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Income Taxes (Tables)
6 Months Ended
Jun. 30, 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

 

Six Months Ended June 30,

 

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

 

 

0.7

 

 

 

3.8

 

 

 

4.7

 

 

 

4.5

 

 

 

4.2

 

 

 

3.6

 

Investment tax credits

 

 

(3.8

)

 

 

(0.9

)

 

 

(5.2

)

 

 

(1.4

)

 

 

 

 

 

 

Production tax credits

 

 

(1.1

)

 

 

(0.7

)

 

 

(0.8

)

 

 

(0.7

)

 

 

 

 

 

 

Reversal of excess deferred income

    taxes

 

 

(6.9

)

 

 

(1.5

)

 

 

(4.2

)

 

 

(2.0

)

 

 

(2.8

)

 

 

(1.2

)

State legislative change

 

 

 

 

 

(1.6

)

 

 

 

 

 

 

 

 

 

 

 

0.3

 

Write-off of regulatory assets

 

 

(41.6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other, net

 

 

(2.2

)

 

 

(2.0

)

 

 

0.3

 

 

 

(0.2

)

 

 

(0.5

)

 

 

(0.2

)

Effective tax rate

 

 

(33.9

)%

 

 

18.1

%

 

 

15.8

%

 

 

21.2

%

 

 

21.9

%

 

 

23.5

%