XML 52 R39.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Effective Income Tax

 

 

 

Dominion Energy

 

 

Virginia Power

 

Six Months Ended June 30,

 

2024

 

 

2023

 

 

2024

 

 

2023

 

U.S. statutory rate

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

Increases (reductions) resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

State taxes, net of federal benefit

 

 

3.2

 

 

 

3.8

 

 

 

4.4

 

 

 

4.6

 

Investment tax credits

 

 

(1.3

)

 

 

(1.2

)

 

 

(0.8

)

 

 

(0.8

)

Production tax credits

 

 

(2.2

)

 

 

(0.5

)

 

 

(2.0

)

 

 

(0.8

)

Reversal of excess deferred income taxes

 

 

(2.5

)

 

 

(2.0

)

 

 

(1.8

)

 

 

(2.3

)

AFUDC - equity

 

 

(0.7

)

 

 

(0.1

)

 

 

(0.6

)

 

 

(0.1

)

Other, net

 

 

0.4

 

 

 

(1.3

)

 

 

0.4

 

 

 

(0.5

)

Effective tax rate

 

 

17.9

%

 

 

19.7

%

 

 

20.6

%

 

 

21.1

%