Investments (Tables)

9 Months Ended

Sep. 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 September 30, 2015
Marketable equity securities:
U.S. large cap	$	1,260	$	1,106	$	—			$	2,366
REIT	59		—		—				59
Marketable debt securities:
Corporate bonds	454		15		(6		)		463
U.S. Treasury securities and agency debentures	602		13		(3		)		612
State and municipal	338		20		(1		)		357
Other	95		—		—				95
Cost method investments	72		—		—				72
Cash equivalents and other⁽²⁾	9		—		—				9
Total	$	2,889	$	1,154	$	(10	)	⁽³⁾	$	4,033
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 $5 million and $3 million at September 30, 2015 and December 31, 2014, respectively.


(3)	The fair value of securities in an unrealized loss position was $411 million and $379 million at September 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 September 30, 2015 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	209
Due after one year through five years	402
Due after five years through ten years	422
Due after ten years	494
Total	$	1,527

Marketable Securities

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
(millions)
Proceeds from sales	$	357	$	838	$	937	$	1,524
Realized gains⁽¹⁾	65		57		165		120
Realized losses⁽¹⁾	40		7		69		20


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

Schedule of other-than-temporary impairment losses on investments held in nuclear decommissioning trust funds

Dominion recorded other-than-temporary impairment losses on investments held in nuclear decommissioning trust funds as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
(millions)
Total other-than-temporary impairment losses ⁽¹⁾	$	29		$	6		$	55		$	21
Losses recorded to nuclear decommissioning trust regulatory liability	(10		)	(1		)	(21		)	(5		)
Losses recognized in other comprehensive income (before taxes)	(3		)	(1		)	(7		)	(3		)
Net impairment losses recognized in earnings	$	16		$	4		$	27		$	13

(1)Amounts include other-than-temporary impairment losses for debt securities of $3 million and $1 million for the three months ended September 31, 2015 and 2014, respectively, and $7 million and $3 million for the nine months ended September 31, 2015 and 2014, respectively.

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 September 30, 2015
Marketable equity securities:
U.S. large cap	$	558	$	478	$	—			$	1,036
REIT	59		—		—				59
Marketable debt securities:
Corporate bonds	249		7		(4		)		252
U.S. Treasury securities and agency debentures	224		2		(1		)		225
State and municipal	187		11		—				198
Other	30		—		—				30
Cost method investments	72		—		—				72
Cash equivalents and other⁽²⁾	3		—		—				3
Total	$	1,382	$	498	$	(5	)	⁽³⁾	$	1,875
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 $3 million at September 30, 2015 and $6 million at December 31, 2014.


(3)	The fair value of securities in an unrealized loss position was $209 million and $170 million at September 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 September 30, 2015 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	63
Due after one year through five years	181
Due after five years through ten years	236
Due after ten years	225
Total	$	705

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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
(millions)
Proceeds from sales	$	198	$	116	$	407	$	415
Realized gains⁽¹⁾	45		22		82		51
Realized losses⁽¹⁾	18		2		33		8


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

- 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.

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- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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