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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 271 $ 318 [1]
Customer receivables (less allowance for doubtful accounts) 1,334 1,514 [1]
Other receivables (less allowance for doubtful accounts) 106 119 [1]
Inventories 1,260 1,410 [1]
Prepayments 120 167 [1]
Deferred income taxes 517 800 [1]
Regulatory assets [2] 340 347
Other 844 1,287 [1]
Total current assets 4,452 5,615 [1]
Investments    
Nuclear decommissioning trust funds 4,208 4,196 [1]
Investment in equity method affiliates 1,103 1,081 [1]
Other 274 284 [1]
Total investments 5,585 5,561 [1]
Property, Plant and Equipment    
Property, plant and equipment 54,448 51,406 [1]
Accumulated depreciation, depletion and amortization (15,780) (15,136) [1]
Total property, plant and equipment, net 38,668 36,270 [1]
Deferred Charges and Other Assets    
Goodwill 3,294 3,044 [1]
Pension and other postretirement benefit assets 1,002 956 [1]
Regulatory assets 1,625 1,642 [1]
Other 1,316 1,239 [1]
Total deferred charges and other assets 7,237 6,881 [1]
Total assets 55,942 54,327 [1]
Current Liabilities    
Securities due within one year 1,310 1,375 [1]
Short-term debt 2,622 2,775 [1]
Accounts payable 842 952 [1]
Accrued interest, payroll and taxes 527 566 [1]
Other(2) [3] 1,435 1,530 [1]
Total current liabilities 6,736 7,198 [1]
Long-Term Debt    
Long-term debt 19,597 18,348 [1]
Junior subordinated notes 1,373 1,374 [1]
Remarketable subordinated notes 2,084 2,083 [1]
Total long-term debt 23,054 21,805 [1]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 7,573 7,444 [1]
Asset retirement obligations 1,812 1,633 [1]
Regulatory liabilities 2,130 1,991 [1]
Other 1,782 2,299 [1]
Total deferred credits and other liabilities 13,297 13,367 [1]
Total liabilities $ 43,087 $ 42,370 [1]
Commitments and Contingencies (see Note 15)    
Equity    
Common stock - no par [4] $ 6,530 $ 5,876 [1]
Retained earnings 6,278 6,095 [1]
Accumulated other comprehensive loss (386) (416) [1]
Total common shareholders' equity 12,422 11,555 [1]
Noncontrolling interests 433 402 [1]
Total equity 12,855 11,957 [1]
Total liabilities and equity 55,942 54,327 [1]
Virginia Electric and Power Company    
Current Assets    
Cash and cash equivalents 82 15 [5]
Customer receivables (less allowance for doubtful accounts) 967 986 [5]
Other receivables (less allowance for doubtful accounts) 44 65 [5]
Inventories 828 853 [5]
Prepayments 23 252 [5]
Regulatory assets 317 298 [5]
Other [6] 33 82 [5]
Total current assets 2,294 2,551 [5]
Investments    
Nuclear decommissioning trust funds 1,948 1,930 [5]
Other 4 4 [5]
Total investments 1,952 1,934 [5]
Property, Plant and Equipment    
Property, plant and equipment 36,480 35,180 [5]
Accumulated depreciation, depletion and amortization (11,431) (11,080) [5]
Total property, plant and equipment, net 25,049 24,100 [5]
Deferred Charges and Other Assets    
Regulatory assets 447 439 [5]
Other [6] 551 485 [5]
Total deferred charges and other assets 998 924 [5]
Total assets 30,293 29,509 [5]
Current Liabilities    
Securities due within one year 660 211 [5]
Short-term debt 1,441 1,361 [5]
Accounts payable 409 458 [5]
Accrued interest, payroll and taxes 241 199 [5]
Payables to affiliates 93 92 [5]
Affiliated current borrowings 0 427 [5]
Other(2) 620 528 [5]
Total current liabilities 3,464 3,276 [5]
Long-Term Debt    
Total long-term debt 8,970 8,726 [5]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 4,385 4,415 [5]
Asset retirement obligations 1,018 848 [5]
Regulatory liabilities 1,774 1,683 [5]
Other [6] 380 506 [5]
Total deferred credits and other liabilities 7,557 7,452 [5]
Total liabilities $ 19,991 $ 19,454 [5]
Commitments and Contingencies (see Note 15)    
Equity    
Common stock - no par [7] $ 5,737 $ 5,738 [5]
Other paid-in capital 1,113 1,113 [5]
Retained earnings 3,400 3,154 [5]
Accumulated other comprehensive loss 52 50 [5]
Total common shareholders' equity 10,302 10,055 [5]
Total liabilities and equity 30,293 29,509 [5]
Dominion Gas Holdings, LLC    
Current Assets    
Cash and cash equivalents 11 9 [8]
Customer receivables (less allowance for doubtful accounts) [9] 222 322 [8]
Other receivables (less allowance for doubtful accounts) 13 19 [8]
Affiliated receivables 7 12 [8]
Inventories 79 65 [8]
Prepayments 55 166 [8]
Regulatory assets [2] 20 38
Other [9] 168 217 [8]
Total current assets 555 810 [8]
Investments    
Investment in equity method affiliates 107 107
Total investments 108 108 [8]
Property, Plant and Equipment    
Property, plant and equipment 9,195 8,902 [8]
Accumulated depreciation, depletion and amortization (2,609) (2,538) [8]
Total property, plant and equipment, net 6,586 6,364 [8]
Deferred Charges and Other Assets    
Goodwill 542 542 [8]
Intangible assets, net 85 79 [8]
Regulatory assets 381 379 [8]
Pension and other postretirement benefit assets [9] 1,546 1,486 [8]
Other [9] 85 80 [8]
Total deferred charges and other assets 2,639 2,566 [8]
Total assets 9,888 9,848 [8]
Current Liabilities    
Short-term debt 360 0 [8]
Accounts payable 118 247 [8]
Accrued interest, payroll and taxes 140 194 [8]
Payables to affiliates 21 41 [8]
Affiliated current borrowings 168 384 [8]
Other(2) [9] 162 172 [8]
Total current liabilities 969 1,038 [8]
Long-Term Debt    
Total long-term debt 2,594 2,594 [8]
Deferred Credits and Other Liabilities    
Deferred income taxes and investment tax credits 2,211 2,158 [8]
Regulatory liabilities [10] 207 192
Other [9] 465 492 [8]
Total deferred credits and other liabilities 2,676 2,650 [8]
Total liabilities $ 6,239 $ 6,282 [8]
Commitments and Contingencies (see Note 15)    
Equity    
Membership interests $ 3,735 $ 3,652 [8]
Accumulated other comprehensive loss [9] (86) (86) [8]
Total common shareholders' equity 3,649 3,566 [8]
Total liabilities and equity $ 9,888 $ 9,848 [8]
[1] Dominion’s Consolidated Balance Sheet at December 31, 2014 has been derived from the audited Consolidated Financial Statements at that date.
[2] Current regulatory assets are presented in other current assets in Dominion's and Dominion Gas' Consolidated Balance Sheets.
[3] See Note 3 for amounts attributable to related parties.
[4] 1 billion shares authorized; 594 million shares and 585 million shares outstanding at June 30, 2015 and December 31, 2014, respectively.
[5] Virginia Power’s Consolidated Balance Sheet at December 31, 2014 has been derived from the audited Consolidated Financial Statements at that date.
[6] See Note 18 for amounts attributable to affiliates.
[7] 500,000 shares authorized; 274,723 shares outstanding at June 30, 2015 and December 31, 2014.
[8] Dominion Gas’ Consolidated Balance Sheet at December 31, 2014 has been derived from the audited Consolidated Financial Statements at that date.
[9] See Note 18 for amounts attributable to related parties.
[10] Noncurrent regulatory liabilities are presented in other deferred credits and other liabilities in Dominion Gas' Consolidated Balance Sheets.