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Operating Segments
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Operating Segments

NOTE 26. 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 Virginia

 

Regulated electric distribution

 

X

 

X

 

 

Regulated electric transmission

 

X

 

X

 

 

Regulated electric generation fleet(1)

 

X

 

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 Energy(2)

 

Nonregulated electric generation fleet

 

X

 

 
(1)
Includes Virginia Power’s non-jurisdictional solar generation operations.
(2)
Includes renewable natural gas 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) as well as its noncontrolling interest in Dominion Privatization, its noncontrolling interest in Wrangler (through March 2022) and Hope (through August 2022). 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, including the net impact of the operations reflected as discontinued operations, which includes the entities included in the East Ohio (through March 2024), Questar Gas (through May 2024) and PSNC (through September 2024) Transactions, a noncontrolling interest in Cove Point (through September 2023), certain solar generation facility development operations (through April 2024) and a noncontrolling interest in Atlantic Coast Pipeline as discussed in Notes 3 and 9.

Dominion Energy’s CODM for the year ended December 31, 2024 was the COO. The Dominion Energy CODM uses net income (loss) as the primary profit or loss measure at each segment. The Dominion Energy CODM considers budget-to-actual variances on a quarterly basis when making decisions about allocating operating and capital resources to each segment, when assessing the performance of each segment and when determining the compensation of certain employees.

 

In 2024, Dominion Energy reported after-tax net expenses of $644 million in the Corporate and Other segment, including $268 million of after-tax net expenses for specific items with $132 million of after-tax net expenses attributable to its operating segments.

 

The net expenses for specific items attributable to Dominion Energy’s operating segments in 2024 primarily related to the impact of the following items:

•
A $232 million ($176 million after-tax) loss related to economic hedging activities, attributable to Contracted Energy;
•
A $122 million ($89 million after-tax) charge related to the revision of AROs for Millstone Unit 1, attributable to Contracted Energy;
•
A $103 million ($77 million after-tax) charge for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project, attributable to Dominion Energy Virginia;
•
$60 million ($46 million after-tax) of charges for the impairment of certain nonregulated renewable natural gas facilities, attributable to Contracted Energy;
•
A $58 million ($44 million after-tax) charge in connection with the electric base rate case in South Carolina, attributable to Dominion Energy South Carolina;
•
A $47 million ($35 million after-tax) charge in connection with a settlement of an agreement, attributable to Contracted Energy;
•
$40 million ($30 million after-tax) of charges for dismantling costs associated with the early retirement of certain electric generation facilities, attributable to Dominion Energy Virginia;
•
A $30 million ($22 million after-tax) charge related to the write-off of certain early-stage development costs, attributable to Dominion Energy Virginia; and
•
A $25 million ($19 million after-tax) charge associated with an accrual for remediation costs at a manufactured gas plant site, attributable to Dominion Energy Virginia; partially offset by
•
A $565 million ($434 million after-tax) gain related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($372 million after-tax); and
•
Dominion Energy Virginia ($62 million after-tax).

 

In 2023, Dominion Energy reported after-tax net expenses of $129 million in the Corporate and Other segment, including $316 million of after-tax net income for specific items with $405 million of after-tax net income attributable to its operating segments.

 

The net income for specific items attributable to Dominion Energy’s operating segments in 2023 primarily related to the impact of the following items:

•
A $586 million ($447 million after-tax) gain related to economic hedging activities, attributable to Contracted Energy;
•
A $411 million ($305 million after-tax) gain related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($262 million after-tax); and
•
Dominion Energy Virginia ($43 million after-tax); and
•
A $28 million ($21 million after-tax) benefit related to real estate transactions, including gains on the transfer of property to satisfy litigation associated with the NND Project, attributable to Dominion Energy South Carolina; partially offset by
•
A $244 million ($182 million after-tax) charge for amortization of a regulatory asset established in connection with the settlement of the 2021 Triennial Review, attributable to Dominion Energy Virginia;
•
An $83 million ($60 million after-tax) charge related to the revision of AROs for Millstone Unit 1, attributable to Contracted Energy;
•
A $65 million ($48 million after-tax) charge for an easement related to the CVOW Commercial Project for which Virginia Power will not seek recovery, attributable to Dominion Energy Virginia;
•
A $36 million ($27 million after-tax) charge for the write-off of certain previously deferred amounts related to the cessation of certain riders effective July 2023, attributable to Dominion Energy Virginia;
•
A $35 million ($26 million after-tax) decrease from Dominion Energy’s share of an impairment of certain property, plant and equipment at Align RNG, attributable to Contracted Energy; and
•
A $25 million ($19 million after-tax) charge associated with the abandonment of certain regulated solar generation and other facilities, attributable to Dominion Energy Virginia.

 

In 2022, Dominion Energy reported after-tax net expenses of $1.4 billion in the Corporate and Other segment, including $1.5 billion of after-tax net expenses for specific items with $2.4 billion of after-tax net expenses attributable to its operating segments.

 

The net expenses for specific items attributable to Dominion Energy’s operating segments in 2022 primarily related to the impact of the following items:

•
A $829 million ($633 million after-tax) charge associated with the impairment of certain nonregulated solar generation facilities, attributable to Contracted Energy;
•
A $649 million ($513 million after-tax) loss associated with the sale of Kewaunee, attributable to Contracted Energy;
•
A $559 million ($451 million after-tax) loss related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($393 million after-tax); and
•
Dominion Energy Virginia ($58 million after-tax);
•
A $243 million ($181 million after-tax) charge for amortization of a regulatory asset established in connection with the settlement of the 2021 Triennial Review, attributable to Dominion Energy Virginia;
•
A $213 million ($159 million after-tax) charge for RGGI compliance costs deemed recovered through base rates, attributable to Dominion Energy Virginia;
•
A $191 million ($142 million after-tax) charge in connection with a comprehensive settlement agreement for Virginia fuel expenses, attributable to Dominion Energy Virginia;
•
$167 million ($124 million after-tax) of charges for dismantling costs associated with the early retirement of certain electric generation facilities, attributable to Dominion Energy Virginia;
•
$125 million ($93 million after-tax) of charges associated with storm damage and service restoration, attributable to:
•
Dominion Energy Virginia ($87 million after-tax); and
•
Contracted Energy ($6 million after-tax);
•
A $40 million ($30 million after-tax) charge associated with the write-off of inventory, attributable to:
•
Contracted Energy ($16 million after-tax); and
•
Dominion Energy Virginia ($14 million after-tax); partially offset by
•
A $67 million ($49 million after-tax) gain related to economic hedging activities, attributable to Contracted Energy.

 

The following table presents segment information pertaining to Dominion Energy’s 2024 operations:

Year Ended December 31, 2024

 

Dominion Energy Virginia

 

 

Dominion Energy South Carolina

 

 

Contracted Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

10,226

 

 

$

3,295

 

 

$

1,099

 

 

$

(161

)

 

$

—

 

 

$

14,459

 

Intersegment revenue

 

 

9

 

 

 

9

 

 

 

10

 

 

 

1,002

 

 

 

(1,030

)

 

 

—

 

Total Operating Revenue

 

 

10,235

 

 

 

3,304

 

 

 

1,109

 

 

 

841

 

 

 

(1,030

)

 

 

14,459

 

Electric fuel and other energy-related
   purchases(1)

 

 

2,743

 

 

 

775

 

 

 

102

 

 

 

—

 

 

 

(6

)

 

 

3,614

 

Purchased electric capacity(1)

 

 

68

 

 

 

8

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

74

 

Purchased gas(1)

 

 

—

 

 

 

260

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

260

 

Other operations and maintenance(1)(2)

 

 

2,217

 

 

 

671

 

 

 

487

 

 

 

1,827

 

 

 

(1,014

)

 

 

4,188

 

Depreciation and amortization(1)

 

 

1,635

 

 

 

546

 

 

 

76

 

 

 

88

 

 

 

—

 

 

 

2,345

 

Other taxes(1)

 

 

332

 

 

 

292

 

 

 

53

 

 

 

62

 

 

 

(8

)

 

 

731

 

Total Operating Expenses

 

 

6,995

 

 

 

2,552

 

 

 

718

 

 

 

1,977

 

 

 

(1,030

)

 

 

11,212

 

Interest and related charges(1)

 

 

856

 

 

 

276

 

 

 

36

 

 

 

906

 

 

 

(187

)

 

 

1,887

 

Income tax expense (benefit)(1)

 

 

443

 

 

 

80

 

 

 

105

 

 

 

(320

)

 

 

—

 

 

 

308

 

Equity in earnings (losses) of equity
   method investees(3)

 

 

—

 

 

 

—

 

 

 

9

 

 

 

(6

)

 

 

—

 

 

 

3

 

Other income (expense)(3)

 

 

100

 

 

 

(5

)

 

 

(15

)

 

 

614

 

 

 

—

 

 

 

694

 

Interest income(3)

 

 

20

 

 

 

7

 

 

 

115

 

 

 

170

 

 

 

(187

)

 

 

125

 

Net Income from Discontinued
   Operations Including Noncontrolling
   Interests

 

 

—

 

 

 

—

 

 

 

—

 

 

 

197

 

 

 

—

 

 

 

197

 

Noncontrolling Interests

 

 

50

 

 

 

—

 

 

 

—

 

 

 

(103

)

 

 

—

 

 

 

(53

)

Net Income (Loss) Attributable to
   Dominion Energy

 

 

2,011

 

 

 

398

 

 

 

359

 

 

 

(644

)

 

 

—

 

 

 

2,124

 

Investment in equity method
   investees(4)

 

 

—

 

 

 

—

 

 

 

91

 

 

 

47

 

 

 

—

 

 

 

138

 

Capital expenditures

 

 

9,968

 

 

 

1,105

 

 

 

772

 

 

 

582

 

 

 

—

 

 

 

12,427

 

Total assets (billions)

 

 

70.0

 

 

 

18.4

 

 

 

9.5

 

 

 

10.2

 

 

 

(5.7

)

 

 

102.4

 
(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
(2)
Includes impairment of assets and other charges (benefits) and losses (gains) on sale of assets.
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.

 

The following table presents segment information pertaining to Dominion Energy’s 2023 operations:

Year Ended December 31, 2023

 

Dominion Energy Virginia

 

 

Dominion Energy South Carolina

 

 

Contracted Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

9,575

 

 

$

3,369

 

 

$

835

 

 

$

614

 

 

$

—

 

 

$

14,393

 

Intersegment revenue

 

 

(2

)

 

 

6

 

 

 

16

 

 

 

939

 

 

 

(959

)

 

 

—

 

Total Operating Revenue

 

 

9,573

 

 

 

3,375

 

 

 

851

 

 

 

1,553

 

 

 

(959

)

 

 

14,393

 

Electric fuel and other energy-related
   purchases(1)

 

 

2,918

 

 

 

947

 

 

 

80

 

 

 

—

 

 

 

(10

)

 

 

3,935

 

Purchased electric capacity(1)

 

 

46

 

 

 

12

 

 

 

—

 

 

 

—

 

 

 

(3

)

 

 

55

 

Purchased gas(1)

 

 

—

 

 

 

285

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

285

 

Other operations and maintenance(1)(2)

 

 

1,842

 

 

 

612

 

 

 

544

 

 

 

1,381

 

 

 

(939

)

 

 

3,440

 

Depreciation and amortization(1)

 

 

1,622

 

 

 

531

 

 

 

105

 

 

 

322

 

 

 

—

 

 

 

2,580

 

Other taxes(1)

 

 

298

 

 

 

285

 

 

 

48

 

 

 

60

 

 

 

(7

)

 

 

684

 

Total Operating Expenses

 

 

6,726

 

 

 

2,672

 

 

 

777

 

 

 

1,763

 

 

 

(959

)

 

 

10,979

 

Interest and related charges(1)

 

 

772

 

 

 

249

 

 

 

44

 

 

 

815

 

 

 

(206

)

 

 

1,674

 

Income tax expense(1)

 

 

471

 

 

 

79

 

 

 

15

 

 

 

3

 

 

 

—

 

 

 

568

 

Equity in earnings (losses) of equity
   method investees(3)

 

 

—

 

 

 

—

 

 

 

(34

)

 

 

8

 

 

 

—

 

 

 

(26

)

Other income (expense)(3)

 

 

65

 

 

 

(4

)

 

 

22

 

 

 

820

 

 

 

—

 

 

 

903

 

Interest income(3)

 

 

15

 

 

 

6

 

 

 

96

 

 

 

196

 

 

 

(206

)

 

 

107

 

Net Loss From Discontinued
   Operations Including Noncontrolling
   Interests

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(125

)

 

 

—

 

 

 

(125

)

Net Income (Loss) Attributable to
   Dominion Energy

 

 

1,684

 

 

 

377

 

 

 

99

 

 

 

(129

)

 

 

—

 

 

 

2,031

 

Investment in equity method
   investees(4)

 

 

—

 

 

 

—

 

 

 

80

 

 

 

188

 

 

 

—

 

 

 

268

 

Capital expenditures

 

 

7,196

 

 

 

957

 

 

 

740

 

 

 

1,342

 

 

 

—

 

 

 

10,235

 

Total assets (billions)

 

 

60.7

 

 

 

17.3

 

 

 

9.1

 

 

 

26.1

 

 

 

(4.1

)

 

 

109.1

 
(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
(2)
Includes impairment of assets and other charges (benefits) and losses (gains) on sale of assets.
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.

The following table presents segment information pertaining to Dominion Energy’s 2022 operations:

Year Ended December 31, 2022

 

Dominion Energy Virginia

 

 

Dominion Energy South Carolina

 

 

Contracted Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

9,658

 

 

$

3,323

 

 

$

884

 

 

$

73

 

 

$

—

 

 

$

13,938

 

Intersegment revenue

 

 

(15

)

 

 

7

 

 

 

18

 

 

 

849

 

 

 

(859

)

 

 

—

 

Total Operating Revenue

 

 

9,643

 

 

 

3,330

 

 

 

902

 

 

 

922

 

 

 

(859

)

 

 

13,938

 

Electric fuel and other energy-related
   purchases(1)

 

 

2,913

 

 

 

719

 

 

 

90

 

 

 

—

 

 

 

(11

)

 

 

3,711

 

Purchased electric capacity(1)

 

 

38

 

 

 

15

 

 

 

—

 

 

 

9

 

 

 

(3

)

 

 

59

 

Purchased gas(1)

 

 

—

 

 

 

383

 

 

 

—

 

 

 

43

 

 

 

—

 

 

 

426

 

Other operations and maintenance(1)(2)

 

 

1,956

 

 

 

604

 

 

 

448

 

 

 

3,009

 

 

 

(839

)

 

 

5,178

 

Depreciation and amortization(1)

 

 

1,452

 

 

 

507

 

 

 

123

 

 

 

360

 

 

 

—

 

 

 

2,442

 

Other taxes(1)

 

 

301

 

 

 

269

 

 

 

43

 

 

 

68

 

 

 

(6

)

 

 

675

 

Total Operating Expenses

 

 

6,660

 

 

 

2,497

 

 

 

704

 

 

 

3,489

 

 

 

(859

)

 

 

12,491

 

Interest and related charges(1)

 

 

645

 

 

 

220

 

 

 

18

 

 

 

169

 

 

 

(50

)

 

 

1,002

 

Income tax expense (benefit)(1)

 

 

514

 

 

 

132

 

 

 

55

 

 

 

(642

)

 

 

—

 

 

 

59

 

Equity in earnings of equity
   method investees(3)

 

 

—

 

 

 

—

 

 

 

2

 

 

 

19

 

 

 

—

 

 

 

21

 

Other income (expense)(3)

 

 

64

 

 

 

18

 

 

 

(14

)

 

 

(315

)

 

 

—

 

 

 

(247

)

Interest income(3)

 

 

17

 

 

 

6

 

 

 

75

 

 

 

61

 

 

 

(50

)

 

 

109

 

Net Income from Discontinued
   Operations Including Noncontrolling
   Interests

 

 

—

 

 

 

—

 

 

 

—

 

 

 

922

 

 

 

—

 

 

 

922

 

Net Income (Loss) Attributable to
   Dominion Energy

 

 

1,905

 

 

 

505

 

 

 

188

 

 

 

(1,407

)

 

 

—

 

 

 

1,191

 

Capital expenditures

 

 

5,187

 

 

 

708

 

 

 

683

 

 

 

1,180

 

 

 

—

 

 

 

7,758

 
(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
(2)
Includes impairment of assets and other charges (benefits) and losses (gains) on sale of assets.
(3)
Items designated are other segment items for each reportable segment.

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, including amounts related to entities presented within discontinued operations.

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.

 

Virginia Power’s CODM for the year ended December 31, 2024 was the COO. The Virginia Power CODM uses net income (loss) as the primary profit or loss measure at each segment. The Virginia Power CODM considers budget-to-actual variances on a quarterly basis when making decisions about allocating operating and capital resources to each segment, when assessing the performance of each segment and when determining the compensation of certain employees.

 

In 2024, Virginia Power reported after-tax net expenses of $101 million in the Corporate and Other segment, including $102 million of after-tax net expenses for specific items all of which were attributable to its operating segment.

 

The net expenses for specific items attributable to its operating segment in 2024 primarily related to the impact of the following items:

•
A $103 million ($77 million after-tax) charge for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project;
•
$40 million ($30 million after-tax) of charges for dismantling costs associated with the early retirement of certain electric generation facilities;
•
A $30 million ($22 million after-tax) charge related to the write-off of certain early-stage development costs; and
•
A $25 million ($19 million after-tax) charge associated with an accrual for remediation costs at a manufactured gas plant site; partially offset by
•
A $83 million ($62 million after-tax) gain related to investments in nuclear decommissioning trust funds.

 

In 2023, Virginia Power reported after-tax net expenses of $232 million in the Corporate and Other segment, including $232 million of after-tax net expenses for specific items all of which were attributable to its operating segment.

 

The net expenses for specific items attributable to its operating segment in 2023 primarily related to the impact of the following items:

•
A $244 million ($182 million after-tax) charge for amortization of a regulatory asset established in connection with the settlement of the 2021 Triennial Review;
•
A $65 million ($48 million after-tax) charge for an easement related to the CVOW Commercial Project for which Virginia Power will not seek recovery;
•
A $36 million ($27 million after-tax) charge for the write-off of certain previously deferred amounts related to the cessation of certain riders effective July 2023; and
•
A $25 million ($19 million after-tax) charge associated with the abandonment of certain regulated solar generation and other facilities; partially offset by
•
A $59 million ($43 million after-tax) gain related to investments in nuclear decommissioning trust funds.

 

In 2022, Virginia Power reported after-tax net expenses of $793 million in the Corporate and Other segment, including $773 million of after-tax net expenses for specific items all of which were attributable to its operating segment.

 

The net expenses for specific items attributable to its operating segment in 2022 primarily related to the impact of the following items:

•
A $243 million ($181 million after-tax) charge for amortization of a regulatory asset established in connection with the settlement of the 2021 Triennial Review;
•
A $213 million ($159 million after-tax) charge for RGGI compliance costs deemed recovered through base rates;
•
A $191 million ($142 million after-tax) charge in connection with a comprehensive settlement agreement for Virginia fuel expenses;
•
$167 million ($124 million after-tax) of charges for dismantling costs associated with the early retirement of certain electric generation facilities;
•
$117 million ($87 million after-tax) of charges associated with storm damage and service restoration in its service territory; and
•
A $78 million ($58 million after-tax) loss related to investments in nuclear decommissioning trust funds.

 

The following table presents segment information pertaining to Virginia Power’s operations:

Year Ended December 31,

 

Dominion Energy Virginia

 

 

Corporate and Other

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

2024

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

10,235

 

 

$

—

 

 

$

10,235

 

Electric fuel and other energy-related purchases(1)

 

 

2,743

 

 

 

—

 

 

 

2,743

 

Purchased electric capacity(1)

 

 

68

 

 

 

—

 

 

 

68

 

Other operations and maintenance(1)(2)

 

 

2,217

 

 

 

312

 

 

 

2,529

 

Depreciation and amortization(1)

 

 

1,635

 

 

 

9

 

 

 

1,644

 

Other taxes(1)

 

 

332

 

 

 

1

 

 

 

333

 

Total Operating Expenses

 

 

6,995

 

 

 

322

 

 

 

7,317

 

Interest and related charges (benefit)(1)

 

 

856

 

 

 

(8

)

 

 

848

 

Income tax expense (benefit)(1)

 

 

443

 

 

 

(35

)

 

 

408

 

Other income (expense)(3)

 

 

100

 

 

 

69

 

 

 

169

 

Interest income(3)

 

 

20

 

 

 

6

 

 

 

26

 

Noncontrolling Interests

 

 

50

 

 

 

(103

)

 

 

(53

)

Net Income (Loss) Attributable to Virginia Power

 

 

2,011

 

 

 

(101

)

 

 

1,910

 

Capital expenditures

 

 

9,968

 

 

 

—

 

 

 

9,968

 

Total assets (billions)

 

 

68.4

 

 

 

—

 

 

 

68.4

 

2023

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

9,573

 

 

$

—

 

 

$

9,573

 

Electric fuel and other energy-related purchases(1)

 

 

2,918

 

 

 

—

 

 

 

2,918

 

Purchased electric capacity(1)

 

 

46

 

 

 

—

 

 

 

46

 

Other operations and maintenance(1)(2)

 

 

1,842

 

 

 

124

 

 

 

1,966

 

Depreciation and amortization(1)

 

 

1,622

 

 

 

249

 

 

 

1,871

 

Other taxes(1)

 

 

298

 

 

 

—

 

 

 

298

 

Total Operating Expenses

 

 

6,726

 

 

 

373

 

 

 

7,099

 

Interest and related charges (benefit)(1)

 

 

772

 

 

 

(8

)

 

 

764

 

Income tax expense (benefit)(1)

 

 

471

 

 

 

(82

)

 

 

389

 

Other income (expense)(3)

 

 

65

 

 

 

51

 

 

 

116

 

Interest income(3)

 

 

15

 

 

 

—

 

 

 

15

 

Net Income (Loss) Attributable to Virginia Power

 

 

1,684

 

 

 

(232

)

 

 

1,452

 

Capital expenditures

 

 

7,196

 

 

 

—

 

 

 

7,196

 

Total assets (billions)

 

 

58.6

 

 

 

—

 

 

 

58.6

 

2022

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

9,643

 

 

$

11

 

 

$

9,654

 

Electric fuel and other energy-related purchases(1)

 

 

2,913

 

 

 

—

 

 

 

2,913

 

Purchased electric capacity(1)

 

 

38

 

 

 

8

 

 

 

46

 

Other operations and maintenance(1)(2)

 

 

1,956

 

 

 

652

 

 

 

2,608

 

Depreciation and amortization(1)

 

 

1,452

 

 

 

284

 

 

 

1,736

 

Other taxes(1)

 

 

301

 

 

 

2

 

 

 

303

 

Total Operating Expenses

 

 

6,660

 

 

 

946

 

 

 

7,606

 

Interest and related charges (benefit)(1)

 

 

645

 

 

 

(3

)

 

 

642

 

Income tax expense (benefit)(1)

 

 

514

 

 

 

(220

)

 

 

294

 

Other income (expense)(3)

 

 

64

 

 

 

(81

)

 

 

(17

)

Interest income(3)

 

 

17

 

 

 

—

 

 

 

17

 

Net Income (Loss) Attributable to Virginia Power

 

 

1,905

 

 

 

(793

)

 

 

1,112

 

Capital expenditures

 

 

5,187

 

 

 

—

 

 

 

5,187

 

 

(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
(2)
Includes impairment of assets and other charges (benefits).
(3)
Items designated are other segment items for each reportable segment.