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Operating Segments (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting Information [Line Items]  
Schedule of Primary 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.
Schedule of Segment Reporting Information, by Segment

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

 

Three Months Ended March 31,

 

Dominion Energy Virginia

 

 

Dominion Energy South Carolina

 

 

Contracted Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

2,795

 

 

$

949

 

 

$

304

 

 

$

28

 

 

$

 

 

$

4,076

 

Intersegment revenue

 

 

(1

)

 

 

2

 

 

 

3

 

 

 

310

 

 

 

(314

)

 

 

 

Total Operating Revenue

 

 

2,794

 

 

 

951

 

 

 

307

 

 

 

338

 

 

 

(314

)

 

 

4,076

 

Electric fuel and other energy-related purchases(1)

 

 

769

 

 

 

167

 

 

 

29

 

 

 

 

 

 

(3

)

 

 

962

 

Purchased electric capacity(1)

 

 

7

 

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

9

 

Purchased gas(1)

 

 

 

 

 

147

 

 

 

 

 

 

 

 

 

 

 

 

147

 

Other operations and maintenance(1)(2)

 

 

559

 

 

 

178

 

 

 

111

 

 

 

404

 

 

 

(308

)

 

 

944

 

Depreciation and amortization(1)

 

 

397

 

 

 

141

 

 

 

22

 

 

 

22

 

 

 

 

 

 

582

 

Other taxes(1)

 

 

97

 

 

 

79

 

 

 

15

 

 

 

21

 

 

 

(3

)

 

 

209

 

Total Operating Expenses

 

 

1,829

 

 

 

714

 

 

 

177

 

 

 

447

 

 

 

(314

)

 

 

2,853

 

Interest and related charges(1)

 

 

245

 

 

 

71

 

 

 

8

 

 

 

205

 

 

 

(49

)

 

 

480

 

Income tax expense (benefit)(1)

 

 

132

 

 

 

18

 

 

 

35

 

 

 

(130

)

 

 

 

 

 

55

 

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

 

 

 

 

 

 

 

 

 

 

 

(7

)

 

 

 

 

 

(7

)

Other income (expense)(3)

 

 

35

 

 

 

 

 

 

(7

)

 

 

(51

)

 

 

 

 

 

(23

)

Interest income(3)

 

 

6

 

 

 

4

 

 

 

29

 

 

 

45

 

 

 

(49

)

 

 

35

 

Net Loss from Discontinued Operations
   Including Noncontrolling Interests

 

 

 

 

 

 

 

 

 

 

 

(1

)

 

 

 

 

 

(1

)

Noncontrolling Interests

 

 

68

 

 

 

 

 

 

 

 

 

(22

)

 

 

 

 

 

46

 

Net Income (Loss) Attributable to
   Dominion Energy

 

 

561

 

 

 

152

 

 

 

109

 

 

 

(176

)

 

 

 

 

 

646

 

Investment in equity method investees(4)

 

 

 

 

 

 

 

 

91

 

 

 

41

 

 

 

 

 

 

132

 

Capital expenditures

 

 

2,724

 

 

 

297

 

 

 

179

 

 

 

14

 

 

 

 

 

 

3,214

 

Total assets (billions)

 

 

71.9

 

 

 

18.5

 

 

 

9.8

 

 

 

10.4

 

 

 

(6.0

)

 

 

104.6

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

2,489

 

 

$

892

 

 

$

306

 

 

$

(55

)

 

$

 

 

$

3,632

 

Intersegment revenue

 

 

 

 

 

1

 

 

 

2

 

 

 

234

 

 

 

(237

)

 

 

 

Total Operating Revenue

 

 

2,489

 

 

 

893

 

 

 

308

 

 

 

179

 

 

 

(237

)

 

 

3,632

 

Electric fuel and other energy-related purchases(1)

 

 

701

 

 

 

233

 

 

 

26

 

 

 

 

 

 

(1

)

 

 

959

 

Purchased electric capacity(1)

 

 

13

 

 

 

(1

)

 

 

 

 

 

 

 

 

 

 

 

12

 

Purchased gas(1)

 

 

 

 

 

120

 

 

 

 

 

 

 

 

 

 

 

 

120

 

Other operations and maintenance(1)(2)

 

 

533

 

 

 

166

 

 

 

104

 

 

 

316

 

 

 

(234

)

 

 

885

 

Depreciation and amortization(1)

 

 

445

 

 

 

136

 

 

 

18

 

 

 

22

 

 

 

 

 

 

621

 

Other taxes(1)

 

 

93

 

 

 

75

 

 

 

14

 

 

 

22

 

 

 

(2

)

 

 

202

 

Total Operating Expenses

 

 

1,785

 

 

 

729

 

 

 

162

 

 

 

360

 

 

 

(237

)

 

 

2,799

 

Interest and related charges(1)

 

 

192

 

 

 

67

 

 

 

9

 

 

 

342

 

 

 

(36

)

 

 

574

 

Income tax expense (benefit)(1)

 

 

116

 

 

 

18

 

 

 

38

 

 

 

(117

)

 

 

 

 

 

55

 

Other income (expense)(3)

 

 

21

 

 

 

(1

)

 

 

(21

)

 

 

67

 

 

 

 

 

 

66

 

Interest income(3)

 

 

7

 

 

 

2

 

 

 

44

 

 

 

36

 

 

 

(36

)

 

 

53

 

Net Income From Discontinued Operations
   Including Noncontrolling Interests

 

 

 

 

 

 

 

 

 

 

 

118

 

 

 

 

 

 

118

 

Net Income (Loss) Attributable to
   Dominion Energy

 

 

424

 

 

 

80

 

 

 

122

 

 

 

(185

)

 

 

 

 

 

441

 

Capital expenditures

 

 

2,102

 

 

 

268

 

 

 

313

 

 

 

247

 

 

 

 

 

 

2,930

 

 

 

(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).
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.
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:

 

Three Months Ended March 31,

 

Dominion Energy Virginia

 

 

Corporate and Other

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

2025

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

2,794

 

 

$

(29

)

 

$

2,765

 

Electric fuel and other energy-related purchases(1)

 

 

769

 

 

 

 

 

 

769

 

Purchased electric capacity(1)

 

 

7

 

 

 

 

 

 

7

 

Other operations and maintenance(1)(2)

 

 

559

 

 

 

97

 

 

 

656

 

Depreciation and amortization(1)

 

 

397

 

 

 

1

 

 

 

398

 

Other taxes(1)

 

 

97

 

 

 

 

 

 

97

 

Total Operating Expenses

 

 

1,829

 

 

 

98

 

 

 

1,927

 

Interest and related charges(1)

 

 

245

 

 

 

(2

)

 

 

243

 

Income tax expense (benefit)(1)

 

 

132

 

 

 

(40

)

 

 

92

 

Other income (expense)(3)

 

 

35

 

 

 

(16

)

 

 

19

 

Interest income(3)

 

 

6

 

 

 

 

 

 

6

 

Noncontrolling Interests

 

 

68

 

 

 

(22

)

 

 

46

 

Net Income (Loss) Attributable to Virginia Power

 

 

561

 

 

 

(79

)

 

 

482

 

Capital expenditures

 

 

2,724

 

 

 

 

 

 

2,724

 

Total assets (billions)

 

 

70.3

 

 

 

 

 

 

70.3

 

2024

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

2,489

 

 

$

 

 

$

2,489

 

Electric fuel and other energy-related purchases(1)

 

 

701

 

 

 

 

 

 

701

 

Purchased electric capacity(1)

 

 

13

 

 

 

 

 

 

13

 

Other operations and maintenance(1)(2)

 

 

533

 

 

 

(19

)

 

 

514

 

Depreciation and amortization(1)

 

 

445

 

 

 

3

 

 

 

448

 

Other taxes(1)

 

 

93

 

 

 

 

 

 

93

 

Total Operating Expenses

 

 

1,785

 

 

 

(16

)

 

 

1,769

 

Interest and related charges(1)

 

 

192

 

 

 

(2

)

 

 

190

 

Income tax expense(1)

 

 

116

 

 

 

12

 

 

 

128

 

Other income(3)

 

 

21

 

 

 

29

 

 

 

50

 

Interest income(3)

 

 

7

 

 

 

6

 

 

 

13

 

Net Income Attributable to Virginia Power

 

 

424

 

 

 

41

 

 

 

465

 

Capital expenditures

 

 

2,102

 

 

 

 

 

 

2,102

 

 

 

(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.