v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current Assets      
Cash and cash equivalents [1] $ 344 $ 310 [2]  
Customer receivables (less allowance for doubtful accounts) [1] 2,294 2,169 [2]  
Other receivables (less allowance for doubtful accounts) 275 358 [2]  
Inventories 1,826 1,764 [2]  
Regulatory assets [1] 1,232 992 [2]  
Derivative assets 332 436 [2]  
Other [1] 653 584 [2]  
Total current assets 6,956 6,613 [2]  
Investments      
Nuclear decommissioning trust funds 8,437 8,051 [2]  
Investment in equity method affiliates 139 [3] 138 [2]  
Other 363 361 [2]  
Total investments 8,939 8,550 [2]  
Property, Plant and Equipment      
Property, plant and equipment [1] 100,064 94,844 [2]  
Accumulated depreciation and amortization (26,780) (25,982) [2]  
Total property, plant and equipment, net 73,284 68,862 [2]  
Deferred Charges and Other Assets      
Goodwill 4,143 4,143 [2]  
Regulatory assets [1] 8,159 8,288 [2]  
Derivative assets 414 963 [2]  
Other [1] 5,546 4,996 [2]  
Total deferred charges and other assets 18,262 18,390 [2]  
Total assets 107,441 102,415 [2]  
Current Liabilities      
Securities due within one year [4] 2,292 1,725 [5]  
Short-term debt 3,775 2,500 [5]  
Accounts payable [1] 1,015 1,149 [5]  
Accrued interest, payroll and taxes [4] 956 1,045 [5]  
Derivative liabilities 86 207 [5]  
Regulatory liabilities 569 579 [5]  
Supplemental credit facility borrowings 0 0 [5]  
Other [4],[6] 1,754 2,084 [5]  
Total current liabilities 10,447 9,289 [5]  
Long-Term Debt      
Long-term debt 35,893 33,034 [5]  
Securitization bonds [4] 969 1,054 [5]  
Junior subordinated notes 3,223 3,223 [5]  
Supplemental credit facility borrowings 0 0 [5]  
Other 209 214 [5]  
Total long-term debt 40,294 37,525 [5]  
Deferred Credits and Other Liabilities      
Deferred income taxes 7,424 7,135 [5]  
Deferred investment tax credits 1,080 1,070 [5]  
Regulatory liabilities 8,585 8,761 [5]  
Derivative liabilities 118 305 [5]  
Other deferred credits and other liabilities [4] 8,621 8,528 [5]  
Total deferred credits and other liabilities 25,828 25,799 [5]  
Total liabilities 76,569 72,613 [5]  
Commitments and Contingencies (see Note 17)  
Shareholders' Equity      
Preferred stock (see Note 16) 991 991 [5]  
Common stock - no par [7] 24,463 24,383 [5]  
Retained earnings 1,906 1,641 [5]  
Accumulated other comprehensive (loss) income (145) (152) [5]  
Shareholders' equity 27,215 26,863 [5]  
Noncontrolling interests 3,657 2,939 [5]  
Total equity 30,872 29,802 [5] 27,264
Total liabilities and equity 107,441 102,415 [5]  
Virginia Electric and Power Company      
Current Assets      
Cash and cash equivalents 157 [8] 160 [8],[9] 90
Customer receivables (less allowance for doubtful accounts) [8] 1,752 1,612 [9]  
Other receivables (less allowance for doubtful accounts) 143 168 [9]  
Affiliated receivables 140 27 [9]  
Inventories 1,191 1,148 [9]  
Regulatory assets [8] 914 697 [9]  
Derivative assets [10] 230 248 [9]  
Other [8] 215 194 [9]  
Total current assets 4,742 4,254 [9]  
Investments      
Nuclear decommissioning trust funds 4,482 4,286 [9]  
Other 4 4 [9]  
Total investments 4,486 4,290 [9]  
Property, Plant and Equipment      
Property, plant and equipment [8] 74,940 70,550 [9]  
Accumulated depreciation and amortization (18,660) (18,033) [9]  
Total property, plant and equipment, net 56,280 52,517 [9]  
Deferred Charges and Other Assets      
Regulatory assets [8] 4,403 4,537 [9]  
Derivative assets [10] 91 127 [9]  
Other [8],[10] 3,094 2,662 [9]  
Total deferred charges and other assets 7,588 7,326 [9]  
Total assets 73,096 68,387 [9]  
Current Liabilities      
Securities due within one year [8] 957 548 [9]  
Short-term debt 1,745 950 [9]  
Accounts payable [8] 647 660 [9]  
Payables to affiliates 143 133 [9]  
Affiliated current borrowings 177 500 [9]  
Accrued dividend [11] 0 407  
Accrued interest, payroll and taxes [8] 419 366 [9]  
Derivative liabilities [10] 38 139  
Regulatory liabilities 387 385 [9]  
Other [8] 1,337 1,549 [9]  
Total current liabilities 5,850 5,637 [9]  
Long-Term Debt      
Long-term debt 19,364 18,874 [9]  
Securitization bonds [8] 969 1,054 [9]  
Other 110 110 [9]  
Total long-term debt 20,443 20,038 [9]  
Deferred Credits and Other Liabilities      
Deferred income taxes 4,735 4,476 [9]  
Deferred investment tax credits 628 640 [9]  
Regulatory liabilities 6,087 6,139 [9]  
Derivative liabilities [10] 25 86  
Other deferred credits and other liabilities [8],[10] 6,406 6,275 [9]  
Total deferred credits and other liabilities 17,881 17,616 [9]  
Total liabilities 44,174 43,291 [9]  
Commitments and Contingencies (see Note 17)  
Shareholders' Equity      
Common stock - no par [12] 11,087 8,987 [9]  
Other paid-in capital 999 1,006 [9]  
Retained earnings 13,156 12,136 [9]  
Accumulated other comprehensive (loss) income 23 28 [9]  
Shareholders' equity 25,265 22,157 [9]  
Noncontrolling interests 3,657 2,939 [9]  
Total equity 28,922 25,096 [9] $ 21,613
Total liabilities and equity $ 73,096 $ 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; 853 million and 852 million shares outstanding at June 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; 354,251 and 324,245 shares outstanding at June 30, 2025 and December 31, 2024, respectively.