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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Revenue [1] $ 12,586 $ 11,737 $ 11,683
Operating Expenses      
Electric fuel and other energy-related purchases 2,301 2,333 2,725
Purchased electric capacity 6 99 330
Purchased gas 701 459 551
Other operations and maintenance 3,068 3,243 2,711
Depreciation and amortization 1,905 1,559 1,395
Other taxes 668 596 551
Total operating expenses 8,649 8,289 8,263
Income from operations 3,937 3,448 3,420
Earnings from equity method investee (18) 111 56
Other income [1] 358 429 312
Interest and related charges 1,205 1,010 904
Income from operations before income tax expense 3,090 2,867 2,828
Income tax expense (30) 655 905
Net Income Including Noncontrolling Interests 3,120 2,212 1,923
Noncontrolling Interests 121 89 24
Net Income $ 2,999 $ 2,123 $ 1,899
Earnings Per Common Share      
Net income attributable to Dominion Energy-Basic $ 4.72 $ 3.44 $ 3.21
Net income attributable to Dominion Energy-Diluted 4.72 3.44 3.20
Dividends Declared Per Common Share $ 3.035 $ 2.800 $ 2.590
Virginia Electric and Power Company      
Operating Revenue $ 7,556 $ 7,588 $ 7,622
Operating Expenses      
Electric fuel and other energy-related purchases [2] 1,909 1,973 2,320
Purchased electric capacity 6 99 330
Affiliated suppliers 309 310 279
Other 1,169 1,547 1,355
Depreciation and amortization 1,141 1,025 953
Other taxes 290 284 264
Total operating expenses 4,824 5,238 5,501
Income from operations 2,732 2,350 2,121
Other income 76 56 68
Interest and related charges [2] 494 461 443
Income from operations before income tax expense 2,314 1,945 1,746
Income tax expense 774 727 659
Net Income 1,540 1,218 1,087
Dominion Energy Gas Holdings, LLC      
Operating Revenue [3] 1,814 1,638 1,716
Operating Expenses      
Purchased gas [3] 132 109 133
Other energy-related purchases [3] 21 12 21
Affiliated suppliers 87 81 64
Other [3] 524 469 388
Depreciation and amortization 227 204 217
Other taxes 185 170 166
Total operating expenses 1,176 1,045 989
Income from operations 638 593 727
Earnings from equity method investee 21 21 23
Other income 104 87 63
Interest and related charges [3] 97 94 73
Income from operations before income tax expense 666 607 740
Income tax expense 51 215 283
Net Income $ 615 $ 392 $ 457
[1] See Note 9 for amounts attributable to related parties.
[2] See Note 24 for amounts attributable to affiliates.
[3] See Note 24 for amounts attributable to related parties.