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v3.22.1

Income Taxes (Tables) | 3 Months Ended
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Mar. 31, 2022
Income Tax Disclosure [Abstract] |
Effective Income Tax | For continuing operations, including noncontrolling interests, the statutory U.S. federal income tax rate reconciles to the Companies’ effective income tax rate as follows:
|  | Dominion Energy |  |  | Virginia Power |
Three Months Ended March 31, |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
U.S. statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 21.0 | %
Increases (reductions) resulting from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recognition of deferred taxes - stock of subsidiary held for sale |  | 9.4 |  |  |  | — |  |  |  | — |  |  |  | — |
State taxes, net of federal benefit |  |  | 3.3 |  |  |  | 3.5 |  |  |  | 4.4 |  |  |  | 4.5 |
Investment tax credits |  |  | (3.9 | ) |  |  | (3.8 | ) |  |  | (6.7 | ) |  |  | (6.6 | )
Production tax credits |  |  | (0.4 | ) |  |  | (0.3 | ) |  |  | (0.8 | ) |  |  | (0.6 | )
Reversal of excess deferred income taxes |  |  | (4.1 | ) |  |  | (2.2 | ) |  |  | (3.0 | ) |  |  | (2.2 | )
Changes in state deferred taxes associated with assets held for sale |  |  | 0.5 |  |  |  | — |  |  |  | — |  |  |  | — |
AFUDC - equity |  |  | (0.6 | ) |  |  | (0.4 | ) |  |  | (0.9 | ) |  |  | (0.7 | )
Other, net |  |  | 0.2 |  |  |  | — |  |  |  | 0.6 |  |  |  | 0.3 |
Effective tax rate |  |  | 25.4 | % |  |  | 17.8 | % |  |  | 14.6 | % |  |  | 15.7 | %

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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
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