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Operating Revenue (Tables)
12 Months Ended
Dec. 31, 2020
Regulated And Unregulated Operating Revenue [Abstract]  
Schedule of Operating Revenue

The Companies’ operating revenue consists of the following:

 

Year Ended December 31,

 

2020

 

 

2019

 

 

2018

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

4,833

 

 

$

4,325

 

 

$

3,413

 

Commercial

 

 

3,102

 

 

 

3,219

 

 

 

2,503

 

Industrial

 

 

730

 

 

 

683

 

 

 

490

 

Government and other retail

 

 

868

 

 

 

873

 

 

 

854

 

Wholesale

 

 

128

 

 

 

176

 

 

 

137

 

Nonregulated electric sales

 

 

803

 

 

 

926

 

 

 

1,294

 

Regulated gas sales:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

1,283

 

 

 

1,343

 

 

 

818

 

Commercial

 

 

457

 

 

 

457

 

 

 

221

 

Other

 

 

88

 

 

 

109

 

 

 

11

 

Nonregulated gas sales

 

 

174

 

 

 

495

 

 

 

210

 

Regulated gas transportation and storage

 

 

801

 

 

 

742

 

 

 

640

 

Other regulated revenues

 

 

327

 

 

 

252

 

 

 

178

 

Other nonregulated revenues(1)(2)

 

 

158

 

 

 

145

 

 

 

122

 

Total operating revenue from contracts with customers

 

 

13,752

 

 

 

13,745

 

 

 

10,891

 

Other revenues(3)(4)

 

 

420

 

 

 

656

 

 

 

308

 

Total operating revenue

 

$

14,172

 

 

$

14,401

 

 

$

11,199

 

Virginia Power

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

3,677

 

 

$

3,657

 

 

$

3,413

 

Commercial

 

 

2,342

 

 

 

2,712

 

 

 

2,503

 

Industrial

 

 

380

 

 

 

455

 

 

 

490

 

Government and other retail

 

 

804

 

 

 

823

 

 

 

854

 

Wholesale

 

 

90

 

 

 

128

 

 

 

137

 

Other regulated revenues

 

 

299

 

 

 

190

 

 

 

132

 

Other nonregulated revenues(1)(2)

 

 

69

 

 

 

71

 

 

 

55

 

Total operating revenue from contracts with customers

 

 

7,661

 

 

 

8,036

 

 

 

7,584

 

Other revenues(1)(3)

 

 

102

 

 

 

72

 

 

 

35

 

Total operating revenue

 

$

7,763

 

 

$

8,108

 

 

$

7,619

 

(1)

See Notes 9 and 25 for amounts attributable to related parties and affiliates.

(2)

Amounts above include sales which are considered to be goods transferred at a point in time. For the years ended December 31, 2020, 2019 and 2018, such amounts included $22 million, $37 million and $19 million, respectively, at Dominion Energy, primarily consisting of sales of commodities related to nonregulated extraction activities and other miscellaneous products. Additionally, amounts above include sales of renewable energy credits. For the years ended December 31, 2020, 2019 and 2018, such sales were $20 million, $24 million and $17 million, respectively, at Dominion Energy and $11 million, $17 million and $11 million, respectively, at Virginia Power.

(3)

Amounts above include alternative revenue of $119 million and $82 million for the year ended December 31, 2020 at Dominion Energy and Virginia Power, $66 million and $52 million for year ended December 31, 2019 at Dominion Energy and Virginia Power, respectively, and $15 million for year ended December 31, 2018 at both Dominion Energy and Virginia Power.

(4)

Amounts above include revenue associated with services provided to entities presented in discontinued operations of $4 million for the year ended December 31, 2020 and $6 million for both years ended December 31, 2019 and 2018.

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 Dominion Energy expects to recognize this revenue. These revenues relate to contracts containing fixed prices where Dominion Energy will earn the associated revenue over time as it stands 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 Dominion Energy elects to recognize revenue in the amount it has a right to invoice.

 

 

Revenue expected to be recognized on multi-year

   contracts in place at December 31, 2020

 

2021

 

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

Thereafter

 

 

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy(1)

 

$

67

 

 

$

66

 

 

$

64

 

 

$

57

 

 

$

50

 

 

$

466

 

 

$

770

 

(1)

Includes $1 million for Virginia Power in 2021.