Operating Revenue (Tables)

Nov. 18, 2019

Regulated and Unregulated Operating Revenue [Abstract]

Schedule of Operating Revenue

The Companies’ operating revenue consists of the following:

	Three Months Ended March 31,
	2019		2018
(millions)
Dominion Energy
Regulated electric sales:
Residential	$	646	$	817
Commercial		496		524
Industrial		30		107
Government and other retail		200		213
Wholesale		48		42
Nonregulated electric sales		316		418
Regulated gas sales:
Residential		602		364
Commercial		191		103
Other		38		10
Nonregulated gas sales		247		88
Regulated gas transportation and storage:
FERC-regulated		277		262
State-regulated		213		190
Nonregulated gas transportation and storage		174		—
Other regulated revenues(1)		58		50
Other nonregulated revenues(1)(2)		95		136
Total operating revenue from contracts with customers		3,631		3,324
Other revenues(3)		227		142
Total operating revenue	$	3,858	$	3,466
Virginia Power
Regulated electric sales:
Residential	$	923	$	817
Commercial		636		524
Industrial		112		107
Government and other retail		204		213
Wholesale		37		42
Other regulated revenues		33		32
Other nonregulated revenues(2)		6		13
Total operating revenue from contracts with customers		1,951		1,748
Other revenues(2)(3)		14		—
Total operating revenue	$	1,965	$	1,748
Dominion Energy Gas
Regulated gas sales - wholesale	$	2		5
Nonregulated gas sales(2)		2		2
Regulated gas transportation and storage		340		314
Nonregulated gas transportation and storage		174	$	—
Management service revenue(2)		44		59
Other regulated revenues		3		8
Total operating revenue from contracts with customers		565		388
Other revenues		1		1
Total operating revenue	$	566	$	389

(1) Amounts above include $51 million for the three months ended March 31, 2019, and $30 million for the three months ended March 31, 2018 primarily consisting of NGL sales at Dominion Energy which are considered to be goods transferred at a point in time.

(2) See Notes 10 and 19 for amounts attributable to related parties and affiliates.

(3) Amounts above include $14 million and $8 million of alternative revenue at Dominion Energy and Virginia Power for the three months ended March 31, 2019, respectively.

Schedule of Aggregate Amount of Transaction Price Allocated To Fixed-price Performance Obligations That Unsatisfied At End of Reporting Period And Expected To be Recognized

The table below discloses the aggregate amount of the transaction price allocated to fixed-price performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period and when the Companies expect to recognize this revenue. These

revenues relate to contracts containing fixed prices where the Companies will earn the associated revenue over time as they stand ready to perform services provided. This disclosure does not include revenue related to performance obligations that are part of a contract with original durations of one year or less. In addition, this disclosure does not include expected consideration related to performance obligations for which the Companies elect to recognize revenue in the amount they have a right to invoice.

Revenue expected to be recognized on multi-year contracts in place at March 31, 2019	2019		2020		2021		2022		2023		Thereafter		Total
(millions)
Dominion Energy	$	1,197	$	1,547	$	1,448	$	1,334	$	1,166	$	13,562	$	20,254
Virginia Power		16		3		1		—		—		—		20
Dominion Energy Gas		1,266		1,657		1,557		1,422		1,231		13,865		20,998