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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net income including noncontrolling interests $ 766 [1] $ 823 [1]
Net income attributable to Dominion 752 [1] 815 [1]
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 704 627
Deferred income taxes and investment tax credits 444 454
Rate refunds (103) (45)
Other adjustments (68) (80)
Changes in:    
Accounts receivable 363 276
Inventories 75 (31)
Deferred fuel and purchased gas costs, net 312 (90)
Accounts payable (265) (394)
Accrued interest, payroll and taxes (76) (267)
Margin deposit assets and liabilities 177 (142)
Other operating assets and liabilities 69 156
Net cash provided by operating activities 2,398 1,287
Investing Activities    
Plant construction and other property additions (1,960) (1,635)
Proceeds from sale of securities 764 938
Purchases of securities (763) (983)
Restricted cash equivalents 71 99
Other 24 46
Net cash used in investing activities (1,864) (1,535)
Financing Activities    
Repayment of short-term debt, net (284) 401
Issuance and remarketing of long-term debt 450 1,060
Repayment and repurchase of long-term debt (168) (38)
Issuance of common stock 139 32
Repurchase of common stock 0 (601)
Common dividend payments (603) (568)
Subsidiary preferred dividend payments (8) (8)
Other 0 (12)
Net cash used in financing activities (474) 266
Increase (decrease) in cash and cash equivalents 60 18
Cash and cash equivalents at beginning of period 102 [2] 62
Cash and cash equivalents at end of period 162 80
Significant noncash investing activities:    
Accrued capital expenditures 262 197
Virginia Electric and Power Company
   
Operating Activities    
Net income attributable to Dominion 415 519
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:    
Depreciation, depletion and amortization (including nuclear fuel) 444 410
Deferred income taxes and investment tax credits 188 328
Rate refunds (103) (45)
Other adjustments (36) (55)
Changes in:    
Accounts receivable 33 (114)
Affiliated accounts receivable and payable 11 2
Inventories 41 (92)
Deferred fuel and purchased gas costs, net 293 (105)
Accounts payable (11) (57)
Accrued interest, payroll and taxes (21) (15)
Other operating assets and liabilities 97 61
Net cash provided by operating activities 1,351 837
Investing Activities    
Plant construction and other property additions (956) (898)
Purchases of nuclear fuel (125) (118)
Proceeds from sale of securities 353 596
Purchases of securities (361) (616)
Restricted cash equivalents 22 63
Other (17) 0
Net cash used in investing activities (1,084) (973)
Financing Activities    
Repayment of short-term debt, net (429) 333
Issuance of affiliated current borrowings, net 0 (44)
Issuance and remarketing of long-term debt 450 160
Repayment and repurchase of long-term debt (9) (8)
Common dividend payments (269) (249)
Subsidiary preferred dividend payments (8) (8)
Other (4) 0
Net cash used in financing activities (269) 184
Increase (decrease) in cash and cash equivalents (2) 48
Cash and cash equivalents at beginning of period 29 [3] 5
Cash and cash equivalents at end of period 27 53
Significant noncash investing activities:    
Accrued capital expenditures $ 126 $ 104
[1] Consolidated Statements of Income for the six months ended June 30, 2012 and the three and six months ended June 30, 2011 have been recast to reflect Salem Harbor and State Line as discontinued operations, as discussed in Note 3.
[2] Dominion’s Consolidated Balance Sheet at December 31, 2011 has been derived from the audited Consolidated Financial Statements at that date.
[3] Virginia Power’s Consolidated Balance Sheet at December 31, 2011 has been derived from the audited Consolidated Financial Statements at that date.