Investments (Tables)

6 Months Ended

Jun. 30, 2013

Gain (Loss) on Investments [Line Items]

Dominion’s decommissioning trust funds are summarized below:



	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses ⁽¹⁾				Fair Value
(millions)
June 30, 2013
Marketable equity securities:
U.S.:
Large Cap	$	1,163	$	913	$	—			$	2,076
Other	46		17		—				63
Marketable debt securities:
Corporate bonds	360		18		(6		)		372
U.S. Treasury securities and agency debentures	591		10		(12		)		589
State and municipal	263		14		(4		)		273
Other	4		—		—				4
Cost method investments	103		—		—				103
Cash equivalents and other⁽²⁾	71		—		—				71
Total	$	2,601	$	972	$	(22	)	⁽³⁾	$	3,551
December 31, 2012
Marketable equity securities:
U.S.:
Large Cap	$	1,210	$	732	$	—			$	1,942
Other	40		13		—				53
Marketable debt securities:
Corporate bonds	295		30		—				325
U.S. Treasury securities and agency debentures	523		19		(2		)		540
State and municipal	248		26		—				274
Other	6		1		—				7
Cost method investments	117		—		—				117
Cash equivalents and other⁽²⁾	72		—		—				72
Total	$	2,511	$	821	$	(2	)	⁽³⁾	$	3,330


(1)	Included in AOCI and the decommissioning trust regulatory liability.


(2)	Includes pending sales of securities of $1 million and pending purchases of securities of $6 million at June 30, 2013 and December 31, 2012, respectively.


(3)	The fair value of securities in an unrealized loss position was $618 million and $195 million at June 30, 2013 and December 31, 2012, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion’s marketable debt securities held in nuclear decommissioning trust funds at June 30, 2013 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	122
Due after one year through five years	357
Due after five years through ten years	365
Due after ten years	394
Total	$	1,238

Marketable Securities

Presented below is selected information regarding Dominion’s marketable equity and debt securities held in nuclear decommissioning trust funds.



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
(millions)
Proceeds from sales	$	308	$	349	$	862	$	764
Realized gains⁽¹⁾	29		28		92		56
Realized losses⁽¹⁾	10		15		16		19


(1)	Includes realized gains and losses recorded to the decommissioning trust regulatory liability.

Virginia Electric and Power Company

Gain (Loss) on Investments [Line Items]

Available-For-Sale Securities

Virginia Power’s decommissioning trust funds are summarized below:



	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses⁽¹⁾				Fair Value
(millions)
June 30, 2013
Marketable equity securities:
U.S.:
Large Cap	$	497	$	392	$	—			$	889
Other	22		8		—				30
Marketable debt securities:
Corporate bonds	216		9		(4		)		221
U.S. Treasury securities and agency debentures	223		1		(5		)		219
State and municipal	119		5		(2		)		122
Other	1		—		—				1
Cost method investments	103		—		—				103
Cash equivalents and other⁽²⁾	27		—		—				27
Total	$	1,208	$	415	$	(11	)	⁽³⁾	$	1,612
December 31, 2012
Marketable equity securities:
U.S.:
Large Cap	$	481	$	298	$	—			$	779
Other	20		7		—				27
Marketable debt securities:
Corporate bonds	179		17		—				196
U.S. Treasury securities and agency debentures	231		4		(1		)		234
State and municipal	106		11		—				117
Other	1		—		—				1
Cost method investments	117		—		—				117
Cash equivalents and other⁽²⁾	44		—		—				44
Total	$	1,179	$	337	$	(1	)	⁽³⁾	$	1,515


(1)	Included in AOCI and the decommissioning trust regulatory liability.


(2)	Includes pending purchases of securities of $2 million and pending sales of securities of $6 million at June 30, 2013 and December 31, 2012, respectively.


(3)	The fair value of securities in an unrealized loss position was $311 million and $104 million at June 30, 2013 and December 31, 2012, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power’s marketable debt securities at June 30, 2013 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	21
Due after one year through five years	176
Due after five years through ten years	202
Due after ten years	164
Total	$	563

Marketable Securities

Presented below is selected information regarding Virginia Power’s marketable equity and debt securities.



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
(millions)
Proceeds from sales	$	135	$	162	$	324	$	353
Realized gains⁽¹⁾	10		10		26		21
Realized losses⁽¹⁾	5		5		8		7


(1)	Includes realized gains and losses recorded to the decommissioning trust regulatory liability.

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

+ References

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+ Details