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DOMINION ENERGY INC

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 23, 2024

D$68.24-0.5%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

As of December 31, 2023, Dominion Energy owned its principal executive office in Richmond, Virginia and five other corporate offices. Dominion Energy also leases corporate offices in Richmond, Virginia and other cities in which its subsidiaries operate. Virginia Power shares Dominion Energy’s principal executive office in Richmond, Virginia. In addition, Virginia Power leases certain buildings and equipment.

Dominion Energy’s assets consist primarily of its investments in its subsidiaries, the principal properties of which are described below by operating segment.

Certain of Virginia Power’s properties are subject to the lien of the Indenture of Mortgage securing its First and Refunding Mortgage Bonds. There were no bonds outstanding as of December 31, 2023; however, by leaving the indenture open, Virginia Power retains the flexibility to issue mortgage bonds in the future. Certain of Dominion Energy’s nonregulated generation facilities are also subject to liens. Additionally, DESC’s bond indenture, which secures its First Mortgage Bonds, constitutes a direct mortgage lien on substantially all of its electric utility property.

DOMINION ENERGY VIRGINIA

Virginia Power has approximately 6,700 miles of electric transmission lines of 69 kV or more located in North Carolina, Virginia and West Virginia. Portions of Virginia Power’s electric transmission lines cross national parks and forests under permits entitling the federal government to use, at specified charges, any surplus capacity that may exist in these lines. While Virginia Power owns and maintains its electric transmission facilities, they are a part of PJM, which coordinates the planning, operation, emergency assistance and exchange of capacity and energy for such facilities.

In addition, Virginia Power’s electric distribution network includes approximately 60,300 miles of distribution lines, exclusive of service level lines, in Virginia and North Carolina. The grants for most of its electric lines contain rights-of-way that have been obtained from the apparent owners of real estate, but underlying titles have not been examined. Where rights-of-way have not been obtained, they could be acquired from private owners by condemnation, if necessary. Many electric lines are on publicly-owned property, where permission to operate can be revoked. In addition, Virginia Power owns 484 substations.

The following tables list Virginia Power’s generating units and capability as of December 31, 2023.

VIRGINIA POWER UTILITY GENERATION

Plant · Location · Net SummerCapability (MW) · PercentageNet SummerCapability
Gas
Greensville County (CC)Greensville County, VA1,605
Brunswick County (CC)Brunswick County, VA1,376
Warren County (CC)Warren County, VA1,349
Ladysmith (CT)Ladysmith, VA782
Bear Garden (CC)Buckingham County, VA622
Remington (CT)Remington, VA619
Possum Point (CC)Dumfries, VA573
Chesterfield (CC)Chester, VA386
Elizabeth River (CT)Chesapeake, VA327
Gordonsville Energy (CC)Gordonsville, VA218
Gravel Neck (CT)Surry, VA170
Darbytown (CT)Richmond, VA168
Total Gas8,19543%
Nuclear
SurrySurry, VA1,676
North AnnaMineral, VA1,672(1)
Total Nuclear3,34817
Coal
Mt. StormMt. Storm, WV1,617
Virginia City Hybrid Energy CenterWise County, VA610
CloverClover, VA439(2)
Total Coal2,66614
Hydro
Bath CountyWarm Springs, VA1,808(3)
GastonRoanoke Rapids, NC220
Roanoke RapidsRoanoke Rapids, NC95
Other1
Total Hydro2,12411
Oil
Gravel Neck (CT)Surry, VA198
Darbytown (CT)Richmond, VA168
Rosemary (CC)Roanoke Rapids, NC155
Possum Point (CT)Dumfries, VA72
Low Moor (CT)Covington, VA48
Northern Neck (CT)Lively, VA47
Chesapeake (CT)Chesapeake, VA39
Total Oil7274
Solar(4)
Colonial Trail WestSurry County, VA142
Sadler SolarEmporia, VA100
Spring GroveSurry County, VA98
Piney CreekHalifax, VA80
SycamoreGretna, VA42
GrassfieldChesapeake, VA20
NorgeWilliamsburg, VA20
SolidagoWindsor, VA20
Whitehouse SolarLouisa County, VA20
WinterberryGloucester County, VA20
Woodland SolarIsle of Wight County, VA19
Scott SolarPowhatan, VA17
Total Solar5983
Biomass
AltavistaAltavista, VA51
PolyesterHopewell, VA51
SouthamptonSouthampton, VA51
Total Biomass1531
Battery
Dry BridgeChesterfield, VA20—
Wind
CVOW Pilot ProjectVirginia Beach, VA12—
Various
Mt. Storm (CT)Mt. Storm, WV11—
Power Purchase Agreements1,2897
Total Utility Generation19,143100%

Note: (CT) denotes combustion turbine and (CC) denotes combined cycle.

(1)

Excludes 11.6% undivided interest owned by ODEC.

(2)

Excludes 50% undivided interest owned by ODEC.

(3)

Excludes 23.75% undivided interest owned by LS Power Equity Advisors LLC and 16.25% undivided interest owned by Allegheny Generating Company, a subsidiary of FirstEnergy Corp.

(4)

VIRGINIA POWER NON-JURISDICTIONAL GENERATION

PlantLocationNet SummerCapability (MW)
Solar(1)
Fort PowhatanDisputanta, VA150
MaplewoodChatham, VA120
DesperLouisa, VA88
GutenbergGarysburg, NC80
Butcher CreekChase City, VA80
PecanPleasant Hill, NC75
ChestnutHalifax County, NC75
BedfordChesapeake, VA70
PumpkinseedEmporia, VA60
GloucesterGloucester County, VA20
MontrossWestmoreland County, VA20
Morgans CornerPasquotank County, NC20
RemingtonFauquier County, VA20
RochambeauJames City County, VA20
OceanaVirginia Beach, VA18
HollyfieldManquin, VA17
PullerTopping, VA15
Total Non-Jurisdictional Generation948

(1)

DOMINION ENERGY SOUTH CAROLINA

DESC has approximately 3,900 miles and 19,000 miles of electric transmission and distribution lines, respectively, exclusive of service level lines, in South Carolina. The grants for most of DESC’s electric lines contain rights-of-way that have been obtained from the apparent owners of real estate, but underlying property titles have not been examined. Where rights-of-way have not been obtained, they could be acquired from private owners by condemnation, if necessary. Many electric lines are on publicly-owned property, where permission to operate can be revoked. In addition, DESC owns 457 substations.

DESC’s natural gas system includes approximately 18,800 miles of distribution mains and related service facilities, which are supported by approximately 400 miles of transmission pipeline.

DESC owns two LNG facilities, one located near Charleston, South Carolina, and the other in Salley, South Carolina. The Charleston facility can store the liquefied equivalent of approximately 1.0 bcf of natural gas, can regasify approximately 6% of its storage capacity per day and can liquefy less than 1% of its storage capacity per day. The Salley facility can store the liquefied equivalent of approximately 0.9 bcf of natural gas and can regasify approximately 10% of its storage capacity per day. The Salley facility has no liquefying capabilities.

The following table lists DESC’s generating units and capability as of December 31, 2023.

Plant · Location · Net SummerCapability (MW) · PercentageNet SummerCapability
Gas
Jasper (CC) (1)Hardeeville, SC902
Columbia Energy Center (CC) (1)Gaston, SC520
Urquhart (CC) (1)Beech Island, SC458
McMeekinIrmo, SC250
Hagood (CT) (1)Charleston, SC126
Urquhart Unit 3Beech Island, SC95
Urquhart (CT) (1)Beech Island, SC87
Coit (CT) (1)(2)Columbia, SC26
Total Gas2,46438%
Coal
WatereeEastover, SC684
WilliamsGoose Creek, SC595
Cope (3)Cope, SC415
Total Coal1,69426
Hydro
FairfieldJenkinsville, SC576
SaludaIrmo, SC198
OtherVarious18
Total Hydro79212
Nuclear
SummerJenkinsville, SC644(4)10
Power Purchase Agreements973(5)14
Total Utility Generation6,567100%

Note: (CT) denotes combustion turbine and (CC) denotes combined cycle.

(1)

Capable of burning fuel oil as a secondary source.

(2)

Expected to be retired by the end of 2025.

(3)

Capable of burning natural gas as a secondary source.

(4)

Excludes 33.3% undivided interest owned by Santee Cooper.

(5)

Includes 189 MW from agreements with certain solar facilities within Contracted Energy.

CONTRACTED ENERGY

The following table lists Contracted Energy’s generating units and capability as of December 31, 2023.

Plant · Location · Net SummerCapability (MW) · PercentageNet SummerCapability
Nuclear
MillstoneWaterford, CT2,013(1)
Total Nuclear2,01367%
Solar(2)
Hardin IHardin County, OH150
Amazon Solar Farm Virginia – SouthamptonNewsoms, VA100(3)
Amazon Solar Farm Virginia – AccomackOak Hall, VA80(3)
GreensvilleGreensville County, VA80
Innovative Solar 37Morven, NC79(3)
WilkinsonPantego, NC74
SeabrookBeaufort County, SC73
Moffett Solar 1Ridgeland, SC71(3)
Summit Farms SolarMoyock, NC60(3)
Midway IICalipatria, CA30(3)
Amazon Solar Farm Virginia – BuckinghamCumberland, VA20(3)
Amazon Solar Farm Virginia – CorrectionalBarhamsville, VA20(3)
Hecate CherrydaleCape Charles, VA20(3)
Amazon Solar Farm Virginia – Sussex DriveStoney Creek, VA20(3)
Amazon Solar Farm Virginia – Scott IIPowhatan, VA20(3)
MyrtleSuffolk, VA15
TraskBeaufort County, SC12
Hecate Energy Clarke CountyWhite Post, VA10(3)
Ridgeland Solar Farm IRidgeland, SC10(3)
YemasseeHampton County, SC10
BlackvilleBlackville, SC7
DenmarkDenmark, SC6
OtherVarious35(3)
Total Solar1,00233
Total Nonregulated Generation3,015100%

(1)

Excludes 6.53% undivided interest in Unit 3 owned by Massachusetts Municipal and Green Mountain.

(2)

(3)

Dominion Energy’s interest was subject to a lien securing Eagle Solar’s debt prior to its redemption in February 2024.

CORPORATE AND OTHER

The operations included in the East Ohio, PSNC and Questar Gas Transactions are located in Ohio, North Carolina, Utah, southwestern Wyoming and southeastern Idaho. This network includes approximately 76,000 miles of distribution mains and related service facilities which are supported by approximately 3,600 miles of transmission, gathering and storage pipeline. The right-of-way grants for many natural gas pipelines have been obtained from the actual owners of real estate, as underlying titles have been examined. Where rights-of-way have not been obtained, they could be acquired from private owners by condemnation, if necessary. Many natural gas pipelines are on publicly-owned property, where company rights and actions are determined on a case-by-case basis, with results that range from reimbursed relocation to revocation of permission to operate.

East Ohio’s integrated underground storage facilities have more than 60 bcf of working gas capacity to serve base and peak demand. PSNC owns one LNG facility that stores the liquefied equivalent of 1.0 bcf of natural gas, can regasify approximately 10% of its storage capacity per day and can liquefy less than 1% of its storage capacity per day. Questar Gas also owns one LNG facility that stores the liquefied equivalent of 1.2 bcf of natural gas, can regasify approximately 12% of its storage capacity per day and can liquefy less than 1% of its storage capacity per day.

Dominion Energy also owns various solar facilities, primarily at schools in Virginia, with an aggregate generation capacity of 27 MW.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.