Dominion Power Publicizes Fourth-Quarter and Full-12 months 2021 Earnings


– Fourth-quarter 2021 GAAP web revenue of $1.63 per share; working earnings of $0.90 per share

– Full yr 2021 GAAP web revenue of $3.98 per share; working earnings of $3.86 per share

– Executed settlement to promote West Virginia Pure Fuel Distribution Firm to Ullico

RICHMOND, Va., Feb. 11, 2022 /PRNewswire/ — Dominion Power (NYSE: D) at the moment introduced an unaudited web revenue decided in accordance with Typically Accepted Accounting Ideas (reported earnings) for the three months ended Dec. 31, 2021, of $1.3 billion ($1.63 per share) in contrast with a web acquire of $682 million ($0.82 per share) for a similar interval in 2020.  Reported earnings had been a web acquire, for the 12 months ended Dec. 31, 2021, of $3.3 billion ($3.98 per share) in contrast with a web lack of $401 million ($0.57 per share) for a similar interval in 2020.

Working earnings for the three months ended Dec. 31, 2021, had been $752 million ($0.90 per share), in contrast with working earnings of $672 million ($0.81 per share) for a similar interval in 2020. Working earnings for the 12 months ended Dec. 31, 2021, had been $3.2 billion ($3.86 per share) in contrast with working earnings of $3.0 billion ($3.54 per share) for a similar interval in 2020.

GAAP earnings for the 12 months ended Dec. 31, 2021, relative to working earnings replicate the mark-to-market affect of financial hedging actions, good points/losses on nuclear decommissioning belief funds, contributions of discontinued operations and the sale of Questar Pipelines, regulated asset retirements and different expenses, and different changes.

Working earnings are outlined as reported earnings adjusted for sure gadgets.  Particulars of working earnings as in comparison with prior intervals, enterprise section outcomes and detailed descriptions of things included in reported earnings however excluded from working earnings could be discovered on Schedules 1, 2, 3 and 4 of this launch.

As well as, Dominion Power has executed a definitive settlement to promote its West Virginia pure gasoline utility – Hope Fuel, Inc. (Dominion Power West Virginia or DEWV) – to Ullico Inc.’s infrastructure fund (Ullico) for $690 million. The transaction is anticipated to shut late this yr.

Ullico plans to combine DEWV with Hearthstone Utilities, Inc. (Hearthstone), a portfolio firm that owns and operates gasoline utilities in Indiana, Maine, Montana, North Carolina, and Ohio.  As a part of the definitive settlement, Hearthstone will transfer its headquarters to West Virginia.  

The transaction worth, achieved by way of a aggressive sale course of, represents roughly 26.2x 2021 web revenue and a couple of.0x 2021 year-end fee base.  DEWV is a Clarksburg, W.Va.-based gasoline utility using about 300 and serving 111,000 West Virginia clients.  The sale is topic to customary closing situations, together with clearance underneath the Hart-Scott-Rodino Act and approval from the West Virginia Public Service Fee. 

Steering

Dominion Power expects 2022 working earnings within the vary of $3.95 to $4.25 per share.

First-quarter 2022 working earnings are anticipated to be within the vary of $1.10 to $1.25 per share.

Webcast at the moment

The corporate will host its fourth-quarter 2021 earnings name at 10 a.m. ET on Friday, Feb. 11, 2022.  Administration will focus on issues of curiosity to monetary and different stakeholders together with current monetary outcomes.   

A dwell webcast of the convention name, together with accompanying slides and different monetary info, will likely be accessible on the investor info pages at traders.dominionenergy.com.

For people preferring to affix by way of phone, home callers ought to dial 1-800-420-1271 and worldwide callers ought to dial 1-785-424-1205.  The passcode for the telephonic earnings name is 50071.  Individuals ought to dial in 10 to fifteen minutes previous to the scheduled begin time. 

A replay of the webcast will likely be accessible on the investor info pages by the tip of the day Feb. 11.  A telephonic replay of the earnings name will likely be accessible starting at about 1 p.m. ET on Feb. 11.  Home callers might entry the recording by dialing 1-800-934-8221.  Worldwide callers ought to dial 1-402-220-6990.  The PIN for the replay is 50071. 

Vital observe to traders relating to working, reported earnings

Dominion Power makes use of working earnings as the first efficiency measurement of its earnings steerage and outcomes for public communications with analysts and traders.  Dominion Power additionally makes use of working earnings internally for budgeting, for reporting to the Board of Administrators, for the corporate’s incentive compensation plans and for its focused dividend payouts and different functions. Dominion Power administration believes working earnings present a extra significant illustration of the corporate’s basic earnings energy.

In offering its working earnings steerage, the corporate notes that there may very well be variations between anticipated reported earnings and estimated working earnings for issues comparable to, however not restricted to, acquisitions, divestitures or excessive climate occasions and different pure disasters.  Dominion Power administration is just not capable of estimate the mixture affect of these things on future interval reported earnings.

About Dominion Power

About 7 million clients in 13 states energize their properties and companies with electrical energy or pure gasoline from Dominion Power (NYSE: D), headquartered in Richmond, Va. The corporate is dedicated to sustainable, dependable, reasonably priced and secure vitality and to reaching web zero carbon dioxide and methane emissions from its energy technology and gasoline infrastructure operations by 2050. Please go to DominionEnergy.com to be taught extra. 

This launch accommodates sure forward-looking statements, together with forecasted working earnings fourth-quarter and full-year 2021 and past that are topic to numerous dangers and uncertainties. Elements that would trigger precise outcomes to vary embody, however aren’t restricted to: uncommon climate situations and their impact on vitality gross sales to clients and vitality commodity costs; excessive climate occasions and different pure disasters; extraordinary exterior occasions, comparable to the present pandemic well being occasion ensuing from COVID-19; federal, state and native legislative and regulatory developments; adjustments to regulated charges collected by Dominion Power; timing and receipt of regulatory approvals crucial for deliberate building or growth tasks and compliance with situations related to such regulatory approvals; the lack to finish deliberate building tasks inside time frames initially anticipated; dangers and uncertainties which will affect the flexibility to develop and assemble the Coastal Virginia Offshore Wind (CVOW) Industrial Challenge throughout the presently proposed timeline, or in any respect, and in line with present value estimates together with the flexibility to get better such prices from clients; adjustments to federal, state and native environmental legal guidelines and laws, together with these associated to local weather change; value of environmental technique and compliance, together with value associated to local weather change; adjustments in implementation and enforcement practices of regulators regarding environmental requirements and litigation publicity for remedial actions; adjustments in working, upkeep and building prices; extra competitors in Dominion Power’s industries; adjustments in demand for Dominion Power’s companies; receipt of approvals for, and timing of, deadlines for acquisitions and divestitures; impacts of acquisitions, divestitures, transfers of property by Dominion Power to joint ventures, and retirements of property based mostly on asset portfolio critiques; the anticipated timing and chance of the gross sales of Kewaunee and Hope, together with the flexibility to acquire the requisite regulatory approvals and the phrases and situations of such regulatory approvals; opposed outcomes in litigation issues or regulatory proceedings; fluctuations in rates of interest; fluctuations in forex alternate charges of the Euro or Danish Krone related to the CVOW Industrial Challenge; adjustments in score company necessities or credit score rankings and their impact on availability and value of capital; and capital market situations, together with the provision of credit score and the flexibility to acquire financing on cheap phrases.   Different threat components are detailed sometimes in Dominion Power’s quarterly reviews on Kind 10-Q and most up-to-date annual report on Kind 10-Ok filed with the Securities and Change Fee.

 



















































Dominion Power, Inc. 

Consolidated Statements of Revenue *

Unaudited (GAAP Based mostly)

(thousands and thousands, besides per share quantities)

           
 

Three Months Ended

 

Twelve Months Ended

 

December 31,

 

December 31,

 

2021

2020

 

2021

2020

           

Working Income

$     3,880

$      3,521

 

$   13,964

$    14,172

           

Working Bills

         

Electrical gasoline and different energy-related purchases

628

485

 

2,368

2,243

Bought electrical capability

8

17

 

70

53

Bought gasoline

418

328

 

1,083

889

Different operations and upkeep1

1,037

1,046

 

4,037

5,729

Depreciation, depletion and amortization

645

581

 

2,478

2,332

Different taxes

207

208

 

909

871

  Complete working bills

2,943

2,665

 

10,945

12,117

           

Revenue from operations

937

856

 

3,019

2,055

           

Different revenue2

487

406

 

1,433

733

Curiosity and associated expenses

376

241

 

1,354

1,377

Revenue from persevering with operations together with noncontrolling

         

    pursuits earlier than revenue tax expense

1,048

1,021

 

3,098

1,411

           

Revenue tax expense

225

206

 

425

83

           

Web Revenue from persevering with operations together with noncontrolling

pursuits 

823

815

 

2,673

1,328

           

Web Revenue (loss) from discontinued operations together with

noncontrolling pursuits

522

(125)

 

641

(1,878)

           

Web Revenue (loss) together with noncontrolling pursuits

$     1,345

$         690

 

$     3,314

$        (550)

Noncontrolling pursuits

4

8

 

26

(149)

           

Web Revenue (loss) attributable to Dominion Power

$     1,341

$         682

 

$     3,288

$        (401)

           

Reported Revenue per widespread share from persevering with operations

– diluted

$       0.99

$        0.98

 

$       3.19

$        1.82

Reported Revenue (loss) per widespread share from discontinued

operations – diluted

0.64

(0.16)

 

0.79

(2.39)

Reported Revenue (loss) per widespread share – diluted

$       1.63

$        0.82

 

$       3.98

$       (0.57)

Common shares excellent, diluted

811.0

812.8

 

808.5

831.0

   

1)  Consists of impairment of property and different expenses and losses (good points) on gross sales of property.

 

2)  Consists of earnings (loss) from fairness methodology investees.

 
   

* The notes contained in Dominion Power’s most up-to-date quarterly report on Kind 10-Q or annual report on Kind 10-Ok are 

  an integral a part of the Consolidated Monetary Statements.

         

 

 






































































Schedule 1 – Section Reported and Working Earnings

       
           

Unaudited

         

(thousands and thousands, besides per share quantities)

Three months ended December 31,

 

2021

 

2020

 

Change

           

REPORTED EARNINGS1

$       1,341

 

$          682

 

$          659

           

            Pre-tax loss (revenue)2

(761)

 

(452)

 

(309)

            Revenue tax2

172

 

442

 

(270)

Changes to reported earnings

(589)

 

(10)

 

(579)

           

OPERATING EARNINGS

$          752

 

$          672

 

$            80

            By section:

         

            Dominion Power Virginia

455

 

412

 

43

            Fuel Distribution

185

 

185

 

            Dominion Power South Carolina

100

 

93

 

7

            Contracted Property

58

 

107

 

(49)

            Company and Different

(46)

 

(125)

 

79

 

$          752

 

$          672

 

$            80

           
           

Earnings Per Share (EPS):3

         

REPORTED EARNINGS 1

$         1.63

 

$         0.82

 

$         0.81

Changes to reported earnings (after tax)

(0.73)

 

(0.01)

 

(0.72)

OPERATING EARNINGS

$         0.90

 

$         0.81

 

$         0.09

           By section:

         

           Dominion Power Virginia

0.56

 

0.51

 

0.05

           Fuel Distribution

0.23

 

0.23

 

           Dominion Power South Carolina

0.12

 

0.11

 

0.01

           Contracted Property

0.07

 

0.13

 

(0.06)

           Company and Different

(0.08)

 

(0.17)

 

0.09

 

$         0.90

 

$         0.81

 

$         0.09

           

Frequent Shares Excellent (common, diluted)

811.0

 

812.8

   
           

(thousands and thousands, besides earnings per share)

Twelve months ended December 31,

 

2021

 

2020

 

Change

           

REPORTED EARNINGS1

$       3,288

 

$        (401)

 

$       3,689

           

           Pre-tax loss (revenue)2

(26)

 

4,120

 

(4,146)

           Revenue tax2

(71)

 

(713)

 

642

Changes to reported earnings

(97)

 

3,407

 

(3,504)

           

OPERATING EARNINGS

$       3,191

 

$       3,006

 

$          185

           By section:

         

           Dominion Power Virginia

1,919

 

1,891

 

28

           Fuel Distribution

600

 

560

 

40

           Dominion Power South Carolina

437

 

419

 

18

           Contracted Property

431

 

402

 

29

           Company and Different  

(196)

 

(266)

 

70

 

$       3,191

 

$       3,006

 

$          185

           

Earnings Per Share (EPS):3

         

REPORTED EARNINGS1

$         3.98

 

$       (0.57)

 

$         4.55

Changes to reported earnings (after tax)

(0.12)

 

4.11

 

(4.23)

OPERATING EARNINGS

$         3.86

 

$         3.54

 

$         0.32

          By section:

         

          Dominion Power Virginia

2.37

 

2.28

 

0.09

          Fuel Distribution

0.74

 

0.67

 

0.07

          Dominion Power South Carolina

0.54

 

0.51

 

0.03

          Contracted Property

0.53

 

0.48

 

0.05

          Company and Different

(0.32)

 

(0.40)

 

0.08

 

$         3.86

 

$         3.54

 

$         0.32

           

Frequent Shares Excellent (common, diluted)

808.5

 

831.0

   

 








   

1)

Decided in accordance with Typically Accepted Accounting Ideas (GAAP).

2)

Changes to reported earnings are included in Company and Different section reported GAAP earnings.  Check with Schedules 2 and three for particulars, or discover “GAAP 

 

Reconciliation” within the Earnings Launch Equipment on Dominion Power’s web site at traders.dominionenergy.com.

3)

The calculation of working earnings per share excludes the affect, if any, of truthful worth changes associated to the Firm’s convertible most well-liked


securities entered in June 2019. Such truthful worth changes, if any, are required for the calculation of diluted reported earnings per share. No changes


 


had been crucial for the three months and twelve months ended December 31, 2021. No adjustment was crucial for the three months ended December 31, 2020. 


 


For the twelve months ended December 31, 2020, the truthful worth adjustment required for diluted reported earnings per share was $11 million. Throughout every quarter, 


 


the calculation of reported and working earnings per share contains the affect of most well-liked dividends of $7 million related to the Sequence A most well-liked 


 


inventory fairness items entered in June 2019 and $9 million related to the Sequence B most well-liked inventory fairness items entered in December 2019.  As well as,


 


the fourth quarter of 2021 contains $3 million of most well-liked dividends related to the Sequence C most well-liked inventory issued in December 2021.  See Types


 


10-Q and 10-Ok for added info.


 

 

 

 

Schedule 2 – Reconciliation of 2021 Reported Earnings to Working Earnings

2021 Earnings (Twelve months ended December 31, 2021)

The $26 million pre-tax web acquire of the changes included in 2021 reported earnings, however excluded from working earnings, is primarily associated to the next gadgets:

  • $308 million web market profit related to $568 million from the nuclear decommissioning trusts offset by $260 million in financial hedging actions.
  • $829 million of web revenue from discontinued operations, together with $685 million related to the sale of Questar Pipelines.
  • $564 million of regulated asset retirements and different expenses, together with $266 million related to the settlement of the South Carolina electrical fee case, primarily for the write-off of regulatory property for debt repurchased in 2019, $186 million related to the settlement of Virginia Energy’s 2021 triennial assessment and $77 million for forgiveness of Virginia buyer accounts in arrears pursuant to Virginia’s 2021 finances course of.
  • $235 million of web expenses related to the gross sales of non-wholly-owned nonregulated photo voltaic amenities.
  • $99 million of web merger and integration-related prices related to the SCANA Mixture, primarily for litigation expenses.
  • $77 million of web expenses related to office realignment, primarily associated to a company workplace lease termination.
  • $68 million of storm harm and restoration prices related to ice storms in Virginia Energy’s service territory.

 















































               

(thousands and thousands, besides per share quantities)

1Q21

2Q21

3Q21

4Q21

YTD 2021

3

Reported earnings

$      1,008

$              285

$          654

$      1,341

$         3,288

 

Changes to reported earnings 1:

           

    Pre-tax loss (revenue)

(152)

474

413

(761)

(26)

 

    Revenue tax

37

(131)

(149)

172

(71)

 
   

(115)

343

264

(589)

(97)

 

Working earnings

$          893

$              628

$          918

$          752

$         3,191

 

Frequent shares excellent (common, diluted) 

805.9

806.6

810.0

811.0

808.5

 

Reported earnings per share 2

$         1.23

$             0.33

$         0.79

$         1.63

$           3.98

 

Changes to reported earnings per share 2

(0.14)

0.43

0.32

(0.73)

(0.12)

 

Working earnings per share 2

$         1.09

$             0.76

$         1.11

$         0.90

$           3.86

 
               

1) Changes to reported earnings are mirrored within the following desk:

           
   

1Q21

2Q21

3Q21

4Q21

YTD 2021

 

Pre-tax loss (revenue):

           

    Web (acquire) loss on NDT funds

$        (134)

$            (194)

$            19

$        (259)

$           (568)

 

    Mark-to-market affect of financial hedging actions

(278)

291

284

(37)

260

 

    Discontinued operations – Fuel Transmission & Storage section

(35)

(30)

(59)

(705)

(829)

 

    Regulated asset retirements and different expenses

100

278

119

67

564

 

    Gross sales of non-wholly-owned nonregulated photo voltaic amenities

0

0

23

212

235

 

    Merger litigation and integration expenses

71

48

8

(28)

99

 

    Office realignment

71

0

17

(11)

77

 

    Storm harm and restoration prices

51

17

0

68

 

    Kewaunee decommissioning revision

0

44

0

44

 

    Different

2

20

2

24

 
               
   

$        (152)

$              474

$          413

$        (761)

$             (26)

 

Revenue tax expense (profit):   

           

   Tax impact of above changes to reported earnings *

37

(131)

(140)

204

(30)

 

   Different

0

0

(9)

(32)

(41)

 
               
   

$            37

$            (131)

$        (149)

$          172

$             (71)

 

* Revenue taxes for particular person pre-tax gadgets embody present and deferred taxes utilizing a transactional efficient tax fee. For interim reporting functions,

 

   such quantities could also be adjusted in reference to the calculation of the Firm’s year-to-date revenue tax provision based mostly on its estimated 

 

   annual efficient tax fee.

           

2) The calculation of working earnings per share excludes the affect, if any, of truthful worth changes associated to the Firm’s convertible most well-liked

 

   securities entered in June 2019. Such truthful worth changes, if any, are required for the calculation of diluted reported earnings per share. No

 

   changes had been crucial for the three months ended March 31, June 30 or September 30 or for the three and twelve months ended December 31. 

 

   Throughout every quarter of 2021, the calculation of reported and working earnings per share contains the affect of most well-liked dividends of $7 million

 

   related to the Sequence A most well-liked inventory fairness items and $9 million related to the Sequence B most well-liked inventory fairness items. As well as, the 

 

   fourth quarter of 2021 contains $3 million of most well-liked dividends related to the Sequence C most well-liked inventory issued in December 2021. 

 

   See Types 10-Q and 10-Ok for added info.

           

3)  YTD EPS might not equal sum of quarters as a result of share depend distinction and truthful worth adjustment related to the convertible most well-liked securities.

 

 

 

Schedule 3 – Reconciliation of 2020 Reported Earnings to Working Earnings

2020 Earnings (Twelve months ended December 31, 2020)  

The $4.1 billion pre-tax web impact of the changes included in 2020 reported earnings, however excluded from working earnings, is primarily associated to the next gadgets:

  • $2.4 billion web loss from discontinued operations related to the sale of the Fuel Transmission & Storage section in addition to the cancellation of the Atlantic Coast Pipeline mission.
  • $840 million of expenses primarily regarding the deliberate early retirement of electrical technology amenities in Virginia and $257 million of expenses for anticipated buyer credit score reinvestment offset and buyer arrears forgiveness for Virginia utility clients.
  • $626 million for an impairment cost attributable to Dominion Power’s pursuits in sure service provider photo voltaic technology amenities and a contract termination cost in reference to the sale of Fowler Ridge.
  • $238 million of merger and integration-related prices related to the SCANA Mixture, together with $117 million related to litigation.

 

 















































               

(thousands and thousands, besides per share quantities)

1Q20

2Q20

3Q20

4Q20

YTD 2020

3

Reported earnings (loss)

$           (270)

$        (1,169)

$              356

$              682

$           (401)

 

Changes to reported earnings 1:

           

    Pre-tax loss (revenue)

1,265

2,448

859

(452)

4,120

 

    Revenue tax

(207)

(649)

(299)

442

(713)

 
   

1,058

1,799

560

(10)

3,407

 

Working earnings

$              788

$              630

$              916

$              672

$          3,006

 

Frequent shares excellent (common, diluted) 

838.2

839.4

833.8

812.8

831.0

 

Reported earnings (loss) per share 2

$          (0.34)

$          (1.52)

$            0.41

$            0.82

$          (0.57)

 

Changes to reported earnings per share 2

1.26

2.25

0.67

(0.01)

4.11

 

Working earnings per share 2

$            0.92

$            0.73

$            1.08

$            0.81

$            3.54

 
               

1) Changes to reported earnings are mirrored within the following desk:

           
   

1Q20

2Q20

3Q20

4Q20

YTD 2020

 

Pre-tax loss (revenue):

           

    Discontinued operations – Fuel Transmission & Storage section *

$           (161)

$          2,691

$                90

$           (217)

$          2,403

 

    Regulated asset retirements and different expenses

768

44

200

96

1,108

 

    Expenses related to pursuits in service provider renewable technology amenities

0

0

626

0

626

 

    Merger and integration-related prices

51

22

77

88

238

 

    Web (acquire) loss on NDT funds

538

(393)

(190)

(290)

(335)

 

    Legal responsibility administration and financing

31

18

13

0

62

 

    Mark-to-market affect of financial hedging actions

37

32

(46)

(140)

(117)

 

    Different **

1

34

89

11

135

 
               
   

$          1,265

$          2,448

$              859

$           (452)

$          4,120

 

Revenue tax expense (profit):   

           

   Tax impact of above changes to reported earnings ***

(224)

(649)

(230)

442

(661)

 

   Different

17

0

(69)

0

(52)

 
               
   

$           (207)

$           (649)

$           (299)

$              442

$           (713)

 

* Quantity excludes the 50% curiosity in Cove Level retained by the Firm.

           

** Consists of social justice commitments and Tropical Storm Isaias.

           

*** Revenue taxes for particular person pre-tax gadgets embody present and deferred taxes utilizing a transactional efficient tax fee. For interim reporting functions,

   

   such quantities could also be adjusted in reference to the calculation of the Firm’s year-to-date revenue tax provision based mostly on its estimated 

     

   annual efficient tax fee.

           

2) The calculation of working earnings per share excludes the affect, if any, of truthful worth changes associated to the Firm’s convertible most well-liked

   

   securities entered in June 2019. Such truthful worth changes, if any, are required for the calculation of diluted reported earnings per share. No changes

   

   had been crucial for the three months ended March 31, September 30 or December 31. For the three months ended June 30, the truthful worth adjustment

     

   required for diluted reported earnings per share calculation was $92 million. For the twelve months ended December 31, the truthful worth adjustment required

   

   for diluted reported earnings per share calculation was $11 million. In every quarter of 2020, the calculation of reported and working earnings per share

   

   contains the affect of most well-liked dividends of $7 million related to the Sequence A most well-liked inventory fairness items entered in June 2019 and $9 million 

   

   related to the Sequence B most well-liked inventory fairness items entered in December 2019. See Types 10-Q and 10-Ok for added info.

     

3) YTD EPS might not equal sum of quarters as a result of share depend distinction and truthful worth adjustment related to the convertible most well-liked securities.

     

 

 







































































Schedule 4 – Reconciliation of 2021 Earnings to 2020

         
             

Preliminary, Unaudited

Three Months Ended

 

Twelve Months Ended

(thousands and thousands, besides EPS)

December 31,

 

December 31,

   

2021 vs. 2020

 

2021 vs. 2020

   

Enhance / (Lower)

 

Enhance / (Lower)

Reconciling Objects

Quantity

EPS

 

Quantity

EPS

Change in reported earnings (GAAP)

$         659

$        0.81

 

$          3,689

$             4.55

             
 

Change in Pre-tax loss (revenue) 1

(309)

   

(4,146)

 
 

Change in Revenue tax 1

(270)

   

642

 

Changes to reported earnings

$       (579)

$      (0.72)

 

$        (3,504)

$           (4.23)

             

Change in consolidated working earnings

$           80

$        0.09

 

$              185

$             0.32

             

Dominion Power Virginia 

         
 

Regulated electrical gross sales:

         
 

Climate

$            (2)

$                   –

 

$                44

$                   0.05

 

Different

38

0.05

 

20

0.02

 

Rider fairness return

15

0.02

 

41

0.05

 

Electrical capability

(7)

(0.01)

 

(28)

(0.03)

 

Deliberate outage prices

(1)

0.00

 

(14)

(0.02)

 

Depreciation & amortization

5

0.01

 

(18)

(0.02)

 

Renewable vitality funding tax credit

9

0.01

 

7

0.01

 

Different

(14)

(0.02)

 

(24)

(0.03)

 

Share accretion

 

0.00

   

0.06

 

Change in contribution to working earnings

$           43

$        0.05

 

$                28

$             0.09

             

Fuel Distribution

         
 

Regulated gasoline gross sales:

         
 

Climate

$                  (2)

$             –

 

$                  –

$                  –

 

Different

16

0.02

 

31

0.04

 

Rider fairness return

11

0.01

 

40

0.05

 

Curiosity expense, web

(2)

(0.00)

 

12

0.01

 

Different

(23)

(0.03)

 

(43)

(0.05)

 

Share accretion

 

0.00

   

0.02

 

Change in contribution to working earnings

$             –

$        0.00

 

$                40

$             0.07

             

Dominion Power South Carolina 

         
 

Regulated electrical gross sales:

         
 

Climate

$            (9)

$      (0.01)

 

$                 (6)

$           (0.01)

 

Different

18

0.02

 

48

0.06

 

Regulated gasoline gross sales

3

0.00

 

9

0.01

 

Curiosity expense, web

3

0.00

 

7

0.01

 

Different

(8)

(0.01)

 

(40)

(0.06)

 

Share accretion

 

0.00

   

0.02

 

Change in contribution to working earnings

$              7

$        0.01

 

$                18

$             0.03

             

Contracted Property

         
 

Margin

$              9

$        0.01

 

$                28

$             0.03

 

Deliberate outage prices

5

0.01

 

33

0.04

 

Renewable vitality funding tax credit

(66)

(0.08)

 

(43)

(0.05)

 

Different

4

0.00

 

11

0.02

 

Share accretion

 

0.00

   

0.01

 

Change in contribution to working earnings

$         (49)

$      (0.06)

 

$                29

$             0.05

             

Company and Different 

         
 

Share accretion and different

$           79

$        0.09

 

$                70

$             0.08

 

Change in contribution to working earnings

$           79

$        0.09

 

$                70

$             0.08

             
             

Change in consolidated working earnings

$           80

$        0.09

 

$              185

$             0.32

             

Change in changes included in reported earnings1

$       (579)

$        0.72

 

$          3,504

$             4.23

             

Change in consolidated reported earnings

$         659

$        0.81

 

$          3,689

$             4.55

             
             

 





1)

Changes to reported earnings are included in Company and Different section reported GAAP earnings.


Check with Schedules 2 and three for particulars, or discover “GAAP Reconciliation” within the Earnings Launch Equipment on Dominion Power’s 

web site at traders.dominionenergy.com.

 

Observe: Figures might not sum as a result of rounding

 

 

 

 

 

SOURCE Dominion Power

For additional info: For additional info: Media: Ryan Frazier, (804) 836-2083 or C.Ryan.Frazier@dominionenergy.com; Investor Relations: David McFarland, (804) 819-2438 or David.M.McFarland@dominionenergy.com



Supply hyperlink