Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
||||||||
Operating Revenue | $ 3,486 | $ 3,166 | $ 7,118 | $ 7,049 | |||||||
Operating Expenses | |||||||||||
Electric fuel and other energy-related purchases | 918 | 939 | 1,877 | 1,961 | |||||||
Purchased electric capacity | 21 | 15 | 33 | 23 | |||||||
Purchased gas | 44 | 49 | 164 | 172 | |||||||
Other operations and maintenance | 841 | 782 | 1,697 | 1,524 | |||||||
Depreciation and amortization | 621 | 607 | 1,242 | 1,229 | |||||||
Other taxes | 170 | 164 | 372 | 355 | |||||||
Impairment of assets and other charges | 67 | 37 | 97 | 135 | |||||||
Losses (gains) on sales of assets | (1) | (21) | (2) | (23) | |||||||
Total operating expenses | 2,681 | 2,572 | 5,480 | 5,376 | |||||||
Income from operations | 805 | 594 | 1,638 | 1,673 | |||||||
Other income (expense) | 250 | 314 | 685 | 590 | |||||||
Interest and related charges | 469 | 395 | 1,043 | 874 | |||||||
Total Other Income Expenses | -219.0 | -81.0 | -358.0 | -284.0 | 0.0 | ||||||
Total Other Income Expenses | -719.0 | -709.0 | -1728.0 | -1464.0 | 0.0 | ||||||
Total Other Income Expenses | 719.0 | 709.0 | 1728.0 | 1464.0 | 0.0 | ||||||
Total Other Income Expenses | 719.0 | 709.0 | 1728.0 | 1464.0 | 0.0 | ||||||
Income from continuing operations including noncontrolling interests before income tax expense | 586 | 513 | 1,280 | 1,389 | |||||||
Income tax expense | 95 | 98 | 229 | 274 | |||||||
Net Income From Continuing Operations | 491 | 415 | 1,051 | 1,115 | |||||||
Net Income From Discontinued Operations | [1] | 81 | 168 | 195 | 449 | ||||||
Net Income Including Noncontrolling Interests | 572 | 583 | 1,246 | 1,564 | |||||||
Net Income | 572 | 583 | 1,246 | 1,564 | |||||||
Amounts attributable to Dominion Energy | |||||||||||
Net income from continuing operations | 491 | 415 | 1,051 | 1,115 | |||||||
Net income from discontinued operations | $ 81 | $ 168 | $ 195 | $ 449 | |||||||
EPS - Basic | |||||||||||
Net income from continuing operations | $ 0.55 | $ 0.47 | $ 1.2 | $ 1.28 | |||||||
Net income from discontinued operations | 0.1 | 0.2 | 0.23 | 0.54 | |||||||
Net income attributable to Dominion Energy | 0.65 | 0.67 | 1.43 | 1.82 | |||||||
EPS - Diluted | |||||||||||
Net income from continuing operations | 0.55 | 0.47 | 1.2 | 1.28 | |||||||
Net income from discontinued operations | 0.1 | 0.2 | 0.23 | 0.54 | |||||||
Net income attributable to Dominion Energy | $ 0.65 | $ 0.67 | $ 1.43 | $ 1.82 | |||||||
Virginia Electric and Power Company | |||||||||||
Operating Revenue | [2] | $ 2,537 | $ 2,252 | $ 5,026 | $ 4,636 | ||||||
Operating Expenses | |||||||||||
Electric fuel and other energy-related purchases | [2] | 707 | 707 | 1,408 | 1,506 | ||||||
Purchased electric capacity | 16 | 10 | 29 | 18 | |||||||
[Affiliated suppliers] | 113 | 99 | 215 | 192 | |||||||
Other operations and maintenance | 407 | 345 | 836 | 693 | |||||||
Depreciation and amortization | 445 | 432 | 893 | 879 | |||||||
Other taxes | 72 | 67 | 165 | 152 | |||||||
Impairment of assets and other charges (benefits) | 15 | 38 | (2) | 45 | |||||||
Total operating expenses | 1,775 | 1,698 | 3,544 | 3,485 | |||||||
Income from operations | 762 | 554 | 1,482 | 1,151 | |||||||
Other income (expense) | 38 | 48 | 101 | 84 | |||||||
Interest and related charges | [2] | 204 | 182 | 394 | 363 | ||||||
Income before income tax expense | 596 | 420 | 1,189 | 872 | |||||||
Income tax expense | 117 | 86 | 245 | 183 | |||||||
Net Income Including Noncontrolling Interests | 944 | 689 | |||||||||
Net Income | $ 479 | $ 334 | $ 944 | $ 689 | |||||||
|
X | ||||||||||
- Definition The amount of operating expenses, attributable to affiliated suppliers, for the period that are associated with the company's normal revenue producing operations. No definition available.
|
X | ||||||||||
- Definition Electric fuel and other energy related purchases. No definition available.
|
X | ||||||||||
- Definition Impairment of assets and other charges (benefits). No definition available.
|
X | ||||||||||
- Definition Costs incurred in purchasing (excess) electric capacity. No definition available.
|
X | ||||||||||
- Definition Costs incurred for purchased (excess) gas. No definition available.
|
X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
X | ||||||||||
- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
X | ||||||||||
- Definition Amount of operating expense for routine plant maintenance, repairs and operations of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
X | ||||||||||
- Details
|