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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Revenue $ 12,436us-gaap_SalesRevenueNet $ 13,120us-gaap_SalesRevenueNet $ 12,835us-gaap_SalesRevenueNet
Operating Expenses      
Electric fuel and other energy-related purchases 3,400us-gaap_CostOfPurchasedPower 3,885us-gaap_CostOfPurchasedPower 3,645us-gaap_CostOfPurchasedPower
Purchased electric capacity 361d_PurchasedElectricCapacity 358d_PurchasedElectricCapacity 387d_PurchasedElectricCapacity
Purchased gas 1,355d_PurchasedGas 1,331d_PurchasedGas 1,177d_PurchasedGas
Other operations and maintenance 2,765d_OtherOperationsAndMaintenance 2,459d_OtherOperationsAndMaintenance 3,091d_OtherOperationsAndMaintenance
Depreciation, depletion and amortization 1,292us-gaap_DepreciationAndAmortization 1,208us-gaap_DepreciationAndAmortization 1,127us-gaap_DepreciationAndAmortization
Other taxes 542us-gaap_TaxesExcludingIncomeAndExciseTaxes 563us-gaap_TaxesExcludingIncomeAndExciseTaxes 550us-gaap_TaxesExcludingIncomeAndExciseTaxes
Total operating expenses 9,715us-gaap_CostsAndExpenses 9,804us-gaap_CostsAndExpenses 9,977us-gaap_CostsAndExpenses
Income from operations 2,721us-gaap_OperatingIncomeLoss 3,316us-gaap_OperatingIncomeLoss 2,858us-gaap_OperatingIncomeLoss
Other income 250us-gaap_OtherNonoperatingIncomeExpense 265us-gaap_OtherNonoperatingIncomeExpense 223us-gaap_OtherNonoperatingIncomeExpense
Interest and related charges 1,193us-gaap_InterestAndDebtExpense 877us-gaap_InterestAndDebtExpense 816us-gaap_InterestAndDebtExpense
Income from continuing operations including noncontrolling interests before income taxes 1,778us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,704us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,265us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 452us-gaap_IncomeTaxExpenseBenefit 892us-gaap_IncomeTaxExpenseBenefit 811us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations including noncontrolling interests 1,326us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 1,812us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 1,454us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income (loss) from discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1] (92)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1] (1,125)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1]
Net income including noncontrolling interests 1,326us-gaap_ProfitLoss 1,720us-gaap_ProfitLoss 329us-gaap_ProfitLoss
Noncontrolling interests 16us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 23us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 27us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Dominion 1,310us-gaap_NetIncomeLoss 1,697us-gaap_NetIncomeLoss 302us-gaap_NetIncomeLoss
Amounts attributable to Dominion:      
Income from continuing operations, net of tax 1,310us-gaap_IncomeLossFromContinuingOperations [2] 1,789us-gaap_IncomeLossFromContinuingOperations [2] 1,427us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (92)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity (1,125)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income attributable to Dominion 1,310us-gaap_NetIncomeLoss 1,697us-gaap_NetIncomeLoss 302us-gaap_NetIncomeLoss
Earnings Per Common Share-Basic:      
Income from continuing operations (in dollars per share) $ 2.25us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 3.09us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [2] $ 2.49us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Loss from discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ (0.16)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [2] $ (1.96)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income attributable to Dominion (in dollars per share) $ 2.25us-gaap_EarningsPerShareBasic $ 2.93us-gaap_EarningsPerShareBasic $ 0.53us-gaap_EarningsPerShareBasic
Earnings Per Common Share-Diluted:      
Income from continuing operations (in dollars per share) $ 2.24us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 3.09us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [2] $ 2.49us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Loss from discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ (0.16)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [2] $ (1.96)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income attributable to Dominion (in dollars per share) $ 2.24us-gaap_EarningsPerShareDiluted $ 2.93us-gaap_EarningsPerShareDiluted $ 0.53us-gaap_EarningsPerShareDiluted
Dividends declared per common share $ 2.40us-gaap_CommonStockDividendsPerShareCashPaid $ 2.25us-gaap_CommonStockDividendsPerShareCashPaid $ 2.11us-gaap_CommonStockDividendsPerShareCashPaid
Virginia Electric and Power Company      
Operating Revenue 7,579us-gaap_SalesRevenueNet
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[3] 7,295us-gaap_SalesRevenueNet
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[3] 7,226us-gaap_SalesRevenueNet
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[3]
Operating Expenses      
Electric fuel and other energy-related purchases 2,406us-gaap_CostOfPurchasedPower
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[3] 2,304us-gaap_CostOfPurchasedPower
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[3] 2,368us-gaap_CostOfPurchasedPower
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[3]
Purchased electric capacity 360d_PurchasedElectricCapacity
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
358d_PurchasedElectricCapacity
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
386d_PurchasedElectricCapacity
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Affiliated suppliers 286d_AffiliatedSuppliers
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
290d_AffiliatedSuppliers
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
305d_AffiliatedSuppliers
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Other 1,630d_Other
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,161d_Other
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,161d_Other
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Depreciation, depletion and amortization 915us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
853us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
782us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Other taxes 258us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
249us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
232us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Total operating expenses 5,855us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
5,215us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
5,234us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Income from operations 1,724us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
2,080us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,992us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Other income 93us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
86us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
96us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Interest and related charges 411us-gaap_InterestAndDebtExpense
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
369us-gaap_InterestAndDebtExpense
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
385us-gaap_InterestAndDebtExpense
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Income from continuing operations including noncontrolling interests before income taxes 1,406us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,797us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,703us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Income tax expense 548us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
659us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
653us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Net income attributable to Dominion 858us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,138us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,050us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Amounts attributable to Dominion:      
Net income attributable to Dominion 858us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,138us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,050us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Preferred dividends(2) 13us-gaap_PreferredStockDividendsAndOtherAdjustments
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[4] 17us-gaap_PreferredStockDividendsAndOtherAdjustments
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[4] 16us-gaap_PreferredStockDividendsAndOtherAdjustments
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
[4]
Balance available for common stock 845us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,121us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
1,034us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= d_VirginiaElectricAndPowerCompanyMember
Dominion Gas Holdings, LLC      
Operating Revenue 1,898us-gaap_SalesRevenueNet
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5] 1,937us-gaap_SalesRevenueNet
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5] 1,677us-gaap_SalesRevenueNet
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5]
Operating Expenses      
Purchased gas 315d_PurchasedGas
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5] 323d_PurchasedGas
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5] 235d_PurchasedGas
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5]
Other energy-related purchases 40us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
93us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
41us-gaap_UtilitiesOperatingExpenseGasAndPetroleumPurchased
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Affiliated suppliers 64d_AffiliatedSuppliers
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
70d_AffiliatedSuppliers
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
112d_AffiliatedSuppliers
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Other 274d_Other
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[6] 353d_Other
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[6] 223d_Other
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[6]
Depreciation, depletion and amortization 197us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
188us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
176us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Other taxes 157us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
148us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
140us-gaap_TaxesExcludingIncomeAndExciseTaxes
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Total operating expenses 1,047us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
1,175us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
927us-gaap_CostsAndExpenses
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Income from operations 851us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
762us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
750us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Other income 22us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
28us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
37us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Interest and related charges 27us-gaap_InterestAndDebtExpense
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5] 28us-gaap_InterestAndDebtExpense
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5] 40us-gaap_InterestAndDebtExpense
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[5]
Income from continuing operations including noncontrolling interests before income taxes 846us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
762us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
747us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Income tax expense 334us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
301us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
288us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Net income attributable to Dominion 512us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
461us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
459us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
Amounts attributable to Dominion:      
Net income attributable to Dominion $ 512us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
$ 461us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
$ 459us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= d_DominionGasHoldingsLLCMember
[1] Includes income tax benefit of $43 million and $692 million in 2013 and 2012, respectively. For 2012, includes impairment charges of $1.6 billion related to Brayton Point and Kincaid. See Note 6 for additional information.
[2] Amounts attributable to Dominion's common shareholders.
[3] See Note 24 for amounts attributable to affiliates.
[4] Includes $2 million associated with the write-off of issuance expenses related to the redemption of Virginia Power's preferred stock in 2014. See Note 18 for additional information.
[5] See Note 24 for amounts attributable to related parties.
[6] Includes gains on the sales of assets to related parties of $59 million, $122 million and $176 million in 2014, 2013 and 2012, respectively. See Note 9 for more information.