There have been no significant changes regarding the entities the Companies consider VIEs as described in Note 16 to the Consolidated Financial Statements in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2025.

Virginia Power purchased shared services from DES, an affiliated VIE, of $166 million and $142 million for the three months ended June 30, 2026 and 2025, respectively, and $351 million and $297 million for the six months ended June 30, 2026 and 2025, respectively. Virginia Power’s Consolidated Balance Sheets include amounts due to DES of $51 million and $46 million at June 30, 2026 and December 31, 2025, respectively, recorded in payables to affiliates.

As described in Note 18 of the Companies’ Annual Report on Form 10-K for the year ended December 31, 2025, Virginia Power formed VPFS in October 2023, a wholly-owned special purpose subsidiary which is considered to be a VIE, for the sole purpose of securitizing certain of Virginia Power’s under-recovered deferred fuel balance through the issuance of senior secured deferred fuel cost bonds. The Companies’ Consolidated Balance Sheets include balances for VPFS as follows:


	June 30, 2026		December 31, 2025
(millions)
Assets
Prepayments(1)	$	1	$	1
Regulatory assets-current		133		125
Other current assets(2)		45		51
Regulatory assets-noncurrent		779		868
Total assets	$	958	$	1,045
Liabilities
Securities due within one year	$	176	$	171
Accrued interest, payroll and taxes		8		9
Securitization bonds		794		883
Total liabilities	$	978	$	1,063

(1)

Prepayments are presented in other current assets in Virginia Power’s Consolidated Balance Sheets.

(2)

See Note 2 for additional information about restricted cash and equivalents at VPFS.

As described in Note 10 of the Companies’ Annual Report on Form 10-K for the year ended December 31, 2025, in October 2024 Virginia Power completed the sale of a 50% noncontrolling interest in the CVOW Commercial Project to Stonepeak through the sale of an interest in OSWP, which is considered to be a VIE. The Companies’ Consolidated Balance Sheets include balances for OSWP as follows:


	June 30, 2026			December 31, 2025
(millions)
Assets
Cash and cash equivalents	$	162		$	149
Other receivables		101			—
Regulatory assets-current		5			15
Other investments		1			—
Property, plant and equipment		9,234			8,799
Accumulated depreciation and amortization		(20	)		—
Regulatory assets-noncurrent		269			150
Other deferred charges and other assets		23			9
Total assets	$	9,775		$	9,122
Liabilities
Accounts payable	$	3		$	2
Accrued interest, payroll and taxes		4			2
Other current liabilities		20			16
Asset retirement obligations- noncurrent(1)		429			220
Total liabilities	$	456		$	240

(1)

Asset retirement obligations-noncurrent are presented in other deferred credits and other liabilities in the Companies’ Consolidated Balance Sheets.