Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified |
12 Months Ended | |||||||||||||||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Operating Revenue | $ 13,120 | $ 12,835 | [1] | $ 13,765 | [1] | |||||||||||
Operating Expenses | ||||||||||||||||
Electric fuel and other energy-related purchases | 3,885 | 3,645 | [1] | 3,942 | [1] | |||||||||||
Purchased electric capacity | 358 | 387 | [1] | 454 | [1] | |||||||||||
Purchased gas | 1,331 | 1,177 | [1] | 1,764 | [1] | |||||||||||
Other operations and maintenance | 2,459 | 3,091 | [1] | 3,178 | [1] | |||||||||||
Depreciation, depletion and amortization | 1,208 | 1,127 | [1] | 1,018 | [1] | |||||||||||
Other taxes | 563 | 550 | [1] | 529 | [1] | |||||||||||
Total operating expenses | 9,804 | 9,977 | [1] | 10,885 | [1] | |||||||||||
Income from operations | 3,316 | 2,858 | [1] | 2,880 | [1] | |||||||||||
Other income | 265 | 223 | [1] | 178 | [1] | |||||||||||
Interest and related charges | 877 | 816 | [1] | 796 | [1] | |||||||||||
Income from continuing operations including noncontrolling interests before income taxes | 2,704 | 2,265 | [1] | 2,262 | [1] | |||||||||||
Income tax expense | 892 | [2] | 811 | [1],[2] | 778 | [1],[2] | ||||||||||
Income from continuing operations including noncontrolling interests | 1,812 | 1,454 | [1] | 1,484 | [1] | |||||||||||
Income (loss) from discontinued operations | (92) | (1,125) | [1],[3] | (58) | [1],[3] | |||||||||||
Net income including noncontrolling interests | 1,720 | 329 | [1] | 1,426 | [1] | |||||||||||
Noncontrolling interests | 23 | 27 | [1] | 18 | [1] | |||||||||||
Net income attributable to Dominion | 1,697 | 302 | [1] | 1,408 | [1] | |||||||||||
Amounts attributable to Dominion: | ||||||||||||||||
Income from continuing operations, net of tax | 1,789 | [4] | 1,427 | [1],[4] | 1,466 | [1] | ||||||||||
Loss from discontinued operations, net of tax | (92) | (1,125) | [1] | (58) | [1] | |||||||||||
Net income attributable to Dominion | 1,697 | 302 | [1] | 1,408 | [1] | |||||||||||
Earnings Per Common Share-Basic: | ||||||||||||||||
Income from continuing operations (in dollars per share) | $ 3.09 | [4] | $ 2.49 | [1],[4] | $ 2.56 | [1] | ||||||||||
Loss from discontinued operations (in dollars per share) | $ (0.16) | [4] | $ (1.96) | [1],[4] | $ (0.10) | [1] | ||||||||||
Net income attributable to Dominion (in dollars per share) | $ 2.93 | $ 0.53 | [1] | $ 2.46 | [1] | |||||||||||
Earnings Per Common Share-Diluted: | ||||||||||||||||
Income from continuing operations (in dollars per share) | $ 3.09 | [4] | $ 2.49 | [1],[4] | $ 2.55 | [1] | ||||||||||
Loss from discontinued operations (in dollars per share) | $ (0.16) | [4] | $ (1.96) | [1],[4] | $ (0.10) | [1] | ||||||||||
Net income attributable to Dominion (in dollars per share) | $ 2.93 | $ 0.53 | [1] | $ 2.45 | [1] | |||||||||||
Dividends declared per common share | $ 2.25 | $ 2.11 | [1] | $ 1.97 | [1] | |||||||||||
Virginia Electric and Power Company
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Operating Revenue | 7,295 | 7,226 | 7,246 | |||||||||||||
Operating Expenses | ||||||||||||||||
Electric fuel and other energy-related purchases | 2,304 | 2,368 | 2,506 | |||||||||||||
Purchased electric capacity | 358 | 386 | 452 | |||||||||||||
Affiliated suppliers | 290 | 305 | 306 | |||||||||||||
Other | 1,161 | 1,161 | 1,437 | |||||||||||||
Depreciation, depletion and amortization | 853 | 782 | 718 | |||||||||||||
Other taxes | 249 | 232 | 222 | |||||||||||||
Total operating expenses | 5,215 | 5,234 | 5,641 | |||||||||||||
Income from operations | 2,080 | 1,992 | 1,605 | |||||||||||||
Other income | 86 | 96 | 88 | |||||||||||||
Interest and related charges | 369 | 385 | 331 | |||||||||||||
Income from continuing operations including noncontrolling interests before income taxes | 1,797 | 1,703 | 1,362 | |||||||||||||
Income tax expense | 659 | [5] | 653 | [5] | 540 | [5] | ||||||||||
Net income attributable to Dominion | 1,138 | 1,050 | 822 | |||||||||||||
Amounts attributable to Dominion: | ||||||||||||||||
Net income attributable to Dominion | 1,138 | 1,050 | 822 | |||||||||||||
Preferred dividends | 17 | 16 | 17 | |||||||||||||
Balance available for common stock | $ 1,121 | $ 1,034 | $ 805 | |||||||||||||
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