Investments (Tables)

6 Months Ended

Jun. 30, 2026

Summary of Nuclear Decommissioning Trust Funds to Fund Future Decommissioning Costs and Nuclear Plants

The Companies maintain nuclear decommissioning trust funds to fund future decommissioning costs for its nuclear plants as summarized below:


	Dominion Energy												Virginia Power
	Amortized Cost		Total Unrealized Gains		Total Unrealized Losses				Allowance for Credit Losses		Fair Value		Amortized Cost		Total Unrealized Gains		Total Unrealized Losses				Allowance for Credit Losses		Fair Value
(millions)
June 30, 2026
Equity securities:(1)
U.S.	$	1,081	$	5,658	$	(3	)				$	6,736	$	596	$	2,961	$	(3	)				$	3,554
International		43		148		—						191		26		75		—						101
Fixed income securities:(2)
Government securities		318		1		(1	)		$	—		318		226		1		—			$	—		227
Corporate debt instruments		126		1		—				—		127		126		1		—				—		127
Private debt funds(3)		2,199		28		—				—		2,227		1,244		16		—				—		1,260
Insurance contracts(4)		253		—		—				—		253
Cash equivalents and other(5)		55		—		—				—		55		4		—		—				—		4
Total	$	4,075	$	5,836	$	(4	)	(6)	$	—	$	9,907	$	2,222	$	3,054	$	(3	)	(6)	$	—	$	5,273
December 31, 2025
Equity securities:(1)
U.S.	$	1,107	$	5,052	$	(2	)				$	6,157	$	602	$	2,620	$	(2	)				$	3,220
International		44		122		—						166		27		69		—						96
Fixed income securities:(2)
Government securities		448		—		—			$	—		448		332		—		—			$	—		332
Private debt funds(3)		2,143		—		—				—		2,143		1,213		—		—				—		1,213
Insurance contracts(4)		245		—		—				—		245		—		—		—				—		—
Cash equivalents and other(5)		7		—		—				—		7		3		—		—				—		3
Total	$	3,994	$	5,174	$	(2	)	(6)	$	—	$	9,166	$	2,177	$	2,689	$	(2	)	(6)	$	—	$	4,864

(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)

These private debt funds are generally structured without an explicit termination date. The Companies’ withdrawal and redemption rights begin after an initial multiyear lock-up period. Unless otherwise elected, distributions of income, profits and capital are generally reinvested in the underlying funds. The Companies may elect to receive a portion of future income as cash distributions, subject to fund liquidity restrictions. Generally, the Companies’ interests can be sold in the secondary markets subject to the approval of the general partner. Secondary markets tend to be less liquid especially during periods of market stress.

(4)

Includes company owned life insurance contracts measured at cash surrender value.

(5)

Dominion Energy includes pending sales of securities of $7 million and pending purchases of securities of $40 million at June 30, 2026 and December 31, 2025, respectively. Virginia Power includes pending sales of securities of $4 million and $3 million at June 30, 2026, and December 31, 2025, respectively.

(6)

Dominion Energy’s fair value of securities in an unrealized loss position was $192 million and $48 million at June 30, 2026 and December 31, 2025, respectively. Virginia Power’s fair value of securities in an unrealized loss position was $120 million and $3 million at June 30, 2026 and December 31, 2025, respectively.

Unrealized Gain Loss on Equity

The portion of unrealized gains and losses that relates to equity securities held within the Companies’ nuclear decommissioning trusts is summarized below:


	Dominion Energy
	Quarter-to-Date					Year-to-Date
Period Ended June 30,	2026			2025		2026		2025
(millions)
Net gains (losses) recognized during the period	$	885		$	535	$	626	$	296
Less: Net (gains) losses recognized during the period on securities sold during the period		(2	)		10		5		16
Unrealized gains (losses) recognized during the period on securities still held at period end(1)	$	883		$	545	$	631	$	312

(1)

Included in other income (expense) and the nuclear decommissioning trust regulatory liability.


	Virginia Power
	Quarter-to-Date					Year-to-Date
Period Ended June 30,	2026			2025		2026		2025
(millions)
Net gains (losses) recognized during the period	$	472		$	274	$	346	$	153
Less: Net (gains) losses recognized during the period on securities sold during the period		(2	)		7		1		11
Unrealized gains (losses) recognized during the period on securities still held at period end(1)	$	470		$	281	$	347	$	164

(1)

Included in other income (expense) and the nuclear decommissioning trust regulatory liability.

Investments Classified by Contractual Maturity Date

The fair value of the Companies’ fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds at June 30, 2026 by contractual maturity is as follows:


	Dominion Energy		Virginia Power
(millions)
Due in one year or less	$	3	$	1
Due after one year through five years		568		349
Due after five years through ten years		100		82
Due after ten years		193		158
Total	$	864	$	590

Marketable Securities

Presented below is selected information regarding the Companies’ equity and fixed income securities with readily determinable fair values held in nuclear decommissioning trust funds.


	Dominion Energy
	Quarter-to-Date				Year to Date
Period Ended June 30,	2026		2025		2026		2025
(millions)
Proceeds from sales	$	1,530	$	763	$	2,308	$	1,694
Realized gains(1)		25		7		32		18
Realized losses(1)		25		22		42		42

(1)

Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.


	Virginia Power
	Quarter-to-Date				Year to Date
Period Ended June 30,	2026		2025		2026		2025
(millions)
Proceeds from sales	$	1,031	$	355	$	1,583	$	923
Realized gains(1)		19		5		24		14
Realized losses(1)		19		14		28		29

(1)

Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.