Operating Revenue (Tables)

9 Months Ended

Sep. 30, 2018

Operating Revenue For Revised Guidance of Revenue Recognition From Contracts with Customers

The Companies’ operating revenue, prior to the adoption of revised guidance for revenue recognition from contracts with customers, consisted of the following:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2017		2017
(millions)
Dominion Energy
Electric sales:
Regulated	$	2,108	$	5,590
Nonregulated		380		1,114
Gas sales:
Regulated		97		696
Nonregulated		69		323
Gas transportation and storage		406		1,328
Other		119		325
Total operating revenue	$	3,179	$	9,376
Virginia Power
Regulated electric sales	$	2,108	$	5,590
Other		46		142
Total operating revenue	$	2,154	$	5,732
Dominion Energy Gas
Gas sales:
Regulated	$	12	$	59
Nonregulated		2		12
Gas transportation and storage		324		1,062
Other		63		180
Total operating revenue	$	401	$	1,313

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 September 30, 2018	2018		2019		2020		2021		2022		Thereafter		Total
(millions)
Dominion Energy	$	430	$	1,672	$	1,568	$	1,454	$	1,324	$	13,799	$	20,247
Virginia Power		5		21		3		1		—		—		30
Dominion Energy Gas		170		633		574		489		397		2,171		4,434

Subsequent To Adoption of Revised Guidance

Operating Revenue For Revised Guidance of Revenue Recognition From Contracts with Customers

The Companies’ operating revenue, subsequent to the adoption of revised guidance for revenue recognition from contracts with customers, consists of the following:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2018		2018
(millions)
Dominion Energy
Regulated electric sales:
Residential	$	1,036	$	2,641
Commercial		737		1,897
Industrial		143		371
Government and other retail		224		647
Wholesale		30		95
Nonregulated electric sales		322		1,022
Regulated gas sales:
Residential		73		553
Commercial		15		152
Other		3		14
Nonregulated gas sales		42		139
Regulated gas transportation and storage:
FERC-regulated		266		800
State-regulated		138		472
Nonregulated gas transportation and storage		162		286
Other regulated revenues		38		132
Other nonregulated revenues⁽¹⁾⁽²⁾		133		410
Total operating revenue from contracts with customers		3,362		9,631
Other revenues⁽²⁾		89		374
Total operating revenue	$	3,451	$	10,005
Virginia Power
Regulated electric sales:
Residential	$	1,036	$	2,641
Commercial		737		1,897
Industrial		143		371
Government and other retail		224		647
Wholesale		30		95
Other regulated revenues		30		95
Other nonregulated revenues⁽¹⁾⁽²⁾		10		41
Total operating revenue from contracts with customers		2,210		5,787
Other revenues⁽¹⁾⁽²⁾		22		22
Total operating revenue	$	2,232	$	5,809
Dominion Energy Gas
Regulated gas sales:
Residential	$	12	$	54
Other		—		9
Nonregulated gas sales⁽¹⁾		2		5
Regulated gas transportation and storage:
FERC-regulated⁽¹⁾		179		561
State-regulated⁽¹⁾		131		450
NGL revenue⁽¹⁾⁽²⁾		42		146
Management service revenue⁽¹⁾		50		157
Other regulated revenues⁽¹⁾		4		16
Other nonregulated revenues⁽¹⁾		3		9
Total operating revenue from contracts with customers		423		1,407
Other revenues		—		1
Total operating revenue	$	423	$	1,408

(1)

See Notes 10 and 18 for amounts attributable to related parties and affiliates.

(2)

Amounts above include $108 million and $91 million for the three months ended September 30, 2018, and $170 million and $138 million for the nine months ended September 30, 2018 primarily consisting of NGL sales at Dominion Energy and Dominion Energy Gas, respectively, which are considered to be goods transferred at a point in time. In addition, the amounts include $10 million and $11 million of sales of renewable energy investment tax credits at both Dominion Energy and Virginia Power for the three and nine months ended September 30, 2018, respectively, which are considered to be goods transferred at a point in time.