Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2013

Long-term Debt, Unclassified [Abstract]

Long term Debt

At December 31,	2013 Weighted- average Coupon(1)		2013			2012
(millions, except percentages)
Virginia Electric and Power Company:
Unsecured Senior Notes:
1.2% to 8.625%, due 2013 to 2018	5.09	%	$	2,138		$	2,306
2.75% to 8.875%, due 2019 to 2043	5.25	%	4,993			3,408
Tax-Exempt Financings(2):
Variable rates, due 2016 to 2041	0.98	%	606			454
1.5% to 5.6%, due 2022 to 2040	3.16	%	306			508
Virginia Electric and Power Company total principal			$	8,043		$	6,676
Securities due within one year	4.10	%	(58		)	(418		)
Unamortized discount and premium, net			(11		)	(7		)
Virginia Electric and Power Company total long-term debt			$	7,974		$	6,251
Dominion Resources, Inc.:
Unsecured Senior Notes:
Variable rates, due 2013 and 2014	0.37	%	$	400		$	400
1.4% to 7.195%, due 2013 to 2018	4.03	%	3,291			3,541
2.75% to 8.875%, due 2019 to 2042(3)	5.64	%	4,599			4,599
Unsecured Convertible Senior Notes, 2.125%, due 2023(4)			43			82
Tax-Exempt Financing, variable rate, due 2041(5)	1.12	%	75			—
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts, 7.83% and 8.4%, due 2027 and 2031	8.40	%	10			268
Enhanced Junior Subordinated Notes:
7.5% and 8.375%, due 2064 and 2066	8.11	%	985			985
Variable rate, due 2066	2.58	%	380			380
Remarketable Subordinated Notes, 1.07% and 1.18%, due 2019 and 2021	1.13	%	1,100			—
Unsecured Debentures and Senior Notes(6):
5.0% and 6.625%, due 2013 and 2014	5.00	%	600			622
6.8% and 6.875%, due 2026 and 2027	6.81	%	89			89
Dominion Gas Holdings, LLC:
Unsecured Senior Notes, 1.05% to 4.8%, due 2016 to 2043	3.13	%	1,200			—
Dominion Energy, Inc.:
Secured Senior Notes:
5.03% to 5.78%, due 2013(7)			—			842
7.33%, due 2020(8)			—			145
Tax-Exempt Financings:
2.25% to 5.75%, due 2033 to 2042(9)	2.38	%	27			284
Variable rate, due 2041(5)			—			75
Virginia Electric and Power Company total principal (from above)			8,043			6,676
Dominion Resources, Inc. total principal			$	20,842		$	18,988
Fair value hedge valuation(10)			55			93
Securities due within one year(11)	2.95	%	(1,519		)	(2,223		)
Unamortized discount and premium, net			(48		)	(7		)
Dominion Resources, Inc. total long-term debt			$	19,330		$	16,851

(1) Represents weighted-average coupon rates for debt outstanding as of December 31, 2013.

(2) These financings relate to certain pollution control equipment at Virginia Power's generating facilities. Certain variable rate tax-exempt financings are supported by a $120 million credit facility that terminates in September 2018.

(3) At the option of holders, $510 million of Dominion's 5.25% senior notes due 2033 and $600 million of Dominion's 8.875% senior notes due 2019 are subject to redemption at 100% of the principal amount plus accrued interest in August 2015 and January 2014, respectively.

(4) Convertible into a combination of cash and shares of Dominion's common stock at any time when the closing price of common stock equals 120% of the applicable conversion price or higher for at least 20 out of the last 30 consecutive trading days ending on the last trading day of the previous calendar quarter. At the option of holders on December 15, 2018, these securities are subject to redemption at 100% of the principal amount plus accrued interest. These senior notes have been callable by Dominion since December 15, 2011.

(5) Debt issued by the MDFA on behalf of Brayton Point. In connection with the sale of Brayton Point, the sole obligor under the bonds was changed from Brayton Point to Dominion in June 2013.

(6) Represents debt assumed by Dominion from the merger of its former CNG subsidiary.

(7) Juniper notes issued in 2004 and consolidated in October 2011 due to Dominion becoming the primary beneficiary of this VIE. This amount excludes $18 million of unamortized premium in 2012. The debt was non-recourse to Dominion and was secured by Juniper's assets. Dominion's purchase of Fairless in August 2013 resulted in the removal of the debt from Dominion's Consolidated Balance Sheet. See Note 15 for additional information.

(8) Represented debt associated with Kincaid. The debt was non-recourse to Dominion and was secured by the facility's assets and revenue. In connection with the sale of Kincaid, the notes were redeemed in May 2013 for approximately $185 million, including a make-whole premium and accrued interest.

(9) In 2012 included debt issued by the MDFA on behalf of Brayton Point. In connection with the sale of Brayton Point, three series of bonds totaling approximately $257 million were defeased in June 2013. In June 2013, Brayton Point delivered approximately $284 million to fund an irrevocable trust for the purpose of paying maturing principal and interest due through and including the earliest redemption dates of the bonds in 2016 and 2019.

(10) Represents the valuation of certain fair value hedges associated with Dominion's fixed rate debt.

(11) Includes $14 million fair value hedge valuation in 2013 and $23 million of net unamortized premium and fair value hedge valuation in 2012.

Scheduled principal payments of long-term debt

Based on stated maturity dates rather than early redemption dates that could be elected by instrument holders, the scheduled principal payments of long-term debt at December 31, 2013, were as follows:

	2014			2015			2016			2017			2018			Thereafter			Total
(millions, except percentages)
Virginia Power	$	58		$	211		$	476		$	679		$	850		$	5,769		$	8,043
Weighted-average Coupon	4.10		%	5.39		%	5.25		%	5.44		%	4.17		%	4.78		%
Dominion
Unsecured Senior Notes	$	1,465		$	960		$	1,752		$	1,303		$	1,350		$	10,523		$	17,353
Tax-Exempt Financings	40			—			19			75			—			880			1,014
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts	—			—			—			—			—			10			10
Enhanced Junior Subordinated Notes	—			—			—			—			—			1,365			1,365
Remarketable Subordinated Notes	—			—			—			—			—			1,100			1,100
Total	$	1,505		$	960		$	1,771		$	1,378		$	1,350		$	13,878		$	20,842
Weighted-average Coupon	2.95		%	4.45		%	3.51		%	4.55		%	4.99		%	4.90		%

Trust preferred securities and junior subordinated notes outstanding text block

The following table provides summary information about the capital securities and junior subordinated notes outstanding as of December 31, 2013:

Date Established	Capital Trust	Units	Rate		Capital Securities Amount		Common Securities Amount
		(thousands)			(millions)
January 2001	Dominion Resources Capital Trust III(1)	10	8.4	%	$	10	$	0.3

(1) $10 million-Dominion Resources, Inc. 8.4% Debentures due 1/15/2031 were held as assets by the capital trust.

Schedule of Capital Units

Selected information about Dominion's Equity Units is presented below:

Issuance Date	Units Issued	Total Net Proceeds		Total Long-term Debt		RSN Annual Interest Rate		Stock Purchase Contract Annual Rate		Stock Purchase Contract Liability(1)		Stock Purchase Settlement Date	RSN Maturity Date
(millions, except interest rates)
6/7/2013	11	$	533.5	$	550.0	1.070	%	5.055	%	$	76.7	4/1/2016	4/1/2021
6/7/2013	11	$	553.5	$	550.0	1.180	%	4.820	%	$	79.3	7/1/2016	7/1/2019

(1) Payments of $17 million were made in 2013. The stock purchase contract liability was $139 million at December 31, 2013.