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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Revenue [1] $ 16,572 $ 13,366 $ 12,586
Operating Expenses      
Electric fuel and other energy-related purchases 2,938 2,814 2,301
Purchased electric capacity 88 122 6
Purchased (excess) gas 1,536 645 701
Other operations and maintenance 4,428 3,458 3,200
Depreciation, depletion and amortization 2,655 2,000 1,905
Other taxes 1,040 703 668
Impairment of assets and related charges 1,535 403 15
Gains on sales of assets (162) (380) (147)
Total operating expenses 14,058 9,765 8,649
Income from operations 2,514 3,601 3,937
Earnings from equity method investees 168 197 (18)
Other income [1] 986 1,021 358
Interest and related charges 1,773 1,493 1,205
Income from operations including noncontrolling interests before income tax expense (benefit) 1,727 3,129 3,090
Income tax expense (benefit) 351 580 (30)
Net Income Including Noncontrolling Interests 1,376 2,549 3,120
Noncontrolling Interests 18 102 121
Net Income $ 1,358 $ 2,447 $ 2,999
Earnings Per Common Share      
Net income attributable to Dominion Energy — Basic $ 1.66 $ 3.74 $ 4.72
Net income attributable to Dominion Energy — Diluted $ 1.62 $ 3.74 $ 4.72
Virginia Electric and Power Company      
Operating Revenue [2] $ 8,108 $ 7,619 $ 7,556
Operating Expenses      
Electric fuel and other energy-related purchases [2] 2,178 2,318 1,909
Purchased electric capacity 40 122 6
Affiliated suppliers 367 305 309
Other 1,376 1,371 1,169
Depreciation, depletion and amortization 1,223 1,132 1,141
Other taxes 328 300 290
Impairment of assets and related charges 757    
Total operating expenses 6,269 5,548 4,824
Income from operations 1,839 2,071 2,732
Other income 98 22 76
Interest and related charges [2] 524 511 494
Income from operations including noncontrolling interests before income tax expense (benefit) 1,413 1,582 2,314
Income tax expense (benefit) 264 300 774
Net Income 1,149 1,282 1,540
Dominion Energy Gas Holdings, LLC      
Operating Revenue [3] 2,169 1,996 1,523
Operating Expenses      
Purchased (excess) gas [3] 7 (10) 109
Other energy-related purchases 2 4 4
Affiliated suppliers 168 132 123
Other [3] 556 584 449
Depreciation, depletion and amortization 367 333 242
Other taxes 154 120 99
Impairment of assets and related charges 13 163 15
Gains on sales of assets (2) (117) (70)
Total operating expenses 1,265 1,209 971
Income from operations 904 787 552
Earnings from equity method investees 43 54 47
Other income 166 89 62
Interest and related charges [3] 311 174 60
Income from operations including noncontrolling interests before income tax expense (benefit) 802 756 601
Income tax expense (benefit) 101 124 (65)
Net Income from continuing operations 701 632 666
Net Income from discontinued operations [4] 141 24 163
Net Income Including Noncontrolling Interests 842 656 829
Noncontrolling Interests 121 175 126
Net Income $ 721 $ 481 $ 703
[1] See Note 9 for amounts attributable to related parties.
[2] See Note 25 for amounts attributable to affiliates.
[3] See Note 25 for amounts attributable to related parties.
[4] Includes income tax expense of $33 million, less than $1 million and $91 million in 2019, 2018 and 2017, respectively.