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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Revenue $ 3,050 $ 3,432 $ 9,493 $ 9,935
Operating Expenses        
Electric fuel and other energy-related purchases 743 1,107 2,710 2,933
Purchased electric capacity 86 91 261 267
Purchased gas 209 232 1,073 996
Other operations and maintenance 614 525 1,972 1,876
Depreciation, depletion and amortization 354 309 970 909
Other taxes 123 134 424 442
Total operating expenses 2,129 2,398 7,410 7,423
Income from operations 921 1,034 2,083 2,512
Other income 69 86 166 222
Interest and related charges 231 217 695 648
Income from continuing operations including noncontrolling interests before income tax expense 759 903 1,554 2,086
Income tax expense 228 305 477 709
Income from continuing operations including noncontrolling interests 531 598 1,077 1,377
Loss from discontinued operations 0 [1] (23) [1] 0 [1] (92) [1]
Net Income Including Noncontrolling Interests 531 575 1,077 1,285
Noncontrolling Interests 2 6 10 19
Net Income Attributable to Dominion 529 569 1,067 1,266
Amounts Attributable to Dominion:        
Income from continuing operations, net of tax 529 592 1,067 1,358
Loss from discontinued operations, net of tax 0 (23) 0 (92)
Earnings Per Common Share-Basic        
Income from continuing operations (dollars per share) $ 0.91 $ 1.02 $ 1.83 $ 2.35
Loss from discontinued operations (dollars per share) $ 0.00 $ (0.04) $ 0.00 $ (0.16)
Earnings Per Common Share - Basic (dollars per share) $ 0.91 $ 0.98 $ 1.83 $ 2.19
Earnings Per Common Share-Diluted        
Income from continuing operations (dollars per share) $ 0.90 $ 1.02 $ 1.83 $ 2.35
Income from discontinued operations (dollars per share) $ 0.00 $ (0.04) $ 0.00 $ (0.16)
Net income attributable to Dominion (dollars per share) $ 0.90 $ 0.98 $ 1.83 $ 2.19
Dividends declared per common share (dollars per share) $ 0.6000 $ 0.5625 $ 1.8000 $ 1.6875
Virginia Electric and Power Company
       
Operating Revenue 2,053 [2] 2,059 [2] 5,765 [2] 5,550 [2]
Operating Expenses        
Electric fuel and other energy-related purchases 649 [2] 651 [2] 1,817 [2] 1,749 [2]
Purchased electric capacity 86 91 261 267
Affiliated suppliers 70 83 211 238
Other 331 273 1,164 792
Depreciation, depletion and amortization 260 218 695 636
Other taxes 63 64 205 196
Total operating expenses 1,459 1,380 4,353 3,878
Income from operations 594 679 1,412 1,672
Other income 24 19 60 71
Interest and related charges 101 93 311 270
Income from continuing operations including noncontrolling interests before income tax expense 517 605 1,161 1,473
Income tax expense 203 218 454 534
Net Income Attributable to Dominion 314 387 707 939
Amounts Attributable to Dominion:        
Preferred dividends 2 4 10 12
Balance available for common stock 312 383 697 927
Dominion Gas Holdings, LLC
       
Operating Revenue 391 [3] 388 [3] 1,388 [3] 1,404 [3]
Operating Expenses        
Purchased gas 34 [3] 46 [3] 247 [3] 223 [3]
Other energy-related purchases 8 19 29 59
Affiliated suppliers 12 17 49 56
Other 79 [4] 12 [4] 204 [4] 281 [4]
Depreciation, depletion and amortization 50 49 146 148
Other taxes 31 28 117 108
Total operating expenses 214 171 792 875
Income from operations 177 217 596 529
Other income 5 5 18 19
Interest and related charges 7 [3] 7 [3] 19 [3] 20 [3]
Income from continuing operations including noncontrolling interests before income tax expense 175 215 595 528
Income tax expense 68 85 231 207
Net Income Attributable to Dominion $ 107 $ 130 $ 364 $ 321
[1] Includes income tax expense of $6 million for the three months ended September 30, 2013 and income tax benefit of $43 million for the nine months ended September 30, 2013.
[2] See Note 17 for amounts attributable to affiliates.
[3] See Note 17 for amounts attributable to related parties.
[4] Includes gains on the sales of assets to related parties. See Note 10 for more information.