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Operating Revenue | 9 Months Ended
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Sep. 30, 2019
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Operating Revenue | Note 4. Operating Revenue The Companies’ operating revenue consists of the following:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dominion Energy |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated electric sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 1,440 |  |  | $ | 1,036 |  |  | $ | 3,180 |  |  | $ | 2,641 |
Commercial |  |  | 962 |  |  |  | 737 |  |  |  | 2,347 |  |  |  | 1,897 |
Industrial |  |  | 227 |  |  |  | 143 |  |  |  | 474 |  |  |  | 371 |
Government and other retail |  |  | 244 |  |  |  | 224 |  |  |  | 658 |  |  |  | 647 |
Wholesale |  |  | 45 |  |  |  | 30 |  |  |  | 134 |  |  |  | 95 |
Nonregulated electric sales |  |  | 197 |  |  |  | 322 |  |  |  | 688 |  |  |  | 1,022 |
Regulated gas sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 121 |  |  |  | 73 |  |  |  | 900 |  |  |  | 553 |
Commercial |  |  | 52 |  |  |  | 15 |  |  |  | 316 |  |  |  | 152 |
Other |  |  | 23 |  |  |  | 3 |  |  |  | 86 |  |  |  | 14 |
Nonregulated gas sales |  |  | 51 |  |  |  | 42 |  |  |  | 369 |  |  |  | 139 |
Regulated gas transportation and storage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FERC-regulated |  |  | 248 |  |  |  | 266 |  |  |  | 772 |  |  |  | 800 |
State-regulated |  |  | 168 |  |  |  | 138 |  |  |  | 547 |  |  |  | 472 |
Nonregulated gas transportation and storage |  |  | 153 |  |  |  | 162 |  |  |  | 501 |  |  |  | 286 |
Other regulated revenues(1) |  |  | 54 |  |  |  | 38 |  |  |  | 180 |  |  |  | 132 |
Other nonregulated revenues(1)(2) |  |  | 96 |  |  |  | 133 |  |  |  | 305 |  |  |  | 410 |
Total operating revenue from contracts with customers |  |  | 4,081 |  |  |  | 3,362 |  |  |  | 11,457 |  |  |  | 9,631 |
Other revenues(3) |  |  | 188 |  |  |  | 89 |  |  |  | 640 |  |  |  | 374 |
Total operating revenue |  | $ | 4,269 |  |  | $ | 3,451 |  |  | $ | 12,097 |  |  | $ | 10,005 |
Virginia Power |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated electric sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 1,085 |  |  | $ | 1,036 |  |  | $ | 2,816 |  |  | $ | 2,641 |
Commercial |  |  | 732 |  |  |  | 737 |  |  |  | 2,049 |  |  |  | 1,897 |
Industrial |  |  | 121 |  |  |  | 143 |  |  |  | 351 |  |  |  | 371 |
Government and other retail |  |  | 224 |  |  |  | 224 |  |  |  | 625 |  |  |  | 647 |
Wholesale |  |  | 31 |  |  |  | 30 |  |  |  | 97 |  |  |  | 95 |
Other regulated revenues(1) |  |  | 36 |  |  |  | 30 |  |  |  | 124 |  |  |  | 95 |
Other nonregulated revenues(2) |  |  | 21 |  |  |  | 10 |  |  |  | 54 |  |  |  | 41 |
Total operating revenue from contracts with customers |  |  | 2,250 |  |  |  | 2,210 |  |  |  | 6,116 |  |  |  | 5,787 |
Other revenues(2)(3) |  |  | 14 |  |  |  | 22 |  |  |  | 51 |  |  |  | 22 |
Total operating revenue |  | $ | 2,264 |  |  | $ | 2,232 |  |  | $ | 6,167 |  |  | $ | 5,809 |
Dominion Energy Gas |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated gas sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 9 |  |  | $ | 12 |  |  | $ | 51 |  |  | $ | 54 |
Other |  |  | 1 |  |  |  | — |  |  |  | 3 |  |  |  | 9 |
Nonregulated gas sales(2) |  |  | 2 |  |  |  | 2 |  |  |  | 5 |  |  |  | 5 |
Regulated gas transportation and storage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FERC-regulated(2) |  |  | 180 |  |  |  | 179 |  |  |  | 566 |  |  |  | 561 |
State-regulated(2) |  |  | 139 |  |  |  | 131 |  |  |  | 460 |  |  |  | 450 |
NGL revenue(1)(2) |  |  | 31 |  |  |  | 42 |  |  |  | 112 |  |  |  | 146 |
Management service revenue(2) |  |  | 23 |  |  |  | 50 |  |  |  | 81 |  |  |  | 157 |
Other regulated revenues(2) |  |  | 4 |  |  |  | 4 |  |  |  | 17 |  |  |  | 16 |
Other nonregulated revenues(1)(2) |  |  | 3 |  |  |  | 3 |  |  |  | 7 |  |  |  | 9 |
Total operating revenue from contracts with customers |  |  | 392 |  |  |  | 423 |  |  |  | 1,302 |  |  |  | 1,407 |
Other revenues |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Total operating revenue |  | $ | 392 |  |  | $ | 423 |  |  | $ | 1,303 |  |  | $ | 1,408 |
(1) | Amounts above include $36 million and $28 million for the three months ended September 30, 2019, $108 million and $91 million for the three months ended September 30, 2018, $129 million and $101 million for the nine months ended September 30, 2019 and $170 million and $138 million for the nine months ended September 30, 2018 primarily consisting of NGL sales at Dominion Energy and Dominion Energy Gas, respectively, which are considered to be goods transferred at a point in time. In addition, the amounts include $12 million and $19 million of sales of renewable energy credits at Dominion Energy for the three and nine months ended September 30, 2019, respectively, $11 million and $14 million at Virginia Power for the three and nine months ended September 30, 2019, respectively, and $10 million and $11 million at both Dominion Energy and Virginia Power for the three and nine months ended September 30, 2018, respectively, which are considered to be goods transferred at a point in time.
(2) | See Notes 10 and 20 for amounts attributable to related parties and affiliates.
(3) | Amounts above include alternative revenue of $9 million and $44 million at Dominion Energy and $9 million and $35 million at Virginia Power for the three and nine months ended September 30, 2019, respectively.
The table below discloses the aggregate amount of the transaction price allocated to fixed-price performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period and when the Companies expect to recognize this revenue. These revenues relate to contracts containing fixed prices where the Companies will earn the associated revenue over time as they stand ready to perform services provided. This disclosure does not include revenue related to performance obligations that are part of a contract with original durations of one year or less. In addition, this disclosure does not include expected consideration related to performance obligations for which the Companies elect to recognize revenue in the amount they have a right to invoice.
Revenue expected to be recognized on multi-year contracts in place at September 30, 2019 |  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | Thereafter |  |  | Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dominion Energy |  | $ | 431 |  |  | $ | 1,545 |  |  | $ | 1,446 |  |  | $ | 1,344 |  |  | $ | 1,199 |  |  | $ | 13,502 |  |  | $ | 19,467 |
Virginia Power |  |  | 5 |  |  |  | 3 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9 |
Dominion Energy Gas |  |  | 168 |  |  |  | 617 |  |  |  | 541 |  |  |  | 443 |  |  |  | 325 |  |  |  | 1,902 |  |  |  | 3,996 |
Contract assets represent an entity’s right to consideration in exchange for goods and services that the entity has transferred to a customer. At September 30, 2019 and December 31, 2018, Dominion Energy’s contract asset balances were $34 million and $42 million, respectively. Dominion Energy Gas’ contract asset balances were $47 million and $58 million at September 30, 2019 and December 31, 2018, respectively. Dominion Energy and Dominion Energy Gas’ contract assets are recorded in other deferred charges and other assets in the Consolidated Balance Sheets. Contract liabilities represent an entity’s obligation to transfer goods or services to a customer for which the entity has received consideration, or the amount that is due, from the customer. At September 30, 2019 and December 31, 2018, Dominion Energy’s contract liability balances were $127 million and $106 million, respectively. At September 30, 2019 and December 31, 2018, Virginia Power’s contract liability balances were $25 million and $22 million, respectively. At September 30, 2019 and December 31, 2018, Dominion Energy Gas’ contract liability balances were $38 million and $40 million, respectively. During the nine months ended September 30, 2019, Dominion Energy, Virginia Power and Dominion Energy Gas recognized revenue of $92 million, $22 million and $40 million, respectively, from the beginning contract liability balances as the Companies fulfilled their obligations to provide service to their customers. The Companies’ contract liabilities are recorded in other current liabilities and other deferred credits and other liabilities in the Consolidated Balance Sheets.

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