Operating Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting Information [Line Items]

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.

Schedule of Segment Reporting Information, by Segment

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.

Virginia Electric and Power Company

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment

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.