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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and cash equivalents $ 133 $ 102 [1]
Customer receivables (less allowance for doubtful accounts) 1,539 1,780 [1]
Other receivables (less allowance for doubtful accounts) 173 255 [1]
Inventories 1,249 1,348 [1]
Derivative assets 822 705 [1]
Other 1,103 1,240 [1]
Total current assets 5,019 5,430 [1]
Investments    
Nuclear decommissioning trust funds 3,231 2,999 [1]
Investment in equity method affiliates 552 553 [1]
Restricted cash equivalents 104 141 [1]
Other 296 292 [1]
Total investments 4,183 3,985 [1]
Property, Plant and Equipment    
Property, plant and equipment 42,895 42,033 [1]
Property, plant and equipment, VIE 957 957 [1]
Accumulated depreciation, depletion and amortization (13,564) (13,320) [1]
Total property, plant and equipment, net 30,288 29,670 [1]
Deferred Charges and Other Assets    
Goodwill 3,141 3,141 [1]
Regulatory assets 1,319 1,382 [1]
Other 2,143 2,006 [1]
Total deferred charges and other assets 6,603 6,529 [1]
Total assets 46,093 45,614 [1]
Current Liabilities    
Securities due within one year 2,131 1,479 [1]
Short-term debt 1,057 1,814 [1]
Accounts payable 935 1,250 [1]
Derivative liabilities 871 951 [1]
Other 1,660 1,468 [1]
Total current liabilities 6,654 6,962 [1]
Long-Term Debt    
Long-term debt 14,564 14,785 [1]
Long-term debt, VIE 882 890 [1]
Junior subordinated notes payable to affiliates 268 268 [1]
Enhanced junior subordinated notes 1,365 1,451 [1]
Total long-term debt 17,079 17,394 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 5,719 5,216 [1]
Asset retirement obligations 1,396 1,383 [1]
Regulatory liabilities 1,423 1,324 [1]
Other 1,596 1,575 [1]
Total deferred credits and other liabilities 10,134 9,498 [1]
Total liabilities 33,867 33,854 [1]
Commitments and Contingencies (see Note 12)       [1]
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 257 [1]
Equity    
Common stock - no par 5,256 [2] 5,180 [1],[2]
Other paid-in capital 173 179 [1]
Retained earnings 6,891 6,697 [1]
Accumulated other comprehensive income (loss) (411) (610) [1]
Total common shareholders' equity 11,909 11,446 [1]
Noncontrolling interest 60 57 [1]
Total equity 11,969 11,503 [1]
Total liabilities and equity 46,093 45,614 [1]
Virginia Electric and Power Company [Member]
   
Current Assets    
Cash and cash equivalents 28 29 [3]
Customer receivables (less allowance for doubtful accounts) 789 892 [3]
Other receivables (less allowance for doubtful accounts) 127 145 [3]
Inventories 777 797 [3]
Prepayments 29 41 [3]
Other 373 532 [3]
Total current assets 2,123 2,436 [3]
Investments    
Nuclear decommissioning trust funds 1,467 1,370 [3]
Other 32 36 [3]
Total investments 1,499 1,406 [3]
Property, Plant and Equipment    
Property, plant and equipment 29,136 28,626 [3]
Accumulated depreciation, depletion and amortization (9,758) (9,615) [3]
Total property, plant and equipment, net 19,378 19,011 [3]
Deferred Charges and Other Assets    
Intangible assets 185 183 [3]
Regulatory assets 345 399 [3]
Other 86 109 [3]
Total deferred charges and other assets 616 691 [3]
Total assets 23,616 23,544 [3]
Current Liabilities    
Securities due within one year 1,016 616 [3]
Short-term debt 255 894 [3]
Accounts payable 395 405 [3]
Payables to affiliates 54 108 [3]
Affiliated current borrowings 187 187 [3]
Accrued interest, payroll and taxes 363 226 [3]
Other 520 685 [3]
Total current liabilities 2,790 3,121 [3]
Long-Term Debt    
Total long-term debt 6,292 6,246 [3]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,339 3,180 [3]
Asset retirement obligations 628 624 [3]
Regulatory liabilities 1,191 1,095 [3]
Other 270 271 [3]
Total deferred credits and other liabilities 5,428 5,170 [3]
Total liabilities 14,510 14,537 [3]
Commitments and Contingencies (see Note 12)       [3]
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 257 [3]
Equity    
Common stock - no par 5,738 [4] 5,738 [3],[4]
Other paid-in capital 1,111 1,111 [3]
Retained earnings 1,973 1,882 [3]
Accumulated other comprehensive income (loss) 27 19 [3]
Total common shareholders' equity 8,849 8,750 [3]
Total liabilities and equity $ 23,616 $ 23,544 [3]
[1] Dominion’s Consolidated Balance Sheet at December 31, 2011 has been derived from the audited Consolidated Financial Statements at that date.
[2] 1 billion shares authorized; 571 million shares and 570 million shares outstanding at March 31, 2012 and December 31, 2011, respectively.
[3] Virginia Power’s Consolidated Balance Sheet at December 31, 2011 has been derived from the audited Consolidated Financial Statements at that date.
[4] 500,000 shares authorized; 274,723 shares outstanding at March 31, 2012 and December 31, 2011.