Investments (Tables)

6 Months Ended

Jun. 30, 2012

Available-For-Sale Securities

Dominion’s decommissioning trust funds are summarized below.

	Amortized Cost		Total  Unrealized Gains(1)		Total  Unrealized Losses (1)				Fair Value
(millions)
June 30, 2012
Marketable equity securities
U.S.:
Large Cap	$	1,185	$	653	$	—			$	1,838
Other	38		11		—				49
Marketable debt securities:
Corporate bonds	277		23		(1		)		299
U.S. Treasury securities and agency debentures	439		21		(2		)		458
State and municipal	294		24		—				318
Other	18		1		—				19
Cost method investments	128		—		—				128
Cash equivalents and other(2)	77		—		—				77
Total	$	2,456	$	733	$	(3	)	(3)	$	3,186
December 31, 2011
Marketable equity securities:
U.S.:
Large Cap	$	1,152	$	537	$	—			$	1,689
Other	36		10		—				46
Marketable debt securities:
Corporate bonds	314		19		(1		)		332
U.S. Treasury securities and agency debentures	437		20		(1		)		456
State and municipal	264		24		—				288
Other	23		1		—				24
Cost method investments	118		—		—				118
Cash equivalents and other(2)	46		—		—				46
Total	$	2,390	$	611	$	(2	)	(3)	$	2,999

(1) Included in AOCI and the decommissioning trust regulatory liability.

(2) Includes pending sales of securities of $4 million and pending purchases of securities of $11 million at June 30, 2012 and December 31, 2011, respectively.

(3) The fair value of securities in an unrealized loss position was $196 million and $164 million at June 30, 2012 and December 31, 2011, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion’s marketable debt securities held in nuclear decommissioning trust funds at June 30, 2012 by contractual maturity is as follows:

	Amount
(millions)
Due in one year or less	$	100
Due after one year through five years	271
Due after five years through ten years	326
Due after ten years	397
Total	$	1,094

Marketable Securities

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
(millions)
Proceeds from sales	$	349	$	437	$	764	$	939
Realized gains(1)	28		18		56		32
Realized losses(1)	15		12		19		20

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

Virginia Electric and Power Company

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)
June 30, 2012
Marketable equity securities:
U.S.:
Large Cap	$	470	$	266	$	—			$	736
Other	19		5		—				24
Marketable debt securities:
Corporate bonds	167		14		(1		)		180
U.S. Treasury securities and agency debentures	183		5		(1		)		187
State and municipal	138		10		—				148
Other	13		1		—				14
Cost method investments	128		—		—				128
Cash equivalents and other(2)	34		—		—				34
Total	$	1,152	$	301	$	(2	)	(3)	$	1,451
December 31, 2011
Marketable equity securities
U.S.:
Large Cap	$	460	$	218	$	—			$	678
Other	18		5		—				23
Marketable debt securities:
Corporate bonds	204		11		(1		)		214
U.S. Treasury securities and agency debentures	166		4		—				170
State and municipal	114		10		—				124
Other	16		1		(1		)		16
Cost method investments	118		—		—				118
Cash equivalents and other(2)	27		—		—				27
Total	$	1,123	$	249	$	(2	)	(3)	$	1,370

(1) Included in AOCI and the decommissioning trust regulatory liability.

(2) Includes pending purchases of securities of $1 million and $13 million at June 30, 2012 and December 31, 2011, respectively.

(3) The fair value of securities in an unrealized loss position was $104 million and $99 million at June 30, 2012 and December 31, 2011, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power’s debt securities at June 30, 2012 by contractual maturity is as follows:

	Amount
(millions)
Due in one year or less	$	22
Due after one year through five years	129
Due after five years through ten years	190
Due after ten years	188
Total	$	529

Marketable Securities

Presented below is selected information regarding Virginia Power’s marketable equity and debt securities.

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
(millions)
Proceeds from sales	$	162	$	253	$	353	$	596
Realized gains(1)	10		6		21		11
Realized losses(1)	5		4		7		8

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