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Regulatory Assets and Liabilities (Details) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs $ 59 [1] $ 55 [1]
Unrecovered gas cost 27 [2] 59 [2]
Deferred cost of fuel used in electric generation 17 [3] 0 [3]
Other 74 89
Regulatory assets current 177 [4] 203 [4]
Unrecognized pension and other postretirement benefit costs 1,192 [5] 1,210 [5]
Deferred rate adjustment clause costs 181 [1] 173 [1]
Income taxes recoverable through future rates 149 [6] 140 [6]
Derivatives 85 [7] 105 [7]
Other 89 89
Regulatory assets-non-current 1,696 1,717 [8]
Total regulatory assets 1,873 1,920
PIPP 118 [9] 100 [9]
Other 29 36
Regulatory liabilities current 147 [10] 136 [10]
Provision for future cost of removal and AROs 1,005 [11] 985 [11]
Decommissioning trust 575 [12] 501 [12]
Other 66 28
Regulatory liabilities-non-current 1,646 1,514 [8]
Total regulatory liabilities 1,793 1,650
Virginia Electric and Power Company
   
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs 58 [1] 51 [1]
Deferred cost of fuel used in electric generation 17 [3] 0 [3]
Other 70 68
Regulatory assets current 145 [4] 119 [4]
Deferred rate adjustment clause costs 130 [1] 127 [1]
Income taxes recoverable through future rates 118 [6] 110 [6]
Derivatives 85 [7] 105 [7]
Other 55 54
Regulatory assets-non-current 388 396 [13]
Total regulatory assets 533 515
Other 19 32
Regulatory liabilities current 19 [10] 32 [10]
Provision for future cost of removal 780 [11] 763 [11]
Decommissioning trust 575 [12] 501 [12]
Other 59 21
Regulatory liabilities-non-current 1,414 1,285 [13]
Total regulatory liabilities $ 1,433 $ 1,317
[1] Reflects deferrals under the electric transmission FERC formula rate and the deferral of costs associated with certain current and prospective rider projects. See Note 12 for more information.
[2] Reflects unrecovered gas costs at Dominion's regulated gas operations, which are recovered through quarterly or annual filings with the applicable regulatory authority.
[3] Primarily reflects deferred fuel expenses for the Virginia jurisdiction of Virginia Power's generation operations.
[4] Current regulatory assets are presented in other current assets in Dominion's and Virginia Power's Consolidated Balance Sheets.
[5] Represents unrecognized pension and other postretirement employee benefit costs expected to be recovered through future rates generally over the expected remaining service period of plan participants by certain of Dominion's rate-regulated subsidiaries.
[6] Amounts to be recovered through future rates to pay income taxes that become payable when rate revenue is provided to recover AFUDC-equity and depreciation of property, plant and equipment for which deferred income taxes were not recognized for ratemaking purposes, including amounts attributable to tax rate changes.
[7] For jurisdictions subject to cost-based rate regulation, changes in the fair value of derivative instruments result in the recognition of regulatory assets or regulatory liabilities as they are expected to be recovered from or refunded to customers.
[8] Dominion’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.
[9] Under PIPP, eligible customers can receive energy assistance based on their ability to pay. The difference between the customer's total bill and the PIPP plan amount is deferred and collected or returned annually under the PIPP rider according to East Ohio tariff provisions.
[10] Current regulatory liabilities are presented in other current liabilities in Dominion's and Virginia Power's Consolidated Balance Sheets.
[11] Rates charged to customers by the Companies' regulated businesses include a provision for the cost of future activities to remove assets that are expected to be incurred at the time of retirement.
[12] Primarily reflects a regulatory liability representing amounts collected from Virginia jurisdictional customers and placed in external trusts (including income, losses and changes in fair value thereon) for the future decommissioning of Virginia Power's utility nuclear generation stations, in excess of the related AROs.
[13] Virginia Power’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.