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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenue $ 3,632 $ 3,883
Operating Expenses    
Electric fuel and other energy-related purchases 959 1,022
Purchased electric capacity 12 8
Purchased gas 120 123
Other operations and maintenance 856 742
Depreciation and amortization 621 622
Other taxes 202 191
Impairment of assets and other charges 30 98
Losses (gains) on sales of assets (1) (2)
Total operating expenses 2,799 2,804
Income from operations 833 1,079
Other income (expense) 435 276
Interest and related charges 574 479
Income from continuing operations including noncontrolling interests before income tax expense 694 876
Income tax expense 134 176
Net Income From Continuing Operations 560 700
Net Income From Discontinued Operations [1] 114 281
Net Income Including Noncontrolling Interests 674 981
Net Income 674 981
Amounts attributable to Dominion Energy    
Net income from continuing operations 560 700
Net income from discontinued operations $ 114 $ 281
EPS - Basic    
Net income from continuing operations $ 0.64 $ 0.81
Net income from discontinued operations 0.14 0.34
Net income attributable to Dominion Energy 0.78 1.15
EPS - Diluted    
Net income from continuing operations 0.64 0.81
Net income from discontinued operations 0.14 0.34
Net income attributable to Dominion Energy $ 0.78 $ 1.15
Virginia Electric and Power Company    
Operating Revenue [2] $ 2,489 $ 2,384
Operating Expenses    
Electric fuel and other energy-related purchases [2] 701 799
Purchased electric capacity 13 8
Affiliated suppliers 102 93
Other operations and maintenance 429 348
Depreciation and amortization 448 447
Other taxes 93 85
Impairment of assets and other charges (benefits) (17) 7
Total operating expenses 1,769 1,787
Income from operations 720 597
Other income (expense) 63 36
Interest and related charges [2] 190 181
Income before income tax expense 593 452
Income tax expense 128 97
Net Income Including Noncontrolling Interests 465 355
Net Income $ 465 $ 355
[1] Includes income tax expense of $51 million and $56 million for the three months ended March 31, 2024 and 2023, respectively.
[2] See Note 19 for amounts attributable to affiliates.