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Operating Segments | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Operating Segments | Note 21. 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
Dominion Energy Virginia |  | Regulated electric distribution |  | X |  | X |  |
|  | Regulated electric transmission |  | X |  | X |  |
|  | Regulated electric generation fleet(1) |  | X |  | X |  |
Gas Transmission & Storage |  | Regulated gas transmission and storage(2) |  | X |  |  |  | X
|  | LNG terminalling and storage |  | X |  |  |  | X
|  | Nonregulated retail energy marketing |  | X |  |  |  |
Gas Distribution |  | Regulated gas distribution and storage(3) |  | X |  |  |  |
Dominion Energy South Carolina |  | Regulated electric distribution |  | X |  |  |  |
|  | Regulated electric transmission |  | X |  |  |  |
|  | Regulated electric generation fleet |  | X |  |  |  |
|  | Regulated gas distribution and storage |  | X |  |  |  |
Contracted Generation |  | Merchant electric generation fleet |  | X |  |  |  |
(1) | Includes Virginia Power’s nonjurisdictional generation operations.
(2) | Includes gathering and processing activities.
(3) | Includes Wexpro’s gas development and production operations.
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. As discussed in Note 1 in the Companies’ Annual Report on Form 10-K, in December 2019, Dominion Energy realigned its segments which resulted in the formation of five primary operating segments. The information for the three months ended March 31, 2019 presented herein has been recast to reflect the current segment presentation. In the three months ended March 31, 2020, Dominion Energy reported after-tax net expenses of $1.2 billion for specific items in the Corporate and Other segment, with $1.0 billion of net expenses attributable to its operating segments. In the three months ended March 31, 2019, Dominion Energy reported after-tax net expenses of $1.6 billion for specific items in the Corporate and Other segment, with $1.3 billion of net expenses attributable to its operating segments. The net expense for specific items attributable to Dominion Energy’s operating segments in 2020 primarily related to the impact of the following items:
• | A $754 million ($566 million after-tax) charge primarily related to the early retirement of certain Virginia Power electric generation facilities, attributable to Dominion Energy Virginia;
• | A $538 million ($410 million after-tax) loss related to investments in nuclear decommissioning trust funds, attributable to:
| • | Contracted Generation ($364 million after-tax) and;
| • | Dominion Energy Virginia ($46 million after-tax).
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 ($756 million after-tax) charge for refunds of amounts previously collected from retail electric customers of DESC for the NND Project, attributable to Dominion Energy South Carolina;
• | A $369 million ($275 million after-tax) charge related to the early retirement of certain Virginia Power electric generation facilities, attributable to Dominion Energy Virginia;
• | 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 Dominion Energy South Carolina;
• | $178 million ($133 million after-tax) of charges associated with litigation acquired in the SCANA Combination, attributable to Dominion Energy South Carolina;
• | A $160 million ($119 million after-tax) charge related to Virginia Power’s planned early retirement of certain automated meter reading infrastructure, attributable to Dominion Energy Virginia;
• | $106 million ($81 million after-tax) of merger and integration-related costs associated with the SCANA Combination, attributable to Dominion Energy South Carolina;
• | A $105 million ($79 million after-tax) charge for property, plant and equipment acquired in the SCANA Combination for which Dominion Energy committed to forego recovery, attributable to Dominion Energy South Carolina;
• | A $253 million ($197 million after-tax) net gain related to investments in nuclear decommissioning trust funds, attributable to:
| • | Contracted Generation ($175 million after-tax) and;
| • | Dominion Energy Virginia ($22 million after-tax).
• | 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 Dominion Energy Virginia.
The following table presents segment information pertaining to Dominion Energy’s operations:
|  | Dominion Energy Virginia |  |  | Gas Transmission & Storage |  |  | Gas Distribution |  |  | Dominion Energy South Carolina |  |  | Contracted Generation |  |  | Corporate and Other |  |  | Adjustments & Eliminations |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 1,938 |  |  | $ | 644 |  |  | $ | 887 |  |  | $ | 713 |  |  | $ | 286 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 4,496 |
Intersegment revenue |  |  | (3 | ) |  |  | 57 |  |  |  | 3 |  |  |  | 1 |  |  |  | 4 |  |  |  | 279 |  |  |  | (341 | ) |  |  | — |
Total operating revenue |  |  | 1,935 |  |  |  | 701 |  |  |  | 890 |  |  |  | 714 |  |  |  | 290 |  |  |  | 307 |  |  |  | (341 | ) |  |  | 4,496 |
Net income (loss) attributable to Dominion Energy |  |  | 429 |  |  |  | 221 |  |  |  | 225 |  |  |  | 94 |  |  |  | 59 |  |  |  | (1,298 | ) |  |  | - |  |  |  | (270 | )
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 2,001 |  |  | $ | 984 |  |  | $ | 917 |  |  | $ | 689 |  |  | $ | 352 |  |  | $ | (1,052 | ) |  | $ | (33 | ) |  | $ | 3,858 |
Intersegment revenue |  |  | (4 | ) |  |  | 54 |  |  |  | 4 |  |  |  | — |  |  |  | 3 |  |  |  | 277 |  |  |  | (334 | ) |  |  | — |
Total operating revenue |  |  | 1,997 |  |  |  | 1,038 |  |  |  | 921 |  |  |  | 689 |  |  |  | 355 |  |  |  | (775 | ) |  |  | (367 | ) |  |  | 3,858 |
Net income (loss) attributable to Dominion Energy |  |  | 361 |  |  |  | 222 |  |  |  | 205 |  |  |  | 71 |  |  |  | 102 |  |  |  | (1,641 | ) |  |  | - |  |  |  | (680 | )
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 segment that are not included in profit measures evaluated by executive management in assessing the segment’s performance or in allocating resources. As discussed in Note 1 in the Companies’ Annual Report on Form 10-K, in December 2019, Virginia Power realigned its segments which resulted in the formation of one primary operating segment. The information for the three months ended March 31, 2019 presented herein has been recast to reflect the current segment presentation. In the three months ended March 31, 2020, Virginia Power reported after-tax net expenses of $700 million for specific items in the Corporate and Other segment with $634 million of the net expenses attributable to its operating segment. In the three months ended March 31, 2019 Virginia Power reported after-tax expense of $344 million for specific items in the Corporate and Other segment, with $324 million of net expenses attributable to its operating segment. The net expenses for specific items in 2020 primarily related to the impact of the following items:
• | A $754 million ($561 million after-tax) charge related to the early retirement of certain Virginia Power electric generation facilities;
• | A $62 million ($46 million after-tax) loss related to investments in nuclear decommissioning trust funds.
The net expenses for specific items 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;
• | A $160 million ($119 million after-tax) charge related to the planned early retirement of certain automated meter reading infrastructure; and
• | A $29 million ($22 million after-tax) charge related to a portion of rate adjustment clauses for excess deferred taxes which are probable of being returned to customers, 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.
The following table presents segment information pertaining to Virginia Power’s operations:
|  | Dominion Energy Virginia |  |  | Corporate and Other |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,930 |  |  | $ | — |  |  | $ | 1,930 |
Net income (loss) |  |  | 427 |  |  |  | (707 | ) |  |  | (280 | )
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,994 |  |  | $ | (29 | ) |  | $ | 1,965 |
Net income (loss) |  |  | 358 |  |  |  | (338 | ) |  |  | 20 |
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. As discussed in Note 1 in the Companies’ Annual Report on Form 10-K, in December 2019, Dominion Energy Gas realigned its segments which resulted in the formation of one primary operating segment. The information for the three months ended March 31, 2019 presented herein has been recast to reflect the current segment presentation. In both the three months ended March 31, 2020 and 2019, Dominion Energy Gas reported an immaterial amount of specific items in the Corporate and Other segment. The following table presents segment information pertaining to Dominion Energy Gas’ operations:
|  | Gas Transmission & Storage |  |  | Corporate and Other |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended March 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 556 |  |  | $ | — |  |  | $ | 556 |
Net income (loss) attributable to Dominion Energy Gas |  |  | 174 |  |  |  | (5 | ) |  |  | 169 |
Three Months Ended March 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 566 |  |  | $ | — |  |  | $ | 566 |
Net income from discontinued operations |  |  | — |  |  |  | 54 |  |  |  | 54 |
Net income (loss) attributable to Dominion Energy Gas |  |  | 138 |  |  |  | 52 |  |  |  | 190 |

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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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