Investments (Tables)

6 Months Ended

Jun. 30, 2015

Gain (Loss) on Investments [Line Items]

Dominion’s decommissioning trust funds are summarized below:



	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses⁽¹⁾				Fair Value
(millions)
At June 30, 2015
Marketable equity securities:
U.S. large cap	$	1,291	$	1,310	$	—			$	2,601
Marketable debt securities:
Corporate bonds	455		13		(4		)		464
U.S. Treasury securities and agency debentures	569		10		(2		)		577
State and municipal	355		16		(2		)		369
Other	108		—		—				108
Cost method investments	74		—		—				74
Cash equivalents and other⁽²⁾	15		—		—				15
Total	$	2,867	$	1,349	$	(8	)	⁽³⁾	$	4,208
At December 31, 2014
Marketable equity securities:
U.S. large cap	$	1,273	$	1,353	$	—			$	2,626
Marketable debt securities:
Corporate bonds	424		19		(2		)		441
U.S. Treasury securities and agency debentures	597		13		(4		)		606
State and municipal	332		23		—				355
Other	66		—		—				66
Cost method investments	86		—		—				86
Cash equivalents and other⁽²⁾	16		—		—				16
Total	$	2,794	$	1,408	$	(6	)	⁽³⁾	$	4,196


(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability.


(2)	Includes pending sales of securities of $8 million and $3 million at June 30, 2015 and December 31, 2014, respectively.


(3)	The fair value of securities in an unrealized loss position was $500 million and $379 million at June 30, 2015 and December 31, 2014, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion’s marketable debt securities held in nuclear decommissioning trust funds at June 30, 2015 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	218
Due after one year through five years	372
Due after five years through ten years	434
Due after ten years	494
Total	$	1,518

Marketable Securities

Presented below is selected information regarding Dominion’s marketable equity and debt securities held in nuclear decommissioning trust funds.



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
(millions)
Proceeds from sales	$	243	$	244	$	580	$	686
Realized gains⁽¹⁾	44		25		100		63
Realized losses⁽¹⁾	12		7		29		13


(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

Virginia Electric and Power Company

Gain (Loss) on Investments [Line Items]

Available-For-Sale Securities

Virginia Power’s decommissioning trust funds are summarized below:



	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses⁽¹⁾				Fair Value
(millions)
At June 30, 2015
Marketable equity securities:
U.S. large cap	$	586	$	583	$	—			$	1,169
Marketable debt securities:
Corporate bonds	252		6		(3		)		255
U.S. Treasury securities and agency debentures	199		2		(1		)		200
State and municipal	208		9		(1		)		216
Other	28		—		—				28
Cost method investments	74		—		—				74
Cash equivalents and other⁽²⁾	6		—		—				6
Total	$	1,353	$	600	$	(5	)	⁽³⁾	$	1,948
At December 31, 2014
Marketable equity securities:
U.S. large cap	$	563	$	594	$	—			$	1,157
Marketable debt securities:
Corporate bonds	242		9		(1		)		250
U.S. Treasury securities and agency debentures	197		3		(2		)		198
State and municipal	197		13		—				210
Other	23		—		—				23
Cost method investments	86		—		—				86
Cash equivalents and other⁽²⁾	6		—		—				6
Total	$	1,314	$	619	$	(3	)	⁽³⁾	$	1,930


(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability.


(2)	Includes pending sales of securities of $6 million at both June 30, 2015 and December 31, 2014.


(3)	The fair value of securities in an unrealized loss position was $254 million and $170 million at June 30, 2015 and December 31, 2014, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power’s marketable debt securities held in nuclear decommissioning trust funds at June 30, 2015 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	62
Due after one year through five years	153
Due after five years through ten years	252
Due after ten years	232
Total	$	699

Marketable Securities

Presented below is selected information regarding Virginia Power’s marketable equity and debt securities held in nuclear decommissioning trust funds.



	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
(millions)
Proceeds from sales	$	76	$	95	$	209	$	299
Realized gains⁽¹⁾	19		10		37		29
Realized losses⁽¹⁾	4		3		15		6


(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

Dominion Gas Holdings, LLC

Gain (Loss) on Investments [Line Items]

Equity Method Investments

Dominion Gas accounts for the following investment under the equity method of accounting:



Company	Ownership%		Investment Balance				Description
			June 30, 2015		December 31, 2014
(millions)
Iroquois	24.72	%	$	107	$	107	Gas transmission system
Total			$	107	$	107

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References + Details