Significant Financing Transactions (Tables)

9 Months Ended

Sep. 30, 2014

At September 30, 2014, Dominion’s commercial paper and letters of credit outstanding, as well as its capacity available under credit facilities, were as follows:



	Facility Limit		Outstanding Commercial Paper		Outstanding Letters of Credit		Facility Capacity Available
(millions)
Joint revolving credit facility⁽¹⁾	$	4,000	$	2,476	$	—	$	1,524
Joint revolving credit facility⁽²⁾	500		153		31		316
Total	$	4,500	$	2,629	$	31	$	1,840


(1)	In May 2014, this credit facility was amended and restated. The facility limit was increased from $3 billion to $4 billion and the maturity date was extended from September 2018 to April 2019. This credit facility can be used to support bank borrowings and the issuance of commercial paper, as well as to support up to $1.5 billion of letters of credit.


(2)	In May 2014, this credit facility was amended and restated and the maturity date was extended from September 2018 to April 2019. This credit facility can be used to support bank borrowings, commercial paper and letter of credit issuances.

Schedule of Capital Units

Selected information about Dominion's 2014 Equity Units is presented below:



Issuance Date	Units Issued	Total Net Proceeds		Total Long-term Debt		RSN Annual Interest Rate		Stock Purchase Contract Annual Rate		Stock Purchase Contract Liability		Stock Purchase Settlement Date	RSN Maturity Date
(millions, except interest rates)
7/1/2014	20	$	982.0	$	1,000.0	1.500	%	4.875	%	$	142.8	7/1/2017	7/1/2020

Virginia Electric and Power Company

Debt Instrument [Line Items]

Schedule of Line of Credit Facilities

At September 30, 2014, Virginia Power’s share of commercial paper and letters of credit outstanding, as well as its capacity available under its joint credit facilities with Dominion and Dominion Gas, were as follows:



	Facility Sub-limit		Outstanding Commercial Paper		Outstanding Letters of Credit		Facility Sub-limit Capacity Available
(millions)
Joint revolving credit facility⁽¹⁾	$	1,250	$	1,250	$	—	$	—
Joint revolving credit facility⁽²⁾	250		153		—		97
Total	$	1,500	$	1,403	$	—	$	97

(1)

In May 2014, this credit facility was amended and restated and the maturity date was extended from September 2018 to April 2019. This credit facility can be used to support bank borrowings and the issuance of commercial paper, as well as to support up to $1.5 billion (or the sub-limit, whichever is less) of letters of credit. Virginia Power's current sub-limit under this credit facility can be increased or decreased multiple times per year. In July 2014, Virginia Power increased its sub-limit from $1.0 billion to $1.25 billion.


(2)	In May 2014, this credit facility was amended and restated and the maturity date was extended from September 2018 to April 2019. This credit facility can be used to support bank borrowings, commercial paper and letter of credit issuances. Virginia Power's current sub-limit under this credit facility can be increased or decreased multiple times per year.

Schedule of Dividends Declared

Presented below is a summary of the preferred stock redemptions:



Dividend	Issued and Outstanding Shares	Redemption Price Per Share
	(thousands)
$5.00	107	$	112.50	⁽¹⁾
4.04	13	102.27		⁽¹⁾
4.20	15	102.50		⁽¹⁾
4.12	32	103.73		⁽¹⁾
4.80	73	101.00		⁽¹⁾
7.05	500	100.00		⁽¹⁾
6.98	600	100.00		⁽¹⁾
Flex Money Market Preferred 12/02, Series A	1,250	100.00		⁽²⁾
Total	2,590


(1)	In September 2014, Virginia Power provided irrevocable notice to redeem all shares outstanding for each series of preferred stock. On October 20, 2014, the stock was redeemed at the applicable price per share plus accumulated and unpaid dividends. Proceeds from Virginia Power's senior notes issued in October 2014 were used to pay the redemption price.


(2)	In February 2014, Virginia Power provided irrevocable notice to redeem the stock. On March 20, 2014, the stock was redeemed at the applicable price per share plus accumulated and unpaid dividends at a rate reset in March 2011 of 6.12%. Dividends ceased accumulating on the stock upon payment of the redemption price, thus the rate was not reset in March 2014.