v3.26.1
Operating Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Operating Segments

Note 20. Operating Segments

The Companies are organized primarily on the basis of products and services sold in the U.S. A description of the operations included in the Companies’ primary operating segments is as follows:

 

Primary Operating Segment

 

Description of Operations

 

Dominion
Energy

 

Virginia
Power

Dominion Energy
   Virginia

 

Regulated electric distribution

 

X

 

X

 

 

Regulated electric transmission

 

X

 

X

 

 

Regulated electric generation
   fleet(1)

 

X

 

X

Dominion Energy
   South Carolina

 

Regulated electric distribution

 

X

 

 

 

 

Regulated electric transmission

 

X

 

 

 

 

Regulated electric generation
   fleet

 

X

 

 

 

 

Regulated gas distribution
   and storage

 

X

 

 

Contracted Energy(2)

 

Nonregulated electric
   generation fleet

 

X

 

 

 

(1)
Includes Virginia Power’s non-jurisdictional solar generation operations.
(2)
Includes renewable natural gas and offshore wind installation vessel operations.

In addition to the operating segments above, the Companies also report a Corporate and Other segment.

Dominion Energy

The Corporate and Other Segment of Dominion Energy includes its corporate, service company and other functions (including unallocated debt) as well as its noncontrolling interest in Dominion Privatization. In addition, Corporate and Other includes specific items attributable to Dominion Energy’s operating segments that are not included in profit measures evaluated by executive management in assessing the segments’ performance or in allocating resources, including the net impact of the operations reflected as discontinued operations, which includes a noncontrolling interest in Atlantic Coast Pipeline, as discussed in Note 9 of this report as well as Note 9 to the Consolidated Financial Statements in Dominion Energy’s Annual Report on Form 10-K for the year ended December 31, 2025.

Dominion Energy’s CODM is the CEO. The Dominion Energy CODM uses net income (loss) as the primary profit or loss measure at each segment. The Dominion Energy CODM considers budget-to-actual variances on a quarterly basis when making decisions about allocating operating and capital resources to each segment, when assessing the performance of each segment and when determining the compensation of certain employees.

In the six months ended June 30, 2026, Dominion Energy reported after-tax net expenses of $760 million in the Corporate and Other segment, including $598 million of after-tax net expenses for specific items with $607 million of after-tax net expenses attributable to its operating segments. In the six months ended June 30, 2025, Dominion Energy reported after-tax net expenses of $102 million in the Corporate and Other segment, including $27 million of after-tax net expenses for specific items with $7 million of after-tax net expenses attributable to its operating segments.

The net expenses for specific items attributable to Dominion Energy’s operating segments in 2026 primarily related to the impact of the following items:

•
A $820 million ($640 million after-tax) charge for the impairment of nonregulated renewable natural gas facilities, attributable to Contracted Energy;
•
$141 million ($106 million after-tax) of net unrealized losses related to economic hedging activities, attributable to Contracted Energy;
•
A $116 million ($86 million after-tax) loss associated with severe weather events, attributable to Dominion Energy Virginia;
•
A $78 million ($60 million after-tax) charge associated with certain nonregulated solar generation facilities, attributable to Contracted Energy;
•
$65 million ($48 million after-tax) net charges for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project, attributable to Dominion Energy Virginia; and
•
A $24 million ($18 million after-tax) charge for the disallowance of certain strategic undergrounding costs, attributable to Dominion Energy Virginia; partially offset by
•
$341 million ($221 million after-tax) of gains related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($190 million after-tax); and
•
Dominion Energy Virginia ($31 million after-tax); and
•
A $195 million ($142 million after-tax) benefit related to the revision of AROs for Millstone Unit 1, attributable to Contracted Energy.

The net expenses for specific items attributable to Dominion Energy’s operating segments in 2025 primarily related to the impact of the following items:

•
A $106 million ($79 million after-tax) loss associated with severe weather events, attributable to Dominion Energy Virginia; and
•
A $48 million ($36 million after-tax) charge for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project, attributable to Dominion Energy Virginia; partially offset by
•
A $156 million ($87 million after-tax) gain related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($74 million after-tax); and
•
Dominion Energy Virginia ($13 million after-tax); and
•
A $26 million ($19 million after-tax) net unrealized gain related to economic hedging activities, attributable to Contracted Energy.

 

The following tables present segment information pertaining to Dominion Energy’s operations:

Three Months Ended June 30,

Dominion Energy Virginia

 

 

Dominion Energy South Carolina

 

 

Contracted Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions, unless otherwise noted)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

$

3,410

 

 

$

876

 

 

$

256

 

 

$

(62

)

 

$

—

 

 

$

4,480

 

Intersegment revenue

 

11

 

 

 

2

 

 

 

43

 

 

 

337

 

 

 

(393

)

 

 

—

 

Total Operating Revenue

 

3,421

 

 

 

878

 

 

 

299

 

 

 

275

 

 

 

(393

)

 

 

4,480

 

Electric fuel and other energy-related purchases(1)

 

1,077

 

 

 

220

 

 

 

28

 

 

 

(6

)

 

 

(4

)

 

 

1,315

 

Purchased electric capacity(1)

 

78

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

80

 

Purchased gas(1)

 

—

 

 

 

49

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

53

 

Other operations and maintenance(1)(2)

 

609

 

 

 

169

 

 

 

201

 

 

 

1,258

 

 

 

(359

)

 

 

1,878

 

Depreciation and amortization(1)

 

417

 

 

 

153

 

 

 

40

 

 

 

17

 

 

 

(12

)

 

 

615

 

Other taxes(1)

 

99

 

 

 

83

 

 

 

16

 

 

 

15

 

 

 

(3

)

 

 

210

 

Total Operating Expenses

 

2,280

 

 

 

677

 

 

 

289

 

 

 

1,284

 

 

 

(379

)

 

 

4,151

 

Interest and related charges(1)

 

260

 

 

 

73

 

 

 

27

 

 

 

248

 

 

 

(53

)

 

 

555

 

Income tax expense (benefit)(1)

 

151

 

 

 

26

 

 

 

(21

)

 

 

(34

)

 

 

—

 

 

 

122

 

Equity in earnings (losses) of equity method investees(3)

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Other income (expense)(3)

 

48

 

 

 

—

 

 

 

(4

)

 

 

588

 

 

 

11

 

 

 

643

 

Interest income(3)

 

4

 

 

 

3

 

 

 

31

 

 

 

47

 

 

 

(50

)

 

 

35

 

Net Income (Loss) From Discontinued Operations
   Including Noncontrolling Interests

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(1

)

Noncontrolling Interests(3)

 

112

 

 

 

—

 

 

 

—

 

 

 

(123

)

 

 

—

 

 

 

(11

)

Net Income (Loss) Attributable to
   Dominion Energy

 

670

 

 

 

105

 

 

 

31

 

 

 

(466

)

 

 

—

 

 

 

340

 

Investment in equity method investees(4)

 

—

 

 

 

—

 

 

 

92

 

 

 

35

 

 

 

—

 

 

 

127

 

Total assets (billions)

 

86.0

 

 

 

20.3

 

 

 

11.4

 

 

 

11.2

 

 

 

(7.0

)

 

 

121.9

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

$

2,710

 

 

$

833

 

 

$

240

 

 

$

27

 

 

$

—

 

 

$

3,810

 

Intersegment revenue

 

2

 

 

 

3

 

 

 

5

 

 

 

292

 

 

 

(302

)

 

 

—

 

Total Operating Revenue

 

2,712

 

 

 

836

 

 

 

245

 

 

 

319

 

 

 

(302

)

 

 

3,810

 

Electric fuel and other energy-related purchases(1)

 

729

 

 

 

199

 

 

 

21

 

 

 

—

 

 

 

(3

)

 

 

946

 

Purchased electric capacity(1)

 

17

 

 

 

2

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

18

 

Purchased gas(1)

 

—

 

 

 

43

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

43

 

Other operations and maintenance(1)(2)

 

531

 

 

 

170

 

 

 

164

 

 

 

363

 

 

 

(295

)

 

 

933

 

Depreciation and amortization(1)

 

396

 

 

 

141

 

 

 

22

 

 

 

21

 

 

 

—

 

 

 

580

 

Other taxes(1)

 

92

 

 

 

75

 

 

 

15

 

 

 

15

 

 

 

(3

)

 

 

194

 

Total Operating Expenses

 

1,765

 

 

 

630

 

 

 

222

 

 

 

399

 

 

 

(302

)

 

 

2,714

 

Interest and related charges(1)

 

252

 

 

 

70

 

 

 

8

 

 

 

238

 

 

 

(63

)

 

 

505

 

Income tax expense (benefit)(1)

 

110

 

 

 

29

 

 

 

1

 

 

 

80

 

 

 

—

 

 

 

220

 

Equity in earnings (losses) of equity method investees(3)

 

—

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

(1

)

Other income (expense)(3)

 

39

 

 

 

—

 

 

 

(1

)

 

 

371

 

 

 

—

 

 

 

409

 

Interest income(3)

 

5

 

 

 

2

 

 

 

35

 

 

 

55

 

 

 

(63

)

 

 

34

 

Net Income (Loss) From Discontinued Operations
   Including Noncontrolling Interests

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Noncontrolling Interests(3)

 

80

 

 

 

—

 

 

 

—

 

 

 

(26

)

 

 

—

 

 

 

54

 

Net Income Attributable to
   Dominion Energy

 

549

 

 

 

109

 

 

 

47

 

 

 

55

 

 

 

—

 

 

 

760

 
(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
(2)
Includes impairment of assets and other charges (benefits).
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.

 

Six Months Ended June 30,

Dominion Energy Virginia

 

 

Dominion Energy South Carolina

 

 

Contracted Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions, unless otherwise noted)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

$

7,178

 

 

$

1,865

 

 

$

601

 

 

$

(145

)

 

$

—

 

 

$

9,499

 

Intersegment revenue

 

8

 

 

 

5

 

 

 

84

 

 

 

702

 

 

 

(799

)

 

 

—

 

Total Operating Revenue

 

7,186

 

 

 

1,870

 

 

 

685

 

 

 

557

 

 

 

(799

)

 

 

9,499

 

Electric fuel and other energy-related purchases(1)

 

2,436

 

 

 

423

 

 

 

62

 

 

 

7

 

 

 

(7

)

 

 

2,921

 

Purchased electric capacity(1)

 

143

 

 

 

7

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

149

 

Purchased gas(1)

 

—

 

 

 

188

 

 

 

8

 

 

 

—

 

 

 

—

 

 

 

196

 

Other operations and maintenance(1)(2)

 

1,257

 

 

 

347

 

 

 

362

 

 

 

1,598

 

 

 

(736

)

 

 

2,828

 

Depreciation and amortization(1)

 

838

 

 

 

302

 

 

 

88

 

 

 

42

 

 

 

(24

)

 

 

1,246

 

Other taxes(1)

 

205

 

 

 

168

 

 

 

33

 

 

 

39

 

 

 

(7

)

 

 

438

 

Total Operating Expenses

 

4,879

 

 

 

1,435

 

 

 

553

 

 

 

1,686

 

 

 

(775

)

 

 

7,778

 

Interest and related charges(1)

 

520

 

 

 

145

 

 

 

52

 

 

 

504

 

 

 

(105

)

 

 

1,116

 

Income tax expense (benefit)(1)

 

330

 

 

 

64

 

 

 

(14

)

 

 

(210

)

 

 

—

 

 

 

170

 

Equity in earnings (losses) of equity method investees(3)

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Other income (expense)(3)

 

90

 

 

 

(1

)

 

 

(6

)

 

 

510

 

 

 

18

 

 

 

611

 

Interest income(3)

 

10

 

 

 

6

 

 

 

62

 

 

 

91

 

 

 

(99

)

 

 

70

 

Net Income (Loss) From Discontinued Operations
   Including Noncontrolling Interests

 

—

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

(2

)

Noncontrolling Interests(3)

 

217

 

 

 

—

 

 

 

—

 

 

 

(64

)

 

 

—

 

 

 

153

 

Net Income (Loss) Attributable to
   Dominion Energy

 

1,340

 

 

 

231

 

 

 

150

 

 

 

(760

)

 

 

—

 

 

 

961

 

Investment in equity method investees(4)

 

—

 

 

 

—

 

 

 

92

 

 

 

35

 

 

 

—

 

 

 

127

 

Capital expenditures

 

4,837

 

 

 

645

 

 

 

309

 

 

 

55

 

 

 

(39

)

 

 

5,807

 

Total assets (billions)

 

86.0

 

 

 

20.3

 

 

 

11.4

 

 

 

11.2

 

 

 

(7.0

)

 

 

121.9

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

$

5,505

 

 

$

1,782

 

 

$

544

 

 

$

55

 

 

$

—

 

 

$

7,886

 

Intersegment revenue

 

1

 

 

 

5

 

 

 

8

 

 

 

602

 

 

 

(616

)

 

 

—

 

Total Operating Revenue

 

5,506

 

 

 

1,787

 

 

 

552

 

 

 

657

 

 

 

(616

)

 

 

7,886

 

Electric fuel and other energy-related purchases(1)

 

1,498

 

 

 

366

 

 

 

50

 

 

 

—

 

 

 

(6

)

 

 

1,908

 

Purchased electric capacity(1)

 

24

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

27

 

Purchased gas(1)

 

—

 

 

 

190

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

190

 

Other operations and maintenance(1)(2)

 

1,090

 

 

 

348

 

 

 

275

 

 

 

767

 

 

 

(603

)

 

 

1,877

 

Depreciation and amortization(1)

 

793

 

 

 

282

 

 

 

44

 

 

 

43

 

 

 

—

 

 

 

1,162

 

Other taxes(1)

 

189

 

 

 

154

 

 

 

30

 

 

 

36

 

 

 

(6

)

 

 

403

 

Total Operating Expenses

 

3,594

 

 

 

1,344

 

 

 

399

 

 

 

846

 

 

 

(616

)

 

 

5,567

 

Interest and related charges(1)

 

497

 

 

 

141

 

 

 

16

 

 

 

444

 

 

 

(112

)

 

 

986

 

Income tax expense (benefit)(1)

 

243

 

 

 

47

 

 

 

40

 

 

 

(70

)

 

 

—

 

 

 

260

 

Equity in earnings (losses) of equity method investees(3)

 

—

 

 

 

—

 

 

 

(1

)

 

 

(7

)

 

 

—

 

 

 

(8

)

Other income (expense)(3)

 

74

 

 

 

—

 

 

 

(8

)

 

 

320

 

 

 

—

 

 

 

386

 

Interest income(3)

 

12

 

 

 

6

 

 

 

68

 

 

 

100

 

 

 

(112

)

 

 

74

 

Net Income (Loss) From Discontinued Operations
   Including Noncontrolling Interests

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Noncontrolling Interests(3)

 

148

 

 

 

—

 

 

 

—

 

 

 

(48

)

 

 

—

 

 

 

100

 

Net Income (Loss) Attributable to
   Dominion Energy

 

1,110

 

 

 

261

 

 

 

156

 

 

 

(102

)

 

 

—

 

 

 

1,425

 

Capital expenditures

 

5,233

 

 

 

561

 

 

 

396

 

 

 

36

 

 

 

—

 

 

 

6,226

 
(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
(2)
Includes impairment of assets and other charges (benefits).
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.

Intersegment sales and transfers for Dominion Energy are based on contractual arrangements and may result in intersegment profit or loss that is eliminated in consolidation, including amounts related to entities presented within discontinued operations.

Virginia Power

The Corporate and Other Segment of Virginia Power 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.

Virginia Power’s CODM is the CEO. The Virginia Power CODM uses net income (loss) as the primary profit or loss measure at each segment. The Virginia Power CODM considers budget-to-actual variances on a quarterly basis when making decisions about allocating operating and capital resources to each segment, when assessing the performance of each segment and when determining the compensation of certain employees.

In the six months ended June 30, 2026, Virginia Power reported after-tax net expenses of $120 million in the Corporate and Other segment, including $129 million of after-tax net expenses for specific items all of which was attributable to its operating segment. In the six months ended June 30, 2025, Virginia Power reported after-tax net expenses of $90 million in the Corporate and Other segment, including $100 million of after-tax net expenses for specific items all of which was attributable to its operating segment.

The net expenses for specific items attributable to Virginia Power’s operating segment in 2026 primarily related to the impact of the following items:

•
A $116 million ($86 million after-tax) loss associated with severe weather events;
•
$65 million ($48 million after-tax) net charges for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project; and
•
A $24 million ($18 million after-tax) charge for the disallowance of certain strategic undergrounding costs; partially offset by
•
$53 million ($31 million after-tax) of gains related to investments in nuclear decommissioning trust funds.

The net expenses for specific items attributable to Virginia Power’s operating segment in 2025 primarily related to the impact of the following items:

•
A $106 million ($79 million after-tax) loss associated with severe weather events; and
•
A $48 million ($36 million after-tax) charge for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project; partially offset by
•
A $23 million ($13 million after-tax) gain related to investments in nuclear decommissioning trust funds.

The following tables present segment information pertaining to Virginia Power’s operations:

Three Months Ended June 30,

 

Dominion Energy Virginia

 

 

Corporate and Other

 

 

Consolidated
Total

 

(millions, unless otherwise noted)

 

 

 

 

 

 

 

 

 

2026

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

3,422

 

 

$

(1

)

 

$

3,421

 

Electric fuel and other energy-related purchases(1)

 

 

1,077

 

 

 

(6

)

 

 

1,071

 

Purchased electric capacity(1)

 

 

78

 

 

 

—

 

 

 

78

 

Other operations and maintenance(1)(2)

 

 

609

 

 

 

275

 

 

 

884

 

Depreciation and amortization(1)

 

 

417

 

 

 

(2

)

 

 

415

 

Other taxes(1)

 

 

99

 

 

 

(1

)

 

 

98

 

Total Operating Expenses

 

 

2,280

 

 

 

266

 

 

 

2,546

 

Interest and related charges(1)

 

 

261

 

 

 

1

 

 

 

262

 

Income tax expense (benefit)(1)

 

 

151

 

 

 

3

 

 

 

154

 

Other income (expense)(3)

 

 

48

 

 

 

76

 

 

 

124

 

Interest income(3)

 

 

4

 

 

 

(1

)

 

 

3

 

Noncontrolling Interests(3)

 

 

112

 

 

 

(123

)

 

 

(11

)

Net Income (Loss) Attributable to Virginia Power

 

 

670

 

 

 

(73

)

 

 

597

 

Total assets (billions)

 

 

84.6

 

 

 

—

 

 

 

84.6

 

2025

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

2,712

 

 

$

—

 

 

$

2,712

 

Electric fuel and other energy-related purchases(1)

 

 

729

 

 

 

—

 

 

 

729

 

Purchased electric capacity(1)

 

 

17

 

 

 

—

 

 

 

17

 

Other operations and maintenance(1)(2)

 

 

531

 

 

 

72

 

 

 

603

 

Depreciation and amortization(1)

 

 

396

 

 

 

—

 

 

 

396

 

Other taxes(1)

 

 

92

 

 

 

—

 

 

 

92

 

Total Operating Expenses

 

 

1,765

 

 

 

72

 

 

 

1,837

 

Interest and related charges(1)

 

 

252

 

 

 

(1

)

 

 

251

 

Income tax expense (benefit)(1)

 

 

110

 

 

 

5

 

 

 

115

 

Other income (expense)(3)

 

 

39

 

 

 

36

 

 

 

75

 

Interest income(3)

 

 

5

 

 

 

—

 

 

 

5

 

Noncontrolling Interests(3)

 

 

80

 

 

 

(26

)

 

 

54

 

Net Income (Loss) Attributable to Virginia Power

 

 

549

 

 

 

(14

)

 

 

535

 
(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
(2)
Includes impairment of assets and other charges (benefits).
(3)
Items designated are other segment items for each reportable segment.

 

Six Months Ended June 30,

 

Dominion Energy Virginia

 

 

Corporate and Other

 

 

Consolidated
Total

 

(millions, unless otherwise noted)

 

 

 

 

 

 

 

 

 

2026

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

7,187

 

 

$

(70

)

 

$

7,117

 

Electric fuel and other energy-related purchases(1)

 

 

2,436

 

 

 

7

 

 

 

2,443

 

Purchased electric capacity(1)

 

 

143

 

 

 

—

 

 

 

143

 

Other operations and maintenance(1)(2)

 

 

1,257

 

 

 

192

 

 

 

1,449

 

Depreciation and amortization(1)

 

 

838

 

 

 

—

 

 

 

838

 

Other taxes(1)

 

 

205

 

 

 

—

 

 

 

205

 

Total Operating Expenses

 

 

4,879

 

 

 

199

 

 

 

5,078

 

Interest and related charges(1)

 

 

521

 

 

 

—

 

 

 

521

 

Income tax expense (benefit)(1)

 

 

330

 

 

 

(31

)

 

 

299

 

Other income (expense)(3)

 

 

90

 

 

 

54

 

 

 

144

 

Interest income(3)

 

 

10

 

 

 

—

 

 

 

10

 

Noncontrolling Interests(3)

 

 

217

 

 

 

(64

)

 

 

153

 

Net Income (Loss) Attributable to Virginia Power

 

 

1,340

 

 

 

(120

)

 

 

1,220

 

Capital expenditures

 

 

4,839

 

 

 

—

 

 

 

4,839

 

Total assets (billions)

 

 

84.6

 

 

 

—

 

 

 

84.6

 

2025

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

5,506

 

 

$

(29

)

 

$

5,477

 

Electric fuel and other energy-related purchases(1)

 

 

1,498

 

 

 

—

 

 

 

1,498

 

Purchased electric capacity(1)

 

 

24

 

 

 

—

 

 

 

24

 

Other operations and maintenance(1)(2)

 

 

1,090

 

 

 

169

 

 

 

1,259

 

Depreciation and amortization(1)

 

 

793

 

 

 

1

 

 

 

794

 

Other taxes(1)

 

 

189

 

 

 

—

 

 

 

189

 

Total Operating Expenses

 

 

3,594

 

 

 

170

 

 

 

3,764

 

Interest and related charges(1)

 

 

497

 

 

 

(3

)

 

 

494

 

Income tax expense (benefit)(1)

 

 

243

 

 

 

(38

)

 

 

205

 

Other income (expense)(3)

 

 

74

 

 

 

20

 

 

 

94

 

Interest income(3)

 

 

12

 

 

 

—

 

 

 

12

 

Noncontrolling Interests(3)

 

 

148

 

 

 

(48

)

 

 

100

 

Net Income (Loss) Attributable to Virginia Power

 

 

1,110

 

 

 

(90

)

 

 

1,020

 

Capital expenditures

 

 

5,233

 

 

 

—

 

 

 

5,233

 

 

(1)
The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
(2)
Includes impairment of assets and other charges (benefits).
(3)
Items designated are other segment items for each reportable segment.