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Operating Segments
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Operating Segments

14. OPERATING SEGMENTS

The Corporate and Other Segment primarily includes specific items attributable to DESC's operating segment that are not included in profit measures evaluated by executive management in assessing the segment’s performance or in allocating resources.

 

In 2022, DESC reported after-tax expenses of $3 million for specific items in the Corporate and Other segment, all of which was attributable to its operating segment.

 

In 2021, DESC reported after-tax net expenses of $212 million for specific items in the Corporate and Other segment, of which $208 million was attributable to its operating segment.

 

The net expense for specific items attributable to DESC’s operating segment in 2021 primarily related to $266 million ($199 million after-tax) of charges associated with the settlement of the South Carolina electric base rate case and a $70 million ($53 million after-tax) charge associated with litigation.

 

In 2020, DESC reported after-tax net expenses of $104 million for specific items in the Corporate and Other segment, all of which were attributable to its operating segment.

 

The net expense for specific items attributable to DESC’s operating segment in 2020 primarily related to $99 million ($74 million after-tax) of charges associated with litigation.

 

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

 

Year Ended December 31,

 

Dominion Energy
South Carolina

 

 

Corporate
and Other

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

2022

 

 

 

 

 

 

 

 

 

External revenue

 

$

3,783

 

 

$

 

 

$

3,783

 

Depreciation and amortization

 

 

507

 

 

 

 

 

 

507

 

Interest charges, net of AFUDC

 

 

220

 

 

 

 

 

 

220

 

Income tax expense (benefit)

 

 

132

 

 

 

(1

)

 

 

131

 

Comprehensive income (loss) available (attributable) to
   common shareholder

 

 

485

 

 

 

(3

)

 

 

482

 

Capital expenditures

 

 

697

 

 

 

 

 

 

697

 

Total assets (billions)

 

 

15.7

 

 

 

 

 

 

15.7

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

 

 

 

 

 

 

 

External revenue

 

$

3,146

 

 

$

 

 

$

3,146

 

Depreciation and amortization

 

 

486

 

 

 

 

 

 

486

 

Interest charges (benefit), net of AFUDC

 

 

215

 

 

 

(23

)

 

 

192

 

Income tax expense (benefit)

 

 

125

 

 

 

(116

)

 

 

9

 

Comprehensive income (loss) available (attributable) to
   common shareholder

 

 

421

 

 

 

(212

)

 

 

209

 

Capital expenditures

 

 

758

 

 

 

 

 

 

758

 

Total assets (billions)

 

 

14.9

 

 

 

 

 

 

14.9

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

 

 

 

 

 

 

 

External revenue

 

$

2,739

 

 

$

 

 

$

2,739

 

Depreciation and amortization

 

 

474

 

 

 

 

 

 

474

 

Interest charges, net of AFUDC

 

 

223

 

 

 

6

 

 

 

229

 

Income tax expense (benefit)

 

 

107

 

 

 

(36

)

 

 

71

 

Comprehensive income (loss) available (attributable) to
   common shareholder

 

 

410

 

 

 

(113

)

 

 

297

 

Capital expenditures

 

 

742

 

 

 

 

 

 

742