Investments (Tables)

3 Months Ended

Mar. 31, 2013

Available-For-Sale Securities

Dominion’s decommissioning trust funds are summarized below:

	Amortized Cost		Total  Unrealized Gains(1)		Total  Unrealized Losses (1)				Fair Value
(millions)
March 31, 2013
Marketable equity securities:
U.S.:
Large Cap	$	1,153	$	879	$	—			$	2,032
Other	44		18		—				62
Marketable debt securities:
Corporate bonds	336		28		—				364
U.S. Treasury securities and agency debentures	628		19		(1		)		646
State and municipal	236		23		—				259
Other	8		—		—				8
Cost method investments	113		—		—				113
Cash equivalents and other(2)	63		—		—				63
Total	$	2,581	$	967	$	(1	)	(3)	$	3,547
December 31, 2012
Marketable equity securities:
U.S.:
Large Cap	$	1,210	$	732	$	—			$	1,942
Other	40		13		—				53
Marketable debt securities:
Corporate bonds	295		30		—				325
U.S. Treasury securities and agency debentures	523		19		(2		)		540
State and municipal	248		26		—				274
Other	6		1		—				7
Cost method investments	117		—		—				117
Cash equivalents and other(2)	72		—		—				72
Total	$	2,511	$	821	$	(2	)	(3)	$	3,330

(1) Included in AOCI and the decommissioning trust regulatory liability.

(2) Includes pending purchases of securities of $14 million and $6 million at March 31, 2013 and December 31, 2012, respectively.

(3) The fair value of securities in an unrealized loss position was $208 million and $195 million at March 31, 2013 and December 31, 2012, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion’s marketable debt securities held in nuclear decommissioning trust funds at March 31, 2013 by contractual maturity is as follows:

	Amount
(millions)
Due in one year or less	$	162
Due after one year through five years	333
Due after five years through ten years	367
Due after ten years	415
Total	$	1,277

Marketable Securities

Presented below is selected information regarding Dominion’s marketable equity and debt securities held in nuclear decommissioning trust funds.

	Three Months Ended March 31,
	2013		2012
(millions)
Proceeds from sales	$	554	$	415
Realized gains(1)	63		28
Realized losses(1)	6		4

(1) Includes realized gains and losses recorded to the decommissioning trust regulatory liability.

Virginia Electric and Power Company

Available-For-Sale Securities

Virginia Power’s decommissioning trust funds are summarized below:

	Amortized Cost		Total  Unrealized Gains(1)		Total  Unrealized Losses(1)				Fair Value
(millions)
March 31, 2013
Marketable equity securities:
U.S.:
Large Cap	$	490	$	373	$	—			$	863
Other	21		9		—				30
Marketable debt securities:
Corporate bonds	198		16		—				214
U.S. Treasury securities and agency debentures	248		5		(1		)		252
State and municipal	95		9		—				104
Other	1		—		—				1
Cost method investments	113		—		—				113
Cash equivalents and other(2)	31		—		—				31
Total	$	1,197	$	412	$	(1	)	(3)	$	1,608
December 31, 2012
Marketable equity securities:
U.S.:
Large Cap	$	481	$	298	$	—			$	779
Other	20		7		—				27
Marketable debt securities:
Corporate bonds	179		17		—				196
U.S. Treasury securities and agency debentures	231		4		(1		)		234
State and municipal	106		11		—				117
Other	1		—		—				1
Cost method investments	117		—		—				117
Cash equivalents and other(2)	44		—		—				44
Total	$	1,179	$	337	$	(1	)	(3)	$	1,515

(1) Included in AOCI and the decommissioning trust regulatory liability.

(2) Includes pending sales of securities of $2 million and $6 million at March 31, 2013 and December 31, 2012, respectively.

(3) The fair value of securities in an unrealized loss position was $111 million and $104 million at March 31, 2013 and December 31, 2012, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power’s marketable debt securities at March 31, 2013 by contractual maturity is as follows:

	Amount
(millions)
Due in one year or less	$	44
Due after one year through five years	160
Due after five years through ten years	202
Due after ten years	165
Total	$	571

Marketable Securities

Presented below is selected information regarding Virginia Power’s marketable equity and debt securities.

	Three Months Ended March 31,
	2013		2012
(millions)
Proceeds from sales	$	189	$	191
Realized gains(1)	16		11
Realized losses(1)	3		2

(1) Includes realized gains and losses recorded to the decommissioning trust regulatory liability.