Operating Segments

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Operating Segments

14.  OPERATING SEGMENTS

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

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.

In 2019, DESC reported after-tax net expenses of $1.6 billion 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 2019 primarily related to the impact of the following items:

• A $1.0 billion ($756 million after-tax) charge for refunds of amounts previously collected from retail electric customers for the NND Project;

• $590 million ($444 million after-tax) of charges associated with litigation;

• A $194 million tax charge for $258 million of income tax-related regulatory assets for which DESC committed to forgo recovery;

• A $114 million ($86 million after-tax) charge for utility plant primarily for which DESC committed to forgo recovery;

• $100 million ($76 million after-tax) of merger-related costs associated with the SCANA Combination, including a $79 million ($59 million after-tax) charge related to a voluntary retirement program; and 

• $66 million tax charges for changes in unrecognized tax benefits.

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)
2021
External revenue	$	3,146	$	—		$	3,146
Depreciation and amortization		486		—			486
Interest and related charges		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 and related charges		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
Total assets (billions)		14.5		—			14.5
2019
External revenue	$	2,937	$	(1,008	)	$	1,929
Depreciation and amortization		452		(2	)		450
Interest and related charges		247		13			260
Income tax expense (benefit)		163		(175	)		(12	)
Comprehensive income (loss) available (attributable) to    common shareholder		408		(1,647	)		(1,239	)
Capital expenditures		497		—			497