DOMINION ENERGY, INC

Previous wording

Net income attributable to Dominion Energy increased 46%, primarily due to the absence of lower market-related impacts on pension and other postretirement plans, higher rider equity returns reflecting increased capital investments at Virginia Power, decreased unrealized losses on economic hedging activities, an increase in sales to electric utility customers attributable to weather and the absence of an impairment associated with the Questar Gas Transaction. These increases were partially offset by a decrease in net investment earnings on nuclear decommissioning trust funds and the closings of the East Ohio, Questar Gas and PSNC Transactions.

Current wording

Net income attributable to Dominion Energy increased 48%, primarily due to the absence of lower market-related impacts on pension and other postretirement plans, higher rider equity returns reflecting capital investments at Virginia Power, increased unrealized gains on economic hedging activities, an increase in non-fuel base rates associated with the settlement of the 2024 electric base rate case in South Carolina, the absence of an impairment associated with the Questar Gas Transaction and an increase in renewable energy tax credits. These increases were partially offset by a 50% noncontrolling interest, a decrease in net investment earnings on nuclear decommissioning trust funds, an increase in charges associated with severe weather events, including storm damage and restoration costs, affecting Virginia Power and the closings of the East Ohio, Questar Gas and PSNC Transactions.

Previous wording

A $192 million increase to recover the costs and an authorized return, as applicable, associated with Virginia Power non-fuel riders;

Current wording

A $157 million increase to recover the costs and an authorized return, as applicable, associated with Virginia Power non-fuel riders;

Previous wording

A $51 million net increase associated with market prices affecting Millstone, including economic hedging impacts of net realized and unrealized losses on freestanding derivatives ($67 million);

Current wording

A $102 million net increase associated with market prices affecting Millstone, including economic hedging impacts of net realized and unrealized gains on freestanding derivatives ($79 million);

Previous wording

A $15 million increase due to the absence of an unplanned outage at Millstone.

Current wording

A $15 million increase in sales to electric utility retail customers associated with growth.

Previous wording

Depreciation and amortization decreased 6%, primarily due to the absence of RGGI-related amortization ($92 million), which is offset in operating revenue and does not impact net income, partially offset by an increase due to various projects being placed into service ($41 million).

Current wording

Depreciation and amortization decreased 7%, primarily due to the absence of RGGI-related amortization ($90 million), which is offset in operating revenue and does not impact net income, partially offset by an increase due to various projects being placed into service ($41 million).

Previous wording

A $99 million increase in sales to electric utility retail customers, primarily due to an increase in heating degree days during the heating season;

Current wording

An $80 million net increase in sales to electric utility retail customers, primarily due to an increase in heating degree days during the heating season ($99 million), partially offset by a decrease in cooling degree days during the cooling season ($19 million);

Previous wording

A $23 million increase in transition service agreements primarily associated with the East Ohio, Questar Gas and PSNC Transactions;

Current wording

A $34 million increase in transition service agreements primarily associated with the East Ohio, Questar Gas and PSNC Transactions;

Previous wording

A $29 million net decrease in fuel-related revenue as a result of a decrease in commodity costs associated with sales to electric utility retail customers ($55 million), including revenue for the deferred fuel securitization and electric utility customers who elect to pay market based or other negotiated rates and related settlements of economic hedges at Virginia Power effective March 2024, partially offset by an increase in commodity costs associated with sales to gas utility customers ($26 million); and

Current wording

A $71 million net decrease in fuel-related revenue as a result of a decrease in commodity costs associated with sales to electric utility retail customers ($97 million), including revenue for the deferred fuel securitization and electric utility customers who elect to pay market based or other negotiated rates and related settlements of economic hedges at Virginia Power effective March 2024, partially offset by an increase in commodity costs associated with sales to gas utility customers ($26 million);

Previous wording

Purchased gasincreased 23%, primarily due to an increase in commodity costs for gas utility operations, which are offset in operating revenue and do not impact net income.

Current wording

Purchased gasincreased 16%, primarily due to an increase in commodity costs for gas utility operations, which are offset in operating revenue and do not impact net income.

Previous wording

Other operations and maintenance increased 5%, primarily due to an increase in charges associated with severe weather events including storm damage and restoration costs affecting Virginia Power ($50 million) and an increase in salaries, wages and benefits ($15 million), partially offset by the absence of costs associated with the business review completed in March 2024 ($15 million).

Current wording

Other operations and maintenance increased 5%, primarily due to an increase in charges associated with severe weather events, including storm damage and restoration costs, affecting Virginia Power ($77 million), and an increase in outage costs at Millstone ($47 million), partially offset by the absence of costs associated with the business review completed in March 2024 ($31 million).

Previous wording

Impairment of assets and other charges increased 53%, primarily due to a charge for costs not expected to be recovered from customers on 100% of the CVOW Commercial Project ($45 million) and the absence of a benefit from the establishment of a regulatory asset associated with previously incurred storm damage and restoration costs in connection with the settlement of the 2023 Biennial Review ($17 million), partially offset by the absence of a charge in connection with a settlement of an agreement ($47 million).

Current wording

Impairment of assets and other charges decreased 1%, primarily due to the absence of a charge in connection with a settlement of an agreement ($47 million), the absence of a charge for the impairment of certain nonregulated renewable natural gas facilities ($33 million) and the absence of an impairment of a corporate office building ($17 million), partially offset by a charge for costs not expected to be recovered from customers on 100% of the CVOW Commercial Project ($96 million).

Previous wording

Other income decreased 96%, primarily due to net investment losses in 2025 compared to net investment gains in 2024 on nuclear decommissioning trust funds ($396 million), a decrease in non-service components of pension and other postretirement employee benefit plan credits ($23 million) and a decrease in earnings from other investments ($21 million), partially offset by the absence of lower market-related impacts on pension and other postretirement plans ($316 million) and an increase in AFUDC associated with rate-regulated projects ($15 million).

Current wording

Other income increased 23%, primarily due to the absence of lower market-related impacts on pension and other postretirement plans ($328 million) and an increase in AFUDC associated with rate-regulated projects ($26 million), partially offset by a decrease in net investment gains on nuclear decommissioning trust funds ($186 million), a decrease in non-service components of pension and other postretirement employee benefit plan credits ($52 million) and a decrease in earnings from other investments ($24 million).

Previous wording

Interest and related charges decreased 16%, primarily due to lower unrealized losses in 2025 compared to 2024 associated with freestanding derivatives ($39 million), variable rate debt repaid in 2024 from business review proceeds ($31 million) and higher premiums on interest rate derivatives ($16 million).

Current wording

Interest and related charges decreased 6%, primarily due to variable rate debt repaid from proceeds associated with the business review completed in March 2024 ($61 million), lower unrealized losses associated with freestanding derivatives ($16 million), higher premiums received on interest rate derivatives ($14 million), the absence of charges incurred due to early debt repayments associated with the business review completed in March 2024 ($12 million) and lower interest rates on commercial paper ($12 million), partially offset by an increase in net issuances of long-term debt ($59 million).

Previous wording

Income tax expense remained substantially consistent as higher pre-tax income ($72 million) was offset by an increase in renewable energy tax credits ($54 million) and a benefit associated with the remeasurement of an uncertain tax position ($18 million).

Current wording

Income tax expense increased 25%, primarily due to higher pre-tax income ($180 million), partially offset by an increase in renewable energy tax credits ($87 million), lower taxes on earnings within qualified decommissioning trusts ($23 million) and a benefit associated with the remeasurement of an uncertain tax position ($18 million).

Previous wording

Net income from discontinued operations including noncontrolling interests decreased $119 million, primarily due to the absence of earnings from operations following the closing of the Questar Gas Transaction ($142 million), PSNC Transaction ($100 million) and East Ohio Transaction ($77 million) and the absence of lower tax expense associated with the Questar Gas and PSNC Transactions ($23 million), partially offset by the absence of a loss on the closing of the East Ohio Transaction ($103 million), the absence of an impairment associated with the Questar Gas Transaction ($78 million) and the absence of charges for employee benefit items related to the East Ohio Transaction ($33 million).

Current wording

Net income from discontinued operations including noncontrolling interests decreased $215 million, primarily due to the absence of earnings from operations following the closing of the Questar Gas Transaction ($184 million), PSNC Transaction ($127 million) and East Ohio Transaction ($82 million), the absence of a gain on the closing of the Questar Gas Transaction ($33 million) and the absence of a tax benefit associated with the Questar Gas Transaction ($25 million), partially offset by the absence of a loss on the closing of the East Ohio Transaction ($108 million), the absence of an impairment associated with the Questar Gas Transaction ($78 million), the absence of charges for employee benefit items related to the East Ohio Transaction ($33 million) and the absence of tax expense associated with the PSNC Transaction ($16 million).

Previous wording

Net income increased 4%, primarily due to higher rider equity returns reflecting increased capital investments and an increase in sales to electric utility customers attributable to weather. These increases were partially offset a 50% noncontrolling interest, an increase in charges associated with severe weather events including storm damage and restoration costs and a decrease in net investment earnings on nuclear decommissioning trust funds.

Current wording

Net income increased 9%, primarily due to higher rider equity returns reflecting capital investments, partially offset by a 50% noncontrolling interest and an increase in charges associated with severe weather events, including storm damage and restoration costs.

Previous wording

A $16 million increase in sales to electric utility retail customers associated with growth.

Current wording

A $16 million decrease in sales to electric utility retail customers, primarily due to a decrease in cooling degree days during the cooling season.

Previous wording

Depreciation and amortization decreased 11%, primarily due to the absence of RGGI-related amortization ($92 million), which is offset in operating revenue and does not impact net income, partially offset by an increase due to various projects being placed into service ($31 million).

Current wording

Depreciation and amortization decreased 11%, primarily due to the absence of RGGI-related amortization ($90 million), which is offset in operating revenue and does not impact net income, partially offset by an increase due to various projects being placed into service ($33 million).

Previous wording

Interest and related charges increased 28%, primarily due to an increase in long-term debt borrowings ($26 million), an increase in principal on commercial paper and intercompany borrowings with Dominion Energy ($20 million) and increased interest expense associated with rider deferrals ($12 million), which is offset in operating revenue and does not impact net income.

Current wording

Interest and related charges increased 23%, primarily due to an increase in long-term debt borrowings ($28 million) and higher average outstanding principal on commercial paper and intercompany borrowings with Dominion Energy ($24 million), partially offset by decreased interest expense associated with rider deferrals ($14 million), which is offset in operating revenue and does not impact net income.

Previous wording

A $73 million increase in sales to electric utility retail customers, primarily due to an increase in heating degree days during the heating season;

Current wording

A $57 million net increase in sales to electric utility retail customers, primarily due to an increase in heating degree days during the heating season ($73 million), partially offset by a decrease in cooling degree days during the cooling season ($16 million);

Previous wording

An $18 million increase in sales to electric utility retail customers associated with growth; and

Current wording

A $29 million increase in sales to electric utility retail customers associated with growth; and

Previous wording

Other operations and maintenance increased 15%, primarily due to an increase in charges associated with severe weather events including storm damage and restoration costs ($50 million) and an increase in salaries, wages and benefits and administrative costs ($41 million).

Current wording

Other operations and maintenance increased 11%, primarily due to an increase in charges associated with severe weather events, including storm damage and restoration costs ($77 million), an increase in salaries, wages and benefits and administrative costs ($70 million) and an increase in outside services ($15 million), partially offset by a decrease in bad debt expense ($12 million).

Previous wording

Impairment of assets and other charges increased $63 million, primarily due to a charge for costs not expected to be recovered from customers on 100% of the CVOW Commercial Project ($45 million) and the absence of a benefit from the establishment of a regulatory asset associated with previously incurred storm damage and restoration costs in connection with the settlement of the 2023 Biennial Review ($17 million).

Current wording

Impairment of assets and other charges increased $98 million, primarily due to a charge for costs not expected to be recovered from customers on 100% of the CVOW Commercial Project ($96 million) and the absence of a benefit from the establishment of a regulatory asset associated with previously incurred storm damage and restoration costs in connection with the settlement of the 2023 Biennial Review ($11 million).

Previous wording

Corporate and Other includes specific items attributable to Dominion Energy’s primary operating segments that are not included in profit measures evaluated by executive management in assessing the segments’ performance or in allocating resources. See Note 21 to the Consolidated Financial Statements in this report for discussion of these items in more detail. Corporate and Other also includes items attributable to the Corporate and Other segment. For the three months ended March 31, 2025, Dominion Energy reported an insignificant amount of specific items in the Corporate and Other segment.

Current wording

Corporate and Other includes specific items attributable to Dominion Energy’s primary operating segments that are not included in profit measures evaluated by executive management in assessing the segments’ performance or in allocating resources. See Note 21 to the Consolidated Financial Statements in this report for discussion of these items in more detail. Corporate and Other also includes items attributable to the Corporate and Other segment. For the three months ended June 30, 2025, this primarily included $15 million after-tax loss for derivative mark-to-market changes. For the six months ended June 30, 2025, this primarily included $20 million after-tax loss for derivative mark-to-market changes.

Previous wording

For the three months ended March 31, 2024, this primarily included a $239 million after-tax loss associated with lower market-related impacts on pension and other postretirement plans, $118 million net income from discontinued operations, primarily associated with operations included in the East Ohio, PSNC and Questar Gas Transactions, including the loss on sale associated with the East Ohio Transaction, as well as an impairment charge associated with the Questar Gas Transaction, and a $34 million after-tax loss for derivative mark-to-market changes.

Current wording

For the three months ended June 30, 2024, this primarily included $97 million net income from discontinued operations, primarily associated with operations included in the PSNC and Questar Gas Transactions, including the gain on sale associated with the Questar Gas Transaction. For the six months ended June 30, 2024, this primarily included a $251 million after-tax loss associated with lower market-related impacts on pension and other postretirement plans, $215 million net income from discontinued operations, primarily associated with operations included in the East Ohio, PSNC and Questar Gas Transactions, including the loss on sale associated with the East Ohio Transaction, gain on sale associated with the Questar Gas Transaction, as well as an impairment charge associated with the Questar Gas Transaction, a $34 million after-tax loss for derivative mark-to-market changes and $25 million in after-tax costs associated with the business review completed in March 2024.

Previous wording

As of March 31, 2025, there have been no material changes to Dominion Energy’s 2025 outlook as described in Item 7. MD&A in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024. See Future Issues and Other Matters for a discussion of certain items that may have an impact on Dominion Energy’s 2025 net income on a per share basis.

Current wording

As of June 30, 2025, there have been no material changes to Dominion Energy’s 2025 outlook as described in Item 7. MD&A in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024. See Future Issues and Other Mattersfor a discussion of certain items that may have an impact on Dominion Energy’s 2025 net income on a per share basis.

Previous wording

Includes cash outflows of $18 million and $17 million for energy efficiency programs in Virginia for the three months ended March 31, 2025 and 2024, respectively, and $6 million and $5 million for DSM programs in South Carolina for the three months ended March 31, 2025 and 2024, respectively.

Current wording

Includes cash outflows of $39 million and $40 million for energy efficiency programs in Virginia for the six months ended June 30, 2025 and 2024, respectively, and $12 million for DSM programs in South Carolina for both the six months ended June 30, 2025 and 2024.

Previous wording

Net cash provided by Dominion Energy’s operating activities decreased $799 million, inclusive of a $493 million decrease from discontinued operations. Net cash provided by continuing operations decreased $306 million primarily due to lower deferred fuel and purchased gas cost recoveries ($603 million), partially offset by an increase from changes in working capital ($267 million).

Current wording

Net cash provided by Dominion Energy’s operating activities decreased $409 million, inclusive of a $324 million decrease from discontinued operations. Net cash provided by continuing operations decreased $85 million, primarily due to lower deferred fuel and purchased gas cost recoveries ($935 million), partially offset by settlements of interest rate swaps ($362 million), an increase from changes in working capital ($94 million) and an increase of $394 million primarily due to higher operating cash flows from electric utility operations driven by riders, customer usage and weather.

Previous wording

Net cash used in Dominion Energy’s investing activities decreased $4.6 billion, primarily due to the absence of net proceeds from the East Ohio Transaction in 2024 ($4.3 billion), an increase in plant construction and other property additions ($444 million) and the absence of distributions from equity method affiliates in 2024 ($126 million), partially offset by lower acquisitions of solar development projects ($160 million).

Current wording

Net cash from Dominion Energy’s investing activities decreased $7.7 billion, primarily due to the absence of net proceeds from the East Ohio and Questar Gas Transactions in 2024 ($7.2 billion), an increase in plant construction and other property additions ($482 million) and the absence of distributions from equity method affiliates in 2024 ($126 million), partially offset by lower acquisitions of solar development projects ($177 million).

Previous wording

Net cash from Dominion Energy’s financing activities increased $5.5 billion, primarily due to the absence of net repayments on 364-day term loan facilities in 2024 ($3.8 billion), an increase in net issuances of long-term debt ($1.5 billion) and capital contributions from Stonepeak to OSWP ($400 million), partially offset by higher net repayments of short-term debt ($86 million).

Current wording

Net cash from Dominion Energy’s financing activities increased $8.3 billion, primarily due to the absence of net repayments on 364-day term loan facilities in 2024 ($4.8 billion), an increase in net issuances of short-term debt ($2.1 billion), an increase in net issuances of long-term debt ($1.4 billion), capital contributions from Stonepeak to OSWP ($724 million), the absence of supplemental credit facility repayments in 2024 ($450 million) and the absence of the partial repurchase of Series B Preferred Stock in 2024 ($440 million), partially offset by a $1.4 billion decrease due to repayments of securitization bonds in 2025 which were issued in 2024, distributions from OSWP to Stonepeak ($106 million) and impacts from the sale of a noncontrolling interest in OSWP ($88 million).

Previous wording

As discussed in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024, Dominion Energy generally uses proceeds from short-term borrowings, including commercial paper, to satisfy short-term cash requirements not met through cash from operations. The levels of borrowing may vary significantly during the course of the year, depending on the timing and amount of cash requirements not satisfied by cash from operations. There have been no significant changes to Dominion Energy’s use of credit facilities and/or short-term debt during the three months ended March 31, 2025.

Current wording

As discussed in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024, Dominion Energy generally uses proceeds from short-term borrowings, including commercial paper, to satisfy short-term cash requirements not met through cash from operations. The levels of borrowing may vary significantly during the course of the year, depending on the timing and amount of cash requirements not satisfied by cash from operations. There have been no significant changes to Dominion Energy’s use of credit facilities and/or short-term debt during the six months ended June 30, 2025.

Previous wording

Dominion Energy’s short-term financing is supported by its joint revolving credit facility. In April 2025, Dominion Energy amended its $6.0 billion joint revolving credit facility to, among other things, increase the facility limit to $7.0 billion and extend the maturity date from June 2026 to April 2030. At March 31, 2025, Dominion Energy had $4.4 billion of unused capacity under its joint revolving credit facility. See Note 16 to the Consolidated Financial Statements in this report for the balances of commercial paper and letters of credit outstanding.

Current wording

Dominion Energy’s short-term financing is primarily supported by its joint revolving credit facility. In April 2025, Dominion Energy amended its joint revolving credit facility to, among other things, increase the facility limit from $6.0 billion to $7.0 billion and extend the maturity date from June 2026 to April 2030. In addition, in April 2025, Dominion Energy entered into a $1.0 billion 364-day revolving credit agreement. At June 30, 2025, Dominion Energy had $4.6 billion of unused capacity under these revolving credit facilities. See Note 16 to the Consolidated Financial Statements in this report for the balances of commercial paper and letters of credit outstanding.

Previous wording

Dominion Energy has an effective shelf registration statement with the SEC for the sale of up to $3.0 billion of variable denomination floating rate demand notes, called Dominion Energy Reliability Investment SM. The registration limits the principal amount that may be outstanding at any one time to $1.0 billion. The notes are offered on a continuous basis and bear interest at a floating rate per annum determined by the Dominion Energy Reliability Investment Committee, or its designee, on a weekly basis. The notes have no stated maturity date, are non-transferable and may be redeemed in whole or in part by Dominion Energy or at the investor’s option at any time. At March 31, 2025, Dominion Energy’s Consolidated Balance Sheet included $446 million presented within short-term debt. The proceeds are used for general corporate purposes and to repay debt.

Current wording

Dominion Energy has an effective shelf registration statement with the SEC for the sale of up to $3.0 billion of variable denomination floating rate demand notes, called Dominion Energy Reliability Investment SM. The registration limits the principal amount that may be outstanding at any one time to $1.0 billion. The notes are offered on a continuous basis and bear interest at a floating rate per annum determined by the Dominion Energy Reliability Investment Committee, or its designee, on a weekly basis. The notes have no stated maturity date, are non-transferable and may be redeemed in whole or in part by Dominion Energy or at the investor’s option at any time. At June 30, 2025, Dominion Energy’s Consolidated Balance Sheet included $424 million presented within short-term debt. The proceeds are used for general corporate purposes and to repay debt.

Previous wording

In addition to the primary sources of short-term liquidity discussed above, from time to time Dominion Energy enters into separate supplementary credit facilities or term loans as discussed in Note 16 to the Consolidated Financial Statements in this report, such as the $1.0 billion 364-day revolving credit agreement entered into in April 2025.

Current wording

In addition to the primary sources of short-term liquidity discussed above, from time to time Dominion Energy enters into separate supplementary credit facilities or term loans as discussed in Note 16 to the Consolidated Financial Statements in this report.

Previous wording

During the three months ended March 31, 2025, Dominion Energy issued or borrowed the following long-term debt. Unless otherwise noted, the proceeds were used for the repayment of existing indebtedness and for general corporate purposes.

Current wording

During the six months ended June 30, 2025, Dominion Energy issued or borrowed the following long-term debt. Unless otherwise noted, the proceeds were used for the repayment of existing indebtedness and for general corporate purposes.

Previous wording

The following long-term debt was repaid, repurchased or redeemed during the three months ended March 31, 2025:

Current wording

The following long-term debt was repaid, repurchased or redeemed during the six months ended June 30, 2025:

Previous wording

Total amount redeemed prior to maturity includes remaining principal plus accrued interest.

Current wording

Total amount redeemed prior to maturity, if any, includes remaining principal plus accrued interest.

Previous wording

During the three months ended March 31, 2025, Dominion Energy was not required to and did not complete the remarketing of any of its long-term debt. In 2025, Dominion Energy expects to remarket approximately $225 million of its tax-exempt bonds.

Current wording

During the six months ended June 30, 2025, Dominion Energy was not required to and did not complete the remarketing of any of its long-term debt. In 2025, Dominion Energy expects to remarket approximately $225 million of its tax-exempt bonds.

Previous wording

As discussed in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024, Dominion Energy’s credit ratings affect its liquidity, cost of borrowing under credit facilities and collateral posting requirements under commodity contracts, as well as the rates at which it is able to offer its debt securities. The credit ratings for Dominion Energy are affected by its financial profile, mix of regulated and nonregulated businesses and respective cash flows, changes in methodologies used by the rating agencies and event risk, if applicable, such as major acquisitions or dispositions. A credit rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. Ratings are subject to revision or withdrawal at any time by the applicable rating organization. As of March 31, 2025, there have been no changes in Dominion Energy’s credit ratings from those described in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024.

Current wording

As discussed in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024, Dominion Energy’s credit ratings affect its liquidity, cost of borrowing under credit facilities and collateral posting requirements under commodity contracts, as well as the rates at which it is able to offer its debt securities. The credit ratings for Dominion Energy are affected by its financial profile, mix of regulated and nonregulated businesses and respective cash flows, changes in methodologies used by the rating agencies and event risk, if applicable, such as major acquisitions or dispositions. A credit rating is not a recommendation to buy, sell or hold securities and should be evaluated independently of any other rating. Ratings are subject to revision or withdrawal at any time by the applicable rating organization. In May 2025, Moody’s affirmed its credit ratings but revised its outlook for Dominion Energy from stable to negative. As of June 30, 2025, there have been no other changes in Dominion Energy’s credit ratings from those described in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024.

Previous wording

As discussed in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024, Dominion Energy is subject to various covenants present in the agreements underlying Dominion Energy’s debt. As of March 31, 2025, there have been no material changes to these covenants, nor any events of default under these covenants. As discussed in Note 16 to the Consolidated Financial Statements of this report, Dominion Energy entered into an amended joint revolving credit facility as well as an amended Sustainability Revolving Credit Agreement. Within both agreements, the calculation of equity utilized in the total debt to total capital ratio was updated for a technical clarification. In addition, under the amended joint revolving credit facility, if Dominion Energy or any of its material subsidiaries failed to make payment on various debt obligations in excess of $250 million, or $150 million for DESC, the lenders could require the defaulting company, if it is a borrower under Dominion Energy’s joint revolving credit facility, to accelerate its repayment of any outstanding borrowings and the lenders could terminate their commitments, if any, to lend funds to that company under the credit facility.

Current wording

As discussed in the Companies’ Annual Report on Form 10-K for the year ended December 31, 2024, Dominion Energy is subject to various covenants present in the agreements underlying Dominion Energy’s debt. As of June 30, 2025, there have been no material changes to these covenants, nor any events of default under these covenants except the following changes. As discussed in Note 16 to the Consolidated Financial Statements of this report, Dominion Energy entered into an amended joint revolving credit facility as well as an amended Sustainability Revolving Credit Agreement. Within both agreements, the calculation of equity utilized in the total debt to total capital ratio was updated for a technical clarification. In addition, under the amended joint revolving credit facility, if Dominion Energy or any of its material subsidiaries failed to make payment on various debt obligations in excess of $250 million, or $150 million for DESC, the lenders could require the defaulting company, if it is a borrower under Dominion Energy’s joint revolving credit facility, to accelerate its repayment of any outstanding borrowings and the lenders could terminate their commitments, if any, to lend funds to that company under the credit facility.