September 30, 2025 and December 31, 2024, respectively.
[8] See Note 15 for amounts attributable to VIEs.
[9] Virginia Power’s Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Balance Sheet at that date.
[10] See Note 19 for amounts attributable to affiliates.
[11] See Note 19 for amounts attributable to affiliates.
[12] 500,000 shares authorized; 373,881 and 324,245 shares outstanding at September 30, 2025 and December 31, 2024, respectively.