XML 91 R68.htm IDEA: XBRL DOCUMENT v3.5.0.2
Regulatory Assets and Liabilities (Details) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs [1] $ 95 $ 90
Deferred cost of fuel used in electric generation [2] 5 111
Deferred nuclear refueling outage costs [3] 61 75
Other 60 75
Regulatory assets current [4] 221 351
Unrecognized pension and other postretirement benefit costs [5] 992 1,015
Deferred rate adjustment clause costs [1] 342 295
Derivatives [6] 351 110
PJM transmission rates [7] 192 192
Income taxes recoverable through future rates [8] 137 126
Other 136 127
Regulatory assets-non-current 2,150 1,865 [9]
Total regulatory assets 2,371 2,216
Deferred cost of fuel used in electric generation [3] 89 0
PIPP [10] 25 46
Other 47 54
Regulatory liabilities current [11] 161 100
Provision for future cost of removal and AROs [12] 1,148 1,120
Nuclear decommissioning trust [13] 852 804
Deferred cost of fuel used in electric generation [3] 26 97
Derivatives [6] 108 79
Other 184 185
Regulatory liabilities-non-current 2,318 2,285 [9]
Total regulatory liabilities $ 2,479 2,385
Amortization period for deferred costs 18 months  
Virginia Electric and Power Company    
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs [1] $ 72 80
Deferred cost of fuel used in electric generation [3] 5 111
Deferred nuclear refueling outage costs [2] 61 75
Other 55 60
Regulatory assets current 193 326 [14]
Deferred rate adjustment clause costs [1] 254 213
Derivatives [6] 351 110
PJM transmission rates [7] 192 192
Income taxes recoverable through future rates [8] 106 97
Other 63 55
Regulatory assets-non-current 966 667 [14]
Total regulatory assets 1,159 993
Deferred cost of fuel used in electric generation [3] 89 0
Other 23 35
Regulatory liabilities current [11] 112 35 [14]
Nuclear decommissioning trust [13] 852 804
Deferred cost of fuel used in electric generation [3] 26 97
Derivatives [6] 108 79
Provision for future cost of removal [12] 913 890
Other 57 59
Regulatory liabilities-non-current 1,956 1,929 [14]
Total regulatory liabilities 2,068 1,964
Dominion Gas Holdings, LLC    
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs [1] 23 10
Other 2 13
Regulatory assets current [4] 25 23
Unrecognized pension and other postretirement benefit costs [5] 277 282
Deferred rate adjustment clause costs [1] 88 82
Income taxes recoverable through future rates [8] 20 20
Other 66 65
Regulatory assets-non-current [15] 451 449
Total regulatory assets 476 472
PIPP [10] 25 46
Other 18 9
Regulatory liabilities current [11] 43 55
Provision for future cost of removal and AROs [12] 174 170
Other 39 31
Regulatory liabilities-non-current [16] 213 201
Total regulatory liabilities $ 256 $ 256
[1] Reflects deferrals under the electric transmission FERC formula rate and the deferral of costs associated with certain current and prospective rider projects for Virginia Power. Reflects deferrals of costs associated with certain current and prospective rider projects for Dominion Gas. See Note 12 for more information.
[2] Legislation enacted in Virginia in April 2014 requires Virginia Power to defer operation and maintenance costs incurred in connection with the refueling of any nuclear-powered generating plant. These deferred costs will be amortized over the refueling cycle, not to exceed 18 months.
[3] Primarily reflects deferred fuel expenses for the Virginia jurisdiction of Dominion's and Virginia Power's generation operations. See Note 12 for more information.
[4] Current regulatory assets are presented in other current assets in Dominion's and Dominion Gas' Consolidated Balance Sheets
[5] Represents unrecognized pension and other postretirement employee benefit costs expected to be recovered through future rates generally over the expected remaining service period of plan participants by certain of Dominion's and Dominion Gas' rate-regulated subsidiaries
[6] For jurisdictions subject to cost-based rate regulation, changes in the fair value of derivative instruments result in the recognition of regulatory assets or regulatory liabilities as they are expected to be recovered from or refunded to customers
[7] Reflects amounts related to PJM transmission cost allocation matter. See Note 12 for more information.
[8] Amounts to be recovered through future rates to pay income taxes that become payable when rate revenue is provided to recover AFUDC-equity and depreciation of property, plant and equipment for which deferred income taxes were not recognized for ratemaking purposes, including amounts attributable to tax rate changes
[9] Dominion’s Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.
[10] Under PIPP, eligible customers can make reduced payments based on their ability to pay. The difference between the customer's total bill and the PIPP plan amount is deferred and collected or returned annually under the PIPP rate adjustment clause according to East Ohio tariff provisions.
[11] Current regulatory liabilities are presented in other current liabilities in the Companies' Consolidated Balance Sheets
[12] Rates charged to customers by the Companies' regulated businesses include a provision for the cost of future activities to remove assets that are expected to be incurred at the time of retirement.
[13] Primarily reflects a regulatory liability representing amounts collected from Virginia jurisdictional customers and placed in external trusts (including income, losses and changes in fair value thereon) for the future decommissioning of Virginia Power's utility nuclear generation stations, in excess of the related AROs.
[14] Virginia Power’s Consolidated Balance Sheet at December 31, 2015 has been derived from the audited Consolidated Financial Statements at that date.
[15] Noncurrent regulatory assets are presented in other deferred charges and other assets in Dominion Gas' Consolidated Balance Sheets
[16] Noncurrent regulatory liabilities are presented in other deferred credits and other liabilities in Dominion Gas' Consolidated Balance Sheets.