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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating Revenue $ 2,980 $ 3,005 [1] $ 6,503 $ 6,402
Operating Expenses        
Electric fuel and other energy-related purchases 875 895 [1] 1,826 1,807
Purchased electric capacity 88 98 [1] 176 211
Purchased gas 297 215 [1] 764 627
Other operations and maintenance 728 753 [1] 1,351 1,360
Depreciation, depletion and amortization 303 275 [1] 600 548
Other taxes 141 141 [1] 308 303
Total operating expenses 2,432 2,377 [1] 5,025 4,856
Income from operations 548 628 [1] 1,478 1,546
Other income 49 44 [1] 136 118
Interest and related charges 203 209 [1] 431 421
Income from continuing operations including noncontrolling interests before income tax expense 394 463 [1] 1,183 1,243
Income tax expense 116 166 [1] 404 435
Income from continuing operations including noncontrolling interests 278 297 [1] 779 808
Loss from discontinued operations (70) [2] (32) [1],[2] (69) [2] (42) [2]
Net Income Including Noncontrolling Interests 208 265 [1] 710 766
Noncontrolling Interests 6 7 [1] 13 14
Net Income Attributable to Dominion 202 258 [1] 697 752
Amounts Attributable to Dominion:        
Income from continuing operations, net of tax 272 290 [1] 766 794
Loss from discontinued operations, net of tax (70) (32) [1] (69) (42)
Earnings Per Common Share-Basic        
Income from continuing operations (dollars per share) $ 0.47 $ 0.51 [1] $ 1.33 $ 1.39
Loss from discontinued operations (dollars per share) $ (0.12) $ (0.06) [1] $ (0.12) $ (0.07)
Earnings Per Common Share - Basic (dollars per share) $ 0.35 $ 0.45 [1] $ 1.21 $ 1.32
Earnings Per Common Share-Diluted        
Income from continuing operations (dollars per share) $ 0.47 $ 0.51 [1] $ 1.33 $ 1.38
Loss from discontinued operations (dollars per share) $ (0.12) $ (0.06) [1] $ (0.12) $ (0.07)
Net income attributable to Dominion (dollars per share) $ 0.35 $ 0.45 [1] $ 1.21 $ 1.31
Dividends declared per common share (dollars per share) $ 0.5625 $ 0.5275 [1] $ 1.1250 $ 1.0550
Income tax benefit from discontinued operations 49 26 49 36
Virginia Electric and Power Company
       
Operating Revenue 1,710 1,756 3,491 3,510
Operating Expenses        
Electric fuel and other energy-related purchases 528 602 1,098 1,216
Purchased electric capacity 88 97 176 210
Affiliated suppliers 81 82 155 165
Other 274 360 519 583
Depreciation, depletion and amortization 211 188 418 376
Other taxes 65 66 132 131
Total operating expenses 1,247 1,395 2,498 2,681
Income from operations 463 361 993 829
Other income 27 17 52 40
Interest and related charges 84 100 177 200
Income from continuing operations including noncontrolling interests before income tax expense 406 278 868 669
Income tax expense 141 106 316 254
Net Income Attributable to Dominion 265 172 552 415
Amounts Attributable to Dominion:        
Preferred dividends 4 4 8 8
Balance available for common stock $ 261 $ 168 $ 544 $ 407
[1] Recast to reflect Brayton Point and Kincaid as discontinued operations, as discussed in Note 3.
[2] Includes income tax benefit of $49 million and $26 million for the three months ended June 30, 2013 and 2012, respectively, and $49 million and $36 million for the six months ended June 30, 2013 and 2012, respectively.