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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Effective Income Tax

For continuing operations, including noncontrolling interests, the statutory U.S. federal income tax rate reconciles to the Companies’ effective income tax rate as follows:

 

 

 

Dominion Energy

 

 

Virginia Power

 

 

Dominion Energy Gas

 

Nine Months Ended September 30,

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

U.S. statutory rate

 

 

21.0

%

 

 

35.0

%

 

 

21.0

%

 

 

35.0

%

 

 

21.0

%

 

 

35.0

%

Increases (reductions) resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State taxes, net of federal benefit

 

 

3.3

 

 

 

2.9

 

 

 

4.6

 

 

 

3.7

 

 

 

3.9

 

 

 

2.7

 

Investment tax credits

 

 

(0.9

)

 

 

(5.7

)

 

 

(1.4

)

 

 

(0.8

)

 

 

 

 

 

 

Production tax credits

 

 

(0.7

)

 

 

(0.7

)

 

 

(0.7

)

 

 

(0.5

)

 

 

 

 

 

 

Reversal of excess deferred income

    taxes

 

 

(1.5

)

 

 

 

 

 

(1.9

)

 

 

 

 

 

(1.3

)

 

 

 

Federal legislative change

 

 

2.0

 

 

 

 

 

 

(0.2

)

 

 

 

 

 

2.0

 

 

 

 

State legislative change

 

 

(0.8

)

 

 

 

 

 

 

 

 

 

 

 

0.1

 

 

 

 

AFUDC - equity

 

 

(0.9

)

 

 

(1.3

)

 

 

(0.5

)

 

 

(0.6

)

 

 

(0.4

)

 

 

(0.8

)

Other, net

 

 

(1.0

)

 

 

(2.6

)

 

 

(0.3

)

 

 

0.2

 

 

 

0.7

 

 

 

(0.1

)

Effective tax rate

 

 

20.5

%

 

 

27.6

%

 

 

20.6

%

 

 

37.0

%

 

 

26.0

%

 

 

36.8

%