UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM 8-K


CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of report (Date of earliest event reported) August 1, 2018

Dominion Energy, Inc.
(Exact Name of Registrant as Specified in Its Charter)


Virginia
(State or other jurisdiction
of incorporation)
001-08489
(Commission
File Number)
54-1229715
(IRS Employer
Identification No.)


120 Tredegar Street
Richmond, Virginia
(Address of Principal Executive Offices)

23219
(Zip Code)


Registrant's Telephone Number, Including Area Code (804) 819-2000


(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02  Results of Operations and Financial Condition

On August 1, 2018, Dominion Energy, Inc. issued a press release announcing preliminary unaudited earnings for the three months ended June 30, 2018.  The press release and related preliminary earnings tables are furnished with this Form 8-K as Exhibit 99.

Item 9.01 Financial Statements and Exhibits.

Exhibit
 
99




SIGNATURE




 Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DOMINION ENERGY, INC.
Registrant
 
/s/ Carter M. Reid
Carter M. Reid
Executive Vice President, Chief Administrative &
Compliance Officer and Corporate Secretary
 

Date:  August 1, 2018


                     August 1, 2018


Dominion Energy Announces Second-Quarter 2018 Earnings
 
·
Second-quarter 2018 reported earnings of $0.69 per share
·
Second-quarter 2018 operating earnings of $0.86 per share
·
Reaffirm full-year 2018 operating earnings guidance of $3.80 to $4.25 per share

RICHMOND, Va. – Dominion Energy (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended June 30, 2018, of $449 million ($0.69 per share) compared with earnings of $390 million ($0.62 per share) for the same period in 2017.

Operating earnings for the three months ended June 30, 2018, were $560 million ($0.86 per share), compared with operating earnings of $421 million ($0.67 per share) for the same period in 2017.  Operating earnings are defined as reported earnings adjusted for certain items.

The principal differences between reported earnings and operating earnings for the quarter were an update of expected coal ash remediation costs related to Virginia legislation and the impact on prior years' results from a FERC capitalization review.

Dominion Energy uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors.  Dominion Energy also uses operating earnings internally for budgeting, for reporting to the Board of Directors, for the company's incentive compensation plans and for its targeted dividend payouts and other purposes. Dominion Energy management believes operating earnings provide a more meaningful representation of the company's fundamental earnings power.

Thomas F. Farrell, II, chairman, president and chief executive officer, said:

"Our second-quarter results were very strong and came in above the top end of our guidance range of $0.70 to $0.80. With two strong quarters of financial and operating results in 2018, we affirm our expectation to produce operating earnings that are in the top half of our annual guidance range of $3.80 and $4.25 per share.

"We are delighted that the Cove Point Liquefaction project achieved commercial in-service early during the second quarter and since then has delivered 19 commercial cargoes representing over 60 billion cubic feet of liquefied natural gas for our customers.

"Construction of the 1,588-megawatt Greensville County combined-cycle power station continues on time and on budget.   The project is approximately 95 percent complete and is expected to begin commercial operations in late 2018.

"We have begun full construction in numerous portions of the Atlantic Coast Pipeline and the Supply Header Project, including construction of compressor stations and other facilities.  Both projects remain on schedule for completion in late 2019."
 
Second-Quarter 2018 Reported and Operating Earnings Compared to 2017
Reported earnings increased seven cents per share as compared to second-quarter 2017.  Business segment results and detailed descriptions of items included in reported earnings but excluded from operating earnings can be found on schedules 1, 2, and 3 of this release.

Operating earnings increased 19 cents per share as compared to second-quarter 2017 per share operating earnings.   The increase is primarily attributable to normal weather in our regulated service territory, the absence of a refueling outage at the Millstone Power Station, the commercial operation of the Cove Point Liquefaction project, and the impact of tax reform.  Factors offsetting the increase include lower renewable energy investment tax credits, higher electric capacity expense, financing costs and share count.

Details of second-quarter operating earnings as compared to 2017 may be found on Schedule 4 of this release.

Third-Quarter 2018 Operating Earnings Guidance
Dominion Energy expects third-quarter 2018 operating earnings in the range of $0.95-$1.15 per share, compared to third-quarter 2017 operating earnings of $1.04 per share.  Positive drivers include commercial operation of the Cove Point Liquefaction project and the benefit of tax reform. The company expects negative drivers for the quarter to include lower renewable energy investment tax credits, higher financing costs and share count.

In providing its operating earnings guidance, the company notes that there could be differences between expected reported earnings and estimated operating earnings for matters such as, but not limited to, acquisitions, divestitures or changes in accounting principles. At this time, Dominion Energy management is not able to estimate the aggregate impact of these items on future period reported earnings.

Conference Call Today
The company will host its second-quarter earnings conference call at 10 a.m. ET on Wednesday, Aug. 1, 2018.  Management will discuss second-quarter financial results and other matters of interest to the financial community.

Domestic callers should dial (877) 410-5657.   International callers should dial (334) 323-9872.  The passcode for the conference call is "Dominion."  Participants should dial in 10 to 15 minutes prior to the scheduled start time.  Members of the media also are invited to listen.

A live webcast of the conference call, including accompanying slides, and other financial information will be available on the investor information pages at investors.dominionenergy.com.

A replay of the conference call will be available beginning about 1 p.m. ET Aug. 1 and lasting until 11 p.m. ET Aug. 8.  Domestic callers may access the recording by dialing (877) 919-4059.  International callers should dial (334) 323-0140.  The PIN for the replay is 54257608.  Additionally, a replay of the webcast will be available on the investor information pages by the end of the day Aug. 1.

Nearly 6 million customers in 19 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D). The company is committed to sustainable, reliable, affordable, and safe energy and is one of the nation's largest producers and transporters of energy with over $78 billion of assets providing electric generation, transmission and distribution, as well as natural gas storage, transmission, distribution, and import/export services.  As one of the nation's leading solar operators, the company intends to reduce its carbon intensity 50 percent by 2030. Headquartered in Richmond, Va., Dominion Energy contributes more than $20 million annually to the communities it serves and actively supports veterans and their families. Please visit www.DominionEnergy.com, Facebook or Twitter to learn more.

This release contains certain forward-looking statements, including forecasted operating earnings for third-quarter and full-year 2018 and beyond which are subject to various risks and uncertainties.  Factors that could cause actual results to differ include, but are not limited to: unusual weather conditions and their effect on energy sales to customers and energy commodity prices; extreme weather events and other natural disasters; federal, state and local legislative and regulatory developments; changes to federal, state and local environmental laws and regulations, including proposed carbon regulations; cost of environmental compliance; changes in enforcement practices of regulators relating to environmental standards and litigation exposure for remedial activities; capital market conditions, including the availability of credit and the ability to obtain financing on reasonable terms; fluctuations in interest rates; changes in rating agency requirements or credit ratings and their effect on availability and cost of capital; impacts of acquisitions, divestitures, transfers of assets by Dominion Energy to joint ventures or to Dominion Energy Midstream Partners, and retirements of assets based on asset portfolio reviews; the expected timing and likelihood of completion of the proposed acquisition of SCANA Corporation, including the timing, receipt and terms and conditions of  required regulatory approvals; receipt of approvals for, and timing of, closing dates for other acquisitions and divestitures; the execution of Dominion Energy Midstream Partners' growth strategy; changes in demand for Dominion Energy's services; additional competition in Dominion Energy's industries; changes to regulated rates collected by Dominion Energy; changes in operating, maintenance and construction costs; timing and receipt of regulatory approvals necessary for planned construction or expansion projects and compliance with conditions associated with such regulatory approvals; the inability to complete planned construction projects within time frames initially anticipated; and the ability of Dominion Energy Midstream Partners to negotiate, obtain necessary approvals and consummate acquisitions from Dominion Energy and third-parties, and the impacts of such acquisitions.   Other risk factors are detailed from time to time in Dominion Energy's and Dominion Energy Midstream Partners' quarterly reports on Form 10-Q or most recent annual report on Form 10-K filed with the Securities and Exchange Commission.
#####

CONTACTS:      Media: Ryan Frazier, (804) 819-2521 or C.Ryan.Frazier@dominionenergy.com
                             Financial analysts: Steven Ridge, (804) 929-6865 or Steven.D.Ridge@dominionenergy.com
 
 

 
Dominion Energy, Inc.
Consolidated Statements of Income*
Unaudited (GAAP Based)
(millions, except per share amounts)
                 
   
Three Months Ended
June 30,
Six Months Ended
June 30,
   
2018
 
2017
 
2018
 
2017
(millions, except per share amounts)
               
Operating Revenue
 
 $    3,088
 
 $    2,813
 
 $   6,554
 
 $   6,197
Operating Expenses
               
Electric fuel and other energy-related purchases
 
  623
 
  498
 
  1,367
 
  1,073
Purchased (excess) electric capacity
 
  23
 
  (12)
 
  37
 
  (29)
Purchased gas
 
  64
 
  112
 
  404
 
  417
Other operations and maintenance
 
  1,007
 
  827
 
  1,803
 
  1,611
Depreciation, depletion and amortization
 
  463
 
  467
 
  961
 
  936
Other taxes
 
  166
 
  168
 
  365
 
  357
    Total operating expenses
 
  2,346
 
  2,060
 
  4,937
 
  4,365
Income from operations
 
  742
 
  753
 
  1,617
 
  1,832
Other income
 
  185
 
  108
 
  285
 
  270
Interest and related charges
 
  361
 
  308
 
  675
 
  600
Income from operations including noncontrolling interests before income tax expense
  566
 
  553
 
  1,227
 
  1,502
Income tax expense
 
  88
 
  136
 
  223
 
  411
Net Income Including Noncontrolling Interests
 
  478
 
  417
 
  1,004
 
  1,091
Noncontrolling Interests
 
  29
 
  27
 
  52
 
  69
Net Income Attributable to Dominion Energy
 
 $        449
 
 $        390
 
 $       952
 
 $   1,022
Earnings Per Common Share
               
Net income attributable to Dominion Energy - Basic
 
 $      0.69
 
 $       0.62
 
 $      1.46
 
 $     1.63
Net income attributable to Dominion Energy - Diluted
 
  0.69
 
  0.62
 
  1.46
 
  1.63
Dividends Declared Per Common Share
 
 $ 0.8350
 
 $  0.7550
 
 $   1.670
 
 $   1.510
                 
* The notes contained in Dominion Energy's most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.
 
 

 
Schedule 1 - Segment Reported and Operating Earnings
         
                 
Unaudited
             
(millions, except earnings per share)
Three months ended June 30,
       
2018
 
2017
 
Change
                 
REPORTED EARNINGS 1
 $          449
 
 $          390
 
 $            59
                 
 
Pre-tax loss (income) 2
             145
 
               47
 
               98
 
Income tax 2
(34)
 
(16)
 
              (18)
Adjustments to reported earnings
111
 
31
 
80
                 
OPERATING EARNINGS
 $          560
 
 $          421
 
 $          139
 
By segment:
         
 
Power Delivery
             145
 
             127
 
               18
 
Power Generation
276
 
240
 
               36
 
Gas Infrastructure
249
 
163
 
               86
 
Corporate and Other
(110)
 
(109)
 
                (1)
       
 $          560
 
 $          421
 
 $          139
                 
Earnings Per Share (EPS):
         
REPORTED EARNINGS 1
 $         0.69
 
 $         0.62
 
 $         0.07
Adjustments to reported earnings (after tax)
            0.17
 
            0.05
 
            0.12
OPERATING EARNINGS
 $         0.86
 
 $         0.67
 
 $         0.19
 
By segment:
         
 
Power Delivery
            0.23
 
            0.20
 
            0.03
 
Power Generation
            0.42
 
            0.38
 
            0.04
 
Gas Infrastructure
            0.38
 
            0.26
 
            0.12
 
Corporate and Other
           (0.17)
 
           (0.17)
 
                -
       
 $         0.86
 
 $         0.67
 
 $         0.19
                 
Common Shares Outstanding (average, diluted)
653.1
 
629.2
   
                 
(millions, except earnings per share)
Six months ended June 30,
       
2018
 
2017
 
Change
                 
REPORTED EARNINGS 1
 $          952
 
 $       1,022
 
 $           (70)
                 
 
Pre-tax loss (income) 2
             450
 
               16
 
             434
 
Income tax 2
(101)
 
(6)
 
              (95)
Adjustments to reported earnings
349
 
10
 
339
                 
OPERATING EARNINGS
 $       1,301
 
 $       1,032
 
 $          269
 
By segment:
         
 
Power Delivery
             301
 
             252
 
               49
 
Power Generation
624
 
501
 
             123
 
Gas Infrastructure
576
 
426
 
             150
 
Corporate and Other
(200)
 
(147)
 
              (53)
       
 $       1,301
 
 $       1,032
 
 $          269
                 
Earnings Per Share (EPS):
         
REPORTED EARNINGS 1
 $         1.46
 
 $         1.63
 
 $        (0.17)
Adjustments to reported earnings (after tax)
            0.54
 
            0.01
 
            0.53
OPERATING EARNINGS
 $         2.00
 
 $         1.64
 
 $         0.36
 
By segment:
         
 
Power Delivery
            0.46
 
            0.40
 
            0.06
 
Power Generation
            0.96
 
            0.80
 
            0.16
 
Gas Infrastructure
            0.88
 
            0.68
 
            0.20
 
Corporate and Other
           (0.30)
 
           (0.24)
 
           (0.06)
       
 $         2.00
 
 $         1.64
 
 $         0.36
                 
Common Shares Outstanding (average, diluted)
651.8
 
628.7
   
                 
1)
Determined in accordance with Generally Accepted Accounting Principles (GAAP).
 
2)
Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings.  Refer to Schedules 2 and 3 for details, or find "GAAP Reconciliation" in the Earnings Release Kit on Dominion Energy's website at www.dominionenergy.com/investors.
 
 
 

 
Schedule 2 - Reconciliation of 2018 Operating Earnings to Reported Earnings

2018 Earnings (Six months ended June 30, 2018)

The  $450 million pre-tax net effect of the adjustments included in 2018 reported earnings, but excluded from operating earnings, is primarily related to the following items:

·
$215 million charge associated with Virginia legislation enacted in March that requires one-time rate credits of certain amounts to utility customers.
·
$122 million charge associated with disallowance of FERC-regulated plant.
·
$81 million charge associated with the asset retirement obligations for ash ponds and landfills at certain utility generation facilities in connection with the enactment of Virginia legislation in April.
·
$31 million of restoration costs associated with Winter Storm Riley primarily affecting our Virginia service territory.
·
$25 million of transaction and transition costs associated with the Dominion Energy Questar combination and the proposed acquisition of SCANA Corporation.
·
$31 million benefit associated with retroactive application of depreciation rates for regulated nuclear plants to comply with the Virginia Commission requirements.
·
$7 million net gain related to our investments in nuclear decommissioning trust funds.
 
               
(millions, except per share amounts)
1Q18
2Q18
3Q18
4Q18
YTD 2018
2
Reported earnings
$503
$449
   
$952
 
Adjustments to reported earnings 1:
           
    Pre-tax loss (income)
305
145
   
450
 
    Income tax benefit
(67)
(34)
   
(101)
 
   
238
111
   
349
 
Operating earnings
$741
$560
   
$1,301
 
Common shares outstanding (average, diluted)
650.5
653.1
   
651.8
 
Reported earnings per share
$0.77
$0.69
   
$1.46
 
Adjustments to reported earnings (after-tax)
0.37
0.17
   
0.54
 
Operating earnings per share
$1.14
$0.86
   
$2.00
 
               
1) Adjustments to reported earnings are reflected in the following table:
           
   
1Q18
2Q18
3Q18
4Q18
YTD 2018
 
Pre-tax loss (income):
           
    Impact of Virginia rate legislation
215
     
215
 
    FERC-regulated plant disallowance
 
122
   
122
 
    Future ash pond and landfill closure costs
 
81
   
81
 
    Storm costs
31
     
31
 
    Merger-related transaction and transition costs
16
9
   
25
 
    VA depreciation revision
 
(31)
   
(31)
 
    Net (gain) loss on NDT funds
43
(50)
   
(7)
 
    Other
 
14
   
14
 
               
   
$305
$145
   
$450
 
Income tax expense (benefit):
           
   Tax effect of above adjustments to reported earnings *
(67)
(34)
   
(101)
 
               
   
($67)
($34)
   
($101)
 
               
* Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate.  For interim reporting purposes, such amounts may be adjusted in connection with the calculation of the Company's year-to-date income tax provision based on its estimated  annual effective tax rate.
               
2) YTD EPS may not equal sum of quarters due to share count difference.
           
 
 

 
Schedule 3 - Reconciliation of 2017 Operating Earnings to Reported Earnings

2017 Earnings (Twelve months ended December 31, 2017)

The  $235 million pre-tax net effect of the adjustments included in 2017 reported earnings, but excluded from operating earnings, is primarily related to the following items:

·
$158 million of impairment charges associated with our equity method investments in wind-powered generation facilities.
·
$72 million of transaction and transition costs, primarily associated with the Dominion Energy Questar combination.
·
$46 million net gain related to our investments in nuclear decommissioning trust funds.

The 2017 Tax Reform Act reduced the corporate income tax rate from 35% to 21%.  Dominion Energy recognized $851 million of tax benefits resulting from the re-measurement of deferred income taxes to the new corporate income tax rate.
 
               
(millions, except per share amounts)
1Q17
2Q17
3Q17
4Q17
YTD 2017
2
Reported earnings
$632
$390
$665
$1,312
$2,999
 
Adjustments to reported earnings 1:
           
    Pre-tax loss (income)
(31)
47
12
207
235
 
    Income tax
10
(16)
(5)
(934)
(945)
 
   
(21)
31
7
(727)
(710)
 
Operating earnings
$611
$421
$672
$585
$2,289
 
Common shares outstanding (average, diluted)
628.1
629.2
642.5
643.9
636.0
 
Reported earnings per share
$1.01
$0.62
$1.03
$2.04
$4.72
 
Adjustments to reported earnings (after-tax)
(0.04)
0.05
0.01
(1.13)
(1.12)
 
Operating earnings per share
$0.97
$0.67
$1.04
$0.91
$3.60
 
               
1) Adjustments to reported earnings are reflected in the following table:
           
   
1Q17
2Q17
3Q17
4Q17
YTD 2017
 
Pre-tax loss (income):
           
    Impairments of equity method investments
     
158
158
 
    Merger-related transaction & transition costs
3
20
16
33
72
 
    Net gain on NDT funds
(34)
(3)
(4)
(5)
(46)
 
    Other
 
30
 
21
51
 
               
   
($31)
$47
$12
$207
$235
 
Income tax expense (benefit):
           
   Tax effect of above adjustments to reported earnings *
10
(16)
(5)
(83)
(94)
 
   Re-measurement of Deferred Tax Balances **
     
(851)
(851)
 
               
   
$10
($16)
($5)
($934)
($945)
 
               
* Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, such amounts may be adjusted in connection with the calculation of the Company's year-to-date income tax provision based on its estimated annual effective tax rate.
               
** Federal tax reform, enacted in December 2017, reduced the corporate income tax rate from 35% to 21%, effective 1/1/2018. Deferred taxes are required to be measured at the enacted rate in effect when they are expected to reverse.  As a result, deferred taxes were re-measured to the 21% rate.  For regulated entities, where the reduction in deferred taxes is expected to be recovered or refunded in future rates, the adjustment was recorded to a regulatory asset or liability instead of income tax expense.
               
2) YTD EPS may not equal sum of quarters due to share count differences
           
 

Schedule 4 - Reconciliation of 2Q18 Earnings to 2Q17
           
               
Preliminary, Unaudited
Three Months Ended
June 30,
2018 vs. 2017
Increase / (Decrease)
 
Six Months Ended
June 30,
2018 vs. 2017
Increase / (Decrease)
(millions, except EPS)
 
     
     
Reconciling Items
Amount
 
EPS
 
Amount
EPS
               
Change in reported earnings (GAAP)
$59
 
$0.07
 
($70)
($0.17)
               
 
Change in Pre-tax loss (income) 1
98
     
434
 
 
Change in Income tax 1
(18)
     
(95)
 
Adjustments to reported earnings
$80
 
$0.12
 
$339
$0.53
               
Change in consolidated operating earnings
$139
 
$0.19
 
$269
$0.36
               
Power Delivery 2
           
 
Regulated electric sales:
           
 
  Weather
$8
 
$0.01
 
$22
$0.03
 
  Other
12
 
0.02
 
16
0.03
 
FERC Transmission equity return
1
 
 -
 
5
0.01
 
Tax reform impacts
0
 
 -
 
0
 -
 
Other
(3)
 
 -
 
6
0.01
 
Share dilution
              -
 
 -
 
 -
(0.02)
 
Change in contribution to operating earnings
$18
 
$0.03
 
$49
$0.06
               
Power Generation 2
           
 
Regulated electric sales:
           
 
  Weather
$13
 
$0.02
 
$41
$0.06
 
  Other
2
 
 -
 
(7)
(0.01)
 
Merchant generation margin
33
 
0.06
 
94
0.15
 
Planned outage costs
36
 
0.06
 
40
0.06
 
Electric capacity
(20)
 
(0.03)
 
(38)
(0.06)
 
Renewable energy investment tax credits
(55)
 
(0.09)
 
(55)
(0.09)
 
Tax reform impacts
9
 
0.01
 
32
0.05
 
Other
18
 
0.03
 
16
0.03
 
Share dilution
              -
 
(0.02)
 
              -
(0.03)
 
Change in contribution to operating earnings
$36
 
$0.04
 
$123
$0.16
               
Gas Infrastructure 2
           
 
Farmout transactions
$4
 
$0.01
 
$36
$0.06
 
Transportation and storage growth projects
10
 
0.02
 
18
0.03
 
Cove Point
68
 
0.11
 
58
0.09
 
Tax reform impacts
28
 
0.04
 
60
0.09
 
Interest
(27)
 
(0.04)
 
(28)
(0.05)
 
Other
3
 
 -
 
6
0.01
 
Share dilution
              -
 
(0.02)
 
 -
(0.03)
 
Change in contribution to operating earnings
$86
 
$0.12
 
$150
$0.20
               
Corporate and Other 2
           
 
Renewable energy investment tax credits
$20
 
$0.03
 
($15)
($0.02)
 
Tax reform impacts
(20)
 
(0.03)
 
(39)
(0.06)
 
Interest expense, other, and share dilution
(1)
 
 -
 
1
0.02
 
Change in contribution to operating earnings
($1)
 
$0.00
 
($53)
($0.06)
               
               
Change in consolidated operating earnings
$139
 
$0.19
 
$269
$0.36
               
Change in adjustments included in reported earnings1
($80)
 
($0.12)
 
($339)
($0.53)
               
Change in consolidated reported earnings
$59
 
$0.07
 
($70)
($0.17)
               
               
1)
Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings.
Refer to Schedules 2 and 3 for details, or find "GAAP Reconciliation" in the Earnings Release Kit on Dominion Energy's website at www.dominionenergy.com/investors.
 
 
2)
For period over period comparability reconciling items tax effected using a 35% federal tax rate.
Segment specific tax reform impacts outlined as individual reconciling items.
 
 
Note: Figures may not add due to rounding