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Operating Segments (Tables)
12 Months Ended
Dec. 31, 2022
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

Gas Distribution

 

Regulated gas distribution and storage(2)

 

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 Assets

 

Nonregulated electric generation fleet(3)

 

X

 

 

 

 

Noncontrolling interest in Cove Point

 

X

 

 

(1)
Includes Virginia Power’s non-jurisdictional solar generation operations.
(2)
Includes renewable natural gas operations as well as Wexpro’s natural gas development and production operations.
(3)
Includes solar generation facility development operations.
Schedule of Segment Reporting Information, by Segment

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

Year Ended December 31,

 

Dominion Energy Virginia

 

 

Gas Distribution

 

 

Dominion Energy South Carolina

 

 

Contracted Assets

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

9,666

 

 

$

3,331

 

 

$

3,323

 

 

$

890

 

 

$

(36

)

 

$

 

 

$

17,174

 

Intersegment revenue

 

 

(13

)

 

 

2

 

 

 

7

 

 

 

18

 

 

 

925

 

 

 

(939

)

 

 

 

Total operating revenue

 

 

9,653

 

 

 

3,333

 

 

 

3,330

 

 

 

908

 

 

 

889

 

 

 

(939

)

 

 

17,174

 

Depreciation, depletion and
   amortization

 

 

1,454

 

 

 

384

 

 

 

507

 

 

 

123

 

 

 

362

 

 

 

 

 

 

2,830

 

Equity in earnings of equity method
   investees

 

 

 

 

 

3

 

 

 

 

 

 

277

 

 

 

19

 

 

 

 

 

 

299

 

Interest income (expense)

 

 

17

 

 

 

9

 

 

 

6

 

 

 

75

 

 

 

86

 

 

 

(76

)

 

 

117

 

Interest and related charges (benefit)

 

 

647

 

 

 

119

 

 

 

220

 

 

 

95

 

 

 

(39

)

 

 

(76

)

 

 

966

 

Income tax expense (benefit)

 

 

408

 

 

 

146

 

 

 

132

 

 

 

106

 

 

 

(724

)

 

 

 

 

 

68

 

Net income from discontinued
   operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9

 

 

 

 

 

 

9

 

Net income (loss) attributable to
   Dominion Energy

 

 

2,008

 

 

 

697

 

 

 

505

 

 

 

335

 

 

 

(2,551

)

 

 

 

 

 

994

 

Investment in equity method
   investees
(1)

 

 

 

 

 

146

 

 

 

 

 

 

2,673

 

 

 

193

 

 

 

 

 

 

3,012

 

Capital expenditures

 

 

5,206

 

 

 

1,458

 

 

 

708

 

 

 

342

 

 

 

44

 

 

 

 

 

 

7,758

 

Total assets (billions)

 

 

55.4

 

 

 

19.6

 

 

 

17.2

 

 

 

9.7

 

 

 

8.1

 

 

 

(5.8

)

 

 

104.2

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

8,012

 

 

$

2,660

 

 

$

2,968

 

 

$

1,018

 

 

$

(759

)

 

$

60

 

 

$

13,959

 

Intersegment revenue

 

 

(13

)

 

 

5

 

 

 

7

 

 

 

67

 

 

 

943

 

 

 

(1,004

)

 

 

5

 

Total operating revenue

 

 

7,999

 

 

 

2,665

 

 

 

2,975

 

 

 

1,085

 

 

 

184

 

 

 

(944

)

 

 

13,964

 

Depreciation, depletion and
   amortization

 

 

1,299

 

 

 

380

 

 

 

486

 

 

 

162

 

 

 

151

 

 

 

 

 

 

2,478

 

Equity in earnings of equity method
   investees

 

 

 

 

 

 

 

 

(3

)

 

 

259

 

 

 

20

 

 

 

 

 

 

276

 

Interest income

 

 

13

 

 

 

6

 

 

 

10

 

 

 

81

 

 

 

17

 

 

 

(26

)

 

 

101

 

Interest and related charges

 

 

537

 

 

 

86

 

 

 

206

 

 

 

52

 

 

 

499

 

 

 

(26

)

 

 

1,354

 

Income tax expense (benefit)

 

 

462

 

 

 

116

 

 

 

125

 

 

 

112

 

 

 

(390

)

 

 

 

 

 

425

 

Net income from discontinued
   operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

641

 

 

 

 

 

 

641

 

Net income (loss) attributable to
   Dominion Energy

 

 

1,919

 

 

 

600

 

 

 

437

 

 

 

431

 

 

 

(99

)

 

 

 

 

 

3,288

 

Investment in equity method
   investees
(1)

 

 

 

 

 

106

 

 

 

 

 

 

2,738

 

 

 

88

 

 

 

 

 

 

2,932

 

Capital expenditures

 

 

3,762

 

 

 

1,252

 

 

 

694

 

 

 

277

 

 

 

76

 

 

 

 

 

 

6,061

 

Total assets (billions)

 

 

50.3

 

 

 

18.5

 

 

 

16.4

 

 

 

12.3

 

 

 

7.1

 

 

 

(5.0

)

 

 

99.6

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

7,802

 

 

$

2,345

 

 

$

2,782

 

 

$

1,020

 

 

$

200

 

 

$

48

 

 

$

14,197

 

Intersegment revenue

 

 

(15

)

 

 

10

 

 

 

5

 

 

 

51

 

 

 

963

 

 

 

(1,039

)

 

 

(25

)

Total operating revenue

 

 

7,787

 

 

 

2,355

 

 

 

2,787

 

 

 

1,071

 

 

 

1,163

 

 

 

(991

)

 

 

14,172

 

Depreciation, depletion and
   amortization

 

 

1,247

 

 

 

344

 

 

 

474

 

 

 

182

 

 

 

85

 

 

 

 

 

 

2,332

 

Equity in earnings of equity method
   investees

 

 

 

 

 

 

 

 

(1

)

 

 

35

 

 

 

6

 

 

 

 

 

 

40

 

Interest income

 

 

13

 

 

 

6

 

 

 

12

 

 

 

91

 

 

 

73

 

 

 

(88

)

 

 

107

 

Interest and related charges

 

 

527

 

 

 

76

 

 

 

219

 

 

 

75

 

 

 

568

 

 

 

(88

)

 

 

1,377

 

Income tax expense (benefit)

 

 

496

 

 

 

121

 

 

 

107

 

 

 

(16

)

 

 

(625

)

 

 

 

 

 

83

 

Net income (loss) from discontinued
   operations

 

 

 

 

 

 

 

 

 

 

 

167

 

 

 

(2,045

)

 

 

 

 

 

(1,878

)

Net income (loss) attributable to
   Dominion Energy

 

 

1,891

 

 

 

560

 

 

 

419

 

 

 

402

 

 

 

(3,673

)

 

 

 

 

 

(401

)

Capital expenditures

 

 

3,406

 

 

 

1,151

 

 

 

700

 

 

 

649

 

 

 

425

 

 

 

 

 

 

6,331

 

(1)
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:

 

Year Ended December 31,

 

Dominion Energy Virginia

 

 

Corporate and Other

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

Operating revenue

 

$

9,643

 

 

$

11

 

 

$

9,654

 

Depreciation and amortization

 

 

1,452

 

 

 

284

 

 

 

1,736

 

Interest income

 

 

17

 

 

 

 

 

 

17

 

Interest and related charges (benefit)

 

 

645

 

 

 

(3

)

 

 

642

 

Income tax expense (benefit)

 

 

411

 

 

 

(220

)

 

 

191

 

Net income (loss)

 

 

2,007

 

 

 

(792

)

 

 

1,215

 

Capital expenditures

 

 

5,187

 

 

 

 

 

 

5,187

 

Total assets (billions)

 

 

53.2

 

 

 

 

 

 

53.2

 

2021

 

 

 

 

 

 

 

 

 

Operating revenue

 

$

7,976

 

 

$

(506

)

 

$

7,470

 

Depreciation and amortization

 

 

1,296

 

 

 

68

 

 

 

1,364

 

Interest income

 

 

11

 

 

 

 

 

 

11

 

Interest and related charges (benefit)

 

 

535

 

 

 

(1

)

 

 

534

 

Income tax expense (benefit)

 

 

467

 

 

 

(70

)

 

 

397

 

Net income (loss)

 

 

1,914

 

 

 

(202

)

 

 

1,712

 

Capital expenditures

 

 

3,756

 

 

 

 

 

 

3,756

 

Total assets (billions)

 

 

47.9

 

 

 

 

 

 

47.9

 

2020

 

 

 

 

 

 

 

 

 

Operating revenue

 

$

7,763

 

 

$

 

 

$

7,763

 

Depreciation and amortization

 

 

1,245

 

 

 

7

 

 

 

1,252

 

Interest income

 

 

11

 

 

 

 

 

 

11

 

Interest and related charges (benefit)

 

 

524

 

 

 

(8

)

 

 

516

 

Income tax expense (benefit)

 

 

500

 

 

 

(271

)

 

 

229

 

Net income (loss)

 

 

1,884

 

 

 

(863

)

 

 

1,021

 

Capital expenditures

 

 

3,372

 

 

 

 

 

 

3,372