DOMINION ENERGY, INCD

DOMINION ENERGY, INC Segments Disclosure

10-KFiled Feb 23, 202613 min read
26. 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 the entities included in the East Ohio (through March 2024), Questar Gas (through May 2024) and PSNC (through September 2024) Transactions, a noncontrolling interest in Cove Point (through September 2023), certain solar generation facility development operations (through April 2024) and a noncontrolling interest in Atlantic Coast Pipeline as discussed in Notes 3 and 9.

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 2025, Dominion Energy reported after-tax net expenses of $300 million in the Corporate and Other segment, including $32 million of after-tax net income for specific items with $28 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 2025 primarily related to the impact of the following items:

•
$258 million ($192 million after-tax) of 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;
•
A $124 million ($94 million after-tax) net unrealized loss related to economic hedging activities, attributable to Contracted Energy; and
•
A $106 million ($79 million after-tax) loss associated with severe weather events, attributable to Dominion Energy Virginia; partially offset by
•
A $507 million ($335 million after-tax) gain related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($290 million after-tax); and
•
Dominion Energy Virginia ($45 million after-tax).

In 2024, Dominion Energy reported after-tax net expenses of $734 million in the Corporate and Other segment, including $358 million of after-tax net expenses for specific items with $222 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 2024 primarily related to the impact of the following items:

•
A $232 million ($176 million after-tax) net unrealized loss related to economic hedging activities, attributable to Contracted Energy;
•
A $122 million ($89 million after-tax) charge related to the revision of AROs for Millstone Unit 1, attributable to Contracted Energy;
•
A $103 million ($77 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;
•
$60 million ($46 million after-tax) of charges for the impairment of certain nonregulated renewable natural gas facilities, attributable to Contracted Energy;
•
A $58 million ($44 million after-tax) charge in connection with the electric base rate case in South Carolina, attributable to Dominion Energy South Carolina;
•
A $47 million ($35 million after-tax) charge in connection with a settlement of an agreement, attributable to Contracted Energy;
•
$40 million ($30 million after-tax) of charges for dismantling costs associated with the early retirement of certain electric generation facilities, attributable to Dominion Energy Virginia;
•
A $30 million ($22 million after-tax) charge related to the write-off of certain early-stage development costs, attributable to Dominion Energy Virginia; and
•
A $25 million ($19 million after-tax) charge associated with an accrual for remediation costs at a manufactured gas plant site, attributable to Dominion Energy Virginia; partially offset by
•
A $559 million ($344 million after-tax) gain related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($295 million after-tax); and
•
Dominion Energy Virginia ($49 million after-tax).

In 2023, Dominion Energy reported after-tax net expenses of $198 million in the Corporate and Other segment, including $247 million of after-tax net income for specific items with $336 million of after-tax net income attributable to its operating segments.

The net income for specific items attributable to Dominion Energy’s operating segments in 2023 primarily related to the impact of the following items:

•
A $586 million ($447 million after-tax) net unrealized gain related to economic hedging activities, attributable to Contracted Energy;
•
A $406 million ($236 million after-tax) gain related to investments in nuclear decommissioning trust funds, attributable to:
•
Contracted Energy ($203 million after-tax); and
•
Dominion Energy Virginia ($33 million after-tax); and
•
A $28 million ($21 million after-tax) benefit related to real estate transactions, including gains on the transfer of property to satisfy litigation associated with the NND Project, attributable to Dominion Energy South Carolina; partially offset by
•
A $244 million ($182 million after-tax) charge for amortization of a regulatory asset established in connection with the settlement of the 2021 Triennial Review, attributable to Dominion Energy Virginia;
•
An $83 million ($60 million after-tax) charge related to the revision of AROs for Millstone Unit 1, attributable to Contracted Energy;
•
A $65 million ($48 million after-tax) charge for an easement related to the CVOW Commercial Project for which Virginia Power will not seek recovery, attributable to Dominion Energy Virginia;
•
A $36 million ($27 million after-tax) charge for the write-off of certain previously deferred amounts related to the cessation of certain riders effective July 2023, attributable to Dominion Energy Virginia;
•
A $35 million ($26 million after-tax) decrease from Dominion Energy’s share of an impairment of certain property, plant and equipment at Align RNG, attributable to Contracted Energy; and
•
A $25 million ($19 million after-tax) charge associated with the abandonment of certain regulated solar generation and other facilities, attributable to Dominion Energy Virginia.

 

The following table presents segment information pertaining to Dominion Energy’s 2025 operations:

 

Year Ended December 31, 2025

 

Dominion
Energy Virginia

 

 

Dominion
Energy
South Carolina

 

 

Contracted
Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

11,843

 

 

$

3,568

 

 

$

1,140

 

 

$

(45

)

 

$

—

 

 

$

16,506

 

Intersegment revenue

 

 

(3

)

 

 

10

 

 

 

39

 

 

 

1,217

 

 

 

(1,263

)

 

 

—

 

Total Operating Revenue

 

 

11,840

 

 

 

3,578

 

 

 

1,179

 

 

 

1,172

 

 

 

(1,263

)

 

 

16,506

 

Electric fuel and other energy-related
    purchases(1)

 

 

3,591

 

 

 

795

 

 

 

114

 

 

 

—

 

 

 

(11

)

 

 

4,489

 

Purchased electric capacity(1)

 

 

71

 

 

 

13

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

82

 

Purchased gas(1)

 

 

—

 

 

 

291

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

297

 

Other operations and maintenance(1)(2)

 

 

2,264

 

 

 

691

 

 

 

532

 

 

 

1,806

 

 

 

(1,229

)

 

 

4,064

 

Depreciation and amortization(1)

 

 

1,623

 

 

 

569

 

 

 

118

 

 

 

91

 

 

 

(14

)

 

 

2,387

 

Other taxes(1)

 

 

361

 

 

 

303

 

 

 

58

 

 

 

62

 

 

 

(11

)

 

 

773

 

Total Operating Expenses

 

 

7,910

 

 

 

2,662

 

 

 

828

 

 

 

1,959

 

 

 

(1,267

)

 

 

12,092

 

Interest and related charges(1)

 

 

957

 

 

 

273

 

 

 

55

 

 

 

939

 

 

 

(202

)

 

 

2,022

 

Income tax expense (benefit)(1)

 

 

514

 

 

 

123

 

 

 

(22

)

 

 

(83

)

 

 

—

 

 

 

532

 

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

 

 

—

 

 

 

—

 

 

 

1

 

 

 

(7

)

 

 

—

 

 

 

(6

)

Other income (expense)(3)

 

 

167

 

 

 

1

 

 

 

(6

)

 

 

933

 

 

 

(9

)

 

 

1,086

 

Interest income(3)

 

 

23

 

 

 

14

 

 

 

125

 

 

 

174

 

 

 

(197

)

 

 

139

 

Net Loss from Discontinued Operations
   Including Noncontrolling Interests

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(14

)

 

 

—

 

 

 

(14

)

Noncontrolling Interests(3)

 

 

324

 

 

 

—

 

 

 

—

 

 

 

(257

)

 

 

—

 

 

 

67

 

Net Income (Loss) Attributable to Dominion
    Energy

 

 

2,325

 

 

 

535

 

 

 

438

 

 

 

(300

)

 

 

—

 

 

 

2,998

 

Investment in equity method investees(4)

 

 

—

 

 

 

—

 

 

 

92

 

 

 

40

 

 

 

—

 

 

 

132

 

Capital expenditures

 

 

10,548

 

 

 

1,174

 

 

 

831

 

 

 

101

 

 

 

(1

)

 

 

12,653

 

Total assets (billions)

 

 

80.8

 

 

 

19.3

 

 

 

12.1

 

 

 

10.2

 

 

 

(6.5

)

 

 

115.9

 

 

(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.
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.

 

The following table presents segment information pertaining to Dominion Energy’s 2024 operations:

 

Year Ended December 31, 2024

 

Dominion
Energy Virginia

 

 

Dominion
Energy
South Carolina

 

 

Contracted
Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

10,226

 

 

$

3,295

 

 

$

1,099

 

 

$

(161

)

 

$

—

 

 

$

14,459

 

Intersegment revenue

 

 

9

 

 

 

9

 

 

 

10

 

 

 

1,002

 

 

 

(1,030

)

 

 

—

 

Total Operating Revenue

 

 

10,235

 

 

 

3,304

 

 

 

1,109

 

 

 

841

 

 

 

(1,030

)

 

 

14,459

 

Electric fuel and other energy-related
    purchases(1)

 

 

2,743

 

 

 

775

 

 

 

102

 

 

 

—

 

 

 

(6

)

 

 

3,614

 

Purchased electric capacity(1)

 

 

68

 

 

 

8

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

74

 

Purchased gas(1)

 

 

—

 

 

 

260

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

260

 

Other operations and maintenance(1)(2)

 

 

2,217

 

 

 

671

 

 

 

487

 

 

 

1,827

 

 

 

(1,014

)

 

 

4,188

 

Depreciation and amortization(1)

 

 

1,635

 

 

 

546

 

 

 

76

 

 

 

88

 

 

 

—

 

 

 

2,345

 

Other taxes(1)

 

 

332

 

 

 

292

 

 

 

53

 

 

 

62

 

 

 

(8

)

 

 

731

 

Total Operating Expenses

 

 

6,995

 

 

 

2,552

 

 

 

718

 

 

 

1,977

 

 

 

(1,030

)

 

 

11,212

 

Interest and related charges(1)

 

 

856

 

 

 

276

 

 

 

36

 

 

 

912

 

 

 

(187

)

 

 

1,893

 

Income tax expense (benefit)(1)

 

 

446

 

 

 

80

 

 

 

121

 

 

 

(236

)

 

 

—

 

 

 

411

 

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

 

 

—

 

 

 

—

 

 

 

9

 

 

 

(6

)

 

 

—

 

 

 

3

 

Other income (expense)(3)

 

 

100

 

 

 

(5

)

 

 

(15

)

 

 

614

 

 

 

—

 

 

 

694

 

Interest income(3)

 

 

23

 

 

 

7

 

 

 

131

 

 

 

170

 

 

 

(187

)

 

 

144

 

Net Income from Discontinued Operations
   Including Noncontrolling Interests

 

 

—

 

 

 

—

 

 

 

—

 

 

 

197

 

 

 

—

 

 

 

197

 

Noncontrolling Interests(3)

 

 

50

 

 

 

—

 

 

 

—

 

 

 

(103

)

 

 

—

 

 

 

(53

)

Net Income (Loss) Attributable to Dominion
    Energy

 

 

2,011

 

 

 

398

 

 

 

359

 

 

 

(734

)

 

 

—

 

 

 

2,034

 

Investment in equity method investees(4)

 

 

—

 

 

 

—

 

 

 

91

 

 

 

47

 

 

 

—

 

 

 

138

 

Capital expenditures

 

 

9,968

 

 

 

1,105

 

 

 

772

 

 

 

582

 

 

 

—

 

 

 

12,427

 

Total assets (billions)

 

 

70.0

 

 

 

18.4

 

 

 

9.5

 

 

 

10.2

 

 

 

(5.7

)

 

 

102.4

 

 

(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.
(3)
Items designated are other segment items for each reportable segment.
(4)
Excludes liability to Atlantic Coast Pipeline.

 

The following table presents segment information pertaining to Dominion Energy’s 2023 operations:

 

Year Ended December 31, 2023

 

Dominion
Energy Virginia

 

 

Dominion
Energy
South Carolina

 

 

Contracted
Energy

 

 

Corporate
and Other

 

 

Adjustments &
Eliminations

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenue from external customers

 

$

9,575

 

 

$

3,369

 

 

$

835

 

 

$

614

 

 

$

—

 

 

$

14,393

 

Intersegment revenue

 

 

(2

)

 

 

6

 

 

 

16

 

 

 

939

 

 

 

(959

)

 

 

—

 

Total Operating Revenue

 

 

9,573

 

 

 

3,375

 

 

 

851

 

 

 

1,553

 

 

 

(959

)

 

 

14,393

 

Electric fuel and other energy-related
   purchases(1)

 

 

2,918

 

 

 

947

 

 

 

80

 

 

 

—

 

 

 

(10

)

 

 

3,935

 

Purchased electric capacity(1)

 

 

46

 

 

 

12

 

 

 

—

 

 

 

—

 

 

 

(3

)

 

 

55

 

Purchased gas(1)

 

 

—

 

 

 

285

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

285

 

Other operations and maintenance(1)(2)

 

 

1,842

 

 

 

612

 

 

 

544

 

 

 

1,381

 

 

 

(939

)

 

 

3,440

 

Depreciation and amortization(1)

 

 

1,622

 

 

 

531

 

 

 

105

 

 

 

322

 

 

 

—

 

 

 

2,580

 

Other taxes(1)

 

 

298

 

 

 

285

 

 

 

48

 

 

 

60

 

 

 

(7

)

 

 

684

 

Total Operating Expenses

 

 

6,726

 

 

 

2,672

 

 

 

777

 

 

 

1,763

 

 

 

(959

)

 

 

10,979

 

Interest and related charges(1)

 

 

772

 

 

 

249

 

 

 

44

 

 

 

820

 

 

 

(206

)

 

 

1,679

 

Income tax expense(1)

 

 

473

 

 

 

79

 

 

 

25

 

 

 

67

 

 

 

—

 

 

 

644

 

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

 

 

—

 

 

 

—

 

 

 

(34

)

 

 

8

 

 

 

—

 

 

 

(26

)

Other income (expense)(3)

 

 

65

 

 

 

(4

)

 

 

22

 

 

 

820

 

 

 

—

 

 

 

903

 

Interest income(3)

 

 

17

 

 

 

6

 

 

 

106

 

 

 

196

 

 

 

(206

)

 

 

119

 

Net Loss From Discontinued Operations
   Including Noncontrolling Interests

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(125

)

 

 

—

 

 

 

(125

)

Net Income (Loss) Attributable to Dominion
   Energy

 

 

1,684

 

 

 

377

 

 

 

99

 

 

 

(198

)

 

 

—

 

 

 

1,962

 

Capital expenditures

 

 

7,196

 

 

 

957

 

 

 

740

 

 

 

1,342

 

 

 

—

 

 

 

10,235

 

 

(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.
(3)
Items designated are other segment items for each reportable segment.

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 2025, Virginia Power reported after-tax net expenses of $225 million in the Corporate and Other segment, including $225 million of after-tax net expenses for specific items all of which were attributable to its operating segment.

The net expenses for specific items attributable to its operating segment in 2025 primarily related to the impact of the following items:

•
$258 million ($192 million after-tax) of charges for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project; and
•
A $106 million ($79 million after-tax) loss associated with severe weather events; partially offset by
•
A $72 million ($45 million after-tax) gain related to investments in nuclear decommissioning trust funds.

In 2024, Virginia Power reported after-tax net expenses of $114 million in the Corporate and Other segment, including $115 million of after-tax net expenses for specific items all of which were attributable to its operating segment.

The net expenses for specific items attributable to its operating segment in 2024 primarily related to the impact of the following items:

•
A $103 million ($77 million after-tax) charge for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project;
•
$40 million ($30 million after-tax) of charges for dismantling costs associated with the early retirement of certain electric generation facilities;
•
A $30 million ($22 million after-tax) charge related to the write-off of certain early-stage development costs; and
•
A $25 million ($19 million after-tax) charge associated with an accrual for remediation costs at a manufactured gas plant site; partially offset by
•
A $82 million ($49 million after-tax) gain related to investments in nuclear decommissioning trust funds.

In 2023, Virginia Power reported after-tax net expenses of $242 million in the Corporate and Other segment, including $242 million of after-tax net expenses for specific items all of which were attributable to its operating segment.

The net expenses for specific items attributable to its operating segment in 2023 primarily related to the impact of the following items:

•
A $244 million ($182 million after-tax) charge for amortization of a regulatory asset established in connection with the settlement of the 2021 Triennial Review;
•
A $65 million ($48 million after-tax) charge for an easement related to the CVOW Commercial Project for which Virginia Power will not seek recovery;
•
A $36 million ($27 million after-tax) charge for the write-off of certain previously deferred amounts related to the cessation of certain riders effective July 2023; and
•
A $25 million ($19 million after-tax) charge associated with the abandonment of certain regulated solar generation and other facilities; partially offset by
•
A $58 million ($33 million after-tax) gain related to investments in nuclear decommissioning trust funds.

 

The following table presents segment information pertaining to Virginia Power’s operations:

 

 

 

Dominion Energy
Virginia

 

 

Corporate and
Other

 

 

Consolidated
Total

 

(millions)

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2025

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

11,841

 

 

$

(29

)

 

$

11,812

 

Electric fuel and other energy-related purchases(1)

 

 

3,591

 

 

 

—

 

 

 

3,591

 

Purchased electric capacity(1)

 

 

71

 

 

 

—

 

 

 

71

 

Other operations and maintenance(1)(2)

 

 

2,264

 

 

 

582

 

 

 

2,846

 

Depreciation and amortization(1)

 

 

1,623

 

 

 

7

 

 

 

1,630

 

Other taxes(1)

 

 

361

 

 

 

1

 

 

 

362

 

Total Operating Expenses

 

 

7,910

 

 

 

590

 

 

 

8,500

 

Interest and related charges(1)

 

 

957

 

 

 

(6

)

 

 

951

 

Income tax expense (benefit)(1)

 

 

514

 

 

 

(66

)

 

 

448

 

Other income (expense)(3)

 

 

167

 

 

 

63

 

 

 

230

 

Interest income(3)

 

 

23

 

 

 

2

 

 

 

25

 

Noncontrolling Interests(3)

 

 

324

 

 

 

(257

)

 

 

67

 

Net Income (Loss) Attributable to Virginia Power

 

 

2,326

 

 

 

(225

)

 

 

2,101

 

Capital expenditures

 

 

10,544

 

 

 

—

 

 

 

10,544

 

Total assets (billions)

 

 

79.2

 

 

 

—

 

 

 

79.2

 

Year Ended December 31, 2024

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

10,235

 

 

$

—

 

 

$

10,235

 

Electric fuel and other energy-related purchases(1)

 

 

2,743

 

 

 

—

 

 

 

2,743

 

Purchased electric capacity(1)

 

 

68

 

 

 

—

 

 

 

68

 

Other operations and maintenance(1)(2)

 

 

2,217

 

 

 

312

 

 

 

2,529

 

Depreciation and amortization(1)

 

 

1,635

 

 

 

9

 

 

 

1,644

 

Other taxes(1)

 

 

332

 

 

 

1

 

 

 

333

 

Total Operating Expenses

 

 

6,995

 

 

 

322

 

 

 

7,317

 

Interest and related charges(1)

 

 

856

 

 

 

(7

)

 

 

849

 

Income tax expense (benefit)(1)

 

 

446

 

 

 

(23

)

 

 

423

 

Other income (expense)(3)

 

 

100

 

 

 

69

 

 

 

169

 

Interest income(3)

 

 

23

 

 

 

6

 

 

 

29

 

Noncontrolling Interests(3)

 

 

50

 

 

 

(103

)

 

 

(53

)

Net Income (Loss) Attributable to Virginia Power

 

 

2,011

 

 

 

(114

)

 

 

1,897

 

Capital expenditures

 

 

9,968

 

 

 

—

 

 

 

9,968

 

Total assets (billions)

 

 

68.4

 

 

 

—

 

 

 

68.4

 

Year Ended December 31, 2023

 

 

 

 

 

 

 

 

 

Operating Revenue

 

$

9,573

 

 

$

—

 

 

$

9,573

 

Electric fuel and other energy-related purchases(1)

 

 

2,918

 

 

 

—

 

 

 

2,918

 

Purchased electric capacity(1)

 

 

46

 

 

 

—

 

 

 

46

 

Other operations and maintenance(1)(2)

 

 

1,842

 

 

 

124

 

 

 

1,966

 

Depreciation and amortization(1)

 

 

1,622

 

 

 

249

 

 

 

1,871

 

Other taxes(1)

 

 

298

 

 

 

—

 

 

 

298

 

Total Operating Expenses

 

 

6,726

 

 

 

373

 

 

 

7,099

 

Interest and related charges(1)

 

 

772

 

 

 

(7

)

 

 

765

 

Income tax expense (benefit)(1)

 

 

473

 

 

 

(73

)

 

 

400

 

Other income (expense)(3)

 

 

65

 

 

 

51

 

 

 

116

 

Interest income(3)

 

 

17

 

 

 

—

 

 

 

17

 

Net Income (Loss) Attributable to Virginia Power

 

 

1,684

 

 

 

(242

)

 

 

1,442

 

Capital expenditures

 

 

7,196

 

 

 

—

 

 

 

7,196

 

 

(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.
(3)
Items designated are other segment items for each reportable segment.
Free Sentinel

Want the next DOMINION ENERGY, INC segments disclosure the moment it drops?

Set a Sentinel and we'll alert you the moment DOMINION ENERGY, INC's next filing hits EDGAR. No credit card, your email never gets sold.

Track for free

Historical Timeline

Fiscal YearFiled
2025Feb 23, 2026Showing above
2024Feb 27, 2025
2023Feb 23, 2024
2022Feb 21, 2023
2021Feb 24, 2022
2020Feb 25, 2021
2019Feb 28, 2020
2018Feb 28, 2019
2017Feb 27, 2018
2016Feb 28, 2017
2015Feb 26, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

Other Available Disclosures

Income TaxesRevenueEarnings Per ShareFair ValuePP&EGoodwill & IntangiblesLeasesDebtCommitmentsNew Standards