v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income including noncontrolling interests $ 1,114 $ 1,525
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 1,394 1,316
Deferred income taxes 316 192
Deferred investment tax credits (benefits) (14) (19)
Impairment of assets and other charges (benefits) 856 97
Net (gains) losses on nuclear decommissioning trust funds and other investments (350) (173)
Other adjustments (53) (12)
Changes in:    
Accounts receivable 44 (8)
Inventories (44) (56)
Deferred fuel and purchased gas costs, net (804) (553)
Prepayments and deposits, net (339) (99)
Accounts payable 33 14
Accrued interest, payroll and taxes (144) (89)
Net realized and unrealized changes related to derivative activities 348 481
Pension and other postretirement benefits (113) (141)
Other operating assets and liabilities 213 (46)
Net cash provided by operating activities 2,457 2,429
Investing Activities    
Plant construction and other property additions (including nuclear fuel) (5,799) (6,216)
Acquisition of solar development projects (8) (10)
Proceeds from sales of securities 2,308 1,694
Purchases of securities (2,394) (1,748)
Contributions to equity method affiliates (3) (17)
Other (95) (88)
Net cash used in investing activities (5,991) (6,385)
Financing Activities    
Issuance (repayment) of short-term debt, net 5 1,275
364-day term loan facility borrowings 1,250 0
Issuance of long-term debt 4,475 4,200
Repayment of long-term debt (1,313) (750)
Repayment of securitization bonds (85) (80)
Supplemental credit facility borrowings 1,000 0
Supplemental credit facility repayments (800) 0
Proceeds from sale of noncontrolling interest in OSWP 0 (88)
Contributions from Stonepeak to OSWP 370 724
Distributions from OSWP to Stonepeak (168) (106)
Issuance of common stock 38 70
Common dividend payments (1,174) (1,138)
Other (40) (103)
Net cash provided by financing activities 3,558 4,004
Increase (decrease) in cash, restricted cash and equivalents 24 48
Cash, restricted cash and equivalents at beginning of period 343 365
Cash, restricted cash and equivalents at end of period 367 413
Virginia Electric and Power Company    
Operating Activities    
Net income including noncontrolling interests 1,373 1,120
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation and amortization (including nuclear fuel) 921 879
Deferred income taxes 303 176
Deferred investment tax credits (benefits) (5) (12)
Impairment of assets and other charges (benefits) 152 97
Net (gains) losses on nuclear decommissioning trust funds and other investments (48) (24)
Other adjustments (60) (45)
Changes in:    
Accounts receivable (83) (57)
Affiliated receivables and payables (151) (103)
Inventories (36) (44)
Deferred fuel and purchased gas costs, net (649) (502)
Prepayments and deposits, net 0 (53)
Accounts payable 106 113
Accrued interest, payroll and taxes 33 53
Net realized and unrealized changes related to derivative activities 189 93
Other operating assets and liabilities 336 143
Net cash provided by operating activities 2,381 1,834
Investing Activities    
Plant construction and other property additions (4,769) (5,103)
Purchases of nuclear fuel (63) (120)
Acquisition of solar development projects (7) (10)
Proceeds from sales of securities 1,583 923
Purchases of securities (1,652) (966)
Other (46) (39)
Net cash used in investing activities (4,954) (5,315)
Financing Activities    
Issuance (repayment) of short-term debt, net 317 795
Issuance (repayment) of affiliated current borrowings, net 225 (323)
Issuance of long-term debt 2,150 1,250
Repayment of long-term debt (750) (350)
Repayment of securitization bonds (85) (80)
Proceeds from sale of noncontrolling interest in OSWP 0 (88)
Contributions from Stonepeak to OSWP 370 724
Distributions from OSWP to Stonepeak (168) (106)
Issuance of common stock 450 2,100
Common dividend payments 0 (407)
Other 86 (22)
Net cash provided by financing activities 2,595 3,493
Increase (decrease) in cash, restricted cash and equivalents 22 12
Cash, restricted cash and equivalents at beginning of period 231 206
Cash, restricted cash and equivalents at end of period $ 253 $ 218