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Consolidated Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenue $ 3,341 $ 3,333 $ 7,398 $ 7,501
Operating Expenses        
Electric fuel and other energy-related purchases 978 956 2,027 1,984
Purchased electric capacity 116 109 235 217
Purchased gas 365 391 1,007 1,183
Other operations and maintenance 777 853 1,638 1,921
Depreciation, depletion and amortization 255 262 517 531
Other taxes 125 119 286 288
Total operating expenses 2,616 2,690 5,710 6,124
Gain on sale of Appalachian E&P operations   2,467   2,467
Income from operations 725 3,110 1,688 3,844
Other income (loss) 39 (25) 96 46
Interest and related charges 216 188 443 371
Income from continuing operations including noncontrolling interests before income tax expense 548 2,897 1,341 3,519
Income tax expense 208 1,134 518 1,429
Income from continuing operations including noncontrolling interests 340 1,763 823 2,090
Income (loss) from discontinued operations   2 [1]   (147) [1]
Net Income Including Noncontrolling Interests 340 1,765 823 1,943
Noncontrolling interests 4 4 8 8
Net Income 336 1,761 815 1,935
Amounts Attributable to Dominion:        
Income from continuing operations, net of tax 336 1,759 815 2,082
Income (loss) from discontinued operations, net of tax   2   (147)
Net Income 336 1,761 815 1,935
Earnings Per Common Share - Basic        
Income from continuing operations $ 0.59 $ 2.98 $ 1.41 $ 3.50
Loss from discontinued operations       $ (0.25)
Net income attributable to Dominion $ 0.59 $ 2.98 $ 1.41 $ 3.25
Earnings Per Common Share - Diluted        
Income from continuing operations $ 0.58 $ 2.98 $ 1.41 $ 3.50
Loss from discontinued operations       $ (0.25)
Net income attributable to Dominion $ 0.58 $ 2.98 $ 1.41 $ 3.25
Dividends declared per common share $ 0.4925 $ 0.4575 $ 0.9850 $ 0.9150
Virginia Electric and Power Company [Member]
       
Operating Revenue 1,757 1,711 3,514 3,450
Operating Expenses        
Electric fuel and other energy-related purchases 583 589 1,176 1,221
Purchased electric capacity 116 108 234 215
Affiliated suppliers 77 88 150 208
Other 279 229 508 628
Depreciation, depletion and amortization 175 165 349 328
Other taxes 56 53 115 117
Total operating expenses 1,286 1,232 2,532 2,717
Income from operations 471 479 982 733
Other income (loss) 10 28 39 42
Interest and related charges 84 83 176 171
Income from continuing operations including noncontrolling interests before income tax expense 397 424 845 604
Income tax expense 156 157 326 242
Net Income 241 267 519 362
Preferred dividends 4 4 8 8
Balance available for common stock 237 263 511 354
Amounts Attributable to Dominion:        
Net Income $ 241 $ 267 $ 519 $ 362
[1] Includes income tax expense of $1 million and $13 million for the three and six months ended June 30, 2010, respectively.