The following table should be read in conjunction with the Consolidated Financial Statements included in Item 8. Financial Statements and Supplementary Data.
Beginning in 2019, Dominion Energy’s result of operations will include the results of operations of SCANA. Additionally, in connection with the SCANA Combination, SCE&G will provide refunds and restitution of $2.0 billion over 20 years with capital support from Dominion Energy as well as exclude from rate recovery $2.4 billion of costs related to the NND Project and $180 million of costs associated with the purchase of the Columbia Energy Center power station. See Note 3 to the Consolidated Financial Statements for further information including charges expected to be recognized in the first quarter of 2019.
DOMINION ENERGY
Year Ended December 31,
2018(1)
2017(2)
2016(3)
2015
2014(4)
(millions, except per share amounts)
Operating revenue
$
13,366
$
12,586
$
11,737
$
11,683
$
12,436
Net income attributable to Dominion Energy
2,447
2,999
2,123
1,899
1,310
Net income attributable to Dominion Energy per common share-basic
3.74
4.72
3.44
3.21
2.25
Net income attributable to Dominion Energy per common share-diluted
3.74
4.72
3.44
3.20
2.24
Dividends declared per common share
3.340
3.035
2.80
2.59
2.40
Total assets
77,914
76,585
71,610
58,648
54,186
Long-term debt(5)
31,144
30,948
30,231
23,468
21,665
(1)
Includes $568 million after-tax gains on sales of certain merchant generation facilities and equity method investments partially offset by $164 million after-tax charge related to the impairment of certain gathering and processing assets and a $160 million after-tax charge associated with Virginia legislation enacted in March 2018 that required one-time rate credits of certain amounts to utility customers.
(2)
Includes $851 million of tax benefits resulting from the remeasurement of deferred income taxes to the new corporate income tax rate, partially offset by $96 million of after-tax charges associated with equity method investments in wind-powered generation facilities.
(3)
Includes a $122 million after-tax charge related to future ash pond and landfill closure costs at certain utility generation facilities.
(4)
Includes $248 million of after-tax charges associated with Virginia legislation enacted in April 2014 relating to the development of a third nuclear unit located at North Anna and offshore wind facilities, a $193 million after-tax charge related to Dominion Energy’s restructuring of its producer services business and a $174 million after-tax charge associated with the Liability Management Exercise.
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