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Operating Revenue (Tables)
 12 Months Ended
Dec. 31, 2024
Regulated and Unregulated Operating Revenue [Abstract]  
Schedule of Operating Revenue

The Companies’ operating revenue consists of the following:

 

 

Dominion Energy

 

 

Virginia Power

 

Year Ended December 31,

 

2024

 

 

2023

 

 

2022

 

 

2024

 

 

2023

 

 

2022

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

5,436

 

 

$

5,141

 

 

$

5,261

 

 

$

4,133

 

 

$

3,863

 

 

$

4,039

 

Commercial(1)

 

 

4,679

 

 

 

4,556

 

 

 

4,480

 

 

 

3,786

 

 

 

3,632

 

 

 

3,647

 

Industrial

 

 

845

 

 

 

887

 

 

 

901

 

 

 

429

 

 

 

440

 

 

 

472

 

Government and other retail

 

 

1,081

 

 

 

1,036

 

 

 

1,235

 

 

 

1,015

 

 

 

965

 

 

 

1,172

 

Wholesale

 

 

136

 

 

 

176

 

 

 

234

 

 

 

105

 

 

 

116

 

 

 

132

 

Nonregulated electric sales

 

 

933

 

 

 

758

 

 

 

1,249

 

 

 

86

 

 

 

65

 

 

 

68

 

Regulated gas sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

309

 

 

 

293

 

 

 

331

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

136

 

 

 

145

 

 

 

188

 

 

 

 

 

 

 

 

 

 

Other

 

 

67

 

 

 

79

 

 

 

168

 

 

 

 

 

 

 

 

 

 

Regulated gas transportation and storage

 

 

21

 

 

 

18

 

 

 

38

 

 

 

 

 

 

 

 

 

 

Other regulated revenues

 

 

372

 

 

 

253

 

 

 

296

 

 

 

359

 

 

 

238

 

 

 

277

 

Other nonregulated revenues(2)(3)(4)

 

 

167

 

 

 

145

 

 

 

171

 

 

 

46

 

 

 

53

 

 

 

61

 

Total operating revenue from
    contracts with customers

 

 

14,182

 

 

 

13,487

 

 

 

14,552

 

 

 

9,959

 

 

 

9,372

 

 

 

9,868

 

Other revenues(2)(5)

 

 

277

 

 

 

906

 

 

 

(614

)

 

 

276

 

 

 

201

 

 

 

(214

)

Total operating revenue

 

$

14,459

 

 

$

14,393

 

 

$

13,938

 

 

$

10,235

 

 

$

9,573

 

 

$

9,654

 
(1)
Includes large scale users including certain data center customers.
(2)
See Note 25 for amounts attributable to affiliates.
(3)
Includes sales of renewable energy credits of $31 million, $44 million and $42 million for the years ended December 31, 2024, 2023 and 2022, respectively, at Dominion Energy and $12 million, $29 million and $18 million for the years ended December 31, 2024, 2023 and 2022, respectively, at Virginia Power.
(4)
Includes revenue from transition services agreements of $61 million, $18 million and $28 million for the years ended December 31, 2024, 2023 and 2022, respectively, at Dominion Energy.
(5)
Includes alternative revenue of $129 million, $162 million and $72 million at both Dominion Energy and Virginia Power for years ended December 31, 2024, 2023 and 2022, respectively.

Neither Dominion Energy nor Virginia Power have any amounts for revenue to be recognized in the future on multi-year contracts in place at December 31, 2024.