Earnings Per Share

3 Months Ended

Mar. 31, 2016

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



	Three Months Ended March 31,
	2016		2015
(millions, except EPS)
Net income attributable to Dominion	$	524	$	536
Average shares of common stock outstanding – Basic	596.6		587.9
Net effect of dilutive securities⁽¹⁾	1.6		2.0
Average shares of common stock outstanding – Diluted	598.2		589.9
Earnings Per Common Share – Basic and Diluted	$	0.88	$	0.91


(1)	Dilutive securities consist primarily of the 2013 Equity Units. See Note 14 in this report and Note 17 to the Consolidated Financial Statements in the Companies' Annual Report on Form 10-K for the year ended December 31, 2015 for more information.

The 2014 Equity Units are potentially dilutive securities but were excluded from the calculation of diluted EPS for the three months ended March 31, 2016 and 2015, as the dilutive stock price threshold was not met.