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Dominion Energy Inc   (NYSE: D)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

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Description of Dominion Energy Inc's Business Segments


Dominion Energy Inc. a prominent energy company in the United States, operates across diverse segments, providing comprehensive services and products that cater to the needs of residential, commercial, and industrial customers. Here's an extensive overview of the company's primary segments, products, and services:

1. Dominion Delivery
This segment is responsible for managing the companys electric and gas distribution systems and customer service operations. Key elements include:

- Electric Distribution: Dominion Delivery oversees the infrastructure for delivering electricity to residential and commercial customers. This involves maintaining power lines, substations, and transformers, ensuring reliable service.

- Gas Distribution: The segment manages natural gas distribution systems, providing essential services for heating, cooking, and other applications. It ensures safe and efficient delivery of gas to homes and businesses.

- Customer Service Operations: Dominion Delivery offers customer support, including account management, billing inquiries, outage reporting, and service requests.

- Retail Energy Marketing: This involves the sale of electric and gas services directly to consumers, often through competitive pricing and promotions, enabling customers to make choices regarding their energy suppliers.

Dominion Energy
Dominion Energy primarily manages the electric and gas transmission operations along with some exploratory and trading activities. This segment includes:

- Electric Transmission: Responsible for transporting high-voltage electricity from generation sites to substations for distribution, ensuring a robust and reliable electricity supply across its service areas.

- Gas Transmission: This involves the long-distance transport of natural gas through pipelines. Dominion Energy ensures that the gas supply meets market demand and operates extensive pipeline networks.

- Gas Production and Storage: The company engages in activities related to the extraction and storage of natural gas. This segment plays a key role in managing supply levels for optimal distribution.

- Energy Trading and Marketing: Dominion Energy participates in trading electricity, natural gas, and other energy commodities. Hedging, arbitrage services, and market analysis are critical components of this segment, enabling risk management and profit optimization.

Dominion Exploration & Production
This segment focuses on the exploration, development, and production of natural gas and oil resources. Key features include:

- Oil and Gas Exploration: Dominion actively investigates prospective areas for potential oil and gas reserves, utilizing geological and geophysical techniques.

- Development and Production: The company manages drilling operations, well completions, and production processes for extracted oil and gas. Advanced technologies are employed to maximize extraction efficiency and minimize environmental impacts.

- Resource Management: This segment involves the management of existing reserves and ongoing assessments to ensure sustainable development practices.

Dominion Generation
Dominion Generation is responsible for managing the generation operations of the company's electric utility and merchant fleet and its power purchase agreements. The segment includes:

- Power Generation Facilities: Dominion operates a diverse portfolio of generation facilities, including coal, natural gas, nuclear, solar, and renewable energy plants. This diversity enhances energy reliability and reduces dependence on any single energy source.

- Merchant Generation: The company sells electricity generated from its non-regulated assets in wholesale markets, optimizing profitability through strategic sales practices and portfolio management.

- Power Purchase Agreements: Dominion engages in long-term contracts to purchase power, allowing it to manage risk and ensure steady supply for its customers.

- Renewable Energy Initiatives: The company is increasingly investing in renewable energy sources, such as solar and wind, in response to market demand and regulatory requirements for cleaner energy solutions.

Additional Services
Apart from its core segments, Dominion Energy provides various ancillary services and solutions, including:

- Energy Efficiency Programs: Helping customers reduce their energy consumption through incentives, rebates, and education on energy-saving practices.

- Sustainability Initiatives: Committing to reduce carbon emissions and promote clean energy alternatives, including environmental stewardship initiatives.

- Electric Vehicle Charging Solutions: Catering to the growing demand for electric vehicles, Dominion Energy is investing in charging infrastructure and related services.

- Community Engagement and Support: The company often participates in local community projects and initiatives, aiming to enhance its corporate responsibility and support regional development.

Conclusion
Dominion Energy Inc. offers a diverse array of products and services designed to meet the energy needs of its customers while emphasizing reliability, sustainability, and innovation. Through its multiple segments, the company not only focuses on traditional energy sources but is also committed to expanding its renewable energy portfolio and enhancing customer experience.

 

Composition of Dominion Energy Inc Revenues by Segments

 
Regulated Electric Sales Residential    38.49 % of total Revenue
Regulated Electric Sales Commercial    30.37 % of total Revenue
Regulated Electric Sales Industrial    4.76 % of total Revenue
Regulated Electric Sales Government and Other Retail    7.56 % of total Revenue
Regulated Electric Sales Wholesale    1.05 % of total Revenue
Nonregulated Electric Sales    9.13 % of total Revenue
Regulated Gas Sales Residential    4.22 % of total Revenue
Regulated Gas Sales Commercial    1.3 % of total Revenue
Regulated Gas Sales Other    0.66 % of total Revenue
Regulated Gas Transportation and Storage    0.15 % of total Revenue
Other Regulated Revenue    1.08 % of total Revenue
Other Nonregulated    1.45 % of total Revenue
Virginia Electric and Power Company    67.84 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Residential    30.03 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Commercial    25.2 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Industrial    2.38 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail    7.14 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Wholesale    0.91 % of total Revenue
Virginia Electric and Power Company Nonregulated Electric Sales    0.56 % of total Revenue
Virginia Electric and Power Company Other Regulated Revenue    0.96 % of total Revenue
Virginia Electric and Power Company Other Nonregulated    0.32 % of total Revenue
Renewable Energy Investment Tax Credits    0.25 % of total Revenue
Transition services agreements    0.66 % of total Revenue
Alternative Revenue Programs    0.54 % of total Revenue
Virginia Electric and Power Company Renewable Energy Investment Tax Credits    0.1 % of total Revenue
Virginia Electric and Power Company Alternative Revenue Programs    0.54 % of total Revenue
Adjustments Eliminations    -7.7 % of total Revenue
Dominion Energy Virginia    68.57 % of total Revenue
Dominion Energy Virginia Interrevenue    -0.02 % of total Revenue
Dominion Energy South Carolina    23.33 % of total Revenue
Dominion Energy South Carolina Interrevenue    0.05 % of total Revenue
Contracted Energy    7.53 % of total Revenue
Contracted Energy Interrevenue    0.07 % of total Revenue
Corporate and Other    8.29 % of total Revenue
Corporate and Other Interrevenue    7.61 % of total Revenue
Dominion Energy Virginia Virginia Electric and Power Company    68.55 % of total Revenue
Corporate and Other Virginia Electric and Power Company    -0.71 % of total Revenue

Q1 three months ended (Mar 31 2025)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Regulated Electric Sales Residential 1,569.00 38.49 %
Regulated Electric Sales Commercial 1,238.00 30.37 %
Regulated Electric Sales Industrial 194.00 4.76 %
Regulated Electric Sales Government and Other Retail 308.00 7.56 %
Regulated Electric Sales Wholesale 43.00 1.05 %
Nonregulated Electric Sales 372.00 9.13 %
Regulated Gas Sales Residential 172.00 4.22 %
Regulated Gas Sales Commercial 53.00 1.3 %
Regulated Gas Sales Other 27.00 0.66 %
Regulated Gas Transportation and Storage 6.00 0.15 %
Other Regulated Revenue 44.00 1.08 %
Other Nonregulated 59.00 1.45 %
Virginia Electric and Power Company 2,765.00 67.84 %
Virginia Electric and Power Company Regulated Electric Sales Residential 1,224.00 30.03 %
Virginia Electric and Power Company Regulated Electric Sales Commercial 1,027.00 25.2 %
Virginia Electric and Power Company Regulated Electric Sales Industrial 97.00 2.38 %
Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail 291.00 7.14 %
Virginia Electric and Power Company Regulated Electric Sales Wholesale 37.00 0.91 %
Virginia Electric and Power Company Nonregulated Electric Sales 23.00 0.56 %
Virginia Electric and Power Company Other Regulated Revenue 39.00 0.96 %
Virginia Electric and Power Company Other Nonregulated 13.00 0.32 %
Renewable Energy Investment Tax Credits 10.00 0.25 %
Transition services agreements 27.00 0.66 %
Alternative Revenue Programs 22.00 0.54 %
Virginia Electric and Power Company Renewable Energy Investment Tax Credits 4.00 0.1 %
Virginia Electric and Power Company Alternative Revenue Programs 22.00 0.54 %
Adjustments Eliminations -314.00 -7.7 %
Dominion Energy Virginia 2,795.00 68.57 %
Dominion Energy Virginia Interrevenue -1.00 -0.02 %
Dominion Energy South Carolina 951.00 23.33 %
Dominion Energy South Carolina Interrevenue 2.00 0.05 %
Contracted Energy 307.00 7.53 %
Contracted Energy Interrevenue 3.00 0.07 %
Corporate and Other 338.00 8.29 %
Corporate and Other Interrevenue 310.00 7.61 %
Dominion Energy Virginia Virginia Electric and Power Company 2,794.00 68.55 %
Corporate and Other Virginia Electric and Power Company -29.00 -0.71 %
Total 4,076.00 100 %




Q1 three months ended (Mar 31 2025)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Regulated Electric Sales Residential 14.95 % -
Regulated Electric Sales Commercial 13.16 % -
Regulated Electric Sales Industrial -8.92 % -
Regulated Electric Sales Government and Other Retail 19.84 % -
Regulated Electric Sales Wholesale 19.44 % -
Nonregulated Electric Sales 69.09 % -
Regulated Gas Sales Residential 13.91 % -
Regulated Gas Sales Commercial 10.42 % -
Regulated Gas Sales Other 42.11 % -
Regulated Gas Transportation and Storage 50 % -
Other Regulated Revenue -50 % -
Other Nonregulated 103.45 % -
Virginia Electric and Power Company 11.09 % -
Virginia Electric and Power Company Regulated Electric Sales Residential 16.35 % -
Virginia Electric and Power Company Regulated Electric Sales Commercial 16.57 % -
Virginia Electric and Power Company Regulated Electric Sales Industrial -8.49 % -
Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail 20.75 % -
Virginia Electric and Power Company Regulated Electric Sales Wholesale 27.59 % -
Virginia Electric and Power Company Nonregulated Electric Sales 64.29 % -
Virginia Electric and Power Company Other Regulated Revenue -53.57 % -
Virginia Electric and Power Company Other Nonregulated 30 % -
Renewable Energy Investment Tax Credits 100 % -
Transition services agreements 575 % -
Alternative Revenue Programs -21.43 % -
Virginia Electric and Power Company Renewable Energy Investment Tax Credits 100 % -
Virginia Electric and Power Company Alternative Revenue Programs -21.43 % -
Adjustments Eliminations - -
Dominion Energy Virginia 12.29 % -
Dominion Energy Virginia Interrevenue - -
Dominion Energy South Carolina 6.49 % -
Dominion Energy South Carolina Interrevenue 100 % -
Contracted Energy -0.32 % -
Contracted Energy Interrevenue 50 % -
Corporate and Other 88.83 % -
Corporate and Other Interrevenue 32.48 % -
Dominion Energy Virginia Virginia Electric and Power Company 12.25 % -
Corporate and Other Virginia Electric and Power Company - -
Total 12.22 % -




Q1 three months ended (Mar 31 2025)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 692.00 16.98 %




Q1 three months ended (Mar 31 2025)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total 2.67 % -




Annual Report on Dominion Energy Inc Divisions, Sales by Country

 
Regulated Electric Sales Residential   Regulated Electric Sales Residential Segment contribution to total sales 37.6 % of total Revenue
Regulated Electric Sales Commercial   Regulated Electric Sales Commercial Segment contribution to total sales 32.36 % of total Revenue
Regulated Electric Sales Industrial   Regulated Electric Sales Industrial Segment contribution to total sales 5.84 % of total Revenue
Regulated Electric Sales Government and Other Retail   Regulated Electric Sales Government and Other Retail Segment contribution to total sales 7.48 % of total Revenue
Regulated Electric Sales Wholesale   Regulated Electric Sales Wholesale Segment contribution to total sales 0.94 % of total Revenue
Nonregulated Electric Sales   Nonregulated Electric Sales Segment contribution to total sales 6.45 % of total Revenue
Regulated Gas Sales Residential   Regulated Gas Sales Residential Segment contribution to total sales 2.14 % of total Revenue
Regulated Gas Sales Commercial   Regulated Gas Sales Commercial Segment contribution to total sales 0.94 % of total Revenue
Regulated Gas Sales Other   Regulated Gas Sales Other Segment contribution to total sales 0.46 % of total Revenue
Regulated Gas Transportation and Storage   Regulated Gas Transportation and Storage Segment contribution to total sales 0.15 % of total Revenue
Other Nonregulated   Other Nonregulated Segment contribution to total sales 1.15 % of total Revenue
Virginia Electric and Power Company   Virginia Electric and Power Company Segment contribution to total sales 0.28 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Residential   Virginia Electric and Power Company Regulated Electric Sales Residential Segment contribution to total sales 28.58 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Commercial   Virginia Electric and Power Company Regulated Electric Sales Commercial Segment contribution to total sales 26.18 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Industrial   Virginia Electric and Power Company Regulated Electric Sales Industrial Segment contribution to total sales 2.97 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail   Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail Segment contribution to total sales 7.02 % of total Revenue
Virginia Electric and Power Company Regulated Electric Sales Wholesale   Virginia Electric and Power Company Regulated Electric Sales Wholesale Segment contribution to total sales 0.73 % of total Revenue
Virginia Electric and Power Company Nonregulated Electric Sales   Virginia Electric and Power Company Nonregulated Electric Sales Segment contribution to total sales 0.59 % of total Revenue
Virginia Electric and Power Company Other Nonregulated   Virginia Electric and Power Company Other Nonregulated Segment contribution to total sales 0.32 % of total Revenue
Renewable Energy Investment Tax Credits   Renewable Energy Investment Tax Credits Segment contribution to total sales 0.21 % of total Revenue
Transition services agreements   Transition services agreements Segment contribution to total sales 0.42 % of total Revenue
Alternative Revenue Programs   Alternative Revenue Programs Segment contribution to total sales 0.89 % of total Revenue
Virginia Electric and Power Company Renewable Energy Investment Tax Credits   Virginia Electric and Power Company Renewable Energy Investment Tax Credits Segment contribution to total sales 0.08 % of total Revenue
Virginia Electric and Power Company Alternative Revenue Programs   Virginia Electric and Power Company Alternative Revenue Programs Segment contribution to total sales 0.89 % of total Revenue
Other Regulated   Other Regulated Segment contribution to total sales 2.57 % of total Revenue
Virginia Electric and Power Company Other Regulated   Virginia Electric and Power Company Other Regulated Segment contribution to total sales 2.48 % of total Revenue


Twelve months ended 2024
D s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Regulated Electric Sales Residential 5,436.00 37.6 %
Regulated Electric Sales Commercial 4,679.00 32.36 %
Regulated Electric Sales Industrial 845.00 5.84 %
Regulated Electric Sales Government and Other Retail 1,081.00 7.48 %
Regulated Electric Sales Wholesale 136.00 0.94 %
Nonregulated Electric Sales 933.00 6.45 %
Regulated Gas Sales Residential 309.00 2.14 %
Regulated Gas Sales Commercial 136.00 0.94 %
Regulated Gas Sales Other 67.00 0.46 %
Regulated Gas Transportation and Storage 21.00 0.15 %
Other Nonregulated 167.00 1.15 %
Virginia Electric and Power Company 40.00 0.28 %
Virginia Electric and Power Company Regulated Electric Sales Residential 4,133.00 28.58 %
Virginia Electric and Power Company Regulated Electric Sales Commercial 3,786.00 26.18 %
Virginia Electric and Power Company Regulated Electric Sales Industrial 429.00 2.97 %
Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail 1,015.00 7.02 %
Virginia Electric and Power Company Regulated Electric Sales Wholesale 105.00 0.73 %
Virginia Electric and Power Company Nonregulated Electric Sales 86.00 0.59 %
Virginia Electric and Power Company Other Nonregulated 46.00 0.32 %
Renewable Energy Investment Tax Credits 31.00 0.21 %
Transition services agreements 61.00 0.42 %
Alternative Revenue Programs 129.00 0.89 %
Virginia Electric and Power Company Renewable Energy Investment Tax Credits 12.00 0.08 %
Virginia Electric and Power Company Alternative Revenue Programs 129.00 0.89 %
Total 14,459.00 100 %
Other Regulated 372.00 2.57 %
Virginia Electric and Power Company Other Regulated 359.00 2.48 %


Twelve months ended 2024
D s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 2,071.00 14.32 %

Twelve months ended 2024
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Regulated Electric Sales Residential 5.74 % -
Regulated Electric Sales Commercial 2.7 % -
Regulated Electric Sales Industrial -4.74 % -
Regulated Electric Sales Government and Other Retail 4.34 % -
Regulated Electric Sales Wholesale -22.73 % -
Nonregulated Electric Sales 23.09 % -
Regulated Gas Sales Residential 5.46 % -
Regulated Gas Sales Commercial -6.21 % -
Regulated Gas Sales Other -15.19 % -
Regulated Gas Transportation and Storage 16.67 % -
Other Nonregulated 15.17 % -
Virginia Electric and Power Company 2.56 % -
Virginia Electric and Power Company Regulated Electric Sales Residential 6.99 % -
Virginia Electric and Power Company Regulated Electric Sales Commercial 4.24 % -
Virginia Electric and Power Company Regulated Electric Sales Industrial -2.5 % -
Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail 5.18 % -
Virginia Electric and Power Company Regulated Electric Sales Wholesale -9.48 % -
Virginia Electric and Power Company Nonregulated Electric Sales 32.31 % -
Virginia Electric and Power Company Other Nonregulated -13.21 % -
Renewable Energy Investment Tax Credits -29.55 % -
Transition services agreements 238.89 % -
Alternative Revenue Programs -20.37 % -
Virginia Electric and Power Company Renewable Energy Investment Tax Credits -58.62 % -
Virginia Electric and Power Company Alternative Revenue Programs -20.37 % -
Total 0.46 % 3.86 %
Other Regulated 47.04 % -
Virginia Electric and Power Company Other Regulated 50.84 % -



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