Quarterly Financial and Common Stock Data

12 Months Ended

Dec. 31, 2011

Quarterly Financial and Common Stock Data

QUARTERLY FINANCIAL AND COMMON STOCK DATA (UNAUDITED)

A summary of Dominion's and Virginia Power's quarterly results of operations for the years ended December 31, 2011 and 2010 follows. Amounts reflect all adjustments necessary in the opinion of management for a fair statement of the results for the interim periods. Results for interim periods may fluctuate as a result of weather conditions, changes in rates and other factors.

DOMINION



	First Quarter			Second Quarter		Third Quarter		Fourth Quarter			Full Year
(millions, except per share amounts)
2011
Operating revenue	$	4,057		$	3,341	$	3,803	$	3,178		$	14,379
Income from operations	963			725		833		340			2,861
Income from continuing operations⁽¹⁾	479			336		392		201			1,408
Net income including noncontrolling interests	483			340		396		207			1,426
Net income attributable to Dominion	479			336		392		201			1,408
Basic EPS:
Income from continuing operations⁽¹⁾	0.83			0.59		0.69		0.35			2.46
Net income attributable to Dominion	0.83			0.59		0.69		0.35			2.46
Diluted EPS:
Income from continuing operations⁽¹⁾	0.82			0.58		0.69		0.35			2.45
Net income attributable to Dominion	0.82			0.58		0.69		0.35			2.45
Dividends paid per share	0.4925			0.4925		0.4925		0.4925			1.97
Common stock prices (intraday high-low)	$46.56 - 42.06			$48.55 - 43.27		$51.44 - 44.50		$53.59 - 48.21			$53.59 - 42.06
2010
Operating revenue	$	4,168		$	3,333	$	3,950	$	3,746		$	15,197
Income from operations	734			3,110		1,119		737			5,700
Income from continuing operations⁽¹⁾	323			1,759		575		306			2,963
Income (loss) from discontinued operations⁽¹⁾	(149		)	2		—		(8		)	(155		)
Net income including noncontrolling interests	178			1,765		579		303			2,825
Net income attributable to Dominion	174			1,761		575		298			2,808
Basic EPS:
Income from continuing operations⁽¹⁾	0.54			2.98		0.98		0.53			5.03
Income (loss) from discontinued operations⁽¹⁾	(0.25		)	—		—		(0.01		)	(0.26		)
Net income attributable to Dominion	0.29			2.98		0.98		0.52			4.77
Diluted EPS:
Income from continuing operations⁽¹⁾	0.54			2.98		0.98		0.52			5.02
Income (loss) from discontinued operations⁽¹⁾	(0.25		)	—		—		(0.01		)	(0.26		)
Net income attributable to Dominion	0.29			2.98		0.98		0.51			4.76
Dividends paid per share	0.4575			0.4575		0.4575		0.4575			1.83
Common stock prices (intraday high-low)	$41.61 - 36.12			$42.56 - 38.05		$44.94 - 38.59		$45.12 - 41.13			$45.12 - 36.12


(1)	Amounts attributable to Dominion's common shareholders.

Dominion's 2011 results include the impact of the following significant item:


•	Fourth quarter results include a $139 million after-tax charge reflecting plant balances that are not expected to be recovered in future periods due to the anticipated retirement of certain utility coal-fired generating units.

Dominion's 2010 results include the impact of the following significant items:


•	First quarter results include a $206 million after-tax charge primarily reflecting severance pay and other benefits related to a workforce reduction program and a $149 million after-tax loss from the discontinued operations of Peoples primarily reflecting a net loss on the sale.


•	Second quarter results include a $1.4 billion after-tax benefit resulting from the gain on the sale of substantially all of Dominion's Appalachian E&P operations net of charges related to the divestiture and a $95 million after-tax impairment charge at State Line to reflect the estimated fair value of the power station.

VIRGINIA POWER

Virginia Power's quarterly results of operations were as follows:



	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Year
(millions)
2011
Operating revenue	$	1,757	$	1,757	$	2,177	$	1,555	$	7,246
Income from operations	511		471		568		55		1,605
Net income	278		241		297		6		822
Balance available for common stock	274		237		293		1		805
2010
Operating revenue	$	1,739	$	1,711	$	2,111	$	1,658	$	7,219
Income (loss) from operations	254		479		673		235		1,641
Net income (loss)	95		267		380		110		852
Balance available for common stock	91		263		376		105		835

Virginia Power's 2011 results include the impact of the following significant item:


•	Fourth quarter results include a $139 million after-tax charge reflecting plant balances that are not expected to be recovered in future periods due to the anticipated retirement of certain coal-fired power stations.

Virginia Power's 2010 results include the impact of the following significant item:


•	First quarter results include a $123 million after-tax charge primarily reflecting severance pay and other benefits related to a workforce reduction program.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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