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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2023

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
Nine Months Ended September 30,		2023				2022				2023				2022
U.S. statutory rate			21.0	%			21.0	%			21.0	%			21.0	%
Increases (reductions) resulting from:
Recognition of taxes - sale of    subsidiary stock			—				28.4
State taxes, net of federal benefit			3.9				13.1				4.6				4.4
Investment tax credits			(3.2	)			(23.6	)			(0.3	)			(8.9	)
Production tax credits			(0.6	)			(2.6	)			(0.9	)			(1.0	)
Reversal of excess deferred income    taxes			(2.6	)			(15.6	)			(2.6	)			(3.7	)
Changes in state deferred taxes associated    with assets held for sale			1.3				1.6
AFUDC - equity			(0.1	)			(1.6	)			—				(0.8	)
Other, net			(0.9	)			(1.6	)			(0.3	)			0.5
Effective tax rate			18.8	%			19.1	%			21.5	%			11.5	%

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- References

No definition available.

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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
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 12
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-12

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