Cover and table of contents
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Cover and table of contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
10-K
(Mark One)
| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the fiscal year ended December 31, 2019
OR
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|---|
For the transition period from to
| Commission File Number | Exact name of registrants as specified in their charters | I.R.S. Employer Identification Number | ||
| 001-08489 | DOMINION ENERGY, INC. | 54-1229715 | ||
| 000-55337 | VIRGINIA ELECTRIC AND POWER COMPANY | 54-0418825 | ||
| 001-37591 | DOMINION ENERGY GAS HOLDINGS, LLC | 46-3639580 | ||
| VIRGINIA (State or other jurisdiction of incorporation or organization) | ||||
| 120 TREDEGAR STREET RICHMOND, VIRGINIA (Address of principal executive offices) | 23219 (Zip Code) | |||
| (804) 819-2000 (Registrants’ telephone number) |
Securities registered pursuant to Section 12(b) of the Act:
| Registrant | Trading Symbol | Title of Each Class | Name of Each Exchange on Which Registered | |||
| DOMINION ENERGY, INC. | D | Common Stock, no par value | New York Stock Exchange | |||
| DRUA | 2016 Series A 5.25% Enhanced Junior Subordinated Notes | New York Stock Exchange | ||||
| DOMINION ENERGY GAS HOLDINGS, LLC | DCUE | 2019 Series A Corporate Units 2014 Series C 4.6% Senior Notes | New York Stock Exchange New York Stock Exchange |
Securities registered pursuant to Section 12(g) of the Act:
VIRGINIA ELECTRIC AND POWER COMPANY
Common Stock, no par value
DOMINION ENERGY GAS HOLDINGS, LLC
Limited Liability Company Membership Interests
Indicate by check mark whether the registrant is a well-known seasoned issuer as defined in Rule 405 of the Securities Act.
Dominion Energy, Inc. Yes
☒
No
☐
Virginia Electric and Power Company Yes
☒
No
☐
Dominion Energy Gas Holdings, LLC Yes
☒
No
☐
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Dominion Energy, Inc. Yes
☐
No
☒
Virginia Electric and Power Company Yes
☐
No
☒
Dominion Energy Gas Holdings, LLC Yes
☐
No
☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Dominion Energy, Inc. Yes
☒
No
☐
Virginia Electric and Power Company Yes
☒
No
☐
Dominion Energy Gas Holdings, LLC Yes
☒
No
☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
S-T
(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Dominion Energy, Inc. Yes
☒
No
☐
Virginia Electric and Power Company Yes
☒
No
☐
Dominion Energy Gas Holdings, LLC Yes
☒
No
☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“non-accelerated
filer,” “smaller reporting company,” and “emerging growth company” in Rule
12b-2
of the Exchange Act.
Dominion Energy, Inc.
| Large accelerated filer ☒ | Accelerated filer ☐ | Non-accelerated filer ☐ | Smaller reporting company ☐ | |||
| Emerging growth company ☐ |
Virginia Electric and Power Company
| Large accelerated filer ☐ | Accelerated filer ☐ | Non-accelerated filer ☒ | Smaller reporting company ☐ | |||
| Emerging growth company ☐ |
Dominion Energy Gas Holdings, LLC
| Large accelerated filer ☐ | Accelerated filer ☐ | Non-accelerated filer ☒ | Smaller reporting company ☐ | |||
| Emerging growth company ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined by Rule
12b-2
of the Act).
Dominion Energy, Inc. Yes
☐
No
☒
Virginia Electric and Power Company Yes
☐
No
☒
Dominion Energy Gas Holdings, LLC Yes
☐
No
☒
The aggregate market value of Dominion Energy, Inc. common stock held by
non-affiliates
of Dominion Energy was approximately $62.0 billion based on the closing price of Dominion Energy’s common stock as reported on the New York Stock Exchange as of the last day of Dominion Energy’s most recently completed second fiscal quarter. Dominion Energy is the sole holder of Virginia Electric and Power Company common stock. At February 14, 2020, Dominion Energy had 838,000,325 shares of common stock outstanding and Virginia Power had 274,723 shares of common stock outstanding. Dominion Energy Questar Corporation, a wholly-owned subsidiary of Dominion Energy, Inc., holds all of the membership interests of Dominion Energy Gas Holdings, LLC.
DOCUMENT INCORPORATED BY REFERENCE
Portions of Dominion Energy’s 2020 Proxy Statement are incorporated by reference in Part III.
This combined Form
10-K
represents separate filings by Dominion Energy, Inc., Virginia Electric and Power Company and Dominion Energy Gas Holdings, LLC. Information contained herein relating to an individual registrant is filed by that registrant on its own behalf. Virginia Electric and Power Company and Dominion Energy Gas Holdings, LLC make no representations as to the information relating to Dominion Energy, Inc.’s other operations.
VIRGINIA ELECTRIC AND POWER COMPANY AND DOMINION ENERGY GAS HOLDINGS, LLC MEET THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION I(1)(a) AND (b) OF FORM
10-K
AND ARE FILING THIS FORM
10-K
UNDER THE REDUCED DISCLOSURE FORMAT.
Dominion Energy, Inc., Virginia Electric and
Power Company and Dominion Energy Gas Holdings, LLC
| 2 |
Glossary of Terms
The following abbreviations or acronyms used in this Form
10-K
are defined below:
| Abbreviation or Acronym | Definition | |
| 2016 Equity Units | Dominion Energy’s 2016 Series A Equity Units issued in August 2016, initially in the form of 2016 Series A Corporate Units, consisting of a stock purchase contract and a 1/40 interest in RSNs issued by Dominion Energy | |
| 2019 Equity Units | Dominion Energy’s 2019 Series A Equity Units issued in June 2019, initially in the form of 2019 Series A Corporate Units, consisting of a stock purchase contract and a 1/10 interest in a share of the Series A Preferred Stock | |
| 2017 Tax Reform Act | An Act to Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018 (previously known as The Tax Cuts and Jobs Act) enacted on December 22, 2017 | |
| 2020 Proxy Statement | Dominion Energy 2020 Proxy Statement, File No. 001-08489 | |
| ABO | Accumulated benefit obligation | |
| ACE Rule | Affordable Clean Energy Rule | |
| AFUDC | Allowance for funds used during construction | |
| Align RNG | Align RNG, LLC, a joint venture between Dominion Energy and Smithfield Foods, Inc. | |
| AMI | Advanced Metering Infrastructure | |
| AOCI | Accumulated other comprehensive income (loss) | |
| ARO | Asset retirement obligation | |
| Atlantic Coast Pipeline | Atlantic Coast Pipeline, LLC, a limited liability company owned by Dominion Energy, Duke and Southern | |
| Atlantic Coast Pipeline Project | An approximately 600-mile natural gas pipeline running from West Virginia through Virginia to North Carolina which will be owned by Dominion Energy, Duke and Southern to be constructed and operated by DETI | |
| BACT | Best available control technology | |
| bcf | Billion cubic feet | |
| bcfe | Billion cubic feet equivalent | |
| Bear Garden | A 590 MW combined-cycle, natural gas-fired power station in Buckingham County, Virginia | |
| Blue Racer | Blue Racer Midstream, LLC, a joint venture between Caiman Energy II, LLC and FR BR Holdings, LLC effective December 2018 | |
| BP | BP Wind Energy North America Inc. | |
| Brookfield | Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc. | |
| Brunswick County | A 1,376 MW combined-cycle, natural gas-fired power station in Brunswick County, Virginia | |
| CAA | Clean Air Act | |
| CAISO | California ISO | |
| CAO | Chief Accounting Officer | |
| CCR | Coal combustion residual | |
| CEA | Commodity Exchange Act | |
| CEO | Chief Executive Officer | |
| CEP | Capital Expenditure Program, as established by House Bill 95, Ohio legislation enacted in 2011, deployed by East Ohio to recover certain costs associated with capital investment | |
| CERCLA | Comprehensive Environmental Response, Compensation and Liability Act of 1980, also known as Superfund | |
| CFO | Chief Financial Officer | |
| CGN Committee | Compensation, Governance and Nominating Committee of Dominion Energy’s Board of Directors | |
| CNG | Consolidated Natural Gas Company | |
| CO 2 | Carbon dioxide | |
| Colonial Trail West | A 142 MW utility-scale solar power station located in Surry County, Virginia | |
| Companies | Dominion Energy, Virginia Power and Dominion Energy Gas, collectively | |
| Contracted Generation | Contracted Generation operating segment | |
| COO | Chief Operating Officer | |
| Cooling degree days | Units measuring the extent to which the average daily temperature is greater than 65 degrees Fahrenheit, or 75 degrees Fahrenheit in DESC’s service territory, calculated as the difference between 65 or 75 degrees, as applicable, and the average temperature for that day | |
| Cove Point | Dominion Energy Cove Point LNG, LP | |
| Cove Point LNG Facility | An LNG import/export and storage facility, including the Liquefaction Facility, located on the Chesapeake Bay in Lusby, Maryland | |
| Cove Point Pipeline | A 136 mile natural gas pipeline that connects the Cove Point LNG Facility to interstate natural gas pipelines | |
| CPCN | Certificate of Public Convenience and Necessity | |
| CWA | Clean Water Act | |
| DCP | The legal entity, Dominion Cove Point, LLC (formerly known as Dominion Cove Point, Inc.), one or more of its consolidated subsidiaries, or the entirety of Dominion Cove Point, LLC and its consolidated subsidiaries |
| 3 |
| Abbreviation or Acronym | Definition | |
| DECG | Dominion Energy Carolina Gas Transmission, LLC | |
| DECGS | Dominion Energy Carolina Gas Services, Inc. | |
| DEQPS | Dominion Energy Questar Pipeline Services, Inc. | |
| DES | Dominion Energy Services, Inc. | |
| DESC | The legal entity, Dominion Energy South Carolina, Inc. (formerly known as South Carolina Electric & Gas Company), one or more of its consolidated entities or operating segment, or the entirety of Dominion Energy South Carolina, Inc. and its consolidated entities | |
| DETI | Dominion Energy Transmission, Inc. | |
| DGI | Dominion Generation, Inc. | |
| DGP | Dominion Gathering and Processing, Inc. | |
| DMLPHCII | Dominion MLP Holding Company II, LLC (formerly known as Dominion MLP Holding Company II, Inc.) | |
| Dodd-Frank Act | The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 | |
| DOE | U.S. Department of Energy | |
| Dominion Energy | The legal entity, Dominion Energy, Inc., one or more of its consolidated subsidiaries (other than Virginia Power and Dominion Energy Gas) or operating segments, or the entirety of Dominion Energy, Inc. and its consolidated subsidiaries | |
| Dominion Energy Direct ® | A dividend reinvestment and open enrollment direct stock purchase plan | |
| Dominion Energy Gas | The legal entity, Dominion Energy Gas Holdings, LLC, one or more of its consolidated subsidiaries or operating segment, or the entirety of Dominion Energy Gas Holdings, LLC and its consolidated subsidiaries | |
| Dominion Energy Gas Restructuring | The acquisition of DCP and DMLPHCII from, and the disposition of East Ohio and DGP to, Dominion Energy by Dominion Energy Gas on November 6, 2019 | |
| Dominion Energy Midstream | The legal entity, Dominion Energy Midstream Partners, LP, one or more of its consolidated subsidiaries, or the entirety of Dominion Energy Midstream Partners, LP and its consolidated subsidiaries | |
| Dominion Energy Questar | The legal entity, Dominion Energy Questar Corporation, one or more of its consolidated subsidiaries (other than Dominion Energy Gas, effective November 2019), or the entirety of Dominion Energy Questar Corporation and its consolidated subsidiaries | |
| Dominion Energy Questar Combination | Dominion Energy’s acquisition of Dominion Energy Questar completed on September 16, 2016 pursuant to the terms of the agreement and plan of merger entered on January 31, 2016 | |
| Dominion Energy Questar Pipeline | Dominion Energy Questar Pipeline, LLC, one or more of its consolidated subsidiaries, or the entirety of Dominion Energy Questar Pipeline, LLC and its consolidated subsidiaries | |
| Dominion Energy South Carolina | Dominion Energy South Carolina operating segment | |
| Dominion Energy Virginia | Dominion Energy Virginia operating segment | |
| DSM | Demand-side management | |
| Dth | Dekatherm | |
| Duke | The legal entity, Duke Energy Corporation, one or more of its consolidated subsidiaries, or the entirety of Duke Energy Corporation and its consolidated subsidiaries | |
| Eagle Solar | Eagle Solar, LLC, a wholly-owned subsidiary of DGI | |
| East Ohio | The East Ohio Gas Company, doing business as Dominion Energy Ohio | |
| Eastern Market Access Project | Project to provide 150,000 Dths/day of transportation service to help meet demand for natural gas for Washington Gas Light Company, a local gas utility serving customers in D.C., Virginia and Maryland | |
| Energy Choice | Program authorized by the Ohio Commission which provides energy customers with the ability to shop for energy options from a group of suppliers certified by the Ohio Commission | |
| EPA | U.S. Environmental Protection Agency | |
| EPACT | Energy Policy Act of 2005 | |
| EPS | Earnings per share | |
| ERISA | Employee Retirement Income Security Act of 1974 | |
| ESA Excess Tax Benefits | Endangered Species Act Benefits of tax deductions in excess of the compensation cost recognized for stock-based compensation | |
| Export Customers | ST Cove Point, LLC, a joint venture of Sumitomo Corporation and Tokyo Gas Co., LTD., and GAIL Global (USA) LNG, LLC | |
| Fairless | Fairless power station | |
| FASB | Financial Accounting Standards Board | |
| FERC | Federal Energy Regulatory Commission | |
| FILOT | Fee in lieu of taxes | |
| Fitch | Fitch Ratings Ltd. | |
| Four Brothers | Four Brothers Solar, LLC, a limited liability company owned by Dominion Energy and Four Brothers Holdings, LLC, a subsidiary of GIP effective August 2018 | |
| Fowler Ridge | Fowler I Holdings LLC, a wind-turbine facility joint venture with BP in Benton County, Indiana | |
| FTRs | Financial transmission rights | |
| GAAP | U.S. generally accepted accounting principles | |
| Gal | Gallon | |
| Gas Distribution | Gas Distribution operating segment | |
| Gas Transmission & Storage | Gas Transmission & Storage operating segment |
| 4 |
| Abbreviation or Acronym | Definition | |
| GENCO | South Carolina Generating Company, Inc. | |
| GHG | Greenhouse gas | |
| GIP | The legal entity, Global Infrastructure Partners, one or more of its consolidated subsidiaries (including, effective August 2018, Four Brothers Holdings, LLC, Granite Mountain Renewables, LLC and Iron Springs Renewables, LLC) or operating segments, or the entirety of Global Infrastructure Partners and its consolidated subsidiaries | |
| Granite Mountain | Granite Mountain Holdings, LLC, a limited liability company owned by Dominion Energy and Granite Mountain Renewables, LLC, a subsidiary of GIP effective August 2018 | |
| Green Mountain | Green Mountain Power Corporation | |
| GreenHat | GreenHat Energy, LLC | |
| Greensville County | A 1,588 MW combined-cycle, natural gas-fired power station in Greensville County, Virginia | |
| GTSA | Virginia Grid Transformation and Security Act of 2018 | |
| Heating degree days | Units measuring the extent to which the average daily temperature is less than 65 degrees Fahrenheit, or 60 degrees Fahrenheit in DESC’s service territory, calculated as the difference between 65 or 60 degrees, as applicable, and the average temperature for that day | |
| Hope | Hope Gas, Inc., doing business as Dominion Energy West Virginia | |
| Idaho Commission | Idaho Public Utilities Commission | |
| IRCA | Intercompany revolving credit agreement | |
| Iron Springs | Iron Springs Holdings, LLC, a limited liability company owned by Dominion Energy and Iron Springs Renewables, LLC, a subsidiary of GIP effective August 2018 | |
| Iroquois | Iroquois Gas Transmission System, L.P. | |
| IRS | Internal Revenue Service | |
| ISO | Independent system operator | |
| ISO-NE | ISO New England | |
| July 2016 hybrids | Dominion Energy’s 2016 Series A Enhanced Junior Subordinated Notes due 2076 | |
| June 2006 hybrids | Dominion Energy’s 2006 Series A Enhanced Junior Subordinated Notes due 2066 | |
| Kewaunee | Kewaunee nuclear power station | |
| kV | Kilovolt | |
| LIBOR | London Interbank Offered Rate | |
| LIFO | Last-in-first-out inventory method | |
| Liquefaction Facility | A natural gas export/liquefaction facility at the Cove Point LNG Facility | |
| LNG | Liquefied natural gas | |
| LTIP | Long-term incentive program | |
| Manchester | Manchester power station | |
| Massachusetts Municipal | Massachusetts Municipal Wholesale Electric Company | |
| MATS | Utility Mercury and Air Toxics Standard Rule | |
| mcf | Thousand cubic feet | |
| mcfe | Thousand cubic feet equivalent | |
| MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations | |
| MGD | Million gallons a day | |
| Millstone | Millstone nuclear power station | |
| Millstone 2019 power purchase agreements | Power purchase agreements with Eversource Energy and The United Illuminating Company for Millstone to provide nine million MWh per year of electricity for ten years | |
| Moody’s | Moody’s Investors Service | |
| Mtpa | Million metric tons per annum | |
| MW | Megawatt | |
| MWh | Megawatt hour | |
| Natural Gas Rate Stabilization Act | Legislation effective February 2005 designed to improve and maintain natural gas service infrastructure to meet the needs of customers in South Carolina | |
| NAV | Net asset value | |
| NedPower | NedPower Mount Storm LLC, a wind-turbine facility joint venture between Dominion Energy and Shell WindEnergy, Inc. in Grant County, West Virginia | |
| NEIL | Nuclear Electric Insurance Limited | |
| NERC | North American Electric Reliability Corporation | |
| NG | Collectively, North East Transmission Co., Inc. and National Grid IGTS Corp. | |
| NGL | Natural gas liquid | |
| NJNR | NJNR Pipeline Company | |
| NND Project | V.C. Summer Units 2 and 3 nuclear development project under which DESC and Santee Cooper undertook to construct two Westinghouse AP1000 Advanced Passive Safety Nuclear Units in Jenkinsville, South Carolina | |
| North Anna | North Anna nuclear power station | |
| North Carolina Commission | North Carolina Utilities Commission | |
| NO X | Nitrogen oxide | |
| NRC | U.S. Nuclear Regulatory Commission |
| 5 |
| Abbreviation or Acronym | Definition | |
| NRG | The legal entity, NRG Energy, Inc., one or more of its consolidated subsidiaries (including, effective November 2016 through August 2018, Four Brothers Holdings, LLC, Granite Mountain Renewables, LLC and Iron Springs Renewables, LLC) or operating segments, or the entirety of NRG Energy, Inc. and its consolidated subsidiaries | |
| NSPS | New Source Performance Standards | |
| NYSE | New York Stock Exchange | |
| October 2014 hybrids | Dominion Energy’s 2014 Series A Enhanced Junior Subordinated Notes due 2054 | |
| ODEC | Old Dominion Electric Cooperative | |
| Ohio Commission | Public Utilities Commission of Ohio | |
| Order 1000 | Order issued by FERC adopting requirements for electric transmission planning, cost allocation and development | |
| PHMSA | Pipeline and Hazardous Materials Safety Administration | |
| PIR | Pipeline Infrastructure Replacement program deployed by East Ohio | |
| PJM | PJM Interconnection, L.L.C. | |
| ppb | Parts-per-billion | |
| Predecessor | Dominion Energy as the predecessor for accounting purposes for the period of Dominion Energy’s ownership of DCP and DMLPHCII until the completion of the Dominion Energy Gas Restructuring | |
| PREP | Pipeline Replacement and Expansion Program, a program of replacing, upgrading and expanding natural gas utility infrastructure deployed by Hope | |
| PSD | Prevention of significant deterioration | |
| PSNC | Public Service Company of North Carolina, Incorporated, doing business as Dominion Energy North Carolina | |
| PURA | Connecticut’s Public Utility Regulatory Authority | |
| Questar Gas | Questar Gas Company, doing business as Dominion Energy Utah, Dominion Energy Wyoming and Dominion Energy Idaho | |
| RCC | Replacement Capital Covenant | |
| Regulation Act | Legislation effective July 1, 2007, that amended the Virginia Electric Utility Restructuring Act and fuel factor statute, which legislation is also known as the Virginia Electric Utility Regulation Act, as amended in 2015 and 2018 | |
| RGGI | Regional Greenhouse Gas Initiative | |
| RICO | Racketeer Influenced and Corrupt Organizations Act | |
| Rider B | A rate adjustment clause associated with the recovery of costs related to the conversion of three of Virginia Power’s coal-fired power stations to biomass | |
| Rider BW | A rate adjustment clause associated with the recovery of costs related to Brunswick County | |
| Rider E | A rate adjustment clause associated with the recovery of costs related to certain capital projects at Virginia Power’s electric generating stations to comply with federal and state environmental laws and regulations | |
| Rider GV | A rate adjustment clause associated with the recovery of costs related to Greensville County | |
| Rider R | A rate adjustment clause associated with the recovery of costs related to Bear Garden | |
| Rider S | A rate adjustment clause associated with the recovery of costs related to the Virginia City Hybrid Energy Center | |
| Rider T1 | A rate adjustment clause to recover the difference between revenues produced from transmission rates included in base rates, and the new total revenue requirement developed annually for the rate years effective September 1 | |
| Rider U | A rate adjustment clause associated with the recovery of costs of new underground distribution facilities | |
| Rider US-2 | A rate adjustment clause associated with the recovery of costs related to Woodland Solar, Scott Solar and Whitehouse Solar | |
| Rider US-3 | A rate adjustment clause associated with the recovery of costs related to Colonial Trail West and Spring Grove 1 | |
| Rider US-4 | A rate adjustment clause associated with the recovery of costs related to Sadler Solar | |
| Rider W | A rate adjustment clause associated with the recovery of costs related to Warren County | |
| Riders C1A, C2A and C3A | Rate adjustment clauses associated with the recovery of costs related to certain DSM programs approved in DSM cases | |
| ROE | Return on equity | |
| ROIC | Return on invested capital | |
| RSN | Remarketable subordinated note | |
| RTEP | Regional transmission expansion plan | |
| RTO | Regional transmission organization | |
| Sadler Solar | An approximately 100 MW proposed utility-scale solar power station located in Greensville County, Virginia | |
| SAFSTOR | A method of nuclear decommissioning, as defined by the NRC, in which a nuclear facility is placed and maintained in a condition that allows the facility to be safely stored and subsequently decontaminated to levels that permit release for unrestricted use | |
| SAIDI | System Average Interruption Duration Index, metric used to measure electric service reliability | |
| Santee Cooper | South Carolina Public Service Authority | |
| SBL Holdco | SBL Holdco, LLC, a wholly-owned subsidiary of DGI | |
| SCANA | The legal entity, SCANA Corporation, one or more of its consolidated subsidiaries, or the entirety of SCANA Corporation and its consolidated subsidiaries |
| 6 |
| Abbreviation or Acronym | Definition | |
| SCANA Combination | Dominion Energy’s acquisition of SCANA completed on January 1, 2019 pursuant to the terms of the agreement and plan of merger entered on January 2, 2018 between Dominion Energy and SCANA | |
| SCANA Merger Approval Order | Final order issued by the South Carolina Commission on December 21, 2018 setting forth its approval of the SCANA Combination | |
| SCDHEC | South Carolina Department of Health and Environmental Control | |
| SCDOR | South Carolina Department of Revenue | |
| Scott Solar | A 17 MW utility-scale solar power station in Powhatan County, Virginia | |
| SEC | U.S. Securities and Exchange Commission | |
| SEMI | SCANA Energy Marketing, Inc. | |
| September 2006 hybrids | Dominion Energy’s 2006 Series B Enhanced Junior Subordinated Notes due 2066 | |
| SERC | Southeast Electric Reliability Council | |
| Series A Preferred Stock | Dominion Energy’s 1.75% Series A Cumulative Perpetual Convertible Preferred Stock, without par value, with a liquidation preference of $1,000 per share | |
| Series B Preferred Stock | Dominion Energy’s 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, without par value, with a liquidation preference of $1,000 per share | |
| SO 2 | Sulfur dioxide | |
| South Carolina Commission | Public Service Commission of South Carolina | |
| Southern | The legal entity, The Southern Company, one or more of its consolidated subsidiaries, or the entirety of The Southern Company and its consolidated subsidiaries | |
| Spring Grove 1 | An approximately 98 MW proposed utility-scale solar power station located in Surry County, Virginia | |
| Standard & Poor’s | Standard & Poor’s Ratings Services, a division of the McGraw-Hill Companies, Inc. | |
| Summer | V.C. Summer nuclear power station | |
| SunEdison | The legal entity, SunEdison, Inc., one or more of its consolidated subsidiaries, or the entirety of SunEdison, Inc. and its consolidated subsidiaries | |
| Surry | Surry nuclear power station | |
| Terra Nova Renewable Partners | A partnership comprised primarily of institutional investors advised by J.P. Morgan Asset Management—Global Real Assets | |
| Three Cedars | Granite Mountain and Iron Springs, collectively | |
| TransCanada | The legal entity, TransCanada Corporation, one or more of its consolidated subsidiaries or operating segments, or the entirety of TransCanada Corporation and its consolidated subsidiaries | |
| TSR | Total shareholder return | |
| Utah Commission | Utah Public Service Commission | |
| VDEQ | Virginia Department of Environmental Quality | |
| VEBA | Voluntary Employees’ Beneficiary Association | |
| VIE | Variable interest entity | |
| Virginia City Hybrid Energy Center | A 610 MW baseload carbon-capture compatible, clean coal powered electric generation facility in Wise County, Virginia | |
| Virginia Commission | Virginia State Corporation Commission | |
| Virginia Power | The legal entity, Virginia Electric and Power Company, one or more of its consolidated subsidiaries or operating segment, or the entirety of Virginia Electric and Power Company and its consolidated subsidiaries | |
| VOC | Volatile organic compounds | |
| Warren County | A 1,350 MW combined-cycle, natural gas-fired power station in Warren County, Virginia | |
| WECTEC | WECTEC Global Project Services, Inc. (formerly known as Stone & Webster, Inc.), a wholly-owned subsidiary of Westinghouse | |
| West Virginia Commission | Public Service Commission of West Virginia | |
| Westinghouse | Westinghouse Electric Company LLC | |
| Wexpro | The legal entity, Wexpro Company, one or more of its consolidated subsidiaries, or the entirety of Wexpro Company and its consolidated subsidiaries | |
| Wexpro Agreement | An agreement which sets forth the rights of Questar Gas to receive certain benefits from Wexpro’s operations, including cost-of-service gas | |
| Wexpro II Agreement | An agreement with the states of Utah and Wyoming modeled after the Wexpro Agreement that allows for the addition of properties under the cost-of-service methodology for the benefit of Questar Gas customers | |
| Whitehouse Solar | A 20 MW utility-scale solar power station in Louisa County, Virginia | |
| White River Hub | White River Hub, LLC | |
| Woodland Solar | A 19 MW utility-scale solar power station in Isle of Wight County, Virginia | |
| Wrangler | Wrangler Retail Gas Holdings, LLC, a partnership between Dominion Energy and Interstate Gas Supply Inc. | |
| Wyoming Commission | Wyoming Public Service Commission |
| 7 |
Part I