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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Revenue $ 4,076 $ 3,632
Operating Expenses    
Electric fuel and other energy-related purchases [1] 962 959
Purchased electric capacity [1] 9 12
Purchased gas [1] 147 120
Other operations and maintenance 898 855
Depreciation and amortization [1] 582 621
Other taxes [1] 209 202
Impairment of assets and other charges 46 30
Total operating expenses 2,853 2,799
Income from operations 1,223 833
Other income (expense) 5 119
Interest and related charges [1] 480 574
Income from continuing operations including noncontrolling interests before income tax expense 748 378
Income tax expense [1] 55 55
Net Income From Continuing Operations Including Noncontrolling Interests 693 323
Net Income (Loss) From Discontinued Operations Including Noncontrolling Interests [2] (1) 118
Net Income Including Noncontrolling Interests 692 441
Noncontrolling Interests 46 0
Net Income 646 441
Amounts Attributable to Dominion Energy    
Net income from continuing operations 647 323
Net income (loss) from discontinued operations $ (1) $ 118
EPS - Basic    
Net income from continuing operations $ 0.75 $ 0.36
Net income (loss) from discontinued operations 0 0.14
Net income attributable to Dominion Energy 0.75 0.5
EPS - Diluted    
Net income from continuing operations 0.75 0.36
Net income (loss) from discontinued operations 0 0.14
Net income attributable to Dominion Energy $ 0.75 $ 0.5
Virginia Electric and Power Company    
Operating Revenue [3] $ 2,765 [4] $ 2,489
Operating Expenses    
Electric fuel and other energy-related purchases [3],[4] 769 701
Purchased electric capacity [4] 7 13
Affiliated suppliers 134 102
Other operations and maintenance 476 429
Depreciation and amortization [4] 398 448
Other taxes [4] 97 93
Impairment of assets and other charges (benefits) 46 (17)
Total operating expenses 1,927 1,769
Income from operations 838 720
Other income (expense) 25 63
Interest and related charges [3],[4] 243 190
Income before income tax expense 620 593
Income tax expense [4] 92 128
Net Income Including Noncontrolling Interests 528 465
Noncontrolling Interests 46 0
Net Income $ 482 $ 465
[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 income tax expense of less than $1 million and $54 million for the three months ended March 31, 2025 and 2024, respectively.
[3] See Note 19 for amounts attributable to affiliates.
[4] 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.