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Operating Revenue | 3 Months Ended
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Mar. 31, 2020
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Operating Revenue | Note 4. Operating Revenue The Companies’ operating revenue consists of the following:
|  | Three Months Ended March 31, |
|  | 2020 |  |  | 2019 |
(millions) |  |  |  |  |  |  |  |
Dominion Energy |  |  |  |  |  |  |  |
Regulated electric sales: |  |  |  |  |  |  |  |
Residential |  | $ | 1,158 |  |  | $ | 646 |
Commercial |  |  | 798 |  |  |  | 496 |
Industrial |  |  | 182 |  |  |  | 30 |
Government and other retail |  |  | 219 |  |  |  | 200 |
Wholesale |  |  | 33 |  |  |  | 48 |
Nonregulated electric sales |  |  | 232 |  |  |  | 316 |
Regulated gas sales: |  |  |  |  |  |  |  |
Residential |  |  | 548 |  |  |  | 602 |
Commercial |  |  | 191 |  |  |  | 191 |
Other |  |  | 28 |  |  |  | 38 |
Nonregulated gas sales |  |  | 83 |  |  |  | 247 |
Regulated gas transportation and storage: |  |  |  |  |  |  |  |
FERC-regulated |  |  | 281 |  |  |  | 277 |
State-regulated |  |  | 232 |  |  |  | 213 |
Nonregulated gas transportation and storage |  |  | 175 |  |  |  | 174 |
Other regulated revenues(1) |  |  | 75 |  |  |  | 58 |
Other nonregulated revenues(1)(2) |  |  | 88 |  |  |  | 95 |
Total operating revenue from contracts with customers |  |  | 4,323 |  |  |  | 3,631 |
Other revenues(3) |  |  | 173 |  |  |  | 227 |
Total operating revenue |  | $ | 4,496 |  |  | $ | 3,858 |
Virginia Power |  |  |  |  |  |  |  |
Regulated electric sales: |  |  |  |  |  |  |  |
Residential |  | $ | 896 |  |  | $ | 923 |
Commercial |  |  | 614 |  |  |  | 636 |
Industrial |  |  | 97 |  |  |  | 112 |
Government and other retail |  |  | 203 |  |  |  | 204 |
Wholesale |  |  | 24 |  |  |  | 37 |
Other regulated revenues(2) |  |  | 62 |  |  |  | 33 |
Other nonregulated revenues(1)(2) |  |  | 13 |  |  |  | 6 |
Total operating revenue from contracts with customers |  |  | 1,909 |  |  |  | 1,951 |
Other revenues(2)(3) |  |  | 21 |  |  |  | 14 |
Total operating revenue |  | $ | 1,930 |  |  | $ | 1,965 |
Dominion Energy Gas |  |  |  |  |  |  |  |
Regulated gas sales - wholesale |  | $ | 2 |  |  | $ | 2 |
Nonregulated gas sales(2) |  |  | 1 |  |  |  | 2 |
Regulated gas transportation and storage |  |  | 344 |  |  |  | 340 |
Nonregulated gas transportation and storage |  |  | 175 |  |  |  | 174 |
Management service revenue(2) |  |  | 31 |  |  |  | 44 |
Other regulated revenues(1)(2) |  |  | 1 |  |  |  | 3 |
Other nonregulated revenues(1)(2) |  |  | 1 |  |  |  | — |
Total operating revenue from contracts with customers |  |  | 555 |  |  |  | 565 |
Other revenues |  |  | 1 |  |  |  | 1 |
Total operating revenue |  | $ | 556 |  |  | $ | 566 |
1) | Amounts above include sales which are considered to be goods transferred at a point in time. For the three months ended March 31, 2020 and 2019, such amounts included $39 million and $48 million, respectively, at Dominion Energy and $1 million for both the three months ended March 31, 2020 and 2019, at Dominion Energy Gas, consisting of NGL sales. Additionally, amounts above include sales of renewable energy credits. For the three months ended March 31, 2020 and 2019, such sales were $4 million and $3 million, respectively, at Dominion Energy and $3 million and $1 million, respectively, at Virginia Power.
2) | See Notes 10 and 19 for amounts attributable to related parties and affiliates.
3) | Includes alternative revenue. For the three months ended March 31, 2020 and 2019, such amounts included $36 million and $14 million, respectively, at Dominion Energy and $17 million and $8 million, respectively, at Virginia Power.
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 March 31, 2020 |  | 2020 |  |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Thereafter |  |  | Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dominion Energy |  | $ | 1,222 |  |  | $ | 1,562 |  |  | $ | 1,474 |  |  | $ | 1,312 |  |  | $ | 1,187 |  |  | $ | 13,089 |  |  | $ | 19,846 |
Virginia Power |  |  | 2 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3 |
Dominion Energy Gas |  |  | 1,336 |  |  |  | 1,714 |  |  |  | 1,581 |  |  |  | 1,395 |  |  |  | 1,242 |  |  |  | 13,270 |  |  |  | 20,538 |
Contract assets represent an entity’s right to consideration in exchange for goods and services that the entity has transferred to a customer. At March 31, 2020 and December 31, 2019, Dominion Energy’s contract asset balances were $26 million and $28 million, respectively. Dominion Energy Gas’ contract asset balances were $37 million and $40 million at March 31, 2020 and December 31, 2019, 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 March 31, 2020 and December 31, 2019, Dominion Energy’s contract liability balances were $86 million and $123 million, respectively. At March 31, 2020 and December 31, 2019, Virginia Power’s contract liability balances were $23 million and $24 million, respectively. At March 31, 2020 and December 31, 2019, Dominion Energy Gas’ contract liability balances were $21 million and $20 million, respectively. The Companies’ contract liabilities are recorded in other current liabilities and other deferred credits and other liabilities in the Consolidated Balance Sheets. The Companies recognize revenue as they fulfill their obligations to provide service to their customers. During the three months ended March 31, 2020 and 2019, Dominion Energy recognized revenue of $105 million and $85 million, respectively, from the beginning contract liability balances. During the three months ended March 31, 2020 and 2019, Virginia Power recognized $24 million and $22 million, respectively, from the beginning contract liability balance. During the three months ended March 31, 2020 and 2019, Dominion Energy Gas recognized $1 million and $25 million from the beginning contract liability balance.

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