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Derivatives and Hedge Accounting Activities (Gains and Losses on Derivatives in Cash Flow Hedging Relationships) (Details) (Cash Flow Hedges, USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) $ 3 [1] $ 18 [1] $ 211 [1] $ (125) [1]
Amount of Gain (Loss) Reclassified from AOCI to Income 42 27 70 9
Increase (Decrease) in Derivatives Subject to Regulatory Treatment (59) [2] (3) [2] (33) [2] (9) [2]
Commodity Contract
       
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) 111 [1] 49 [1] 287 [1] (93) [1]
Amount of Gain (Loss) Reclassified from AOCI to Income 41 27 68 9
Increase (Decrease) in Derivatives Subject to Regulatory Treatment 9 [2] (4) [2] 8 [2] (9) [2]
Commodity Contract | Operating Revenue
       
Amount of Gain (Loss) Reclassified from AOCI to Income 63 32 127 60
Commodity Contract | Gas Purchases
       
Amount of Gain (Loss) Reclassified from AOCI to Income (17) (7) (47) (55)
Commodity Contract | Electric fuel and other energy-related purchases
       
Amount of Gain (Loss) Reclassified from AOCI to Income (5) 1 (12) 2
Commodity Contract | Purchased Gas
       
Amount of Gain (Loss) Reclassified from AOCI to Income   1   2
Interest Rate Contract
       
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) (108) [1],[3] (31) [1],[3] (76) [1],[3] (32) [1],[3]
Amount of Gain (Loss) Reclassified from AOCI to Income 1 [3] 0 [3] 2 [3] 0 [3]
Increase (Decrease) in Derivatives Subject to Regulatory Treatment (68) [2],[3] 1 [2],[3] (41) [2],[3] 0 [2],[3]
Virginia Electric and Power Company
       
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) (4) [4] 0 [4] (5) [4] 0 [4]
Amount of Gain (Loss) Reclassified from AOCI to Income (1) 1 (3) 2
Increase (Decrease) in Derivatives Subject to Regulatory Treatment (59) [5] (3) [5] (33) [5] (9) [5]
Virginia Electric and Power Company | Commodity Contract
       
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) 1 [4] 0 [4] (1) [4] 0 [4]
Amount of Gain (Loss) Reclassified from AOCI to Income (1) 0 (3) 1
Increase (Decrease) in Derivatives Subject to Regulatory Treatment 9 [5] (4) [5] 8 [5] (9) [5]
Virginia Electric and Power Company | Commodity Contract | Electric fuel and other energy-related purchases
       
Amount of Gain (Loss) Reclassified from AOCI to Income (1)      
Virginia Electric and Power Company | Commodity Contract | Purchased Gas
       
Amount of Gain (Loss) Reclassified from AOCI to Income   0 (3) 1
Virginia Electric and Power Company | Interest Rate Contract
       
Amount of Gain (Loss) Recognized in AOCI on Derivatives (Effective Portion) (5) [4],[6] 0 [4],[6] (4) [4],[6] 0 [4],[6]
Amount of Gain (Loss) Reclassified from AOCI to Income 0 [6] 1 [6] 0 [6] 1 [6]
Increase (Decrease) in Derivatives Subject to Regulatory Treatment $ (68) [5],[6] $ 1 [5],[6] $ (41) [5],[6] $ 0 [5],[6]
[1] Amounts deferred into AOCI have no associated effect in Dominion’s Consolidated Statements of Income.
[2] Represents net derivative activity deferred into and amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in Dominion’s Consolidated Statements of Income.
[3] Amounts recorded in Dominion’s Consolidated Statements of Income are classified in interest and related charges.
[4] Amounts deferred into AOCI have no associated effect in Virginia Power’s Consolidated Statements of Income.
[5] Represents net derivative activity deferred into and amortized out of regulatory assets/liabilities. Amounts deferred into regulatory assets/liabilities have no associated effect in Virginia Power’s Consolidated Statements of Income.
[6] Amounts are recorded in interest and related charges in Virginia Power’s Consolidated Statements of Income.