Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Long-term Debt, Unclassified [Abstract]

Long term Debt

At December 31,	2014 Weighted- average Coupon(1)		2014			2013
(millions, except percentages)
Dominion Gas Holdings, LLC:
Unsecured Senior Notes:
1.05% and 2.5%, due 2016 and 2019	1.82	%	$	850		$	400
3.55% to 4.8%, due 2023 to 2044	4.15	%	1,750			800
Dominion Gas Holdings, LLC total principal			$	2,600		$	1,200
Unamortized discount			(6		)	(2		)
Dominion Gas Holdings, LLC total long-term debt			$	2,594		$	1,198
Virginia Electric and Power Company:
Unsecured Senior Notes:
1.2% to 8.625%, due 2015 to 2019	5.06	%	$	2,471		$	2,488
2.75% to 8.875%, due 2022 to 2044	5.07	%	5,592			4,643
Tax-Exempt Financings(2):
Variable rates, due 2016 to 2041	0.93	%	606			606
0.70% to 5.6%, due 2022 to 2040	2.86	%	266			306
Virginia Electric and Power Company total principal			$	8,935		$	8,043
Securities due within one year	5.39	%	(211		)	(58		)
Unamortized discount and premium, net			2			(11		)
Virginia Electric and Power Company total long-term debt			$	8,726		$	7,974
Dominion Resources, Inc.:
Unsecured Senior Notes:
Variable rates, due 2014 and 2015	0.36	%	$	400		$	400
1.25% to 8.875%, due 2014 to 2019	3.17	%	3,150			4,391
2.75% to 7.0%, due 2021 to 2044(3)	4.93	%	4,449			3,499
Unsecured Convertible Senior Notes, 2.125%, due 2023			—			43
Tax-Exempt Financing, variable rate, due 2041	1.10	%	75			75
Unsecured Junior Subordinated Notes Payable to Affiliated Trust, 8.4%, due 2031	8.40	%	10			10
Enhanced Junior Subordinated Notes:
5.75% to 8.375%, due 2054 to 2066	6.28	%	985			985
Variable rate, due 2066	2.54	%	380			380
Remarketable Subordinated Notes, 1.07% to 1.50%, due 2019 to 2021	1.30	%	2,100			1,100
Unsecured Debentures and Senior Notes(4):
5.0% due 2014			—			600
6.8% and 6.875%, due 2026 and 2027	6.81	%	89			89
Dominion Energy, Inc.:
Tax-Exempt Financing, 2.375%, due 2033	2.38	%	27			27
Dominion Gas Holdings, LLC total principal (from above)			2,600			1,200
Virginia Electric and Power Company total principal (from above)			8,935			8,043
Dominion Resources, Inc. total principal			$	23,200		$	20,842
Fair value hedge valuation(5)			19			55
Securities due within one year(6)	3.30	%	(1,375		)	(1,519		)
Unamortized discount and premium, net			(39		)	(48		)
Dominion Resources, Inc. total long-term debt			$	21,805		$	19,330

(1) Represents weighted-average coupon rates for debt outstanding as of December 31, 2014.

(2) These financings relate to certain pollution control equipment at Virginia Power's generating facilities. Certain variable rate tax-exempt financings are supported by a $120 million credit facility that terminates in April 2019.

(3) At the option of holders, $510 million of Dominion's 5.25% senior notes due 2033 are subject to redemption at 100% of the principal amount plus accrued interest in August 2015. As a result, at December 31, 2014, the notes were included in Securities due within one year in the Consolidated Balance Sheets.

(4) Represents debt assumed by Dominion from the merger of its former CNG subsidiary.

(5) Represents the valuation of certain fair value hedges associated with Dominion's fixed rate debt.

(6) Includes $4 million fair value hedge valuation in 2014 and $14 million of fair value hedge valuation in 2013.

Scheduled principal payments of long-term debt

Based on stated maturity dates rather than early redemption dates that could be elected by instrument holders, the scheduled principal payments of long-term debt at December 31, 2014, were as follows:

	2015			2016			2017			2018			2019			Thereafter			Total
(millions, except percentages)
Dominion Gas	$	—		$	400		$	—		$	—		$	450		$	1,750		$	2,600
Weighted-average Coupon				1.05		%							2.50		%	4.15		%
Virginia Power	$	211		$	476		$	679		$	850		$	350		$	6,369		$	8,935
Weighted-average Coupon	5.39		%	5.24		%	5.43		%	4.17		%	5.00		%	4.64		%
Dominion
Unsecured Senior Notes(1)	$	861		$	1,308		$	1,354		$	1,350		$	2,000		$	11,878		$	18,751
Tax-Exempt Financings	—			19			75			—			—			880			974
Unsecured Junior Subordinated Notes Payable to Affiliated Trusts	—			—			—			—			—			10			10
Enhanced Junior Subordinated Notes	—			—			—			—			—			1,365			1,365
Remarketable Subordinated Notes	—			—			—			—			550			1,550			2,100
Total	$	861		$	1,327		$	1,429		$	1,350		$	2,550		$	15,683		$	23,200
Weighted-average Coupon	2.14		%	2.86		%	3.27		%	4.99		%	3.09		%	4.39		%

(1) At the option of holders, $510 million of Dominion's 5.25% senior notes due 2033 are subject to redemption at 100% of the principal amount plus accrued interest in August 2015. As a result, at December 31, 2014, the notes were included in Securities due within one year in the Consolidated Balance Sheets.

Schedule of Capital Units

Selected information about Dominion's 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(1)		Stock Purchase Settlement Date	RSN Maturity Date
(millions, except interest rates)
6/7/2013	11	$	533.5	$	550.0	1.070	%	5.055	%	$	76.7	4/1/2016	4/1/2021
6/7/2013	11	$	553.5	$	550.0	1.180	%	4.820	%	$	79.3	7/1/2016	7/1/2019
7/1/2014	20	$	982.0	$	1,000.0	1.500	%	4.875	%	$	142.8	7/1/2017	7/1/2020

(1) Payments of $66 million and $17 million were made in 2014 and 2013, respectively. The stock purchase contract liability was $216 million and $139 million at December 31, 2014 and 2013, respectively.