Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

Note 7. Earnings Per Share

The following table presents the calculation of Dominion's basic and diluted EPS:

	Three Months Ended June 30,				Six Months Ended June 30,
	2011		2010		2011		2010
(millions, except EPS)
Net income attributable to Dominion	$	336	$	1,761	$	815	$	1,935
Average shares of common stock outstanding – Basic		573.4		590.4		576.6		595.1
Net effect of potentially dilutive securities(1)		1.8		1.0		1.3		1.0
Average shares of common stock outstanding – Diluted		575.2		591.4		577.9		596.1
Earnings Per Common Share – Basic	$	0.59	$	2.98	$	1.41	$	3.25
Earnings Per Common Share – Diluted	$	0.58	$	2.98	$	1.41	$	3.25

(1) Potentially dilutive securities consist of options, goal-based stock and contingently convertible senior notes.

There were no potentially dilutive securities excluded from the calculation of diluted EPS for the three and six months ended June 30, 2011 and 2010.