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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenue $ 5,252 $ 4,279
Operating Expenses    
Electric fuel and other energy-related purchases 1,022 678
Purchased electric capacity 8 13
Purchased gas 764 645
Other operations and maintenance 921 1,054
Depreciation, depletion and amortization 720 698
Other taxes 275 253
Impairment of assets and other charges (benefits) 98 (10)
Losses (gains) on sales of assets (1) (28)
Total operating expenses 3,807 3,303
Income from operations 1,445 976
Earnings from equity method investees 80 80
Other income (expense) 284 46
Interest and related charges 586 174
Income from continuing operations including noncontrolling interests before income tax expense 1,223 928
Income tax expense 221 236
Net Income From Continuing Operations 1,002 692
Net Income (Loss) From Discontinued Operations [1] (5) 19
Net Income Including Noncontrolling Interests 997 711
Net Income 997 711
Amounts attributable to Dominion Energy    
Net income from continuing operations 1,002 692
Net income (loss) from discontinued operations $ (5) $ 19
EPS - Basic    
Net income from continuing operations $ 1.18 $ 0.82
Net income (loss) from discontinued operations (0.01) 0.02
Net income attributable to Dominion Energy 1.17 0.84
EPS - Diluted    
Net income from continuing operations 1.18 0.81
Net income (loss) from discontinued operations (0.01) 0.02
Net income attributable to Dominion Energy $ 1.17 $ 0.83
Virginia Electric and Power Company    
Operating Revenue [2] $ 2,384 $ 2,167
Operating Expenses    
Electric fuel and other energy-related purchases [2] 799 516
Purchased electric capacity 8 11
Affiliated suppliers 93 91
Other operations and maintenance 348 479
Depreciation, depletion and amortization 447 429
Other taxes 85 75
Impairment of assets and other charges 7 4
Total operating expenses 1,787 1,605
Income from operations 597 562
Other income (expense) 36 4
Interest and related charges [2] 181 148
Income before income tax expense 452 418
Income tax expense 99 61
Net Income $ 353 $ 357
[1] Includes income tax expense (benefit) of $(1) million and $6 million for the three months ended three months ended March 31, 2023 and 2022, respectively.
[2] See Note 19 for amounts attributable to affiliates.