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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 $ 3,166 $ 3,059 $ 7,049 $ 6,172
Operating Expenses        
Electric fuel and other energy-related purchases 939 730 1,961 1,408
Purchased electric capacity 15 16 23 29
Purchased gas 49 95 172 240
Other operations and maintenance 775 850 1,517 1,740
Depreciation, depletion and amortization 603 600 1,221 1,202
Other taxes 164 177 355 359
Impairment of assets and other charges 44 416 142 405
Losses (gains) on sales of assets (21) 636 (23) 608
Total operating expenses 2,568 3,520 5,368 5,991
Income (loss) from operations 598 (461) 1,681 181
Other income (expense) 314 (285) 590 (242)
Interest and related charges 395 71 874 313
Income (loss) from continuing operations including noncontrolling interests before income tax expense (benefit) 517 (817) 1,397 (374)
Income tax expense (benefit) 86 (152) 250 (9)
Net Income (Loss) From Continuing Operations 431 (665) 1,147 (365)
Net Income (Loss) From Discontinued Operations [1] 168 212 449 623
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 431 (665) 1,147 (365)
Net income (loss) from discontinued operations 168 212 449 623
Net income (loss) attributable to Dominion Energy $ 599 $ (453) $ 1,596 $ 258
EPS - Basic        
Net income (loss) from continuing operations $ 0.49 $ (0.84) $ 1.32 $ (0.51)
Net income (loss) from discontinued operations 0.2 0.26 0.54 0.76
Net income (loss) attributable to Dominion Energy 0.69 (0.58) 1.86 0.25
EPS - Diluted        
Net income (loss) from continuing operations 0.49 (0.84) 1.32 (0.51)
Net income (loss) from discontinued operations 0.2 0.26 0.54 0.76
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
Amounts attributable to Dominion Energy        
Net income (loss) attributable to Dominion Energy $ 332 $ 47 $ 685 $ 404
[1] Includes income tax expense (benefit) of $38 million and $32 million for the three months ended June 30, 2023 and 2022, respectively, and $94 million and $132 million for the six months ended June 30, 2023 and 2022, respectively.
[2] See Note 19 for amounts attributable to affiliates.