Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Balance Sheet Included Balances for VPFS and OSWP

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.

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.