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Regulatory Assets and Liabilities (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs $ 69 [1] $ 55 [1]
Derivatives 30 [2] 0 [2]
Unrecovered gas cost 9 [3] 59 [3]
Other 70 89
Regulatory assets current 178 [4] 203 [4]
Unrecognized pension and other postretirement benefit costs 949 [5] 1,210 [5]
Deferred rate adjustment clause costs 235 [1] 173 [1]
Income taxes recoverable through future rates 159 [6] 140 [6]
Derivatives 44 [2] 105 [2]
Other 86 89
Regulatory assets-non-current 1,473 1,717 [7]
Total regulatory assets 1,651 1,920
PIPP 96 [8] 100 [8]
Other 41 36
Regulatory liabilities current 137 [9] 136 [9]
Provision for future cost of removal and AROs 1,018 [10] 985 [10]
Decommissioning trust 573 [11] 501 [11]
Other 25 28
Regulatory liabilities-non-current 1,616 1,514 [7]
Total regulatory liabilities 1,753 1,650
Virginia Electric and Power Company
   
Regulatory Assets and Liablities [Line Items]    
Deferred rate adjustment clause costs 69 [1] 51 [1]
Derivatives 30 [2] 0 [2]
Other 64 68
Regulatory assets current 163 [4] 119 [4]
Deferred rate adjustment clause costs 182 [1] 127 [1]
Income taxes recoverable through future rates 127 [6] 110 [6]
Derivatives 44 [2] 105 [2]
Other 52 54
Regulatory assets-non-current 405 396 [12]
Total regulatory assets 568 515
Other 35 32
Regulatory liabilities current 35 [9] 32 [9]
Provision for future cost of removal 788 [10] 763 [10]
Decommissioning trust 573 [11] 501 [11]
Other 10 21
Regulatory liabilities-non-current 1,371 1,285 [12]
Total regulatory liabilities $ 1,406 $ 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] 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.
[3] Reflects unrecovered gas costs at Dominion's regulated gas operations, which are recovered through quarterly or annual filings with the applicable regulatory authority.
[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] Dominion’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.
[8] 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.
[9] Current regulatory liabilities are presented in other current liabilities in Dominion's and Virginia Power's Consolidated Balance Sheets.
[10] 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.
[11] 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.
[12] Virginia Power’s Consolidated Balance Sheet at December 31, 2012 has been derived from the audited Consolidated Financial Statements at that date.