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Operating Revenue | 12 Months Ended
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Dec. 31, 2020
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Operating Revenue | NOTE 4. OPERATING REVENUE The Companies’ operating revenue consists of the following:
Year Ended December 31, |  | 2020 |  |  | 2019 |  |  | 2018 |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
Dominion Energy |  |  |  |  |  |  |  |  |  |  |  |
Regulated electric sales: |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 4,833 |  |  | $ | 4,325 |  |  | $ | 3,413 |
Commercial |  |  | 3,102 |  |  |  | 3,219 |  |  |  | 2,503 |
Industrial |  |  | 730 |  |  |  | 683 |  |  |  | 490 |
Government and other retail |  |  | 868 |  |  |  | 873 |  |  |  | 854 |
Wholesale |  |  | 128 |  |  |  | 176 |  |  |  | 137 |
Nonregulated electric sales |  |  | 803 |  |  |  | 926 |  |  |  | 1,294 |
Regulated gas sales: |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 1,283 |  |  |  | 1,343 |  |  |  | 818 |
Commercial |  |  | 457 |  |  |  | 457 |  |  |  | 221 |
Other |  |  | 88 |  |  |  | 109 |  |  |  | 11 |
Nonregulated gas sales |  |  | 174 |  |  |  | 495 |  |  |  | 210 |
Regulated gas transportation and storage |  |  | 801 |  |  |  | 742 |  |  |  | 640 |
Other regulated revenues |  |  | 327 |  |  |  | 252 |  |  |  | 178 |
Other nonregulated revenues(1)(2) |  |  | 158 |  |  |  | 145 |  |  |  | 122 |
Total operating revenue from contracts with customers |  |  | 13,752 |  |  |  | 13,745 |  |  |  | 10,891 |
Other revenues(3)(4) |  |  | 420 |  |  |  | 656 |  |  |  | 308 |
Total operating revenue |  | $ | 14,172 |  |  | $ | 14,401 |  |  | $ | 11,199 |
Virginia Power |  |  |  |  |  |  |  |  |  |  |  |
Regulated electric sales: |  |  |  |  |  |  |  |  |  |  |  |
Residential |  | $ | 3,677 |  |  | $ | 3,657 |  |  | $ | 3,413 |
Commercial |  |  | 2,342 |  |  |  | 2,712 |  |  |  | 2,503 |
Industrial |  |  | 380 |  |  |  | 455 |  |  |  | 490 |
Government and other retail |  |  | 804 |  |  |  | 823 |  |  |  | 854 |
Wholesale |  |  | 90 |  |  |  | 128 |  |  |  | 137 |
Other regulated revenues |  |  | 299 |  |  |  | 190 |  |  |  | 132 |
Other nonregulated revenues(1)(2) |  |  | 69 |  |  |  | 71 |  |  |  | 55 |
Total operating revenue from contracts with customers |  |  | 7,661 |  |  |  | 8,036 |  |  |  | 7,584 |
Other revenues(1)(3) |  |  | 102 |  |  |  | 72 |  |  |  | 35 |
Total operating revenue |  | $ | 7,763 |  |  | $ | 8,108 |  |  | $ | 7,619 |
(1) | See Notes 9 and 25 for amounts attributable to related parties and affiliates.
(2) | Amounts above include sales which are considered to be goods transferred at a point in time. For the years ended December 31, 2020, 2019 and 2018, such amounts included $22 million, $37 million and $19 million, respectively, at Dominion Energy, primarily consisting of sales of commodities related to nonregulated extraction activities and other miscellaneous products. Additionally, amounts above include sales of renewable energy credits. For the years ended December 31, 2020, 2019 and 2018, such sales were $20 million, $24 million and $17 million, respectively, at Dominion Energy and $11 million, $17 million and $11 million, respectively, at Virginia Power.
(3) | Amounts above include alternative revenue of $119 million and $82 million for the year ended December 31, 2020 at Dominion Energy and Virginia Power, $66 million and $52 million for year ended December 31, 2019 at Dominion Energy and Virginia Power, respectively, and $15 million for year ended December 31, 2018 at both Dominion Energy and Virginia Power.
(4) | Amounts above include revenue associated with services provided to entities presented in discontinued operations of $4 million for the year ended December 31, 2020 and $6 million for both years ended December 31, 2019 and 2018.
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 Dominion Energy expects to recognize this revenue. These revenues relate to contracts containing fixed prices where Dominion Energy will earn the associated revenue over time as it stands 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 Dominion Energy elects to recognize revenue in the amount it has a right to invoice.
Revenue expected to be recognized on multi-year contracts in place at December 31, 2020 |  | 2021 |  |  | 2022 |  |  | 2023 |  |  | 2024 |  |  | 2025 |  |  | Thereafter |  |  | Total |
(millions) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dominion Energy(1) |  | $ | 67 |  |  | $ | 66 |  |  | $ | 64 |  |  | $ | 57 |  |  | $ | 50 |  |  | $ | 466 |  |  | $ | 770 |
(1) | Includes $1 million for Virginia Power in 2021.
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 December 31, 2020 and 2019, Dominion Energy’s contract liability balances were $130 million and $102 million, respectively. At December 31, 2020 and 2019, Virginia Power’s contract liability balances were $36 million and $24 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 years ended December 31, 2020 and 2019, Dominion Energy recognized revenue of $97 million and $85 million from the beginning contract liability balance. During the years ended December 31, 2020 and 2019, Virginia Power recognized revenue of $24 million and $22 million, respectively, from the beginning contract liability balance.

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