v3.26.3
Operating Revenue
9 Months Ended
Sep. 30, 2026
Text Block [Abstract]  
Operating Revenue

Note 3. Operating Revenue

The Companies’ operating revenue consists of the following:

 

 

 

Dominion Energy

 

 

Virginia Power

 

 

 

Quarter-to-Date

 

 

Year-to-Date

 

 

Quarter-to-Date

 

 

Year-to-Date

 

Period Ended September 30,

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated electric sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

2,157

 

 

$

1,712

 

 

$

5,527

 

 

$

4,628

 

 

$

1,631

 

 

$

1,279

 

 

$

4,287

 

 

$

3,494

 

Commercial

 

 

1,404

 

 

 

1,164

 

 

 

3,567

 

 

 

3,006

 

 

 

1,092

 

 

 

890

 

 

 

2,778

 

 

 

2,284

 

High load(1)

 

 

706

 

 

 

503

 

 

 

2,156

 

 

 

1,308

 

 

 

706

 

 

 

503

 

 

 

2,156

 

 

 

1,308

 

Industrial

 

 

276

 

 

 

205

 

 

 

660

 

 

 

546

 

 

 

147

 

 

 

90

 

 

 

307

 

 

 

224

 

Government and other retail

 

 

384

 

 

 

344

 

 

 

1,101

 

 

 

954

 

 

 

363

 

 

 

324

 

 

 

1,046

 

 

 

900

 

Wholesale

 

 

60

 

 

 

54

 

 

 

174

 

 

 

135

 

 

 

39

 

 

 

41

 

 

 

132

 

 

 

107

 

Nonregulated electric sales

 

 

343

 

 

 

295

 

 

 

1,035

 

 

 

905

 

 

 

77

 

 

 

40

 

 

 

152

 

 

 

105

 

Regulated gas sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

 

34

 

 

 

32

 

 

 

268

 

 

 

249

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

27

 

 

 

24

 

 

 

111

 

 

 

105

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

7

 

 

 

7

 

 

 

23

 

 

 

39

 

 

 

 

 

 

 

 

 

 

 

 

 

Regulated gas transportation and storage

 

 

11

 

 

 

10

 

 

 

32

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

Other regulated revenue

 

 

107

 

 

 

100

 

 

 

243

 

 

 

243

 

 

 

102

 

 

 

96

 

 

 

228

 

 

 

230

 

Other nonregulated revenues(2)(3)(4)

 

 

76

 

 

 

60

 

 

 

242

 

 

 

169

 

 

 

22

 

 

 

16

 

 

 

67

 

 

 

38

 

Total operating revenue from
    contracts with customers

 

 

5,592

 

 

 

4,510

 

 

 

15,139

 

 

 

12,313

 

 

 

4,179

 

 

 

3,279

 

 

 

11,153

 

 

 

8,690

 

Other revenues(2)(5)

 

 

25

 

 

 

17

 

 

 

(23

)

 

 

100

 

 

 

39

 

 

 

32

 

 

 

182

 

 

 

98

 

Total operating revenue

 

$

5,617

 

 

$

4,527

 

 

$

15,116

 

 

$

12,413

 

 

$

4,218

 

 

$

3,311

 

 

$

11,335

 

 

$

8,788

 

 

(1)
Represents customers in Virginia, including certain data centers, with actual or anticipated forecast demand of 25 MW or higher and annual load factor of 75% or higher.
(2)
See Note 18 for amounts attributable to affiliates.
(3)
Includes sales of renewable energy credits of $28 million and $8 million for the three months ended September 30, 2026 and 2025, respectively, and $78 million and $23 million for the nine months ended September 30, 2026 and 2025, respectively, at Dominion Energy and $7 million and $4 million for the three months ended September 30, 2026 and 2025, respectively, and $18 million and $10 million for the nine months ended September 30, 2026 and 2025, respectively, at Virginia Power.
(4)
Includes revenue from transition services agreements of $13 million and $23 million for the three months ended September 30, 2026 and 2025, respectively, and $61 million and $74 million for the nine months ended September 30, 2026 and 2025, respectively, at Dominion Energy.
(5)
Includes alternative revenue of $38 million and $35 million for the three months ended September 30, 2026 and 2025, respectively, and $174 million and $117 million for the nine months ended September 30, 2026 and 2025, respectively, at both Dominion Energy and Virginia Power.

Neither Dominion Energy nor Virginia Power have any amounts for revenue to be recognized in the future on multi-year contracts in place at September 30, 2026.

At September 30, 2026 and December 31, 2025, Dominion Energy’s contract liability balances were $41 million and $45 million, respectively. At September 30, 2026 and December 31, 2025, Virginia Power’s contract liability balances were $35 million and $38 million, respectively. The Companies’ contract liabilities are recorded in other current liabilities and other deferred credits and other liabilities in the Consolidated Balance Sheets.

The Companies recognize revenue as they fulfill their obligations to provide service to their customers. During the nine months ended September 30, 2026 and 2025, Dominion Energy recognized revenue of $43 million and $50 million, respectively, from the beginning contract liability balances. During the nine months ended September 30, 2026 and 2025, Virginia Power recognized $38 million and $46 million, respectively, from the beginning contract liability balances.