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Operating Segments (Tables)
12 Months Ended
Dec. 31, 2020
Segment Reporting Information [Line Items]  
Schedule of Primary Operating Segments

The Companies are organized primarily on the basis of products and services sold in the U.S. A description of the operations included in the Companies’ primary operating segments is as follows:

Primary Operating Segment

 

Description of Operations

 

Dominion Energy

 

Virginia Power

Dominion Energy Virginia

 

Regulated electric distribution

 

X

 

X

 

 

Regulated electric transmission

 

X

 

X

 

 

Regulated electric generation fleet(1)

 

X

 

X

Gas Distribution

 

Regulated gas distribution and storage(2)

 

X

 

 

Dominion Energy South Carolina

 

Regulated electric distribution

 

X

 

 

 

 

Regulated electric transmission

 

X

 

 

 

 

Regulated electric generation fleet

 

X

 

 

 

 

Regulated gas distribution and storage

 

X

 

 

Contracted Assets

 

Nonregulated electric generation fleet

 

X

 

 

 

 

Noncontrolling interest in Cove Point

 

X

 

 

(1)    Includes Virginia Power’s nonjurisdictional generation operations.

(2)   Includes renewable natural gas operations as well as Wexpro’s natural gas development and production operations.

Schedule of Segment Reporting Information, by Segment

The following table presents segment information pertaining to Dominion Energy’s operations:

 

Year Ended December 31,

 

Dominion Energy Virginia

 

 

Gas Distribution

 

 

Dominion Energy South Carolina

 

 

Contracted Assets

 

 

Corporate

and Other

 

 

Adjustments &

Eliminations

 

 

Consolidated

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

7,802

 

 

$

2,345

 

 

$

2,782

 

 

$

1,020

 

 

$

200

 

 

$

48

 

 

$

14,197

 

Intersegment revenue

 

 

(15

)

 

 

10

 

 

 

5

 

 

 

51

 

 

 

963

 

 

 

(1,039

)

 

 

(25

)

Total operating revenue

 

 

7,787

 

 

 

2,355

 

 

 

2,787

 

 

 

1,071

 

 

 

1,163

 

 

 

(991

)

 

 

14,172

 

Depreciation, depletion and amortization

 

 

1,247

 

 

 

344

 

 

 

474

 

 

 

182

 

 

 

85

 

 

 

 

 

 

2,332

 

Equity in earnings of equity method investees

 

 

 

 

 

 

 

 

(1

)

 

 

35

 

 

 

6

 

 

 

 

 

 

40

 

Interest income

 

 

13

 

 

 

6

 

 

 

12

 

 

 

91

 

 

 

73

 

 

 

(88

)

 

 

107

 

Interest and related charges

 

 

527

 

 

 

76

 

 

 

219

 

 

 

75

 

 

 

568

 

 

 

(88

)

 

 

1,377

 

Income tax expense (benefit)

 

 

496

 

 

 

121

 

 

 

107

 

 

 

(16

)

 

 

(625

)

 

 

 

 

 

83

 

Net income (loss) from discontinued

   operations

 

 

 

 

 

 

 

 

 

 

 

167

 

 

 

(2,045

)

 

 

 

 

 

(1,878

)

Net income (loss) attributable to Dominion

   Energy

 

 

1,891

 

 

 

560

 

 

 

419

 

 

 

402

 

 

 

(3,673

)

 

 

 

 

 

(401

)

Investment in equity method investees(1)

 

 

 

 

 

55

 

 

 

 

 

 

2,784

 

 

 

95

 

 

 

 

 

 

2,934

 

Capital expenditures

 

 

3,406

 

 

 

1,151

 

 

 

700

 

 

 

649

 

 

 

425

 

 

 

 

 

 

6,331

 

Total assets (billions)

 

 

46.0

 

 

 

17.1

 

 

 

16.0

 

 

 

13.1

 

 

 

8.6

 

 

 

(4.9

)

 

 

95.9

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

8,170

 

 

$

2,367

 

 

$

2,948

 

 

$

1,083

 

 

$

(239

)

 

$

79

 

 

$

14,408

 

Intersegment revenue

 

 

(13

)

 

 

18

 

 

 

4

 

 

 

73

 

 

 

1,071

 

 

 

(1,160

)

 

 

(7

)

Total operating revenue

 

 

8,157

 

 

 

2,385

 

 

 

2,952

 

 

 

1,156

 

 

 

832

 

 

 

(1,081

)

 

 

14,401

 

Depreciation, depletion and amortization

 

 

1,216

 

 

 

335

 

 

 

452

 

 

 

180

 

 

 

100

 

 

 

 

 

 

2,283

 

Equity in earnings of equity method investees

 

 

 

 

 

2

 

 

 

(4

)

 

 

(1

)

 

 

11

 

 

 

 

 

 

8

 

Interest income

 

 

11

 

 

 

4

 

 

 

9

 

 

 

97

 

 

 

112

 

 

 

(136

)

 

 

97

 

Interest and related charges

 

 

530

 

 

 

116

 

 

 

242

 

 

 

98

 

 

 

636

 

 

 

(136

)

 

 

1,486

 

Income tax expense (benefit)

 

 

482

 

 

 

114

 

 

 

163

 

 

 

20

 

 

 

(570

)

 

 

 

 

 

209

 

Net income from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

183

 

 

 

533

 

 

 

 

 

 

716

 

Net income (loss) attributable to Dominion

   Energy

 

 

1,786

 

 

 

487

 

 

 

430

 

 

 

460

 

 

 

(1,805

)

 

 

 

 

 

1,358

 

Investment in equity method investees

 

 

 

 

 

37

 

 

 

 

 

 

74

 

 

 

1,223

 

 

 

 

 

 

1,334

 

Capital expenditures

 

 

3,002

 

 

 

853

 

 

 

562

 

 

 

367

 

 

 

537

 

 

 

 

 

 

5,321

 

Total assets (billions)

 

 

43.7

 

 

 

16.0

 

 

 

15.8

 

 

 

10.2

 

 

 

24.0

 

 

 

(5.9

)

 

 

103.8

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

8,401

 

 

$

1,769

 

 

$

 

 

$

813

 

 

$

27

 

 

$

177

 

 

$

11,187

 

Intersegment revenue

 

 

(552

)

 

 

16

 

 

 

 

 

 

621

 

 

 

602

 

 

 

(675

)

 

 

12

 

Total operating revenue

 

 

7,849

 

 

 

1,785

 

 

 

 

 

 

1,434

 

 

 

629

 

 

 

(498

)

 

 

11,199

 

Depreciation, depletion and amortization

 

 

1,158

 

 

 

263

 

 

 

 

 

 

213

 

 

 

26

 

 

 

 

 

 

1,660

 

Equity in earnings of equity method investees

 

 

 

 

 

 

 

 

 

 

 

18

 

 

 

58

 

 

 

 

 

 

76

 

Interest income

 

 

10

 

 

 

 

 

 

 

 

 

84

 

 

 

94

 

 

 

(108

)

 

 

80

 

Interest and related charges

 

 

516

 

 

 

79

 

 

 

 

 

 

124

 

 

 

668

 

 

 

(108

)

 

 

1,279

 

Income tax expense (benefit)

 

 

380

 

 

 

95

 

 

 

 

 

 

75

 

 

 

(28

)

 

 

 

 

 

522

 

Net income from discontinued operations

 

 

 

 

 

 

 

 

 

 

 

116

 

 

 

336

 

 

 

 

 

 

452

 

Net income attributable to Dominion Energy

 

 

1,596

 

 

 

373

 

 

 

 

 

 

361

 

 

 

117

 

 

 

 

 

 

2,447

 

Capital expenditures

 

 

2,640

 

 

 

647

 

 

 

 

 

 

247

 

 

 

871

 

 

 

 

 

 

4,405

 

(1)

Excludes liability to Atlantic Coast Pipeline.

Virginia Electric and Power Company  
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment

The following table presents segment information pertaining to Virginia Power’s operations:

 

Year Ended December 31,

 

Dominion Energy Virginia

 

 

Corporate and Other

 

 

Consolidated

Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

$

7,763

 

 

$

 

 

$

7,763

 

Depreciation and amortization

 

 

1,245

 

 

 

7

 

 

 

1,252

 

Interest income

 

 

11

 

 

 

 

 

 

11

 

Interest expense (benefit) and related charges

 

 

524

 

 

 

(8

)

 

 

516

 

Income tax expense (benefit)

 

 

500

 

 

 

(271

)

 

 

229

 

Net income (loss)

 

 

1,884

 

 

 

(863

)

 

 

1,021

 

Capital expenditures

 

 

3,372

 

 

 

 

 

 

3,372

 

Total assets (billions)

 

 

43.7

 

 

 

 

 

 

43.7

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

$

8,137

 

 

$

(29

)

 

$

8,108

 

Depreciation and amortization

 

 

1,215

 

 

 

8

 

 

 

1,223

 

Interest income

 

 

11

 

 

 

 

 

 

11

 

Interest expense (benefit) and related charges

 

 

529

 

 

 

(5

)

 

 

524

 

Income tax expense (benefit)

 

 

481

 

 

 

(217

)

 

 

264

 

Net income (loss)

 

 

1,783

 

 

 

(634

)

 

 

1,149

 

Capital expenditures

 

 

2,981

 

 

 

 

 

 

2,981

 

Total assets (billions)

 

 

41.4

 

 

 

 

 

 

41.4

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

Operating revenue

 

$

7,835

 

 

$

(216

)

 

$

7,619

 

Depreciation and amortization

 

 

1,157

 

 

 

(25

)

 

 

1,132

 

Interest income

 

 

10

 

 

 

 

 

 

10

 

Interest expense (benefit) and related charges

 

 

516

 

 

 

(5

)

 

 

511

 

Income tax expense (benefit)

 

 

378

 

 

 

(78

)

 

 

300

 

Net income (loss)

 

 

1,594

 

 

 

(312

)

 

 

1,282

 

Capital expenditures

 

 

2,542

 

 

 

 

 

 

2,542