v3.25.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2025
Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following tables present Dominion Energy’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment Securities(3)

 

 

Pension and other postretirement benefit costs(4)(5)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(179

)

 

$

3

 

 

$

26

 

 

$

(150

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

(2

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

10

 

 

 

—

 

 

 

—

 

 

 

10

 

Other income (expense)

 

 

—

 

 

 

3

 

 

 

(3

)

 

 

—

 

   Total

 

 

10

 

 

 

3

 

 

 

(3

)

 

 

10

 

Income tax expense (benefit)

 

 

(3

)

 

 

(1

)

 

 

1

 

 

 

(3

)

Total, net of tax

 

 

7

 

 

 

2

 

 

 

(2

)

 

 

7

 

Net current period other comprehensive income (loss)

 

 

7

 

 

 

—

 

 

 

(2

)

 

 

5

 

Ending balance

 

$

(172

)

 

$

3

 

 

$

24

 

 

$

(145

)

Three Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(202

)

 

$

(15

)

 

$

42

 

 

$

(175

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

2

 

 

 

5

 

 

 

—

 

 

 

7

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

11

 

 

 

—

 

 

 

—

 

 

 

11

 

Other income (expense)

 

 

—

 

 

 

—

 

 

 

(5

)

 

 

(5

)

   Total

 

 

11

 

 

 

—

 

 

 

(5

)

 

 

6

 

Income tax expense (benefit)

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

(2

)

Total, net of tax

 

 

9

 

 

 

—

 

 

 

(5

)

 

 

4

 

Net current period other comprehensive income (loss)

 

 

11

 

 

 

5

 

 

 

(5

)

 

 

11

 

Ending balance

 

$

(191

)

 

$

(10

)

 

$

37

 

 

$

(164

)

 

(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $58 million, $61 million, $64 million and $68 million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.
(3)
Net of $— million, $2 million, $6 million and $11 million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.
(4)
Comprised entirely of prior service cost.
(5)
Net of $(8) million, $(9) million, $(11) million and $(10) million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Pension and other postretirement benefit costs(4)(5)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(171

)

 

$

(10

)

 

$

29

 

 

$

(152

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

(16

)

 

 

9

 

 

 

—

 

 

 

(7

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

20

 

 

 

—

 

 

 

—

 

 

 

20

 

Other income (expense)

 

 

—

 

 

 

5

 

 

 

(6

)

 

 

(1

)

   Total

 

 

20

 

 

 

5

 

 

 

(6

)

 

 

19

 

Income tax expense (benefit)

 

 

(5

)

 

 

(1

)

 

 

1

 

 

 

(5

)

Total, net of tax

 

 

15

 

 

 

4

 

 

 

(5

)

 

 

14

 

Net current period other comprehensive
    income (loss)

 

 

(1

)

 

 

13

 

 

 

(5

)

 

 

7

 

Ending balance

 

$

(172

)

 

$

3

 

 

$

24

 

 

$

(145

)

Six Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

(216

)

 

$

1

 

 

$

43

 

 

$

(172

)

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

9

 

 

 

(17

)

 

 

—

 

 

 

(8

)

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

 

Interest and related charges

 

 

22

 

 

 

—

 

 

 

—

 

 

 

22

 

Other income (expense)

 

 

—

 

 

 

8

 

 

 

(9

)

 

 

(1

)

   Total

 

 

22

 

 

 

8

 

 

 

(9

)

 

 

21

 

Income tax expense (benefit)

 

 

(6

)

 

 

(2

)

 

 

3

 

 

 

(5

)

Total, net of tax

 

 

16

 

 

 

6

 

 

 

(6

)

 

 

16

 

Net current period other comprehensive income (loss)

 

 

25

 

 

 

(11

)

 

 

(6

)

 

 

8

 

Ending balance

 

$

(191

)

 

$

(10

)

 

$

37

 

 

$

(164

)

 

(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $58 million, $58 million, $64 million and $73 million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively.
(3)
Net of $— million, $9 million, $6 million and $(1) million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively.
(4)
Comprised entirely of prior service cost.
(5)
Net of $(8) million, $(9) million, $(11) million and $(14) million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively.
Virginia Electric and Power Company  
Schedule of Changes in AOCI Net of Tax and Reclassifications out of AOCI by Component

The following tables present Virginia Power’s changes in AOCI (net of tax) and reclassifications out of AOCI by component:

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment Securities(3)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

Three Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

21

 

 

$

2

 

 

$

23

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

2

 

 

 

(2

)

 

 

—

 

     Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

         Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

2

 

 

 

(2

)

 

 

—

 

Ending balance

 

$

23

 

 

$

—

 

 

$

23

 

Three Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

22

 

 

$

(1

)

 

$

21

 

Other comprehensive income (loss) before reclassifications: gains
    (losses)

 

 

2

 

 

 

—

 

 

 

2

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

         Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

1

 

 

 

1

 

Total, net of tax

 

 

—

 

 

 

1

 

 

 

1

 

Net current period other comprehensive income (loss)

 

 

2

 

 

 

1

 

 

 

3

 

Ending balance

 

$

24

 

 

$

—

 

 

$

24

 

 

(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $(8) million, $(7) million, $(8) million and $(7) million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.
(3)
Net of $1 million, $1 million, $1 million and $3 million tax at June 30, 2025, March 31, 2025, June 30, 2024 and March 31, 2024, respectively.

 

 

 

Total Derivative-Hedging Activities(1)(2)

 

 

Investment
Securities(3)

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

Six Months Ended June 30, 2025

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

28

 

 

$

—

 

 

$

28

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

(5

)

 

 

—

 

 

 

(5

)

     Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

 

 

         Total

 

 

—

 

 

 

—

 

 

 

—

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

—

 

 

 

—

 

 

 

—

 

Net current period other comprehensive income (loss)

 

 

(5

)

 

 

—

 

 

 

(5

)

Ending balance

 

$

23

 

 

$

—

 

 

$

23

 

Six Months Ended June 30, 2024

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

15

 

 

$

2

 

 

$

17

 

Other comprehensive income (loss) before
    reclassifications: gains (losses)

 

 

9

 

 

 

(4

)

 

 

5

 

Amounts reclassified from AOCI: (gains) losses

 

 

 

 

 

 

 

           Other income (expense)

 

 

—

 

 

 

2

 

 

 

2

 

         Total

 

 

—

 

 

 

2

 

 

 

2

 

Income tax expense (benefit)

 

 

—

 

 

 

—

 

 

 

—

 

Total, net of tax

 

 

—

 

 

 

2

 

 

 

2

 

Net current period other comprehensive income (loss)

 

 

9

 

 

 

(2

)

 

 

7

 

Ending balance

 

$

24

 

 

$

—

 

 

$

24

 
(1)
Comprised entirely of interest rate derivative hedging activities.
(2)
Net of $(8) million, $(10) million, $(8) million and $(5) million tax at June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, respectively.
(3)
Net of $1 million tax at each of June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023.