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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Revenue $ 14,379 $ 15,197 $ 14,798
Operating Expenses      
Electric fuel and other energy-related purchases 4,194 4,150 4,285
Purchased electric capacity 454 453 411
Purchased gas 1,764 2,050 2,200
Other operations and maintenance 3,483 3,724 3,712
Depreciation, depletion and amortization 1,069 1,055 1,138
Other taxes 554 532 483
Total operating expenses 11,518 11,964 12,229
Gain on sale of Appalachian E&P operations 0 2,467 0
Income from operations 2,861 5,700 2,569
Other income 179 169 194
Interest and related charges 869 832 889
Income from continuing operations including noncontrolling interests before income taxes 2,171 5,037 1,874
Income tax expense 745 2,057 596
Income from continuing operations including noncontrolling interests 1,426 2,980 1,278
Income (loss) from discontinued operations 0 [1] (155) [1] 26 [1]
Net income including noncontrolling interests 1,426 2,825 [2] 1,304
Noncontrolling interests 18 17 17
Net income attributable to Dominion 1,408 2,808 1,287
Amounts attributable to Dominion:      
Income from continuing operations, net of tax 1,408 [3] 2,963 [3] 1,261
Income (loss) from discontinued operations, net of tax 0 (155) 26
Net income 1,408 2,808 1,287
Earnings Per Common Share-Basic:      
Income from continuing operations $ 2.46 [3] $ 5.03 [3] $ 2.13
Income (loss) from discontinued operations $ 0.00 $ (0.26) [3] $ 0.04
Net income $ 2.46 $ 4.77 $ 2.17
Earnings Per Common Share-Diluted:      
Income from continuing operations $ 2.45 [3] $ 5.02 [3] $ 2.13
Income (loss) from discontinued operations $ 0.00 $ (0.26) [3] $ 0.04
Net income $ 2.45 $ 4.76 $ 2.17
Dividends paid per common share $ 1.97 $ 1.83 $ 1.75
Virginia Electric and Power Company [Member]
     
Operating Revenue 7,246 7,219 6,584
Operating Expenses      
Electric fuel and other energy-related purchases 2,506 2,495 2,972
Purchased electric capacity 452 449 409
Affiliated suppliers 306 384 324
Other 1,437 1,361 1,299
Depreciation, depletion and amortization 718 671 641
Other taxes 222 218 191
Total operating expenses 5,641 5,578 5,836
Income from operations 1,605 1,641 748
Other income 88 100 104
Interest and related charges 331 347 349
Income from continuing operations including noncontrolling interests before income taxes 1,362 1,394 503
Income tax expense 540 542 147
Net income including noncontrolling interests 822 852 356 [4]
Net income attributable to Dominion 822 852 356
Amounts attributable to Dominion:      
Net income 822 852 356
Preferred dividends 17 17 17
Balance available for common stock $ 805 $ 835 $ 339
[1] Includes income tax expense of $21 million and $16 million in 2010 and 2009, respectively.
[2] Other comprehensive income for the year ended December 31, 2009 excludes a $20 million ($12 million after-tax) adjustment to AOCI representing the cumulative effect of the change in accounting principle related to the recognition and presentation of other-than-temporary impairments.
[3] Amounts attributable to Dominion's common shareholders.
[4] Other comprehensive income for the year ended December 31, 2009 excludes a $3 million ($2 million after-tax) adjustment to AOCI representing the cumulative effect of the change in accounting principle related to the recognition and presentation of other-than-temporary impairments.