Dominion Energy, Inc. (NYSE:D) Q3 2023 Earnings Call Transcript

Carly Davenport: Great. Thanks for that. And then, appreciate the disclosure on the interest rate exposure. Just on the $8 billion in the interest rate derivatives that you highlighted, is there anything you can provide in terms of the tenor on those contracts, just as we think about the moving pieces on financing costs in the coming years relative to that? I think it was the sub 3% average coupon that you highlighted.

Bob Blue: Yeah. So we’ve got derivatives at both VEPCO as well as at the holding company and more at the holding company than at Vepco. Vepco is, because we use hedge accounting, we’re a little more restricted on when we utilize those hedges. So those are ’24-’25 style hedges at DEI. We’re able to use any time in advance of a future settlement date. So we’ve got some flexibility in timing of use of that, anywhere between now and 2028, based on the current notional. So we’ve got some flexibility there and as part of the investor day, we’ll of course provide some incremental disclosure around how we intend to utilize that portfolio.

Carly Davenport: Great. That’s very helpful. Thank you.

Operator: And we have reached our allotted time for our question-and-answer session. This does conclude this morning’s conference call. You may disconnect your lines and enjoy your day.