Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated other comprehensive income (loss)

Presented in the table below is a summary of AOCI by component:



At December 31,	2013			2012
(millions)
Dominion
Net deferred losses on derivatives-hedging activities, net of tax of $196 and $87	$	(288	)	$	(122	)
Net unrealized gains on nuclear decommissioning trust funds, net of tax of $(307) and $(206)	474			326
Net unrecognized pension and other postretirement benefit costs, net of tax of $365 and $745	(510		)	(1,081		)
Total AOCI	$	(324	)	$	(877	)
Virginia Power
Net deferred losses on derivatives-hedging activities, net of tax of $-- and $3	$	—		$	(6	)
Net unrealized gains on nuclear decommissioning trust funds, net of tax of $(30) and $(19)	48			31
Total AOCI	$	48		$	25

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents Dominion’s changes in AOCI by component, net of tax:



	Deferred gains and losses on derivatives-hedging activities			Unrealized gains and losses on investment securities			Unrecognized pension and other postretirement benefit costs			Total
(millions)
Year Ended December 31, 2013
Beginning balance	$	(122	)	$	326		$	(1,081	)	$	(877	)
Other comprehensive income before reclassifications: gains (losses)	(243		)	203			516			476
Amounts reclassified from accumulated other comprehensive income: (gains) losses⁽¹⁾	77			(55		)	55			77
Net current period other comprehensive income (loss)	(166		)	148			571			553
Ending balance	$	(288	)	$	474		$	(510	)	$	(324	)

(1) See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Dominion’s reclassifications out of AOCI by component:



Details about AOCI components	Amounts reclassified from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Year Ended December 31, 2013
Deferred (gains) and losses on derivatives-hedging activities:
Commodity contracts	$	58		Operating revenue
	47			Purchased gas
	10			Electric fuel and other energy-related purchases
Interest rate contracts	15			Interest and related charges
Total	130
Tax	(53		)	Income tax expense
Total, net of tax	$	77
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(98	)	Other income
Impairment	8			Other income
Total	(90		)
Tax	35			Income tax expense
Total, net of tax	$	(55	)
Unrecognized pension and other postretirement benefit costs:
Prior-service costs (credits)	$	(8	)	Other operations and maintenance
Actuarial losses	102			Other operations and maintenance
Total	94
Tax	(39		)	Income tax expense
Total, net of tax	$	55

Summary of changes in amounts of stock options outstanding

The following table provides a summary of changes in amounts of stock options outstanding as of and for the years ended December 31, 2012 and 2011. There were no stock options outstanding in 2013. No options were granted under any plan in 2013, 2012 or 2011.



	Shares		Weighted - average Exercise Price		Weighted - average Remaining Contractual Life	Aggregated Intrinsic Value⁽¹⁾
	(thousands)				(years)	(millions)
Outstanding and exercisable at December 31, 2010	1,810		$	31.76		20
Exercised	(1,174	)	$	32.46		$	17
Forfeited/expired	(8	)	$	31.57
Outstanding and exercisable at December 31, 2011	628		$	30.81		$	14
Exercised	(622	)	$	30.79		$	13
Forfeited/expired	(6	)	$	32.26
Outstanding and exercisable at December 31, 2012	—		$	—		$	—


(1)	Intrinsic value represents the difference between the exercise price of the option and the market value of Dominion's stock.

Summary of restricted stock activity

The following table provides a summary of restricted stock activity for the years ended December 31, 2013, 2012 and 2011:



	Shares		Weighted - average Grant Date Fair Value
	(thousands)
Nonvested at December 31, 2010	1,476		$	38.20
Granted	299		43.68
Vested	(617	)	40.72
Cancelled and forfeited	(25	)	36.29
Converted from goal-based stock to restricted stock	168		30.99
Nonvested at December 31, 2011	1,301		$	37.37
Granted	390		51.14
Vested	(596	)	33.31
Cancelled and forfeited	(10	)	42.99
Nonvested at December 31, 2012	1,085		$	44.46
Granted	312		54.70
Vested	(356	)	39.00
Cancelled and forfeited	(34	)	51.11
Nonvested at December 31, 2013	1,007		$	49.35

Summary of restricted stock and goal-based stock activity

The following table provides a summary of goal-based stock activity for the years ended December 31, 2013, 2012 and 2011:



	Targeted Number of Shares		Weighted - average Grant Date Fair Value
	(thousands)
Nonvested at December 31, 2010	161		$	31.79
Granted	3		43.54
Vested	(20	)	34.62
Cancelled and forfeited	(132	)	30.99
Nonvested at December 31, 2011	12		$	39.19
Granted	1		52.48
Vested	(9	)	37.46
Nonvested at December 31, 2012	4		$	45.60
Granted	4		54.17
Vested	(2	)	43.54
Cancelled and forfeited	(1	)	43.54
Nonvested at December 31, 2013	5		$	53.85

Virginia Electric and Power Company

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following table presents Virginia Power’s changes in AOCI by component, net of tax:



	Deferred gains and losses on derivatives-hedging activities			Unrealized gains and losses on nuclear decommissioning trust funds			Total
(millions)
Year Ended December 31, 2013
Beginning balance	$	(6	)	$	31		$	25
Other comprehensive income before reclassifications: gains (losses)	6			20			26
Amounts reclassified from accumulated other comprehensive income: (gains) losses⁽¹⁾	—			(3		)	(3		)
Net current period other comprehensive income (loss)	6			17			23
Ending balance	$	—		$	48		$	48

(1) See table below for details about these reclassifications.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents Virginia Power’s reclassifications out of AOCI by component:



Details about AOCI components	Amounts reclassified from AOCI			Affected line item in the Consolidated Statements of Income
(millions)
Year Ended December 31, 2013
Unrealized (gains) and losses on investment securities:
Realized (gain) loss on sale of securities	$	(6	)	Other income
Impairment	1			Other income
Total	(5		)
Tax	2			Income tax expense
Total, net of tax	$	(3	)

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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