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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 35 $ 248 [1]
Customer receivables (less allowance for doubtful accounts) 1,758 1,621 [1]
Other receivables (less allowance for doubtful accounts) 73 96 [1]
Inventories 1,039 1,259 [1]
Derivative assets 527 518 [1]
Assets held for sale 313 0 [1]
Other 1,403 1,398 [1]
Total current assets 5,148 5,140 [1]
Investments    
Nuclear decommissioning trust funds 3,547 3,330 [1]
Investment in equity method affiliates 559 558 [1]
Other 294 303 [1]
Total investments 4,400 4,191 [1]
Property, Plant and Equipment    
Property, plant and equipment 43,705 43,364 [1]
Property, plant and equipment, VIE 957 957 [1]
Accumulated depreciation, depletion and amortization (13,753) (13,548) [1]
Total property, plant and equipment, net 30,909 30,773 [1]
Deferred Charges and Other Assets    
Goodwill 3,128 3,130 [1]
Regulatory assets 1,696 1,717 [1]
Other 1,835 1,887 [1]
Total deferred charges and other assets 6,659 6,734 [1]
Total assets 47,116 46,838 [1]
Current Liabilities    
Securities due within one year 1,193 1,363 [1]
Securities due within one year, VIE 852 860 [1]
Short-term debt 2,003 2,412 [1]
Accounts payable 950 1,137 [1]
Derivative liabilities 556 510 [1]
Liabilities held for sale 48 0 [1]
Other 1,370 1,481 [1]
Total current liabilities 6,972 7,763 [1]
Long-Term Debt    
Long-term debt 15,904 15,478 [1]
Junior subordinated notes 1,373 1,373 [1]
Total long-term debt 17,277 16,851 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 6,070 5,800 [1]
Asset retirement obligations 1,611 1,641 [1]
Pension and other postretirement benefit liabilities 1,834 1,831 [1]
Regulatory liabilities 1,646 1,514 [1]
Other 521 556 [1]
Total deferred credits and other liabilities 11,682 11,342 [1]
Total liabilities 35,931 35,956 [1]
Commitments and Contingencies (see Note 15)      
Subsidiary Preferred Stock Not Subject to Mandatory Redemption 257 257 [1]
Equity    
Common stock - no par 5,571 [2] 5,493 [1],[2]
Other paid-in capital 156 162 [1]
Retained earnings 5,961 5,790 [1]
Accumulated other comprehensive loss (820) (877) [1]
Total common shareholders’ equity 10,868 10,568 [1]
Noncontrolling interest 60 57 [1]
Total equity 10,928 10,625 [1]
Total liabilities and equity 47,116 46,838 [1]
Virginia Electric and Power Company
   
Current Assets    
Cash and cash equivalents 3 28 [3]
Customer receivables (less allowance for doubtful accounts) 892 849 [3]
Other receivables (less allowance for doubtful accounts) 39 51 [3]
Inventories 721 789 [3]
Prepayments 37 23 [3]
Other 189 241 [3]
Total current assets 1,881 1,981 [3]
Investments    
Nuclear decommissioning trust funds 1,608 1,515 [3]
Other 14 14 [3]
Total investments 1,622 1,529 [3]
Property, Plant and Equipment    
Property, plant and equipment 31,085 30,631 [3]
Accumulated depreciation, depletion and amortization (10,157) (10,014) [3]
Total property, plant and equipment, net 20,928 20,617 [3]
Deferred Charges and Other Assets    
Intangible assets 182 181 [3]
Regulatory assets 388 396 [3]
Other 117 107 [3]
Total deferred charges and other assets 687 684 [3]
Total assets 25,118 24,811 [3]
Current Liabilities    
Securities due within one year 18 418 [3]
Short-term debt 661 992 [3]
Accounts payable 347 430 [3]
Payables to affiliates 61 67 [3]
Affiliated current borrowings 57 435 [3]
Accrued interest, payroll and taxes 294 204 [3]
Other 319 461 [3]
Total current liabilities 1,757 3,007 [3]
Long-Term Debt    
Total long-term debt 7,445 6,251 [3]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 3,918 3,879 [3]
Asset retirement obligations 709 705 [3]
Regulatory liabilities 1,414 1,285 [3]
Other 241 194 [3]
Total deferred credits and other liabilities 6,282 6,063 [3]
Total liabilities 15,484 15,321 [3]
Commitments and Contingencies (see Note 15)      
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 1,113 1,113 [3]
Retained earnings 2,492 2,357 [3]
Accumulated other comprehensive loss 34 25 [3]
Total common shareholders’ equity 9,377 9,233 [3]
Total liabilities and equity $ 25,118 $ 24,811 [3]
[1] Dominion’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.
[2] 1 billion shares authorized; 578 million shares and 576 million shares outstanding at March 31, 2013 and December 31, 2012, respectively.
[3] Virginia Power’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.
[4] 500,000 shares authorized; 274,723 shares outstanding at March 31, 2013 and December 31, 2012.