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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenue $ 3,794 $ 3,596 $ 9,046 $ 7,875
Operating Expenses        
Electric fuel and other energy-related purchases 939 730 1,961 1,408
Purchased electric capacity 15 16 23 29
Purchased gas 227 202 991 847
Other operations and maintenance 932 985 1,853 2,039
Depreciation, depletion and amortization 706 695 1,426 1,393
Other taxes 222 235 497 488
Impairment of assets and other charges 53 415 151 405
Losses (gains) on sales of assets (22) 636 (23) 608
Total operating expenses 3,072 3,914 6,879 7,217
Income (loss) from operations 722 (318) 2,167 658
Earnings from equity method investees 90 83 170 163
Other income (expense) 325 (287) 609 (241)
Interest and related charges 430 47 1,016 221
Income (loss) from continuing operations including noncontrolling interests before income tax expense (benefit) 707 (569) 1,930 359
Income tax expense (benefit) 121 (117) 342 119
Net Income (Loss) From Continuing Operations 586 (452) 1,588 240
Net Income (Loss) From Discontinued Operations [1] 13 (1) 8 18
Net Income (Loss) Including Noncontrolling Interests 599 (453) 1,596 258
Net Income (Loss) 599 (453) 1,596 258
Amounts attributable to Dominion Energy        
Net income (loss) from continuing operations 586 (452) 1,588 240
Net income (loss) from discontinued operations $ 13 $ (1) $ 8 $ 18
EPS - Basic        
Net income (loss) from continuing operations $ 0.67 $ (0.58) $ 1.85 $ 0.23
Net income (loss) from discontinued operations 0.02 0 0.01 0.02
Net income (loss) attributable to Dominion Energy 0.69 (0.58) 1.86 0.25
EPS - Diluted        
Net income (loss) from continuing operations 0.67 (0.58) 1.85 0.23
Net income (loss) from discontinued operations 0.02 0 0.01 0.02
Net income (loss) attributable to Dominion Energy $ 0.69 $ (0.58) $ 1.86 $ 0.25
Virginia Electric and Power Company        
Operating Revenue [2] $ 2,251 $ 2,175 $ 4,635 $ 4,342
Operating Expenses        
Electric fuel and other energy-related purchases [2] 706 533 1,505 1,049
Purchased electric capacity 10 11 18 22
Affiliated suppliers 99 84 192 175
Other operations and maintenance 344 394 692 873
Depreciation, depletion and amortization 432 425 879 854
Other taxes 67 83 152 158
Impairment of assets and other charges 38 409 45 413
Total operating expenses 1,696 1,939 3,483 3,544
Income (loss) from operations 555 236 1,152 798
Other income (expense) 48 (44) 84 (40)
Interest and related charges [2] 182 145 363 293
Income before income tax expense 421 47 873 465
Income tax expense (benefit) 89 0 188 61
Net Income (Loss) $ 332 $ 47 $ 685 $ 404
[1] Includes income tax expense (benefit) of $4 million and $(2) million for the three months ended June 30, 2023 and 2022, respectively, and $3 million and $4 million for the six months ended June 30, 2023 and 2022, respectively.
[2] See Note 19 for amounts attributable to affiliates.