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) has filed a Current Report on Form 8-K to provide updated financial information for the quarter ended September 30, 2019. This filing primarily concerns a restructuring completed by its subsidiary, Dominion Energy Gas Holdings, LLC (Dominion Energy Gas). The restructuring involved Dominion Energy Gas acquiring Dominion Cove Point, LLC and Dominion MLP Holding Company II, LLC, while simultaneously disposing of The East Ohio Gas Company and Dominion Gathering and Processing, Inc. This 8-K is significant for investors as it attaches revised, unaudited consolidated financial statements and Management's Discussion and Analysis (MD&A) for Dominion Energy, Inc., Virginia Electric and Power Company, and Dominion Energy Gas. These updated financial statements are presented retrospectively to reflect the restructuring as if it occurred at the beginning of the reported period. Investors should consult these updated documents, alongside the original Q3 2019 Form 10-Q, to understand the full financial impact of this restructuring on the company's performance and position.

Key Highlights

  • 1Dominion Energy Gas Holdings, LLC completed a significant restructuring, including acquisitions and dispositions of certain gas-related entities.
  • 2The 8-K provides updated, unaudited consolidated financial statements for Dominion Energy, Inc., Virginia Electric and Power Company, and Dominion Energy Gas for the quarter ended September 30, 2019.
  • 3These financial statements are retrospectively adjusted to reflect the completed restructuring from the beginning of the reporting period.
  • 4Updated Management's Discussion and Analysis (MD&A) related to the restructured Dominion Energy Gas is also included.
  • 5This filing replaces specific sections of the previously filed 2019 Third Quarter Form 10-Q, requiring investors to review these new exhibits for the most accurate Q3 2019 financial picture.
  • 6The updated financial information is crucial for understanding the impact of the restructuring on Dominion Energy's financial condition and operational results.

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