Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-term Debt, Unclassified [Abstract]

Long term Debt

At December 31,	2012 Weighted- average Coupon(1)		2012			2011
(millions, except percentages)
Virginia Electric and Power Company:
Unsecured Senior Notes:
4.75% to 8.625%, due 2012 to 2017	5.50	%	$	1,706		$	2,321
2.95% to 8.875%, due 2018 to 2038	5.83	%	4,008			3,558
Tax-Exempt Financings(2):
Variable rates, due 2016 to 2041	1.14	%	454			454
1.5% to 6.5%, due 2017 to 2040	3.65	%	508			533
Virginia Electric and Power Company total principal			$	6,676		$	6,866
Securities due within one year	4.88	%	(418		)	(616		)
Unamortized discount and premium, net			(7		)	(4		)
Virginia Electric and Power Company total long-term debt			$	6,251		$	6,246
Dominion Resources, Inc.:
Unsecured Senior Notes:
Variable rate, due 2013	0.41	%	$	400		$	—
1.4% to 7.195%, due 2012 to 2017	3.72	%	3,041			3,545
2.75% to 8.875%, due 2018 to 2042(3)	5.71	%	5,099			4,399
Unsecured Convertible Senior Notes, 2.125%, due 2023(4)			82			143
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts, 7.83% and 8.4%, due 2027 and 2031	7.85	%	268			268
Enhanced Junior Subordinated Notes:
7.5% and 8.375%, due 2064 and 2066	8.11	%	985			985
Variable rate, due 2066(5)	2.77	%	380			468
Unsecured Debentures and Senior Notes(6):
5.0% and 6.625%, due 2013 and 2014	5.06	%	622			622
6.8% and 6.875%, due 2026 and 2027	6.81	%	89			89
Dominion Energy, Inc.:
Secured Senior Notes:
5.03% to 5.78%, due 2013(7)	5.07	%	842			842
7.33%, due 2020(8)			145			159
Tax-Exempt Financings(9):
2.25% to 5.75%, due 2033 to 2042	3.34	%	284			284
Variable rate, due 2041	1.16	%	75			75
Virginia Electric and Power Company total principal (from above)			6,676			6,866
Dominion Resources, Inc. total principal			$	18,988		$	18,745
Fair value hedge valuation(10)			93			105
Securities due within one year(11)	4.53	%	(2,223		)	(1,479		)
Unamortized discount and premium, net			(7		)	23
Dominion Resources, Inc. total long-term debt			$	16,851		$	17,394

(1) Represents weighted-average coupon rates for debt outstanding as of December 31, 2012.

(2) These financings relate to certain pollution control equipment at Virginia Power's generating facilities. Certain variable rate tax-exempt financings are supported by a $120 million credit facility that terminates in September 2017.

(3) At the option of holders, $510 million of Dominion's 5.25% senior notes due 2033 and $600 million of Dominion's 8.875% senior notes due 2019 are subject to redemption at 100% of the principal amount plus accrued interest in August 2015 and January 2014, respectively.

(4) Convertible into a combination of cash and shares of Dominion's common stock at any time when the closing price of common stock equals 120% of the applicable conversion price or higher for at least 20 out of the last 30 consecutive trading days ending on the last trading day of the previous calendar quarter. At the option of holders on December 15, 2013 or 2018, these securities are subject to redemption at 100% of the principal amount plus accrued interest. These senior notes have been callable by Dominion since December 15, 2011.

(5) In September 2011, the $500 million6.3% September 2006 hybrids began bearing interest at the three-month LIBOR plus 2.3%, reset quarterly.

(6) Represents debt assumed by Dominion from the merger of its former CNG subsidiary.

(7) Juniper notes issued in 2004 and consolidated in October 2011 due to Dominion becoming the primary beneficiary of this VIE. This amount excludes $18 million and $48 million of unamortized premium in 2012 and 2011, respectively. The debt is non-recourse to Dominion and is secured by Juniper's assets.

(8) Represents debt associated with Kincaid. The debt is non-recourse to Dominion and is secured by the facility's assets ($552 million at December 31, 2012) and revenue. Dominion announced in the third quarter of 2012 that it was pursuing the sale of Kincaid. Dominion anticipates redeeming the notes as a condition to a sale of Kincaid.

(9) Includes debt issued by the Massachusetts Development Finance Agency on behalf of Brayton Point. Dominion announced in the third quarter of 2012 that it was pursuing the sale of Brayton Point.

(10) Represents the valuation of certain fair value hedges associated with Dominion's fixed rate debt.

(11) Includes $23 million of net unamortized premium and fair value hedge valuation in 2012 and $4 million of net unamortized discount in 2011.

Scheduled principal payments of long-term debt

Based on stated maturity dates rather than early redemption dates that could be elected by instrument holders, the scheduled principal payments of long-term debt at December 31, 2012, were as follows:

	2013			2014			2015			2016			2017			Thereafter			Total
(millions, except percentages)
Virginia Power	$	418		$	17		$	211		$	476		$	679		$	4,875		$	6,676
Weighted-average Coupon	4.88		%	7.73		%	5.39		%	5.27		%	5.44		%	5.26		%
Dominion
Secured Senior Notes	$	852		$	15		$	18		$	20		$	22		$	60		$	987
Unsecured Senior Notes	1,090			1,065			960			1,351			1,303			9,278			15,047
Tax-Exempt Financings	—			—			—			19			75			1,227			1,321
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts	258			—			—			—			—			10			268
Enhanced Junior Subordinated Notes	—			—			—			—			—			1,365			1,365
Total	$	2,200		$	1,080		$	978		$	1,390		$	1,400		$	11,940		$	18,988
Weighted-average Coupon	4.53		%	3.99		%	4.50		%	4.27		%	4.60		%	5.54		%

Trust preferred securities and junior subordinated notes outstanding text block

The following table provides summary information about the capital securities and junior subordinated notes outstanding as of December 31, 2012:

Date Established	Capital Trusts	Units	Rate		Capital Securities Amount		Common Securities Amount
		(thousands)			(millions)
December 1997	Dominion Resources Capital Trust I(1)	250	7.83	%	$	250	$	7.7
January 2001	Dominion Resources Capital Trust III(2)	10	8.4		10		0.3

Junior subordinated notes/debentures held as assets by each capital trust were as follows:

(1) $258 million-Dominion Resources, Inc. 7.83% Debentures due 12/1/2027.

(2) $10 million-Dominion Resources, Inc. 8.4% Debentures due 1/15/2031.