v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income including noncontrolling interests $ 1,525 $ 966
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 1,316 1,389
Deferred income taxes 192 (74)
Deferred investment tax benefits (19) (15)
Impairment of assets and other charges 97 128
Losses from East Ohio and Questar Gas Transactions 0 105
Net (gains) losses on nuclear decommissioning trust funds and other investments (173) (395)
Other adjustments (12) 52
Changes in:    
Accounts receivable (8) 227
Inventories (56) (24)
Prepayments and deposits, net (99) (110)
Deferred fuel and purchased gas costs, net (553) 699
Accounts payable 14 0
Accrued interest, payroll and taxes (89) (276)
Net realized and unrealized changes related to derivative activities 481 355
Pension and other postretirement benefits (141) 103
Other operating assets and liabilities (46) (292)
Net cash provided by operating activities 2,429 2,838
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (6,216) (5,734)
Acquisition of solar development projects (10) (187)
Proceeds from East Ohio and Questar Gas Transactions 2 7,247
Proceeds from sales of securities 1,694 1,579
Purchases of securities (1,748) (1,671)
Contributions to equity method affiliates (17) (8)
Distributions from equity method affiliates 0 126
Other (90) (24)
Net cash provided by (used in) investing activities (6,385) 1,328
Financing Activities    
Issuance (repayment) of short-term debt, net 1,275 (794)
364-day term loan facility borrowings 0 3,000
Repayment of 364-day term loan facility borrowings 0 (7,750)
Issuance and remarketing of long-term debt 4,200 3,243
Repayment and repurchase of long-term debt (750) (1,184)
Issuance of securitization bonds 0 1,282
Repayment of securitization bonds (80) 0
Supplemental credit facility repayments 0 (450)
Proceeds from sale of noncontrolling interest in OSWP (88) 0
Contributions from Stonepeak to OSWP 724 0
Distributions from OSWP to Stonepeak (106) 0
Repurchase of preferred stock 0 (440)
Issuance of common stock 70 66
Common dividend payments (1,138) (1,119)
Other (103) (114)
Net cash provided by (used in) financing activities 4,004 (4,260)
Increase (decrease) in cash, restricted cash and equivalents 48 (94)
Cash, restricted cash and equivalents at beginning of period 365 301
Cash, restricted cash and equivalents at end of period 413 207
Virginia Electric and Power Company    
Operating Activities    
Net income including noncontrolling interests 1,120 938
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 879 968
Deferred income taxes 176 302
Deferred investment tax benefits (12) (8)
Impairment of assets and other charges 97 (2)
Net (gains) losses on nuclear decommissioning trust funds and other investments (24) (52)
Other adjustments (45) (12)
Changes in:    
Accounts receivable (57) (17)
Affiliated receivables and payables (103) 5
Inventories (44) (22)
Prepayments and deposits, net (53) 23
Deferred fuel and purchased gas costs, net (502) 254
Accounts payable 113 39
Accrued interest, payroll and taxes 53 62
Net realized and unrealized changes related to derivative activities 93 89
Other operating assets and liabilities 143 (133)
Net cash provided by operating activities 1,834 2,434
Investing Activities    
Plant construction and other property additions (5,103) (4,489)
Purchases of nuclear fuel (120) (71)
Acquisition of solar development projects (10) (12)
Proceeds from sales of securities 923 1,073
Purchases of securities (966) (1,133)
Other (39) (3)
Net cash provided by (used in) investing activities (5,315) (4,635)
Financing Activities    
Issuance (repayment) of short-term debt, net 795 (455)
Issuance (repayment) of affiliated current borrowings, net (323) 1,005
Issuance and remarketing of long-term debt 1,250 1,243
Repayment and repurchase of long-term debt (350) (593)
Issuance of securitization bonds 0 1,282
Repayment of securitization bonds (80) 0
Proceeds from sale of noncontrolling interest in OSWP (88) 0
Contributions from Stonepeak to OSWP 724 0
Distributions from OSWP to Stonepeak (106) 0
Issuance of common stock 2,100 0
Common dividend payments (407) (250)
Other (22) (35)
Net cash provided by (used in) financing activities 3,493 2,197
Increase (decrease) in cash, restricted cash and equivalents 12 (4)
Cash, restricted cash and equivalents at beginning of period 206 90
Cash, restricted cash and equivalents at end of period $ 218 $ 86