XML 30 R17.htm IDEA: XBRL DOCUMENT v3.23.3
Operating Revenue
9 Months Ended
Sep. 30, 2023
Text Block [Abstract]  
Operating Revenue

Note 4. Operating Revenue

The Companies’ operating revenue consists of the following:

 

 

Dominion Energy

 

 

Virginia Power

 

 

Quarter-to-Date

 

 

Year-to-Date

 

 

Quarter-to-Date

 

 

Year-to-Date

 

Period Ended September 30,

2023

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

$

1,558

 

 

$

1,609

 

 

$

3,968

 

 

$

4,013

 

 

$

1,133

 

 

$

1,238

 

 

$

2,975

 

 

$

3,069

 

Commercial

 

1,236

 

 

 

1,349

 

 

 

3,453

 

 

 

3,336

 

 

 

962

 

 

 

1,105

 

 

 

2,745

 

 

 

2,696

 

Industrial

 

227

 

 

 

253

 

 

 

658

 

 

 

670

 

 

 

109

 

 

 

134

 

 

 

324

 

 

 

347

 

Government and other retail

 

288

 

 

 

353

 

 

 

764

 

 

 

922

 

 

 

269

 

 

 

335

 

 

 

711

 

 

 

874

 

Wholesale

 

53

 

 

 

66

 

 

 

133

 

 

 

181

 

 

 

37

 

 

 

38

 

 

 

88

 

 

 

101

 

Nonregulated electric sales

 

229

 

 

 

345

 

 

 

611

 

 

 

948

 

 

 

22

 

 

 

17

 

 

 

55

 

 

 

62

 

Regulated gas sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

28

 

 

 

32

 

 

 

207

 

 

 

247

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

25

 

 

 

36

 

 

 

106

 

 

 

141

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

19

 

 

 

55

 

 

 

58

 

 

 

132

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated gas transportation and storage

 

4

 

 

 

11

 

 

 

13

 

 

 

35

 

 

 

 

 

 

 

 

 

 

 

 

 

Other regulated revenues

 

61

 

 

 

68

 

 

 

204

 

 

 

208

 

 

 

57

 

 

 

64

 

 

 

193

 

 

 

195

 

Other nonregulated revenues(1)(2)

 

30

 

 

 

59

 

 

 

115

 

 

 

134

 

 

 

9

 

 

 

28

 

 

 

42

 

 

 

50

 

Total operating revenue from contracts with customers

 

3,758

 

 

 

4,236

 

 

 

10,290

 

 

 

10,967

 

 

 

2,598

 

 

 

2,959

 

 

 

7,133

 

 

 

7,394

 

Other revenues(1)(3)

 

52

 

 

 

(273

)

 

 

569

 

 

 

(832

)

 

 

47

 

 

 

(84

)

 

 

147

 

 

 

(177

)

Total operating revenue

$

3,810

 

 

$

3,963

 

 

$

10,859

 

 

$

10,135

 

 

$

2,645

 

 

$

2,875

 

 

$

7,280

 

 

$

7,217

 

 

(1)
See Note 19 for amounts attributable to affiliates.
(2)
Includes sales of renewable energy credits were $7 million and $21 million for the three months ended September 30, 2023 and 2022, respectively, and $36 million and $32 million for the nine months ended September 30, 2023 and 2022, respectively, at Dominion Energy and $2 million and $13 million for the three months ended September 30, 2023 and 2022, respectively, and $24 million and $13 million for the nine months ended September 30, 2023 and 2022, respectively, at Virginia Power.
(3)
Includes alternative revenue of $34 million and $20 million for the three months ended September 30, 2023 and 2022, respectively, and $111 million and $47 million for the nine months ended September 30, 2023 and 2022, respectively, at both Dominion Energy and Virginia Power.

 

Neither Dominion Energy nor Virginia Power have any amounts for revenue to be recognized in the future on multi-year contracts in place at September 30, 2023.

At September 30, 2023 and December 31, 2022, Dominion Energy’s contract liability balances were $81 million and $51 million, respectively, and are recorded in other current liabilities and other deferred credits and other liabilities in its Consolidated Balance Sheets. At September 30, 2023 and December 31, 2022, Virginia Power’s contract liability balances were $74 million and $39 million, respectively, and are recorded in other current liabilities and other deferred credits and other liabilities in its Consolidated Balance Sheets.

The Companies recognize revenue as they fulfill their obligations to provide service to their customers. During the nine months ended September 30, 2023 and 2022, Dominion Energy recognized revenue of $48 million and $39 million, respectively, from the beginning contract liability balances. During the nine months ended September 30, 2023 and 2022, Virginia Power recognized $39 million and $33 million, respectively, from the beginning contract liability balances.