XML 52 R39.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Income Taxes (Tables)
3 Months Ended
Mar. 31, 2024
Income Tax Disclosure [Abstract]  
Effective Income Tax

 

 

 

Dominion Energy

 

 

Virginia Power

 

Three Months Ended March 31,

 

2024

 

 

2023

 

 

2024

 

 

2023

 

U.S. statutory rate

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

Increases (reductions) resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

State taxes, net of federal benefit

 

 

3.4

 

 

 

3.8

 

 

 

4.4

 

 

 

4.6

 

Investment tax credits

 

 

(1.3

)

 

 

(1.1

)

 

 

(0.7

)

 

 

(0.8

)

Production tax credits

 

 

(1.0

)

 

 

(0.4

)

 

 

(0.9

)

 

 

(0.7

)

Reversal of excess deferred income taxes

 

 

(2.1

)

 

 

(2.0

)

 

 

(1.7

)

 

 

(2.7

)

AFUDC - equity

 

 

(0.7

)

 

 

(0.1

)

 

 

(0.7

)

 

 

0.2

 

Other, net

 

 

0.1

 

 

 

(1.1

)

 

 

0.2

 

 

 

(0.2

)

Effective tax rate

 

 

19.4

%

 

 

20.1

%

 

 

21.6

%

 

 

21.4

%