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Operating Segments | 6 Months Ended
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Jun. 30, 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 for the year ended December 31, 2019, in December 2019, Dominion Energy realigned its segments which resulted in the formation of five primary operating segments. The information for the six months ended June 30, 2019 presented herein has been recast to reflect the current segment presentation. In the six months ended June 30, 2020, Dominion Energy reported after-tax net expenses of $3.1 billion for specific items in the Corporate and Other segment, with $2.9 billion of net expenses attributable to its operating segments. In the six months ended June 30, 2019, Dominion Energy reported after-tax net expenses of $2.1 billion for specific items in the Corporate and Other segment, with $1.8 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:
• | $2.8 billion ($2.2 billion after-tax) of charges associated with the cancellation of the Atlantic Coast Pipeline Project and the related portions of the Supply Header Project, attributable to Gas Transmission & Storage;
• | A $751 million ($564 million after-tax) charge primarily related to the planned early retirement of certain Virginia Power electric generation facilities, attributable to Dominion Energy Virginia; and
• | A $145 million ($115 million after-tax) loss related to investments in nuclear decommissioning trust funds, attributable to:
| • | Contracted Generation ($100 million after-tax) and;
| • | Dominion Energy Virginia ($15 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;
• | $446 million ($339 million after-tax) of merger and integration-related costs associated with the SCANA Combination, including a $425 million ($317 million after-tax) charge related to a voluntary retirement program, attributable to:
| • | Dominion Energy Virginia ($145 million after-tax);
| • | Gas Transmission & Storage ($39 million after-tax);
| • | Gas Distribution ($53 million after-tax);
| • | Dominion Energy South Carolina ($64 million after-tax) and;
| • | Contracted Generation ($38 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 Dominion Energy Virginia;
• | $278 million ($209 million after-tax) of charges associated with litigation acquired in the SCANA Combination, attributable to Dominion Energy South Carolina;
• | 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;
• | 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;
• | A $135 million ($100 million after-tax) charge related to Virginia Power’s contract termination with a non-utility generator, attributable to Dominion Energy Virginia; 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 forego recovery, attributable to Dominion Energy South Carolina; partially offset by
• | A $336 million ($251 million after-tax) net gain related to investments in nuclear decommissioning trust funds, attributable to:
| • | Contracted Generation ($222 million after-tax) and;
| • | Dominion Energy Virginia ($29 million after-tax); 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 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 June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 1,818 |  |  | $ | 528 |  |  | $ | 400 |  |  | $ | 634 |  |  | $ | 238 |  |  | $ | (32 | ) |  | $ | (1 | ) |  | $ | 3,585 |
Intersegment revenue |  |  | (4 | ) |  |  | 49 |  |  |  | 2 |  |  |  | 1 |  |  |  | 5 |  |  |  | 262 |  |  |  | (315 | ) |  |  | — |
Total operating revenue |  |  | 1,814 |  |  |  | 577 |  |  |  | 402 |  |  |  | 635 |  |  |  | 243 |  |  |  | 230 |  |  |  | (316 | ) |  |  | 3,585 |
Net income (loss) attributable to Dominion Energy |  |  | 437 |  |  |  | 184 |  |  |  | 87 |  |  |  | 75 |  |  |  | 21 |  |  |  | (1,973 | ) |  |  | — |  |  |  | (1,169 | )
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 1,945 |  |  | $ | 664 |  |  | $ | 397 |  |  | $ | 701 |  |  | $ | 249 |  |  | $ | (18 | ) |  | $ | 32 |  |  | $ | 3,970 |
Intersegment revenue |  |  | (2 | ) |  |  | 91 |  |  |  | 3 |  |  |  | 2 |  |  |  | 4 |  |  |  | 386 |  |  |  | (484 | ) |  |  | — |
Total operating revenue |  |  | 1,943 |  |  |  | 755 |  |  |  | 400 |  |  |  | 703 |  |  |  | 253 |  |  |  | 368 |  |  |  | (452 | ) |  |  | 3,970 |
Net income (loss) attributable to Dominion Energy |  |  | 393 |  |  |  | 177 |  |  |  | 66 |  |  |  | 95 |  |  |  | 13 |  |  |  | (690 | ) |  |  | — |  |  |  | 54 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 3,756 |  |  | $ | 1,172 |  |  | $ | 1,287 |  |  | $ | 1,347 |  |  | $ | 524 |  |  | $ | (4 | ) |  | $ | (1 | ) |  | $ | 8,081 |
Intersegment revenue |  |  | (7 | ) |  |  | 106 |  |  |  | 5 |  |  |  | 2 |  |  |  | 9 |  |  |  | 541 |  |  |  | (656 | ) |  |  | — |
Total operating revenue |  |  | 3,749 |  |  |  | 1,278 |  |  |  | 1,292 |  |  |  | 1,349 |  |  |  | 533 |  |  |  | 537 |  |  |  | (657 | ) |  |  | 8,081 |
Net income (loss) attributable to Dominion Energy |  |  | 866 |  |  |  | 405 |  |  |  | 312 |  |  |  | 169 |  |  |  | 80 |  |  |  | (3,271 | ) |  |  | — |  |  |  | (1,439 | )
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenue from external customers |  | $ | 3,946 |  |  | $ | 1,647 |  |  | $ | 1,314 |  |  | $ | 1,390 |  |  | $ | 601 |  |  | $ | (1,070 | ) |  | $ | — |  |  | $ | 7,828 |
Intersegment revenue |  |  | (6 | ) |  |  | 146 |  |  |  | 7 |  |  |  | 2 |  |  |  | 7 |  |  |  | 663 |  |  |  | (819 | ) |  |  | — |
Total operating revenue |  |  | 3,940 |  |  |  | 1,793 |  |  |  | 1,321 |  |  |  | 1,392 |  |  |  | 608 |  |  |  | (407 | ) |  |  | (819 | ) |  |  | 7,828 |
Net income (loss) attributable to Dominion Energy |  |  | 754 |  |  |  | 399 |  |  |  | 271 |  |  |  | 166 |  |  |  | 115 |  |  |  | (2,331 | ) |  |  | — |  |  |  | (626 | )
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 for the year ended December 31, 2019, in December 2019, Virginia Power realigned its segments which resulted in the formation of one primary operating segment. The information for the six months ended June 30, 2019 presented herein has been recast to reflect the current segment presentation. In the six months ended June 30, 2020, Virginia Power reported after-tax net expenses of $654 million for specific items in the Corporate and Other segment, all of which was attributable to its operating segment. In the six months ended June 30, 2019, Virginia Power reported after-tax expense of $652 million for specific items in the Corporate and Other segment, with $607 million of net expenses attributable to its operating segment. The net expense for specific items attributable to Virginia Power’s operating segment in 2020 primarily related to a $751 million ($559 million after-tax) charge related to the planned early retirement of certain electric generation facilities. 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 $192 million ($143 million after-tax) charge related to a voluntary retirement program;
• | A $160 million ($119 million after-tax) charge related to the planned early retirement of certain automated meter reading infrastructure;
• | A $135 million ($100 million after-tax) charge related to a contract termination with a non-utility generator; and
• | A $62 million ($46 million after-tax) charge related the abandonment of a project at an electric generating facility; 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 June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,805 |  |  | $ | — |  |  | $ | 1,805 |
Net income |  |  | 435 |  |  |  | 55 |  |  |  | 490 |
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,938 |  |  | $ | — |  |  | $ | 1,938 |
Net income (loss) |  |  | 393 |  |  |  | (293 | ) |  |  | 100 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 3,735 |  |  | $ | — |  |  | $ | 3,735 |
Net income (loss) |  |  | 862 |  |  |  | (652 | ) |  |  | 210 |
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 3,932 |  |  | $ | (29 | ) |  | $ | 3,903 |
Net income (loss) |  |  | 751 |  |  |  | (631 | ) |  |  | 120 |
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 for the year ended December 31, 2019, in December 2019, Dominion Energy Gas realigned its segments which resulted in the formation of one primary operating segment. The information for six months ended June 30, 2019 presented herein has been recast to reflect the current segment presentation. In the six months ended June 30, 2020, Dominion Energy Gas reported after-tax net expenses of $365 million for specific items in the Corporate and Other segment, all of which was attributable to its operating segment. In the six months ended June 30, 2019, Dominion Energy Gas reported after-tax net expenses of $44 million for specific items in the Corporate and Other segment, with $43 million of net expenses attributable to its operating segment. The net expense for specific items attributable to Dominion Energy Gas’ operating segment in 2020 primarily related to a $482 million ($359 million after-tax) charge associated with the Supply Header Project. The net expense for specific items attributable to Dominion Energy Gas’ operating segment in 2019 primarily related to a $42 million ($31 million after-tax) charge related to a voluntary retirement program. The following table presents segment information pertaining to Dominion Energy Gas’ operations:
|  | Gas Transmission & Storage |  |  | Corporate and Other |  |  | Consolidated Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Three Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 510 |  |  | $ | — |  |  | $ | 510 |
Net income (loss) attributable to Dominion Energy Gas |  |  | 163 |  |  |  | (361 | ) |  |  | (198 | )
Three Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 530 |  |  | $ | — |  |  | $ | 530 |
Net income from discontinued operations |  |  | — |  |  |  | 26 |  |  |  | 26 |
Net income attributable to Dominion Energy Gas |  |  | 116 |  |  |  | 3 |  |  |  | 119 |
Six Months Ended June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,066 |  |  | $ | — |  |  | $ | 1,066 |
Net income (loss) attributable to Dominion Energy Gas |  |  | 337 |  |  |  | (366 | ) |  |  | (29 | )
Six Months Ended June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 1,096 |  |  | $ | — |  |  | $ | 1,096 |
Net income from discontinued operations |  |  | — |  |  |  | 80 |  |  |  | 80 |
Net income attributable to Dominion Energy Gas |  |  | 254 |  |  |  | 55 |  |  |  | 309 |

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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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