Investments (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Available-for-sale Securities [Line Items]

Dominion's decommissioning trust funds are summarized below:



	Amortized Cost		Total Unrealized Gains ⁽¹⁾		Total Unrealized Losses ⁽¹⁾				Fair Value
(millions)
2014
Marketable equity securities:
U.S. large cap	$	1,273	$	1,353	$	—			$	2,626
Marketable debt securities:
Corporate debt instruments	424		19		(2		)		441
U.S. Treasury securities and agency debentures	597		13		(4		)		606
State and municipal	332		23		—				355
Other	66		—		—				66
Cost method investments	86		—		—				86
Cash equivalents and other⁽²⁾	16		—		—				16
Total	$	2,794	$	1,408	$	(6	)	⁽³⁾	$	4,196
2013
Marketable equity securities:
U.S.:
Large Cap	$	1,183	$	1,194	$	—			$	2,377
Other	49		23		—				72
Marketable debt securities:
Corporate debt instruments	332		16		(3		)		345
U.S. Treasury securities and agency debentures	589		8		(10		)		587
State and municipal	297		11		(5		)		303
Other	3		—		—				3
Cost method investments	106		—		—				106
Cash equivalents and other⁽²⁾	110		—		—				110
Total	$	2,669	$	1,252	$	(18	)	⁽³⁾	$	3,903


(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability as discussed in Note 2.


(2)	Includes pending sales of securities of $3 million and $11 million at December 31, 2014 and 2013, respectively.


(3)	The fair value of securities in an unrealized loss position was $379 million and $604 million at December 31, 2014 and 2013, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion's marketable debt securities held in nuclear decommissioning trust funds at December 31, 2014 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	169
Due after one year through five years	390
Due after five years through ten years	426
Due after ten years	483
Total	$	1,468

Marketable Securities

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



Year Ended December 31,	2014		2013		2012
(millions)
Proceeds from sales	$	1,235	$	1,476	$	1,356
Realized gains⁽¹⁾	171		157		98
Realized losses⁽¹⁾	30		33		33


(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability as discussed in Note 2.

Other Than Temporary Impairment Losses On Investment Securities

Dominion recorded other-than-temporary impairment losses on investments held in nuclear decommissioning trust funds as follows:



Year Ended December 31,	2014			2013			2012
(millions)
Total other-than-temporary impairment losses⁽¹⁾	$	21		$	31		$	26
Losses recorded to decommissioning trust regulatory liability	(5		)	(13		)	(10		)
Losses recognized in other comprehensive income (before taxes)	(3		)	(10		)	(2		)
Net impairment losses recognized in earnings	$	13		$	8		$	14


(1)	Amounts include other-than-temporary impairment losses for debt securities of $3 million, $18 million and $4 million at December 31, 2014, 2013 and 2012, respectively.

Investments Accounts Under Equity Method of Accounting

Investments that Dominion and Dominion Gas account for under the equity method of accounting are as follows:



Company	Ownership%		Investment Balance				Description
As of December 31,			2014		2013
(millions)
Dominion
Blue Racer Midstream, LLC	50	%	$	671	$	510	Midstream gas and related services
Fowler I Holdings LLC	50	%	134		149		Wind-powered merchant generation facility
NedPower Mount Storm LLC	50	%	128		131		Wind-powered merchant generation facility
Iroquois Gas Transmission System, LP	24.72	%	107		105		Gas transmission system
Other⁽¹⁾	various		41		21
Total			$	1,081	$	916
Dominion Gas
Iroquois Gas Transmission System, LP	24.72	%	$	107	$	105	Gas transmission system
Total			$	107	$	105

(1) Dominion has a $50 million commitment to invest in clean power and technology businesses through 2018. Includes Dominion's investment in Atlantic Coast Pipeline. See Note 15 for more information.

Virginia Electric and Power Company

Schedule of Available-for-sale Securities [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)
2014
Marketable equity securities:
U.S. large cap	$	563	$	594	$	—			$	1,157
Marketable debt securities:
Corporate debt instruments	242		9		(1		)		250
U.S. Treasury securities and agency debentures	197		3		(2		)		198
State and municipal	197		13		—				210
Other	23		—		—				23
Cost method investments	86		—		—				86
Cash equivalents and other⁽²⁾	6		—		—				6
Total	$	1,314	$	619	$	(3	)	⁽³⁾	$	1,930
2013
Marketable equity securities:
U.S.:
Large Cap	$	506	$	514	$	—			$	1,020
Other	25		11		—				36
Marketable debt securities:
Corporate debt instruments	185		8		(2		)		191
U.S. Treasury securities and agency debentures	214		1		(3		)		212
State and municipal	163		4		(4		)		163
Cost method investments	106		—		—				106
Cash equivalents and other⁽²⁾	37		—		—				37
Total	$	1,236	$	538	$	(9	)	⁽³⁾	$	1,765


(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability as discussed in Note 2.


(2)	Includes pending sales of securities of $6 million at December 31, 2014 and 2013.


(3)	The fair value of securities in an unrealized loss position was $170 million and $299 million at December 31, 2014 and 2013, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power's marketable debt securities at December 31, 2014, by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	40
Due after one year through five years	180
Due after five years through ten years	242
Due after ten years	219
Total	$	681

Marketable Securities

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



Year Ended December 31,	2014		2013		2012
(millions)
Proceeds from sales	$	549	$	572	$	626
Realized gains⁽¹⁾	73		52		42
Realized losses⁽¹⁾	12		14		11


(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability as discussed in Note 2.

Other Than Temporary Impairment Losses On Investment Securities

Virginia Power recorded other-than-temporary impairment losses on investments as follows:



Year Ended December 31,	2014			2013			2012
(millions)
Total other-than-temporary impairment losses⁽¹⁾	$	8		$	15		$	11
Losses recorded to decommissioning trust regulatory liability	(4		)	(13		)	(10		)
Losses recorded in other comprehensive income (before taxes)	(2		)	(1		)	—
Net impairment losses recognized in earnings	$	2		$	1		$	1


(1)	Amounts include other-than-temporary impairment losses for debt securities of $2 million, $9 million and $2 million at December 31, 2014, 2013 and 2012, respectively.

- 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.

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- Definition

Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.

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