v3.25.2
Variable Interest Entities - Schedule of Balance Sheet Included Balances for VPFS and OSWP (Detail) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Dec. 31, 2023
Assets        
Cash and cash equivalents [1] $ 344 $ 310 [2]    
Customer receivables [1] 2,294 2,169 [2]    
Regulatory assets-current [1] 1,232 992 [2]    
Property, plant and equipment 73,284 68,862 [2]    
Other Assets, Current [1] 653 584 [2]    
Regulatory assets-noncurrent [1] 8,159 8,288 [2]    
Other deferred charges and other assets [1] 5,546 4,996 [2]    
Total assets 107,441 102,415 [2]    
Liabilities        
Securities due within one year [3] 2,292 1,725 [4]    
Accounts payable [1] 1,015 1,149 [4]    
Accrued interest, payroll and taxes [3] 956 1,045 [4]    
Other [3],[5] 1,754 2,084 [4]    
Securitization bonds 40,294 37,525 [4]    
Other deferred credits and other liabilities [3] 8,621 8,528 [4]    
Total liabilities 76,569 72,613 [4]    
Virginia Electric and Power Company        
Assets        
Cash and cash equivalents 157 [6] 160 [6],[7] $ 41 $ 90
Customer receivables [6] 1,752 1,612 [7]    
Regulatory assets-current [6] 914 697 [7]    
Property, plant and equipment 56,280 52,517 [7]    
Other Assets, Current [6] 215 194 [7]    
Regulatory assets-noncurrent [6] 4,403 4,537 [7]    
Other deferred charges and other assets [6],[8] 3,094 2,662 [7]    
Total assets 73,096 68,387 [7]    
Liabilities        
Securities due within one year [6] 957 548 [7]    
Accounts payable [6] 647 660 [7]    
Accrued interest, payroll and taxes [6] 419 366 [7]    
Other [6] 1,337 1,549 [7]    
Securitization bonds 20,443 20,038 [7]    
Other deferred credits and other liabilities [6],[8] 6,406 6,275 [7]    
Total liabilities 44,174 43,291 [7]    
Variable Interest Entity Not Primary Beneficiary | Virginia Electric and Power Company        
Assets        
Prepayments [9] 0 0    
Regulatory assets-current 119 124    
Other Assets, Current [10] 51 41    
Regulatory assets-noncurrent 955 1,040    
Total assets 1,125 1,205    
Liabilities        
Securities due within one year 167 163    
Accrued interest, payroll and taxes 10 10    
Securitization bonds 969 1,054    
Total liabilities 1,146 1,227    
Variable Interest Entity Not Primary Beneficiary | OSWP        
Assets        
Cash and cash equivalents 131 70    
Customer receivables 0 0    
Prepayments [11] 3 10    
Regulatory assets-current 2 6    
Property, plant and equipment 7,294 5,844    
Regulatory assets-noncurrent 117 52    
Other deferred charges and other assets 6 0    
Total assets 7,553 5,982    
Liabilities        
Accounts payable 1 0    
Accrued interest, payroll and taxes 1 0    
Other 8 0    
Asset retirement obligations - noncurrent [12] 106 38    
Other deferred credits and other liabilities 0 0    
Total liabilities $ 116 $ 38    
[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] Dominion Energy’s Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Balance Sheet at that date.
[5] See Note 10 for amounts attributable to related parties.
[6] See Note 15 for amounts attributable to VIEs.
[7] Virginia Power’s Consolidated Balance Sheet at December 31, 2024 has been derived from the audited Consolidated Balance Sheet at that date.
[8] See Note 19 for amounts attributable to affiliates.
[9] Prepayments are presented in other current assets in the Companies’ Consolidated Balance Sheets.
[10] See Note 2 for additional information about restricted cash and equivalents at VPFS.
[11] Prepayments are presented in other current assets in the Companies’ Consolidated Balance Sheets.
[12] Asset retirement obligation-noncurrent are presented in other deferred credits and other liabilities in the Companies’ Consolidated Balance Sheets.