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Revenue Recognition
3 Months Ended
Mar. 31, 2021
Revenue From Contract With Customer [Abstract]  
Revenue Recognition

3. REVENUE RECOGNITION

DESC has disaggregated operating revenues by customer class as follows:

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31, 2021

 

 

March 31, 2020

 

(millions)

 

Electric

 

 

Gas

 

 

Electric

 

 

Gas

 

Customer class:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

275

 

 

$

98

 

 

$

252

 

 

$

79

 

Commercial

 

 

175

 

 

 

39

 

 

 

175

 

 

 

33

 

Industrial

 

 

88

 

 

 

22

 

 

 

80

 

 

 

17

 

Other

 

 

33

 

 

 

5

 

 

 

30

 

 

 

4

 

Revenues from contracts with

   customers

 

 

571

 

 

 

164

 

 

 

537

 

 

 

133

 

Other revenues

 

 

8

 

 

 

1

 

 

 

2

 

 

 

 

Total Operating Revenues

 

$

579

 

 

$

165

 

 

$

539

 

 

$

133

 

 

Contract liabilities represent the obligation to transfer goods or services to a customer for which consideration has already been received from the customer. DESC had contract liability balances of $5 million at both March 31, 2021 and December 31, 2020. During the three months ended March 31, 2021 and 2020, DESC recognized revenue of $3 million and $5 million, respectively, from the beginning contract liability balances as DESC fulfilled its obligations to provide service to its customers. Contract liabilities are recorded in customer deposits and customer prepayments in the Consolidated Balance Sheets.