Operating Revenue (Tables)

6 Months Ended

Jun. 30, 2021

Regulated And Unregulated Operating Revenue [Abstract]

The Companies’ operating revenue consists of the following:

	Three Months Ended June 30,					Six Months Ended June 30,
	2021			2020		2021			2020
(millions)
Dominion Energy
Regulated electric sales:
Residential	$	1,017		$	1,091	$	2,172		$	2,249
Commercial		761			728		1,480			1,526
Industrial		175			176		353			358
Government and other retail		223			193		412			412
Wholesale		36			29		79			62
Nonregulated electric sales		217			177		466			409
Regulated gas sales:
Residential		188			182		818			730
Commercial		79			63		285			254
Other		23			17		57			45
Nonregulated gas sales		15			29		67			112
Regulated gas transportation and storage		219			182		490			414
Other regulated revenues		74			96		140			151
Other nonregulated revenues⁽¹⁾		57			39		105			70
Total operating revenue from contracts with customers		3,084			3,002		6,924			6,792
Other revenues⁽²⁾⁽³⁾		(46	)		104		(16	)		252
Total operating revenue	$	3,038		$	3,106	$	6,908		$	7,044
Virginia Power
Regulated electric sales:
Residential	$	748		$	818	$	1,637		$	1,714
Commercial		564			546		1,111			1,160
Industrial		83			89		174			186
Government and other retail		208			177		384			380
Wholesale		22			21		48			45
Other regulated revenues		71			94		128			156
Other nonregulated revenues⁽¹⁾⁽⁴⁾		27			20		48			33
Total operating revenue from contracts with customers		1,723			1,765		3,530			3,674
Other revenues⁽²⁾⁽⁴⁾		18			40		41			61
Total operating revenue	$	1,741		$	1,805	$	3,571		$	3,735

(1)

Includes sales which are considered to be goods transferred at a point in time of $8 million and $4 million for the three months ended June 30, 2021 and 2020, respectively, and $15 million and $11 million for the six months ended June 30, 2021 and 2020, respectively, at Dominion Energy, primarily consisting of sales of commodities related to nonregulated extraction activities and other miscellaneous products. Additionally, sales of renewable energy credits were $7 million for both the three months ended June 30, 2021 and 2020, and $13 million and $11 million for the six months ended June 30, 2021 and 2020, respectively, at Dominion Energy and $5 million for both the three months ended June 30, 2021 and 2020, and $9 million and $8 million for the six months ended June 30, 2021 and 2020, respectively, at Virginia Power.

(2)

Includes alternative revenue of $25 million and $39 million at Dominion Energy and $18 million and $34 million at Virginia Power for the three months ended June 30, 2021 and 2020, respectively, and $47 million and $75 million at Dominion Energy and $38 million and $51 million at Virginia Power for the six months ended June 30, 2021 and 2020, respectively.

(3)	Includes revenue associated with services provided to discontinued operations of $1 million and $1 million for the three months ended June 30, 2021 and 2020, respectively, and $2 million and $3 million for the six months ended June 30, 2021 and 2020, respectively.

(4) See Note 19 for amounts attributable to affiliates.

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, 2021

2021

2022

2023

2024

2025

Thereafter

Total

(millions)

Dominion Energy

493

771