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Operating Segments | Nov. 18, 2019
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Segment Reporting [Abstract] |
Operating Segments | Note 22. Operating Segments The Companies are organized primarily on the basis of products and services sold in the U.S. A description of the operations included in the Companies’ primary operating segments is as follows:
Primary Operating Segment |  | Description of Operations |  | Dominion Energy |  | Virginia Power |  | Dominion Energy Gas
Power Delivery |  | Regulated electric distribution |  | X |  | X |  |
|  | Regulated electric transmission |  | X |  | X |  |
Power Generation |  | Regulated electric generation fleet |  | X |  | X |  |
|  | Merchant electric generation fleet |  | X |  |  |  |
Gas Infrastructure |  | Gas transmission and storage |  | X |  |  |  | X
|  | Gas distribution and storage |  | X |  |  |  |
|  | Gas gathering and processing |  | X |  |  |  |
|  | LNG terminalling and storage |  | X |  |  |  | X
|  | Nonregulated retail energy marketing |  | X |  |  |  |
Southeast Energy |  | Regulated electric distribution |  | X |  |  |  |
|  | Regulated electric transmission |  | X |  |  |  |
|  | Regulated electric generation fleet |  | X |  |  |  |
|  | Gas distribution and storage |  | X |  |  |  |
|  | Nonregulated retail energy marketing |  | X |  |  |  |
In addition to the operating segments above, the Companies also report a Corporate and Other segment. Dominion Energy The Corporate and Other Segment of Dominion Energy includes its corporate, service company and other functions (including unallocated debt). In addition, Corporate and Other includes specific items attributable to Dominion Energy’s operating segments that are not included in profit measures evaluated by executive management in assessing the segments’ performance or in allocating resources. In the nine months ended September 30, 2019, Dominion Energy reported after-tax net expenses of $2.1 billion for specific items in the Corporate and Other segment, with $2.0 billion of net expenses attributable to its operating segments. In the nine months ended September 30, 2018, Dominion Energy reported after-tax net expenses of $253 million for specific items in the Corporate and Other segment, with $188 million of net expenses attributable to its operating segments. The net expense for specific items attributable to Dominion Energy’s operating segments in 2019 primarily related to the impact of the following items:
• | A $1.0 billion ($760 million after-tax) charge for refunds of amounts previously collected primarily from retail electric customers of DESC for the NND Project, attributable to Southeast Energy;
• | $570 million ($429 million after-tax) of merger and integration-related costs associated with the SCANA Combination, including a $444 million ($332 million after-tax) charge related to a voluntary retirement program, attributable to:
| • | Power Delivery ($77 million after-tax);
| • | Power Generation ($110 million after-tax);
| • | Gas Infrastructure ($82 million after-tax); and
| • | Southeast Energy ($160 million after-tax);
• | A $369 million ($275 million after-tax) charge related to the early retirement of certain Virginia Power electric generation facilities, attributable to Power Generation;
• | $316 million ($237 million after-tax) of charges associated with litigation acquired in the SCANA Combination, attributable to Southeast Energy;
• | A $198 million tax charge for $264 million of income tax-related regulatory assets acquired in the SCANA Combination for which Dominion Energy committed to forgo recovery, attributable to Southeast Energy;
• | A $160 million ($119 million after-tax) charge related to Virginia Power’s planned early retirement of certain automated meter reading infrastructure, attributable to Power Delivery;
• | A $135 million ($100 million after-tax) charge related to Virginia Power’s contract termination with a non-utility generator, attributable to Power Generation; and
• | A $114 million ($86 million after-tax) charge for property, plant and equipment acquired in the SCANA Combination primarily for which Dominion Energy committed to forgo recovery, attributable to Southeast Energy; partially offset by
• | A $364 million ($272 million after-tax) net gain related to investments in nuclear decommissioning trust funds, attributable to Power Generation; and
• | A $113 million ($84 million after-tax) benefit from the revision of future ash pond and landfill closure costs as a result of Virginia legislation enacted in March 2019, attributable to Power Generation.
The net expense for specific items attributable to Dominion Energy’s operating segments in 2018 primarily related to the impact of the following items:
• | A $215 million ($160 million after-tax) charge associated with Virginia legislation enacted in March 2018 that requires one-time rate credits of certain amounts to utility customers, attributable to:
| • | Power Generation ($109 million after-tax); and
| • | Power Delivery ($51 million after-tax);
• | A $156 million ($121 million after-tax) increased net investment earnings on nuclear decommissioning trust funds attributable to Power Generation;
• | A $124 million ($88 million after-tax) charge for disallowance of FERC-regulated plant, attributable to Gas Infrastructure; and
• | An $81 million ($60 million after-tax) charge associated primarily with the asset retirement obligations for ash ponds and landfills at certain utility generation facilities in connection with the enactment of Virginia legislation in April 2018 attributable to Power Generation.
The following table presents segment information pertaining to Dominion Energy’s operations:
|  | Power Delivery |  |  | Power Generation |  |  | Gas Infrastructure |  |  | Southeast Energy |  |  | Corporate and Other |  |  | Adjustments/ Eliminations |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 678 |  |  | $ | 1,848 |  |  | $ | 788 |  |  | $ | 973 |  |  | $ | (18 | ) |  | $ | — |  |  | $ | 4,269 |
Intersegment revenue |  |  | 5 |  |  |  | 6 |  |  |  | 28 |  |  |  | — |  |  |  | 164 |  |  |  | (203 | ) |  |  | — |
Total operating revenue |  |  | 683 |  |  |  | 1,854 |  |  |  | 816 |  |  |  | 973 |  |  |  | 146 |  |  |  | (203 | ) |  |  | 4,269 |
Net income (loss) attributable to Dominion Energy |  |  | 185 |  |  |  | 490 |  |  |  | 232 |  |  |  | 147 |  |  |  | (79 | ) |  |  | — |  |  |  | 975 |
Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 596 |  |  | $ | 2,021 |  |  | $ | 836 |  |  |  |  |  |  | $ | — |  |  | $ | (2 | ) |  | $ | 3,451 |
Intersegment revenue |  |  | 5 |  |  |  | 3 |  |  |  | 7 |  |  |  |  |  |  |  | 160 |  |  |  | (175 | ) |  |  | — |
Total operating revenue |  |  | 601 |  |  |  | 2,024 |  |  |  | 843 |  |  |  |  |  |  |  | 160 |  |  |  | (177 | ) |  |  | 3,451 |
Net income attributable to Dominion Energy |  |  | 163 |  |  |  | 414 |  |  |  | 264 |  |  |  |  |  |  |  | 13 |  |  |  | — |  |  |  | 854 |
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 1,861 |  |  | $ | 5,191 |  |  | $ | 3,042 |  |  | $ | 3,070 |  |  | $ | (1,067 | ) |  | $ | — |  |  | $ | 12,097 |
Intersegment revenue |  |  | 17 |  |  |  | 15 |  |  |  | 83 |  |  |  | — |  |  |  | 611 |  |  |  | (726 | ) |  |  | — |
Total operating revenue |  |  | 1,878 |  |  |  | 5,206 |  |  |  | 3,125 |  |  |  | 3,070 |  |  |  | (456 | ) |  |  | (726 | ) |  |  | 12,097 |
Net income (loss) attributable to Dominion Energy |  |  | 496 |  |  |  | 1,048 |  |  |  | 838 |  |  |  | 361 |  |  |  | (2,394 | ) |  |  | — |  |  |  | 349 |
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 1,687 |  |  | $ | 5,516 |  |  | $ | 2,972 |  |  |  |  |  |  | $ | (210 | ) |  | $ | 40 |  |  | $ | 10,005 |
Intersegment revenue |  |  | 17 |  |  |  | 8 |  |  |  | 21 |  |  |  |  |  |  |  | 505 |  |  |  | (551 | ) |  |  | — |
Total operating revenue |  |  | 1,704 |  |  |  | 5,524 |  |  |  | 2,993 |  |  |  |  |  |  |  | 295 |  |  |  | (511 | ) |  |  | 10,005 |
Net income (loss) attributable to Dominion Energy |  |  | 464 |  |  |  | 1,038 |  |  |  | 840 |  |  |  |  |  |  |  | (536 | ) |  |  | — |  |  |  | 1,806 |
Intersegment sales and transfers for Dominion Energy are based on contractual arrangements and may result in intersegment profit or loss that is eliminated in consolidation. Virginia Power The Corporate and Other Segment of Virginia Power primarily includes specific items attributable to its operating segments that are not included in profit measures evaluated by executive management in assessing the segments’ performance or in allocating resources. In the nine months ended September 30, 2019, Virginia Power reported after-tax net expenses of $673 million for specific items in the Corporate and Other segment, with $653 million of net expenses attributable to its operating segments. In the nine months ended September 30, 2018, Virginia Power reported after-tax net expenses of $229 million for specific items in the Corporate and Other segment, with $226 million of net expenses attributable to its operating segments. The net expense for specific items attributable to Virginia Power’s operating segments in 2019 primarily related to the impact of the following items:
• | A $369 million ($275 million after-tax) charge related to the early retirement of certain electric generation facilities, attributable to Power Generation;
• | A $197 million ($146 million after-tax) charge related to a voluntary retirement program, attributable to:
| • | Power Delivery ($74 million after-tax); and
| • | Power Generation ($72 million after-tax);
• | A $160 million ($119 million after-tax) charge related to the planned early retirement of certain automated meter reading infrastructure, attributable to Power Delivery;
• | A $135 million ($100 million after-tax) charge related to a contract termination with a non-utility generator, attributable to Power Generation; and
• | A $62 million ($46 million after-tax) charge related the abandonment of a project at an electric generating facility, attributable to Power Generation; partially offset by
• | A $113 million ($84 million after-tax) benefit from the revision of future ash pond and landfill closure costs as a result of Virginia legislation enacted in March 2019, attributable to Power Generation.
The net expense for specific items attributable to Virginia Power’s operating segments in 2018 primarily related to the impact of the following items:
• | A $215 million ($160 million after-tax) charge associated with Virginia legislation enacted in March 2018 that requires one-time rate credits of certain amounts to utility customers, attributable to:
| • | Power Generation ($109 million after-tax); and
| • | Power Delivery ($51 million after-tax); and
• | An $81 million ($60 million after-tax) charge associated primarily with the asset retirement obligations for ash ponds and landfills at certain utility generation facilities in connection with the enactment of Virginia legislation in April 2018 attributable to Power Generation.
The following table presents segment information pertaining to Virginia Power’s operations:
|  | Power Delivery |  |  | Power Generation |  |  | Corporate and Other |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 677 |  |  | $ | 1,587 |  |  | $ | — |  |  | $ | 2,264 |
Net income (loss) |  |  | 184 |  |  |  | 444 |  |  |  | (26 | ) |  |  | 602 |
Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 595 |  |  | $ | 1,637 |  |  | $ | — |  |  | $ | 2,232 |
Net income |  |  | 163 |  |  |  | 347 |  |  |  | 10 |  |  |  | 520 |
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,860 |  |  | $ | 4,336 |  |  | $ | (29 | ) |  | $ | 6,167 |
Net income (loss) |  |  | 494 |  |  |  | 885 |  |  |  | (657 | ) |  |  | 722 |
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,686 |  |  | $ | 4,338 |  |  | $ | (215 | ) |  | $ | 5,809 |
Net income (loss) |  |  | 462 |  |  |  | 796 |  |  |  | (215 | ) |  |  | 1,043 |
Dominion Energy Gas The Corporate and Other Segment of Dominion Energy Gas primarily includes specific items attributable to Dominion Energy Gas’ operating segment that are not included in profit measures evaluated by executive management in assessing the segment’s performance or in allocating resources and the effect of certain items recorded at Dominion Energy Gas as a result of Dominion Energy’s basis in the net assets contributed. In addition, Corporate and Other includes the net impact of discontinued operations, which are discussed in Note 3. In the nine months ended September 30, 2019, Dominion Energy Gas reported after-tax net expense of $66 million for specific items in the Corporate and Other segment, all of which are attributable to its operating segment. In the nine months ended September 30, 2018, Dominion Energy Gas reported after-tax net expenses of $98 million for specific items in the Corporate and Other segment, with $97 million of net expenses attributable to its operating segment. The net expense for specific items in 2019 primarily related to the impact of a $42 million ($31 million after-tax) charge related to a voluntary retirement program. The net expense for specific items attributable to Dominion Energy Gas’ operating segment in 2018 primarily related to a $124 million ($88 million after-tax) charge for disallowance of FERC-regulated plant, attributable to Gas Infrastructure. The following table presents segment information pertaining to Dominion Energy Gas’ operations:
|  | Gas Infrastructure |  |  | Corporate and Other |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |
Three Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 525 |  |  | $ | (23 | ) |  | $ | 502 |
Net income from discontinued operations |  |  | — |  |  |  | 45 |  |  |  | 45 |
Net income attributable to Dominion Energy Gas |  |  | 134 |  |  |  | 17 |  |  |  | 151 |
Three Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 533 |  |  | $ | — |  |  | $ | 533 |
Net income from discontinued operations |  |  | — |  |  |  | 33 |  |  |  | 33 |
Net income attributable to Dominion Energy Gas |  |  | 173 |  |  |  | 18 |  |  |  | 191 |
Nine Months Ended September 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,621 |  |  | $ | (23 | ) |  | $ | 1,598 |
Net income from discontinued operations |  |  | — |  |  |  | 125 |  |  |  | 125 |
Net income attributable to Dominion Energy Gas |  |  | 423 |  |  |  | 37 |  |  |  | 460 |
Nine Months Ended September 30, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,431 |  |  | $ | — |  |  | $ | 1,431 |
Net income from discontinued operations |  |  | — |  |  |  | 135 |  |  |  | 135 |
Net income attributable to Dominion Energy Gas |  |  | 426 |  |  |  | 28 |  |  |  | 454 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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