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Fair Value Measurements (Financial Instruments' Carrying Amounts and Fair Values) (Details) (USD $)
In Millions
6 Months Ended 12 Months Ended
Jun. 30, 2011
Dec. 31, 2010
Junior subordinated notes payable to affiliates $ 268 $ 268 [1]
Enhanced junior subordinated notes 1,467 1,467 [1]
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 257 [1]
Valuation of certain fair value hedges 81 49
Issuance expenses of subsidiary preferred stock 2 2
Carrying (Reported) Amount, Fair Value Disclosure [Member]
   
Long-term debt, including securities due within one year 15,578 [2] 14,520 [2]
Junior subordinated notes payable to affiliates 268 268
Enhanced junior subordinated notes 1,467 1,467
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 [3] 257 [3]
Estimate of Fair Value, Fair Value Disclosure [Member]
   
Long-term debt, including securities due within one year 17,323 [2],[4] 16,112 [2]
Junior subordinated notes payable to affiliates 275 [4] 261
Enhanced junior subordinated notes 1,576 [4] 1,560
Subsidiary Preferred Stock Not Subject to Mandatory Redemption $ 264 [3],[4] $ 249 [3]
[1] Dominion's Consolidated Balance Sheet at December 31, 2010 has been derived from the audited Consolidated Financial Statements at that date.
[2] Includes amounts which represent the unamortized discount and premium. At June 30, 2011 and December 31, 2010, includes the valuation of certain fair value hedges associated with Dominion's fixed rate debt of approximately $81 million and $49 million, respectively.
[3] Includes issuance expenses of $2 million at June 30, 2011 and December 31, 2010.
[4] Fair value is estimated using market prices, where available, and interest rates currently available for issuance of debt with similar terms and remaining maturities. The carrying amount of debt issues with short-term maturities and variable rates refinanced at current market rates is a reasonable estimate of their fair value.