D · 10-Q · 2026Q3 · Full report

Operating Expense Trends

DOMINION ENERGY, INC · 2026-10-30 · Importance 36 · Surprise 40

Year-to-date other operations and maintenance expense increased 16%, including $100 million of Virginia Power expenditures primarily recoverable through regulated rates, $81 million for renewable natural gas projects placed in service in late 2025, $53 million in salaries and benefits, and $50 million in outside services. Third-quarter O&M increased 26%, including $25 million in storm damage and restoration costs and $23 million in costs associated with the proposed NextEra Energy Merger. Year-to-date depreciation and amortization increased 11%, primarily because projects were placed in service. Year-to-date electric fuel and other energy-related purchases rose 39%, mainly due to $1.2 billion of higher electric utility commodity costs, while purchased electric capacity increased $192 million, primarily from PJM capacity markets.

Key facts

• Dominion Energy's third-quarter 2026 other operations and maintenance expense increased 26%, including $23 million of costs associated with the proposed NextEra Energy Merger.
• Dominion Energy's year-to-date 2026 other operations and maintenance expense increased 16%, including $81 million from renewable natural gas projects placed in service in late 2025 and $34 million in costs associated with the proposed NextEra Energy Merger.
• Dominion Energy's year-to-date other operations and maintenance expense included $34 million in merger-related costs associated with the proposed NextEra Energy Merger.
• Dominion Energy's year-to-date purchased electric capacity expense increased $192 million, including $162 million from annual PJM capacity markets at Virginia Power and $20 million from clean energy rider costs.