Employee Benefit Plans

6 Months Ended

Jun. 30, 2011

Employee Benefit Plans

Note 18. Employee Benefit Plans

The components of Dominion's provision for net periodic benefit cost were as follows:

	Pension Benefits						Other Postretirement Benefits
	2011			2010			2011			2010
(millions)
Three Months Ended June 30,
Service cost	$	27		$	25		$	12		$	14
Interest cost		65			68			24			25
Expected return on plan assets		(111	)		(106	)		(19	)		(18	)
Amortization of prior service cost (credit)		1			1			(4	)		(1	)
Amortization of net loss		24			15			3			3
Settlements and curtailments		—			—			(1	)		(1	)
Special termination benefits		—			1			—			—
Net periodic benefit cost	$	6		$	4		$	15		$	22
Six Months Ended June 30,
Service cost	$	54		$	52		$	24		$	28
Interest cost		129			134			47			50
Expected return on plan assets		(221	)		(205	)		(39	)		(35	)
Amortization of prior service cost (credit)		2			2			(7	)		(3	)
Amortization of net loss		48			30			6			6
Settlements and curtailments(1)		—			84			(1	)		37
Special termination benefits(2)		—			10			—			1
Net periodic benefit cost	$	12		$	107		$	30		$	84

(1) 2010 amounts relate to the sale of Peoples and a workforce reduction program.

(2) Represents a one-time special termination benefit for certain employees in connection with a workforce reduction program.

Employer Contributions

During the six months ended June 30, 2011, Dominion made no contributions to its defined benefit pension plans or OPEB plans. Dominion expects to contribute approximately $18 million to its OPEB plans through Voluntary Employees' Beneficiary Associations during the remainder of 2011.

Virginia Electric and Power Company [Member]

Employee Benefit Plans

Note 18. Employee Benefit Plans

The components of Dominion's provision for net periodic benefit cost were as follows:

	Pension Benefits						Other Postretirement Benefits
	2011			2010			2011			2010
(millions)
Three Months Ended June 30,
Service cost	$	27		$	25		$	12		$	14
Interest cost		65			68			24			25
Expected return on plan assets		(111	)		(106	)		(19	)		(18	)
Amortization of prior service cost (credit)		1			1			(4	)		(1	)
Amortization of net loss		24			15			3			3
Settlements and curtailments		—			—			(1	)		(1	)
Special termination benefits		—			1			—			—
Net periodic benefit cost	$	6		$	4		$	15		$	22
Six Months Ended June 30,
Service cost	$	54		$	52		$	24		$	28
Interest cost		129			134			47			50
Expected return on plan assets		(221	)		(205	)		(39	)		(35	)
Amortization of prior service cost (credit)		2			2			(7	)		(3	)
Amortization of net loss		48			30			6			6
Settlements and curtailments(1)		—			84			(1	)		37
Special termination benefits(2)		—			10			—			1
Net periodic benefit cost	$	12		$	107		$	30		$	84

(1) 2010 amounts relate to the sale of Peoples and a workforce reduction program.

(2) Represents a one-time special termination benefit for certain employees in connection with a workforce reduction program.

Employer Contributions

During the six months ended June 30, 2011, Dominion made no contributions to its defined benefit pension plans or OPEB plans. Dominion expects to contribute approximately $18 million to its OPEB plans through Voluntary Employees' Beneficiary Associations during the remainder of 2011.