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Regulatory Assets and Liabilities (Details) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs $ 72 [1] $ 55 [1]
Derivatives 18 [2] 0 [2]
Plant retirement 6 [3] 25 [3]
Unrecovered gas cost 21 [4] 59 [4]
Other 67 64
Regulatory assets current 184 [5] 203 [5]
Unrecognized pension and other postretirement benefit costs 934 [6] 1,210 [6]
Deferred rate adjustment clause costs 257 [1] 173 [1]
Income taxes recoverable through future rates 164 [7] 140 [7]
Derivatives 34 [2] 105 [2]
Other 89 89
Regulatory assets-non-current 1,478 1,717 [8]
Total regulatory assets 1,662 1,920
PIPP 143 [9] 100 [9]
Other 45 36
Regulatory liabilities current 188 [10] 136 [10]
Provision for future cost of removal and AROs 1,031 [11] 985 [11]
Decommissioning trust 617 [12] 501 [12]
Other 70 28
Regulatory liabilities-non-current 1,718 1,514 [8]
Total regulatory liabilities 1,906 1,650
Virginia Electric and Power Company
   
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs 72 [1] 51 [1]
Derivatives 18 [2] 0 [2]
Plant retirement 6 [3] 25 [3]
Other 50 43
Regulatory assets current 146 [5] 119 [5]
Deferred rate adjustment clause costs 204 [1] 127 [1]
Income taxes recoverable through future rates 132 [7] 110 [7]
Derivatives 34 [2] 105 [2]
Other 50 54
Regulatory assets-non-current 420 396 [13]
Total regulatory assets 566 515
Other 37 32
Regulatory liabilities current 37 [10] 32 [10]
Provision for future cost of removal 799 [11] 763 [11]
Decommissioning trust 617 [12] 501 [12]
Other 55 21
Regulatory liabilities-non-current 1,471 1,285 [13]
Total regulatory liabilities $ 1,508 $ 1,317
[1] Reflects deferrals under the electric transmission FERC formula rate and the deferral of costs associated with certain current and prospective rider projects. See Note 12 for more information.
[2] For jurisdictions subject to cost-based rate regulation, changes in the fair value of derivative instruments result in the recognition of regulatory assets or regulatory liabilities as they are expected to be recovered from or refunded to customers.
[3] Reflects costs anticipated to be recovered in base rates for certain coal units expected to be retired.
[4] Reflects unrecovered gas costs at Dominion's regulated gas operations, which are recovered through annual filings with the applicable regulatory authority.
[5] Current regulatory assets are presented in other current assets in Dominion's and Virginia Power's Consolidated Balance Sheets.
[6] Represents unrecognized pension and other postretirement employee benefit costs expected to be recovered through future rates generally over the expected remaining service period of plan participants by certain of Dominion's rate-regulated subsidiaries.
[7] Amounts to be recovered through future rates to pay income taxes that become payable when rate revenue is provided to recover AFUDC-equity and depreciation of property, plant and equipment for which deferred income taxes were not recognized for ratemaking purposes, including amounts attributable to tax rate changes.
[8] Dominion’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.
[9] Under PIPP, eligible customers can receive energy assistance based on their ability to pay. The difference between the customer's total bill and the PIPP plan amount is deferred and collected or returned annually under the PIPP rider according to East Ohio tariff provisions.
[10] Current regulatory liabilities are presented in other current liabilities in Dominion's and Virginia Power's Consolidated Balance Sheets.
[11] Rates charged to customers by the Companies' regulated businesses include a provision for the cost of future activities to remove assets that are expected to be incurred at the time of retirement.
[12] Primarily reflects a regulatory liability representing amounts collected from Virginia jurisdictional customers and placed in external trusts (including income, losses and changes in fair value thereon) for the future decommissioning of Virginia Power's utility nuclear generation stations, in excess of the related AROs.
[13] Virginia Power’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.