Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table presents the calculation of Dominion’s basic and diluted EPS:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
(millions, except EPS)
Net income attributable to Dominion	$	529	$	569	$	1,067	$	1,266
Average shares of common stock outstanding – Basic	583.1		579.4		582.2		578.1
Net effect of dilutive securities(1)	1.5		0.7		1.6		0.7
Average shares of common stock outstanding – Diluted	584.6		580.1		583.8		578.8
Earnings Per Common Share – Basic	$	0.91	$	0.98	$	1.83	$	2.19
Earnings Per Common Share – Diluted	$	0.90	$	0.98	$	1.83	$	2.19

(1) Dilutive securities consist primarily of contingently convertible senior notes and the 2013 Equity Units for 2014 and contingently convertible senior notes for 2013. See Note 14 in this report and Note 17 to the Consolidated Financial Statements in Dominion's and Virginia Power's Annual Report on Form 10-K for the year ended December 31, 2013 for more information.

The 2014 Equity Units are potentially dilutive securities but were excluded from the calculation of diluted EPS for the three and nine months ended September 30, 2014, as the dilutive stock price threshold was not met. The 2013 Equity Units are potentially dilutive securities but were excluded from the calculation of diluted EPS for the three and nine months ended September 30, 2013. See Note 17 to the Consolidated Financial Statements in Dominion's and Virginia Power's Annual Report on Form 10-K for the year ended December 31, 2013 for more information.