v3.26.1
Employee Benefit Plans
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Employee Benefit Plans

Note 19. Employee Benefit Plans

Net Periodic Benefit (Credit) Cost

The service cost component of net periodic benefit (credit) cost is reflected in other operations and maintenance expense in Dominion Energy’s Consolidated Statements of Income. The non-service cost components of net periodic benefit (credit) cost are reflected in other income (expense) in Dominion Energy’s Consolidated Statements of Income. The components of Dominion Energy’s provision for net periodic benefit (credit) cost are as follows:

 

 

 

Pension Benefits

 

 

Other Postretirement Benefits

 

 

 

Quarter-to-Date

 

 

Year-to-Date

 

 

Quarter-to-Date

 

 

Year-to-Date

 

Period Ended June 30,

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Service cost

 

$

19

 

 

$

19

 

 

$

38

 

 

$

38

 

 

$

3

 

 

$

2

 

 

$

5

 

 

$

5

 

Interest cost

 

 

107

 

 

 

109

 

 

 

215

 

 

 

217

 

 

 

14

 

 

 

15

 

 

 

27

 

 

 

29

 

Expected return on plan assets

 

 

(158

)

 

 

(169

)

 

 

(317

)

 

 

(338

)

 

 

(44

)

 

 

(40

)

 

 

(87

)

 

 

(80

)

Amortization of prior service (credit) cost

 

 

1

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

(6

)

 

 

(7

)

 

 

(11

)

 

 

(13

)

Net periodic benefit (credit) cost

 

$

(31

)

 

$

(41

)

 

$

(63

)

 

$

(83

)

 

$

(33

)

 

$

(30

)

 

$

(66

)

 

$

(59

)

Employer Contributions

During the three and six months ended June 30, 2026, Dominion Energy made $5 million and $10 million, respectively, of contributions to its qualified defined benefit pension plans. Dominion Energy expects to make $24 million of minimum required contributions to its qualified defined benefit pension plans in 2026. Dominion Energy is not required to make any contributions to its VEBAs associated with its other postretirement plans in 2026. Dominion Energy considers voluntary contributions from time to time, either in the form of cash or equity securities.