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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenue [1] $ 3,585 $ 3,970 $ 8,081 $ 7,828
Operating Expenses        
Electric fuel and other energy-related purchases 505 718 1,173 1,509
Purchased (excess) electric capacity 11 24 13 63
Purchased (excess) gas 74 227 501 957
Other operations and maintenance 995 1,283 2,038 2,285
Depreciation, depletion and amortization 673 661 1,346 1,312
Other taxes 256 284 540 576
Impairment of assets and other charges 531 312 1,299 1,147
Total operating expenses 3,045 3,509 6,910 7,849
Income (loss) from operations 540 461 1,171 (21)
Earnings (loss) from equity method investees (2,281) 39 (2,228) 80
Other income 502 53 50 400
Interest and related charges 449 452 939 921
Income (loss) from operations including noncontrolling interests before income tax expense (benefit) (1,688) 101 (1,946) (462)
Income tax expense (benefit) (556) 43 (575) 157
Net Income (Loss) Including Noncontrolling Interests (1,132) 58 (1,371) (619)
Noncontrolling Interests 37 4 68 7
Net Income (Loss) $ (1,169) $ 54 $ (1,439) $ (626)
Earnings Per Common Share        
Net Income (Loss) attributable to Dominion Energy - Basic $ (1.41) $ 0.07 $ (1.75) $ (0.78)
Net Income (Loss) attributable to Dominion Energy - Diluted $ (1.41) $ 0.05 $ (1.75) $ (0.78)
Virginia Electric and Power Company        
Operating Revenue [2] $ 1,805 $ 1,938 $ 3,735 $ 3,903
Operating Expenses        
Electric fuel and other energy-related purchases [2] 366 536 858 1,132
Purchased (excess) electric capacity (8) 13 (17) 46
Affiliated suppliers 80 127 167 213
Other operations and maintenance 296 438 627 631
Depreciation, depletion and amortization 307 299 618 603
Other taxes 85 90 172 175
Impairment of assets and other charges 44 197 808 743
Total operating expenses 1,170 1,700 3,233 3,543
Income (loss) from operations 635 238 502 360
Other income 52 16 0 53
Interest and related charges [2] 137 135 263 270
Income before income tax expense 550 119 239 143
Income tax expense (benefit) 60 19 29 23
Net Income (Loss) 490 100 210 120
Dominion Energy Gas Holdings, LLC        
Operating Revenue [3] 510 530 1,066 1,096
Operating Expenses        
Purchased (excess) gas [3] 0 (3) 8 9
Other energy-related purchases 1 1 1 1
Affiliated suppliers 39 54 79 93
Other operations and maintenance 111 156 236 293
Depreciation, depletion and amortization 94 92 187 182
Other taxes 35 38 77 78
Impairment of assets and other charges 482 13 482 13
Total operating expenses 762 351 1,070 669
Income (loss) from operations (252) 179 (4) 427
Earnings (loss) from equity method investees 8 9 23 22
Other income [3] 46 44 95 85
Interest and related charges [3] 50 86 108 173
Income (loss) from operations including noncontrolling interests before income tax expense (benefit) (248) 146 6 361
Income tax expense (benefit) (82) 23 (30) 66
Net income (loss) from continuing operations (166) 123 36 295
Net Income from discontinued operations 0 26 0 80
Net Income (Loss) Including Noncontrolling Interests (166) 149 36 375
Noncontrolling Interests 32 30 65 66
Net Income (Loss) $ (198) $ 119 $ (29) $ 309
[1] See Note 10 for amounts attributable to related parties.
[2] See Note 19 for amounts attributable to affiliates.
[3] See Note 19 for amounts attributable to related parties.