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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenue $ 3,810 $ 3,963 $ 10,859 $ 10,135
Operating Expenses        
Electric fuel and other energy-related purchases 1,049 1,217 3,010 2,625
Purchased electric capacity 19 16 42 45
Purchased gas 40 91 212 331
Other operations and maintenance 848 849 2,365 2,589
Depreciation, depletion and amortization 663 630 1,884 1,832
Other taxes 162 172 517 531
Impairment of assets and other charges (benefits) (6) 20 136 425
Losses (gains) on sales of assets 0 (27) (23) 581
Total operating expenses 2,775 2,968 8,143 8,959
Income from operations 1,035 995 2,716 1,176
Other income (expense) 56 61 646 (181)
Interest and related charges 192 360 1,066 673
Income from continuing operations including noncontrolling interests before income tax expense 899 696 2,296 322
Income tax expense 182 70 432 61
Net Income From Continuing Operations 717 626 1,864 261
Net Income (Loss) From Discontinued Operations [1] (554) 152 (105) 775
Net Income Including Noncontrolling Interests 163 778 1,759 1,036
Net Income 163 778 1,759 1,036
Amounts attributable to Dominion Energy        
Net income from continuing operations 717 626 1,864 261
Net income (loss) from discontinued operations $ (554) $ 152 $ (105) $ 775
EPS - Basic        
Net income from continuing operations $ 0.83 $ 0.73 $ 2.16 $ 0.23
Net income (loss) from discontinued operations (0.66) 0.18 (0.13) 0.95
Net income attributable to Dominion Energy 0.17 0.91 2.03 1.18
EPS - Diluted        
Net income from continuing operations 0.83 0.73 2.16 0.23
Net income (loss) from discontinued operations (0.66) 0.18 (0.13) 0.94
Net income attributable to Dominion Energy $ 0.17 $ 0.91 $ 2.03 $ 1.17
Virginia Electric and Power Company        
Operating Revenue [2] $ 2,645 $ 2,875 $ 7,280 $ 7,217
Operating Expenses        
Electric fuel and other energy-related purchases [2] 736 981 2,241 2,030
Purchased electric capacity 15 11 33 33
Affiliated suppliers 98 81 290 256
Other operations and maintenance 434 450 1,126 1,323
Depreciation, depletion and amortization 488 451 1,367 1,305
Other taxes 71 80 223 238
Impairment of assets and other charges (benefits) (15) 19 30 432
Total operating expenses 1,827 2,073 5,310 5,617
Income from operations 818 802 1,970 1,600
Other income (expense) (1) 3 83 (37)
Interest and related charges [2] 215 168 578 461
Income before income tax expense 602 637 1,475 1,102
Income tax expense 129 66 317 127
Net Income $ 473 $ 571 $ 1,158 $ 975
[1] Includes income tax expense of $1.2 billion and $53 million for the three months ended September 30, 2023 and 2022, respectively, and $1.3 billion and $185 million for the nine months ended September 30, 2023 and 2022, respectively.
[2] See Note 19 for amounts attributable to affiliates.