8-KOther EventsExhibits & Filings

DOMINION ENERGY, INC 8-K Report, Corporate Update (Nov 18, 2019)

Filed November 18, 2019For Securities:D

Summary

Dominion Energy, Inc. (D) filed an 8-K on November 18, 2019, to provide updated financial information for the quarter ended March 31, 2019. This filing includes restated unaudited consolidated financial statements for Dominion Energy, Inc., Virginia Electric and Power Company, and Dominion Energy Gas Holdings, LLC. The primary purpose of these restatements is to reflect a significant restructuring completed by Dominion Energy Gas Holdings, LLC, which involved acquiring Dominion Cove Point, LLC and Dominion MLP Holding Company II, LLC, and disposing of The East Ohio Gas Company and Dominion Gathering and Processing, Inc. Investors should note that these revised financial statements, presented as Exhibit 99.1 and Exhibit 99.2 (Management's Discussion and Analysis), give retrospective effect to the restructuring as if it had occurred at the beginning of the presented period. This allows for a more accurate comparison of the company's financial performance and position post-restructuring. Investors are advised to read this filing in conjunction with the company's prior 2019 First Quarter Form 10-Q filing and other SEC submissions for a comprehensive understanding of Dominion Energy's financial status.

Key Highlights

  • 1Dominion Energy Gas Holdings, LLC completed a significant restructuring involving acquisitions and dispositions of business units.
  • 2Unaudited consolidated financial statements for the quarter ended March 31, 2019, have been restated to reflect the restructuring.
  • 3The restated financial statements are presented retrospectively, treating the restructuring as if it occurred at the beginning of the reporting period.
  • 4Exhibit 99.1 contains the updated unaudited consolidated financial statements for Dominion Energy, Inc., Virginia Electric and Power Company, and Dominion Energy Gas.
  • 5Exhibit 99.2 provides the updated Management's Discussion and Analysis (MD&A) related to the restated financial statements.
  • 6This 8-K filing supplements, rather than replaces, all information in the original Form 10-Q for the first quarter of 2019.
  • 7The filing includes financial statements in iXBRL format for increased data accessibility.

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