Dominion Energy, Inc. · NYSE:D
Dominion Energy — Q4 2024 Earnings Presentation
74 slides from Dominion Energy's earnings presentation, Feb 12, 2025
Slide 1: Q4 2024 earnings call
Q4 2024 earnings call February 12, 2025
Slide 2: Important note for investors
Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the busine
Slide 3: Important note for investors, cont.
Important note for investors, cont. This presentation includes certain financial measures that have not been prepared in accordance with GAAP. A listing of such non-GAAP measures with their GAAP equivalents are as follows: • Operating earnings per share (non-GAAP) which has a GAAP equivalent of repo
Slide 4: 2024 highlights and accomplishments
Dominion Energy 2024 highlights ✓ Accountable for and committed to high-quality execution, consistently, over the long run Business review ▪ Strategic simplicity completed ▪ Consistent long-term financial execution ▪ Balance sheet conservatism ▪ Dividend security ▪ The delivery of an exceptional cus
Slide 5: Financial results and guidance
Dominion Energy Financial results and guidance Operating earnings per share and long-term financial guidance Metric Amount Commentary Top half of guidance range of $2.68—$2.83 FY 2024: Actual ($ per share)¹ $2.77 Reflects $0.03 of worse than normal weather Q4 2024: Actual ($ per share)¹ $0.58 Reflec
Slide 6: Five-year capital summary (updated)
Dominion Energy Five-year capital summary (updated) Dominion Energy Dominion Energy Contracted Energy Corporate & Other Total³ Virginia South Carolina 2025—2029 capital plan ($B) $41.2 $6.2 $2.0 $0.7 $50.1 (previously $43.2) ▪ Economic growth ▪ Economic growth ▪ Millstone ▪ Information ▪ Zero-carbon
Slide 7: Credit (no change)
Dominion Energy Credit (no change) Parent debt ratio FFO to debt Credit ratings Expect parent debt as % of total Expect consolidated annual FFO to ▪ Parent: Target current ratings - adjusted debt less than 30% debt of ~15% “mid BBB range” unsecured debt ratings at S&P and Moody’s and ~15% BBB+ at Fi
Slide 8: Illustrative sources and uses (updated)
Dominion Energy Illustrative sources and uses (updated) Cumulative: 2025—2029 ($B)¹ ($12.0) $16.8 $4.5 $3.9 $53.7 $40.5 Operating (+) common equity (+) hybrid², net (+) other fixed (-) dividends⁴ Investing cash flow (DRIP & ATM) income, net cash flow⁵ (inc. STD³) Will look to opportunistically de-ri
Slide 9: Common equity capital raising activities
Dominion Energy Common equity capital raising activities Expected annual issuance Dividend Updated Prior At-the-market reinvestment guidance midpoint guidance midpoint (ATM) (DRIP) (DRIP + ATM) (DRIP + ATM)² ✓ Issued: ~$600M¹ ✓ Issued: ~$600M¹ 2025E $200M DRIP: $200M $700M Remaining: 200M—400M Remai
Slide 10: Safety and affordability
Dominion Energy Safety and affordability OSHA recordable incident rate¹ Residential electric customer rate³ Projected bill CAGR4 (75%) (13%) (18%) 1.70 17.0 14.8 14.0 2.7% 2.8% 0.96 2.2% CAGR 2024—2039 CAGR 0.52 2024—2038 0.45 0.42 2006-2021 2022 2023 2024 Industry Dominion Energy Dominion Energy U.
Slide 11: CVOW well-aligned with focus on American energy dominance
Coastal Virginia Offshore Wind (CVOW) CVOW well-aligned with focus on American energy dominance ▪ The Coastal Virginia Offshore Wind project: ✓ Is ~50% complete and remains on-track for an on-time completion at the end of 2026 (no change) ✓ Continues to achieve major project milestones and is fully
Slide 12: CVOW project remains on schedule, end of 2026 completion
Coastal Virginia Offshore Wind (CVOW) Project remains on schedule, end of 2026 completion Significant progress reduces project risk: ~50% complete % complete Project scope: 176 WTG % installed or Towers: 8 fabricated, ~96% awaiting installation 31 in fabrication Blades: Fabrication % installed or co
Slide 13: CVOW project remains on schedule, end of 2026 completion
Coastal Virginia Offshore Wind (CVOW) Project remains on schedule, end of 2026 completion Last turbine installed / 100% ~50% First project COD complete turbine installed 75% First Last transition transition piece piece installed installed First monopile ROD Last monopile 50% installed¹ First 8 monop
Slide 14: CVOW project cost update
Coastal Virginia Offshore Wind (CVOW) Project cost update (no change from February 3, 2025) Starting point: Starting point: Commentary Original budget Latest budget (Nov 2021) (Nov 2024) ▪ Total project costs increased to $10.7B from $9.8B, representing a $0.9B or 9% increase Prior total $9.8B $9.8B
Slide 15: Robust cost sharing mechanisms preserve affordability
Coastal Virginia Offshore Wind (CVOW) Robust cost sharing mechanisms preserve affordability (no change from February 3, 2025) ▪ December 2022 comprehensive settlement, approved by State Corporation Commission, provides significant customer protections ✓ 50% of project costs between $10.3B and $11.3B
Slide 16: Charybdis (Jones Act compliant installation vessel)
Charybdis (Jones Act compliant installation vessel) Continues to achieve project milestones and approach completion Selected project updates Charybdis (February 2025) ▪ Completion status (update): ― 96% compared to Q3 2024 update of 93% ▪ Timeline/milestones (no change): ― Sea trials underway with e
Slide 17: Robust demand growth
Robust demand growth Driven by economic growth, electrification, data center expansion (updated) PJM DOM Zone summer peak DEV weather normal electric sales PJM DOM Zone summer peak (GW) annual load growth (10-year avg.) by revenue class 2024A 2034E Data center development in Virginia ✓ Access to aff
Slide 18: Data center contracted capacity (updated)
Dominion Energy Virginia Data center contracted capacity (updated) ~40.2 GW ~19GW/88% vs. July 2024 data center contracted capacity SELOA: 26.2 GW Substation Engineering Letter of Authorization (SELOA) ~21.4 GW ▪ Detailed engineering plan ▪ Costs reimbursed to Dominion Energy SELOA: 7.6 GW Construc
Slide 19: Selected business updates
Dominion Energy Selected business updates ✓ Transmission joint planning agreement with AEP and FE ✓ Filed annual update to SLR filing for Surry and North Anna DEV ✓ Filed CE-5 application ✓ Filed 2024 VA Integrated Resource Plan ✓ Expect to file biennial review on March 31st DESC ✓ Continued focus o
Slide 20: Summary
Dominion Energy Summary ✓ Outstanding safety performance in 2024 ✓ Reaffirmed long-term operating earnings, credit and dividend guidance from March 1 investor meeting; narrowed 2025 operating earnings guidance range ✓ CVOW remains on schedule with robust cost sharing that protects customers and shar
Slide 21: Appendix
Appendix 21
Slide 22: Financial guidance supplement
Financial guidance supplement •1 Consolidated guidance •2 Dominion Energy Virginia •3 Dominion Energy South Carolina •4 Contracted Energy •5 Corporate and Other •6 Fixed income 22
Slide 23: Positioned to provide long-term value for shareholders, customers & employees
Dominion Energy Positioned to provide compelling long-term value for shareholders, customers & employees Strategic and financial profile Strategic and financial metrics ▪ Simple strategy: Operate exceptional utilities in the Southeast U.S. ― Reliable and affordable service 5%—7% Annual operating ― S
Slide 24: Diversified and robust rate base growth
Diversified and robust rate base growth Consolidated 5-year capital plan By function Total investment base³ ($B) 17% Other¹ 30% Electric transmission 3% 14% $89 Storage DESC $83 5% Offshore wind ~$50B $77 6% $71 2025E—2029E 82% $65 Nuclear² DEV 6% Nuclear relicensing 25% 8% Electric Solar distributi
Slide 25: Best-in-class O&M control
Best-in-class O&M control Electric non-fuel O&M per sales ($/MWh) $200 Top quartile D¹ Peer² $/MWh Electric non-fuel O&M Lower is better $0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 D Ranking: 3rd 2nd 2nd 1st 2nd 2nd 2nd 2nd 2nd 2nd Note: Source of data is FERC Form 1 for respective annual p
Slide 26: Premier state-regulated utility profile
Premier state-regulated utility profile Business mix Average annual earnings contribution: 2025—2029¹ Millstone PPA / ~95% State-regulated utility operations hedged / capacity Other² + Millstone PPA/hedged/capacity ~5% 4% DESC ~90% 15% State-regulated utility operations (VA, NC, SC) DEV 75% “Pure pl
Slide 27: Low operating risk
Low operating risk Diverse, constructive regulatory jurisdictions with strong support for timely recovery Percentage of total investment base¹ Regulatory diversity Increasingly clean Reduced regulatory lag Contracted Energy: 8% Coal 5% Other Other DESC: 17% Electric VA biennial: 22% transmission/ ~7
Slide 28: Regulated electric sales growth
Regulated electric sales growth DEV and DESC combined 2024 weather normal sales growth¹ Regulated electric sales trends Residential Commercial Industrial Govt/Other Total ✓ Robust commercial load growth driven by Data Centers ✓ Attractive customer growth across our Virginia and 4.4% South Carolina s
Slide 29: Customers
Customers State-regulated utilities Segment summary Q4 2024 State summary Three months ended Average customers December 31 Q4 2024 (M) DE ‘22-’24 CAGR South Carolina 1.3M DE Virginia 1.1% 2.8 31% DE South Carolina 2.6% 1.3 Electric 2.0% 0.8 4.1M State utility Gas 3.7% 0.5 customers Total utility cus
Slide 30: Weather: degree days
Weather Degree days Quarter ended 12/31 Twelve months ended 12/31 2024 2023 2024 2023 Actual 1,131 1,153 2,969 2,830 Heating Normal 1,255 1,263 3,462 3,453 Dominion Energy Virginia Actual 71 58 1,928 1,643 Cooling Electric Normal 60 58 1,811 1,798 Actual 438 434 1,078 917 Heating Dominion Energy Sou
Slide 31: Weather: after-tax impacts versus normal
Weather After-tax impacts ($M) Q1 Q2 Q3 Q4 2024 YTD Dominion Energy Virginia2 ($42) $16 $6 ($10) ($30) Versus normal¹ Dominion Energy South (5) 9 (4) 7 7 Carolina3 Total ($47) $25 $2 ($3) ($23) Q1 Q2 Q3 Q4 2024 YTD $22 $67 ($8) $11 $92 Versus prior year¹ Dominion Energy Virginia2 Dominion Energy Sou
Slide 32: Consolidated guidance
1 Consolidated guidance 32
Slide 33: Consolidated guidance: operating EPS
1 Consolidated guidance Operating earnings per share (non-GAAP) 2025 Operating EPS guidance range Dominion Energy Virginia $2.48—$2.61 Dominion Energy South Carolina $0.55—$0.58 Contracted Energy $0.48—$0.51 Corporate and Other & Elims¹ ($0.31)—($0.29) $3.20—$3.40 Operating EPS guidance range (exclu
Slide 34: 2025 operating EPS drivers
1 Consolidated guidance 2025 operating earnings per share (excluding RNG 45Z) Q1 drivers (YoY) FY 2025 drivers (YoY) ▲ Regulated investment ▲ Regulated investment ▲ Return to normal weather ▲ Contracted Energy margins ▲ Financing costs ▲ Electric rate cases¹ ▲ Electric rate cases¹ ▲ Sales ▲ Sales ▲
Slide 35: Long-term growth rate
1 Guidance Long-term operating earnings per share growth rate (no change) 5%—7% growth rate off 2025 operating EPS midpoint excluding RNG 45Z ($3.30) ~6% long-term Long-term growth rate CAGR $3.30 ▪ Bias to midpoint of ~6% over the long-range plan Midpoint (Ex. RNG 45Z) ▪ Within the 5%—7% growth ran
Slide 36: Five-year capital summary
1 Consolidated guidance Five-year capital summary $B 2025E 2026E 2027E 2028E 2029E Total Dominion Energy Virginia $8.6 $8.0 $7.8 $8.3 $8.5 $41.2 Dominion Energy South Carolina 1.2 1.3 1.2 1.2 1.3 6.2 Contracted Energy 0.5 0.3 0.3 0.5 0.4 2.0 Corporate and Other 0.1 0.1 0.1 0.1 0.1 0.7 Total $10.5 $9
Slide 37: Key assumptions
1 Consolidated guidance Key assumptions Driver 2025E assumption Long-term assumption Weather 15-year normal 15-year normal Consolidated operating earnings effective tax rate¹ 13%—15% 14.5%—15.5%² W/N annual retail electric sales growth rate – DEV 1.0%—2.0%³ 3.5%—4.5% W/N annual retail electric sales
Slide 38: Tax credits
1 Consolidated guidance Tax credits Cash generation by type ($M)¹ Asset Credit type Segment 2025E 2026E 2027E 2028E 2029E DEV regulated PTC DEV $103 $138 $233 $245 $252 DEV regulated ITC DEV 26 36 — 162 157 RNG PTC CE 70—100 90—125 90—125 — — RNG ITC CE 399 — — — — Solar PTC CE 17 17 17 18 18 Other
Slide 39: Operating EPS impact: key plan inputs
1 Consolidated guidance Operating EPS impact for change in key financial plan inputs Driver Change 2025E operating EPS impact DEV: Electric load - residential +/- 1% +/- $0.017 DEV: Electric load - commercial +/- 1% +/- $0.013 DEV: Electric load - industrial +/- 1% +/- $0.001 DEV: Electric load - go
Slide 40: Operating EPS impact: key plan inputs
1 Consolidated guidance Operating EPS impact for change in key financial plan inputs Driver Change 2025E operating EPS impact RNG: LCFS, RIN and biogas prices +/- 10% +/- $0.006 Open market Millstone prices +/- 10% +/- $0.000 DEV earned ROE (Base) +/- 25bps +/- $0.027 DESC earned ROE +/- 25bps +/- $
Slide 41: Dominion Energy Virginia
2 Dominion Energy Virginia 41
Slide 42: Dominion Energy Virginia overview
2 Dominion Energy Virginia Overview Electric service area Key stats Electric utility customers 2.8M Owned generation (MW)¹ 19,098 Distribution miles 60,600 Transmission miles 6,800 2025-2029 capital plan ($B)² $41.2 2024 utility rate base ($B) $40.5 2025-2029 utility rate base CAGR 9.4% Weighted ave
Slide 43: Data center markets
2 Dominion Energy Virginia Data center markets Top U.S. markets (MW capacity) Top global markets (MW capacity) 3,640 3,640 1,000 912 898 784 737 698 693 660 620 637 576 545 433 410 Northern Virginia data center market is larger than next five US markets combined and larger than next four world marke
Slide 44: Data center request process
2 Dominion Energy Virginia Data center request process Typical data center request process from contact to connection 1 1 High level 2 Substation 3 Construction 4 Install 5 Electric Service assessment 2 Engineering Letter of infrastructure Agreement Letter of Authorization Authorization ▪ Identify i
Slide 45: Northern Virginia leads the world in data center markets
2 Dominion Energy Virginia Northern Virginia leads the world in data center markets ▪ Connected 15 new data centers in 2024 and expect to connect another 15 data centers in 2025 (updated) ▪ Since 2013, averaged ~15 data center connections per year Data center annual connects Data center capacity add
Slide 46: 5-year capital summary
2 Dominion Energy Virginia 5-year capital summary $B Program 2025E 2026E 2027E 2028E 2029E Total Electric transmission $2.3 $2.5 $2.6 $2.7 $2.7 $12.9 Electric transmission JV 0.0 0.1 0.2 0.4 0.4 1.0 Electric distribution 1.2 1.7 1.7 1.8 1.8 8.2 Solar/storage/OSW 3.0 1.5 1.1 1.2 1.3 8.0 Nuclear/SLR 0
Slide 47: Regulatory summary
2 Dominion Energy Virginia Regulatory summary (as of December 31, 2024) Electric Dominion VA base Transmission VA riders Energy North Other Total rider Carolina Rate base ($B) ~13.9¹ ~11.6² ~11.1³ ~1.64 ~$2.25 $40.5 Common equity 52.1%7 53.8%8 52.1%7 52.5%9 N/A 52.6% Allowed ROE 9.70%6 11.40%10 9.70
Slide 48: Rate base
2 Dominion Energy Virginia Rate base Illustrative rate base ($B) 2024 2025E 2026E 2027E 2028E 2029E Virginia base¹ $13.9 $14.5 $15.5 $16.6 $18.0 $19.5 Electric transmission rider² 11.6 13.5 15.4 17.4 19.4 21.2 Electric transmission JV — — 0.1 0.3 0.6 1.0 Virginia riders³ 11.1 15.3 17.1 18.8 20.0 21.
Slide 49: Biennial review summary
2 Dominion Energy Virginia Biennial review summary Second biennial Third biennial Fourth biennial Initial filing March 2025 March 2027 March 2029 Final order Late 2025 Late 2027 Late 2029 Investment under review “Base” only — Rider investment outside scope Years reviewed 2023—2024 2025—2026 2027—202
Slide 50: Ringfenced solar
2 Dominion Energy Virginia Ringfenced solar Business summary ▪ Included in DEV reporting segment ▪ Represents solar investments not included in DEV’s utility rate base summary ▪ 17 projects representing 0.9 GW ▪ Weighted average remaining PPA life: ~15 years Financial summary 2025E 2026E 2027E 2028E
Slide 51: Dominion Energy South Carolina
3 Dominion Energy South Carolina 51
Slide 52: Dominion Energy South Carolina overview
3 Dominion Energy South Carolina Overview Electric and gas service areas Key stats Electric utility customers 0.8M Gas distribution utility customers 0.5M Owned generation (MW)¹ 5,622 Electric distribution miles 19,100 Electric transmission miles 3,800 Gas distribution pipeline miles 19,500 2025-202
Slide 53: 5-year capital summary
3 Dominion Energy South Carolina 5-year capital summary $B Program 2025E 2026E 2027E 2028E 2029E Total Electric transmission $0.3 $0.2 $0.2 $0.2 $0.2 $1.1 Electric distribution 0.2 0.2 0.2 0.3 0.3 1.3 Gas distribution 0.2 0.2 0.2 0.2 0.2 0.9 Nuclear 0.0 0.0 0.1 0.1 0.0 0.2 Electric generation/other
Slide 54: Regulatory summary
3 Dominion Energy South Carolina Regulatory summary (as of December 31, 2024) Electric Gas Capital Cost Rider (CCR) Total Rate base ($B) $8.2¹ $1.3³ $1.3 $10.8 Common equity 52.51%² 52.66%³ 52.8% 52.6% Allowed ROE 9.94%² 9.49%³ 9.9% 9.9% ¹ Estimated 2024 end of period electric rate base including Ge
Slide 55: Rate base
3 Dominion Energy South Carolina Rate base Illustrative rate base ($B) 2024 2025E 2026E 2027E 2028E 2029E Electric $8.2 $8.9 $9.6 $10.2 $10.8 $11.5 Gas 1.3 1.4 1.5 1.7 1.8 1.9 Capital Cost Rider 1.3 1.1 1.0 0.9 0.9 0.8 Total $10.8 $11.4 $12.1 $12.8 $13.5 $14.2 Note: Excludes deferred fuel; figures m
Slide 56: Capital Cost Rider (CCR)
3 Dominion Energy South Carolina Capital Cost Rider (CCR) The capital cost rider was approved under terms of the South Carolina PSC merger approval in late 2018 ▪ Allows recovery of and return on ~$2.8B of New Nuclear Development costs ▪ Disallowed recovery/permanently impaired the other ~$2B of suc
Slide 57: Contracted Energy
4 Contracted Energy 57
Slide 58: Contracted Energy overview
4 Contracted Energy Overview % of CE Asset earnings¹ Commentary CE earnings profile: Risk reduction ▪ Significantly de-risked—% Millstone total revenue de-risked:² 2025E 2026E 2027E 2028E 2029E Millstone ~70% 98% 91% 82% 61% 52% ▪ ~9M MWh (~55% of annual output) fixed price contracted ▪ Residual out
Slide 59: 5-year capital summary
4 Contracted Energy 5-year capital summary $B Asset 2025E 2026E 2027E 2028E 2029E Total Millstone Nuclear Power Station $0.2 $0.2 $0.3 $0.5 $0.4 $1.6 RNG 0.3 0.0 0.0 0.0 0.0 0.3 Solar 0.0 0.0 0.0 0.0 0.0 0.1 Total $0.5 $0.3 $0.3 $0.5 $0.4 $2.0 Note: Figures may not sum due to rounding 59
Slide 60: Millstone
4 Contracted Energy Millstone Assumptions 2025E 2026E¹ 2027E 2028E 2029E¹,² Long-term contracted volume (GWh) 8,677 8,694 8,705 8,765 8,839 Long-term contracted price ($/MWh) $49.99 $49.99 $49.99 $49.99 $49.99 Hedged volume (GWh) 7,133 5,172 4,380 1,449 131 Weighted average hedge price ($/MWh) $64.7
Slide 61: Solar
4 Contracted Energy Solar Business summary ▪ 31 projects representing ~1.3 GW ▪ Weighted average remaining PPA life: ~12 years Financial summary 2025E 2026E 2027E 2028E 2029E Total generation (TWh) 2.5 2.5 2.5 2.5 2.5 EBITDA ($M) $89 $88 $82 $79 $78 Capital expenditures ($M) $40 $21 $18 $17 $18 61
Slide 62: RNG
4 Contracted Energy RNG Business summary ▪ Targeting low-teens, pre-tax unlevered IRRs ▪ Minimal ongoing capex ▪ Financial summary below excludes tax credits Financial summary (excludes impact of RNG 45Z and ITC tax credits) 2025E 2026E 2027E 2028E 2029E Capital expenditures ($B) $0.3 — — — — Cumula
Slide 63: Corporate and Other
5 Corporate and Other 63
Slide 64: Corporate and Other overview
5 Corporate and Other Overview Overview Financial summary ▪ Operating earnings for corporate and other After-tax ($M, except per share amounts) 2024A includes items not attributable to Dominion Energy’s primary operating segments, DEV, DESC, Interest expense, net ($537) and Contracted Energy Equity
Slide 65: Retirement benefit plans update: Evaluation complete
5 Corporate and Other Retirement benefit plans update: Evaluation complete ▪ Robust plan funding levels: 111% at year-end 2024 Expected return on asset (EROA) assumption ▪ Dominion Energy is reducing its retirement benefit plan risk by rebalancing asset allocation towards lower risk asset classes 8.
Slide 66: Fixed income
6 Fixed income 66
Slide 67: 2025 capital raising activities
6 Fixed income 2025 capital raising activities Expected fixed income activities¹ ($B) Issuance range Issued YTD Remaining Dominion Energy Virginia $2.0—$2.5 — $2.0—$2.5 Dominion Energy South Carolina 0.5 0.5 — Contracted Energy — — — DEI hybrid 1.0—2.0 — 1.0—2.0 DEI other fixed income 2.0—3.0 — 2.0—
Slide 68: Hybrid overview
6 Fixed income Hybrid overview as of December 31, 2024 Preferred stock Rating agency Outstanding Series and link to term sheet Issued Maturity Dividend rate¹ equity credit Optional 100% redemption dates ($M) treatment Series C preferred stock 12/9/2021 Perpetual $1,000 4.350% 50% 1/15/27 – 4/15/27 o
Slide 69: Credit ratings
6 Fixed income Credit ratings as of December 31, 2024 Dominion Energy, Inc. Moody’s S&P Fitch Corporate/Issuer Baa2 BBB+ BBB+ Senior Unsecured Debt Securities Baa2 BBB BBB+ Junior Subordinated Notes Baa3 BBB- BBB- Preferred Stock Ba1 BBB- BBB- Short-Term/Commercial Paper P-2 A-2 F2 Outlook Stable St
Slide 70: Parent debt
6 Fixed income Parent debt Non-GAAP measures of total adjusted debt, parent debt and parent debt ratio ($B) 2024A Total adjusted debt (non-GAAP)¹ $39.4 Less: DEV total adjusted debt¹ (20.8) Less: DESC total adjusted debt¹ (5.6) Less: Allocated debt to unlevered operating assets² (2.0) Parent debt (n
Slide 71: Company-modeled FFO to debt
6 Fixed income Company-modeled FFO to debt Net cash provided by operating activities (+/-) Changes in working capital¹ (+) Interest expense on junior subordinated notes x 50% Numerator (-) Imputed interest expense on 50% of dividends from preferred stock units (-) CVOW noncontrolling interest (+) Ot
Slide 72: Schedule of long-term debt
6 Fixed income Preliminary and unaudited schedule of long-term debt as of December 31, 2024 ($M) Segment Financing Entity Description Maturity Weighted Avg. Coupon Short-term at 12/31/2024 Long-term at 12/31/2024 DE Virginia VEPCO Unsecured Senior Notes, fixed rates 2025-2054 4.38% $350 $18,435 DE V
Slide 73: Schedule of debt maturities
6 Fixed income Schedule of debt maturities as of December 31, 2024 ($M) Financing Segment Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2025 3.30% 2020 Series A Senior Notes 03/15/25 DEI - - - 400 400 3.10% 2015 Series A Senior Notes 05/15/25 VEPCO 350 - - - 350 3.90% 2015 Series B
Slide 74: Schedule of debt maturities
6 Fixed income Schedule of debt maturities as of December 31, 2024 ($M) Financing Segment Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2027 3.60% 2020 Series B Senior Notes 03/15/27 DEI - - - 350 350 3.50% 2017 Series A Senior Notes 03/15/27 VEPCO 750 - - - 750 5.088% Senior Secur