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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2019
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

 

Three Months Ended March 31,

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

U.S. statutory rate

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

 

 

21.0

%

Increases (reductions) resulting from:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State taxes, net of federal benefit

 

 

2.2

 

 

 

4.1

 

 

 

4.6

 

 

 

4.5

 

 

 

3.4

 

 

 

4.3

 

Investment tax credits

 

 

(1.5

)

 

 

(0.5

)

 

 

(3.2

)

 

 

(0.9

)

 

 

 

 

 

 

Production tax credits

 

 

(0.8

)

 

 

(0.6

)

 

 

(1.0

)

 

 

(0.7

)

 

 

 

 

 

 

Reversal of excess deferred income

    taxes

 

 

(5.1

)

 

 

(1.4

)

 

 

(5.0

)

 

 

(2.0

)

 

 

(1.1

)

 

 

(1.0

)

Write-off of regulatory assets

 

 

(34.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other, net

 

 

(2.0

)

 

 

(2.1

)

 

 

0.1

 

 

 

(0.3

)

 

 

(0.3

)

 

 

(0.4

)

Effective tax rate

 

 

(20.3

)%

 

 

20.5

%

 

 

16.5

%

 

 

21.6

%

 

 

23.0

%

 

 

23.9

%