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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenue $ 11,683 $ 12,436 $ 13,120
Operating Expenses      
Electric fuel and other energy-related purchases 2,725 3,400 3,885
Purchased electric capacity 330 361 358
Purchased gas 551 1,355 1,331
Other operations and maintenance 2,595 2,765 2,459
Depreciation, depletion and amortization 1,395 1,292 1,208
Other taxes 551 542 563
Total operating expenses 8,147 9,715 9,804
Income from operations 3,536 2,721 3,316
Other income 196 250 265
Interest and related charges 904 1,193 877
Income from continuing operations including noncontrolling interests before income taxes 2,828 1,778 2,704
Income tax expense 905 452 892
Income from continuing operations including noncontrolling interests 1,923 1,326 1,812
Income (loss) from discontinued operations [1] 0 0 (92)
Net income including noncontrolling interests 1,923 1,326 1,720
Noncontrolling interests 24 16 23
Net income attributable to Dominion 1,899 1,310 1,697
Amounts attributable to Dominion:      
Income from continuing operations, net of tax 1,899 [2] 1,310 [2] 1,789
Loss from discontinued operations, net of tax 0 0 (92)
Net income attributable to Dominion 1,899 1,310 1,697
Balance available for common stock $ 1,923 $ 1,326 $ 1,720
Earnings Per Common Share-Basic:      
Income from continuing operations (in dollars per share) $ 3.21 [2] $ 2.25 [2] $ 3.09
Loss from discontinued operations (in dollars per share) 0.00 0.00 (0.16)
Net income attributable to Dominion (in dollars per share) 3.21 2.25 2.93
Earnings Per Common Share-Diluted:      
Income from continuing operations (in dollars per share) 3.20 [2] 2.24 [2] 3.09
Loss from discontinued operations (in dollars per share) 0.00 0.00 (0.16)
Net income attributable to Dominion (in dollars per share) 3.20 2.24 2.93
Dividends declared per common share $ 2.59 $ 2.40 $ 2.25
Virginia Electric and Power Company      
Operating Revenue [3] $ 7,622 $ 7,579 $ 7,295
Operating Expenses      
Electric fuel and other energy-related purchases [3] 2,320 2,406 2,304
Purchased electric capacity 330 360 358
Affiliated suppliers 279 286 290
Other 1,355 1,630 1,161
Depreciation, depletion and amortization 953 915 853
Other taxes 264 258 249
Total operating expenses 5,501 5,855 5,215
Income from operations 2,121 1,724 2,080
Other income 68 93 86
Interest and related charges 443 411 369
Income from continuing operations including noncontrolling interests before income taxes 1,746 1,406 1,797
Income tax expense 659 548 659
Net income attributable to Dominion 1,087 858 1,138
Amounts attributable to Dominion:      
Net income attributable to Dominion 1,087 858 1,138
Preferred dividends [4] 0 13 17
Balance available for common stock 1,087 845 1,121
Dominion Gas Holdings, LLC      
Operating Revenue [5] 1,716 1,898 1,937
Operating Expenses      
Purchased gas [5] 133 315 323
Other energy-related purchases 21 40 93
Affiliated suppliers 64 64 70
Other [6] 326 274 353
Depreciation, depletion and amortization 217 197 188
Other taxes 166 157 148
Total operating expenses 927 1,047 1,175
Income from operations 789 851 762
Other income 24 22 28
Interest and related charges [5] 73 27 28
Income from continuing operations including noncontrolling interests before income taxes 740 846 762
Income tax expense 283 334 301
Net income attributable to Dominion 457 512 461
Amounts attributable to Dominion:      
Net income attributable to Dominion $ 457 $ 512 $ 461
[1] Includes income tax benefit of $43 million in 2013.
[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 and $122 million in 2014 and 2013, respectively. See Note 9 for more information.