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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenue $ 14,459 $ 14,393 $ 13,938
Operating Expenses      
Electric fuel and other energy-related purchases 3,614 [1] 3,935 [2] 3,711 [3]
Purchased electric capacity 74 [1] 55 [2] 59 [3]
Purchased gas 260 [1] 285 [2] 426 [3]
Other operations and maintenance 3,589 3,160 3,365
Depreciation and amortization 2,345 [1] 2,580 [2] 2,442 [3]
Other taxes 731 [1] 684 [2] 675 [3]
Impairment of assets and other charges 600 307 1,401
Losses (gains) on sales of assets (1) (27) 412
Total operating expenses 11,212 10,979 12,491
Income from operations 3,247 3,414 1,447
Other income (expense) 822 984 (117)
Interest and related charges 1,887 [1] 1,674 [2] 1,002 [3]
Income from continuing operations including noncontrolling interests before income tax expense 2,182 2,724 328
Income tax expense 308 [1] 568 [2] 59 [3]
Net Income From Continuing Operations Including Noncontrolling Interests 1,874 2,156 269
Net Income (Loss) From Discontinued Operations Including Noncontrolling Interests [4] 197 (125) 922
Net Income Including Noncontrolling Interests 2,071 2,031 1,191
Noncontrolling Interests (53) 0 0
Net Income 2,124 2,031 1,191
Amounts attributable to Dominion Energy      
Net income from continuing operations 1,927 2,156 269 [5]
Net income (loss) from discontinued operations $ 197 $ (125) $ 922 [5]
EPS - Basic      
Net income from continuing operations $ 2.2 $ 2.48 $ 0.22 [5]
Net income (loss) from discontinued operations 0.24 (0.15) 1.11 [5]
Net income attributable to Dominion Energy 2.44 2.33 1.33 [5]
EPS - Diluted      
Net income from continuing operations 2.2 2.48 0.22 [5]
Net income (loss) from discontinued operations 0.24 (0.15) 1.11 [5]
Net income attributable to Dominion Energy $ 2.44 $ 2.33 $ 1.33 [5]
Virginia Electric and Power Company      
Operating Revenue [6] $ 10,235 $ 9,573 $ 9,654
Operating Expenses      
Electric fuel and other energy-related purchases [6],[7] 2,743 2,918 2,913
Purchased electric capacity [7] 68 46 46
Affiliated suppliers 433 395 342
Other operations and maintenance 1,804 1,456 1,709
Depreciation and amortization [7] 1,644 1,871 1,736
Other taxes [7] 333 298 303
Impairment of assets and other charges (benefits) 292 115 557
Total operating expenses 7,317 7,099 7,606
Income from operations 2,918 2,474 2,048
Other income (expense) 195 131 0
Interest and related charges [6],[7] 848 764 642
Income before income tax expense 2,265 1,841 1,406
Income tax expense [7] 408 389 294
Net Income Including Noncontrolling Interests 1,857 1,452 1,112
Noncontrolling Interests (53) [8] 0 0
Net Income $ 1,910 $ 1,452 $ 1,112
[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] 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.
[3] 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.
[4] Includes income tax expense of $31 million, $1.3 billion and $207 million for the years ended December 31, 2024, 2023 and 2022, respectively.
[5] As discussed in Note 19, effective in June 2022 through its redemption in September 2022, the Series A Preferred Stock was considered to be mandatorily redeemable and was classified in current liabilities.
[6] See Note 25 for amounts attributable to affiliates.
[7] 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.
[8] Items designated are other segment items for each reportable segment.