XML 54 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Operating Revenue (Tables)
6 Months Ended
Jun. 30, 2020
Regulated And Unregulated Operating Revenue [Abstract]  
Schedule of Operating Revenue

The Companies’ operating revenue consists of the following:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

1,091

 

 

$

1,094

 

 

$

2,249

 

 

$

1,740

 

Commercial

 

 

728

 

 

 

889

 

 

 

1,526

 

 

 

1,385

 

Industrial

 

 

176

 

 

 

217

 

 

 

358

 

 

 

247

 

Government and other retail

 

 

193

 

 

 

214

 

 

 

412

 

 

 

414

 

Wholesale

 

 

29

 

 

 

41

 

 

 

62

 

 

 

89

 

Nonregulated electric sales

 

 

177

 

 

 

175

 

 

 

409

 

 

 

491

 

Regulated gas sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

182

 

 

 

177

 

 

 

730

 

 

 

779

 

Commercial

 

 

63

 

 

 

73

 

 

 

254

 

 

 

264

 

Other

 

 

16

 

 

 

25

 

 

 

44

 

 

 

63

 

Nonregulated gas sales

 

 

33

 

 

 

71

 

 

 

116

 

 

 

318

 

Regulated gas transportation and storage:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FERC-regulated

 

 

247

 

 

 

247

 

 

 

528

 

 

 

524

 

State-regulated

 

 

182

 

 

 

166

 

 

 

414

 

 

 

379

 

Nonregulated gas transportation and storage

 

 

176

 

 

 

174

 

 

 

351

 

 

 

348

 

Other regulated revenues(1)

 

 

98

 

 

 

82

 

 

 

173

 

 

 

126

 

Other nonregulated revenues(1)(2)

 

 

79

 

 

 

101

 

 

 

167

 

 

 

209

 

Total operating revenue from contracts

   with customers

 

 

3,470

 

 

 

3,746

 

 

 

7,793

 

 

 

7,376

 

Other revenues(3)

 

 

115

 

 

 

224

 

 

 

288

 

 

 

452

 

Total operating revenue

 

$

3,585

 

 

$

3,970

 

 

$

8,081

 

 

$

7,828

 

Virginia Power

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

818

 

 

$

808

 

 

$

1,714

 

 

$

1,731

 

Commercial

 

 

546

 

 

 

681

 

 

 

1,160

 

 

 

1,317

 

Industrial

 

 

89

 

 

 

118

 

 

 

186

 

 

 

230

 

Government and other retail

 

 

177

 

 

 

197

 

 

 

380

 

 

 

401

 

Wholesale

 

 

21

 

 

 

29

 

 

 

45

 

 

 

66

 

Other regulated revenues

 

 

94

 

 

 

62

 

 

 

156

 

 

 

88

 

Other nonregulated revenues(1)(2)

 

 

20

 

 

 

19

 

 

 

33

 

 

 

33

 

Total operating revenue from contracts

   with customers

 

 

1,765

 

 

 

1,914

 

 

 

3,674

 

 

 

3,866

 

Other revenues(2)(3)

 

 

40

 

 

 

24

 

 

 

61

 

 

 

37

 

Total operating revenue

 

$

1,805

 

 

$

1,938

 

 

$

3,735

 

 

$

3,903

 

Dominion Energy Gas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated gas sales - wholesale

 

$

 

 

$

 

 

$

2

 

 

$

2

 

Nonregulated gas sales(2)

 

 

 

 

 

1

 

 

 

1

 

 

 

3

 

Regulated gas transportation and storage(2)

 

 

302

 

 

 

306

 

 

 

646

 

 

 

646

 

Nonregulated gas transportation and storage

 

 

175

 

 

 

173

 

 

 

350

 

 

 

348

 

Management service revenue(2)

 

 

29

 

 

 

45

 

 

 

60

 

 

 

88

 

Other regulated revenues(1)

 

 

2

 

 

 

3

 

 

 

3

 

 

 

6

 

Other nonregulated revenues(1)(2)

 

 

1

 

 

 

1

 

 

 

2

 

 

 

1

 

Total operating revenue from contracts

   with customers

 

 

509

 

 

 

529

 

 

 

1,064

 

 

 

1,094

 

Other revenues(2)

 

 

1

 

 

 

1

 

 

 

2

 

 

 

2

 

Total operating revenue

 

$

510

 

 

$

530

 

 

$

1,066

 

 

$

1,096

 

 

1)

Amounts above include sales which are considered to be goods transferred at a point in time. Such amounts included $19 million and $— million for the three months ended June 30, 2020, $42 million and $2 million for the three months ended June 30, 2019, $58 million and $1 million for the six months ended June 30, 2020 and $93 and $3 million for the six months ended June 30, 2019, primarily consisting of NGL sales at Dominion Energy and Dominion Energy Gas, respectively. Additionally, amounts above include sales of renewable energy credits. Such amounts included $7 million and $5 million for the three months ended June 30, 2020, $4 million and $2 million for the three months ended June 30, 2019, $11 million and $8 million for the six months ended June 30, 2020 and $7 million and $3 million for the six months ended June 30, 2019, at Dominion Energy and Virginia Power, respectively.

2)

See Notes 10 and 19 for amounts attributable to related parties and affiliates.

3)

Amounts above include alternative revenue of $39 million and $21 million at Dominion Energy and $34 million and $18 million at Virginia Power for the three months ended June 30, 2020 and 2019, respectively, and $75 million and $35 million at Dominion Energy and $51 million and $26 million at Virginia Power for the six months ended June 30, 2020 and 2019, respectively.

 

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 June 30, 2020

 

2020

 

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

Thereafter

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

$

823

 

 

$

1,567

 

 

$

1,475

 

 

$

1,315

 

 

$

1,190

 

 

$

13,095

 

 

$

19,465

 

Virginia Power

 

 

2

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

Dominion Energy Gas

 

 

899

 

 

 

1,719

 

 

 

1,585

 

 

 

1,402

 

 

 

1,248

 

 

 

13,280

 

 

 

20,133