| Equity and Debt Securities and Cash Equivalents and Cost Method Investments in Decommissioning Trust Funds |
The Companies’ decommissioning trust funds are summarized below:
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Dominion Energy |
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Virginia Power |
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Amortized
Cost |
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Total
Unrealized
Gains |
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Total
Unrealized
Losses |
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Allowance
for Credit
Losses |
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Fair
Value |
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Amortized
Cost |
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Total
Unrealized
Gains |
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Total
Unrealized
Losses |
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Allowance
for Credit
Losses |
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Fair
Value |
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(millions) |
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June 30, 2025 |
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Equity securities:(1) |
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U.S. |
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$ |
1,247 |
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$ |
4,455 |
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$ |
(3 |
) |
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$ |
5,699 |
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$ |
710 |
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$ |
2,313 |
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$ |
(3 |
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$ |
3,020 |
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International |
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49 |
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123 |
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— |
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172 |
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31 |
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71 |
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— |
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102 |
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Fixed income securities:(2) |
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Corporate debt
instruments |
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539 |
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11 |
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(10 |
) |
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$ |
— |
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540 |
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312 |
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5 |
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(8 |
) |
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$ |
— |
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309 |
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Government
securities |
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1,734 |
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18 |
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(31 |
) |
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— |
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1,721 |
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1,048 |
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9 |
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(21 |
) |
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— |
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1,036 |
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Insurance
contracts(3) |
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245 |
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— |
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— |
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245 |
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Cash equivalents
and other(4) |
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60 |
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— |
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— |
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— |
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60 |
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15 |
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— |
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— |
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— |
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15 |
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Total |
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$ |
3,874 |
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$ |
4,607 |
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$ |
(44 |
) |
(5) |
$ |
— |
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$ |
8,437 |
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$ |
2,116 |
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$ |
2,398 |
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$ |
(32 |
) |
(5) |
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$ |
— |
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$ |
4,482 |
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December 31, 2024 |
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Equity securities:(1) |
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U.S. |
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$ |
1,220 |
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$ |
4,157 |
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$ |
(4 |
) |
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$ |
5,373 |
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$ |
695 |
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$ |
2,155 |
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$ |
(3 |
) |
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$ |
2,847 |
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International |
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52 |
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111 |
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— |
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163 |
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34 |
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65 |
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— |
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99 |
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Fixed income securities:(2) |
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Corporate debt
instruments |
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516 |
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6 |
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(15 |
) |
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$ |
— |
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507 |
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303 |
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3 |
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(12 |
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$ |
— |
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294 |
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Government
securities |
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1,736 |
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7 |
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(39 |
) |
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— |
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1,704 |
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1,038 |
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4 |
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(18 |
) |
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— |
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1,024 |
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Insurance
contracts(3) |
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239 |
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— |
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— |
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239 |
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Cash equivalents
and other(4) |
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65 |
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— |
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— |
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— |
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65 |
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22 |
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— |
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— |
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— |
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22 |
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Total |
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$ |
3,828 |
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$ |
4,281 |
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$ |
(58 |
) |
(5) |
$ |
— |
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$ |
8,051 |
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$ |
2,092 |
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$ |
2,227 |
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$ |
(33 |
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(5) |
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$ |
— |
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$ |
4,286 |
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(1)Unrealized gains and losses on equity securities are included in other income (expense) and the nuclear decommissioning trust regulatory liability. (2)Unrealized gains and losses on fixed income securities are included in AOCI and the nuclear decommissioning trust regulatory liability. Changes in allowance for credit losses are included in other income (expense). (3)Includes company owned life insurance contracts measured at cash surrender value. (4)Dominion Energy includes pending sales of securities of $27 million and $35 million at June 30, 2025 and December 31, 2024, respectively. Virginia Power includes pending sales of securities of $16 million and $22 million at June 30, 2025, and December 31, 2024, respectively. (5)Dominion Energy’s fair value of securities in an unrealized loss position was $795 million and $1.4 billion at June 30, 2025 and December 31, 2024, respectively. Virginia Power’s fair value of securities in an unrealized loss position was $555 million and $796 million at June 30, 2025 and December 31, 2024, respectively.
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| Unrealized Gain Loss on Equity |
The portion of unrealized gains and losses that relates to equity securities held within Dominion Energy and Virginia Power’s nuclear decommissioning trusts is summarized below:
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Dominion Energy |
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Quarter-to-Date |
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Year-to-Date |
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Period Ended June 30, |
2025 |
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2024 |
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2025 |
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2024 |
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(millions) |
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Net gains (losses) recognized during
the period |
$ |
535 |
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$ |
178 |
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$ |
296 |
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$ |
637 |
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Less: Net (gains) losses recognized
during the period on securities
sold during the period |
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10 |
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6 |
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16 |
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(4 |
) |
Unrealized gains (losses) recognized
during the period on securities still
held at period end(1) |
$ |
545 |
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$ |
184 |
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$ |
312 |
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$ |
633 |
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(1)Included in other income (expense) and the nuclear decommissioning trust regulatory liabilities.
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Virginia Power |
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Quarter-to-Date |
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Year-to-Date |
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Period Ended June 30, |
2025 |
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2024 |
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2025 |
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2024 |
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(millions) |
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Net gains (losses) recognized during
the period |
$ |
274 |
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$ |
86 |
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$ |
153 |
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$ |
328 |
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Less: Net (gains) losses recognized
during the period on securities
sold during the period |
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7 |
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4 |
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11 |
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(5 |
) |
Unrealized gains (losses) recognized
during the period on securities still
held at period end(1) |
$ |
281 |
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$ |
90 |
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$ |
164 |
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$ |
323 |
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(1)Included in other income (expense) and the nuclear decommissioning trust regulatory liabilities.
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| Investments Classified by Contractual Maturity Date |
The fair value of Dominion Energy and Virginia Power’s fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds at June 30, 2025 by contractual maturity is as follows:
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Dominion Energy |
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Virginia Power |
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(millions) |
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Due in one year or less |
$ |
32 |
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$ |
23 |
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Due after one year through five years |
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568 |
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271 |
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Due after five years through ten years |
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438 |
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216 |
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Due after ten years |
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1,223 |
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|
835 |
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Total |
$ |
2,261 |
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$ |
1,345 |
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| Marketable Securities |
Presented below is selected information regarding Dominion Energy and Virginia Power’s equity and fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds.
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Dominion Energy |
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Quarter-to-Date |
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Year-to-Date |
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Period Ended June 30, |
2025 |
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2024 |
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2025 |
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2024 |
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(millions) |
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Proceeds from sales |
$ |
763 |
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$ |
884 |
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$ |
1,694 |
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$ |
1,579 |
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Realized gains(1) |
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7 |
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27 |
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18 |
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59 |
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Realized losses(1) |
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22 |
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34 |
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42 |
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72 |
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(1)Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liabilities.
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Virginia Power |
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Quarter-to-Date |
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Year-to-Date |
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Period Ended June 30, |
2025 |
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2024 |
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2025 |
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2024 |
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(millions) |
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Proceeds from sales |
$ |
355 |
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$ |
602 |
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$ |
923 |
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$ |
1,073 |
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Realized gains(1) |
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5 |
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16 |
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14 |
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39 |
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Realized losses(1) |
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14 |
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22 |
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29 |
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45 |
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(1)Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liabilities.
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