Investments (Tables)

3 Months Ended

Mar. 31, 2016

Gain (Loss) on Investments [Line Items]

Dominion’s decommissioning trust funds are summarized below:



	Amortized Cost		Total Unrealized Gains⁽¹⁾		Total Unrealized Losses⁽¹⁾				Fair Value
(millions)
At March 31, 2016
Marketable equity securities:
U.S. large cap	$	1,317	$	1,218	$	—			$	2,535
REIT	60		7		—				67
Marketable debt securities:
Corporate bonds	448		19		(3		)		464
U.S. Treasury securities and agency debentures	650		20		—				670
State and municipal	308		25		—				333
Other	96		—		—				96
Cost method investments	70		—		—				70
Cash equivalents and other⁽²⁾	4		—		—				4
Total	$	2,953	$	1,289	$	(3	)	⁽³⁾	$	4,239
At December 31, 2015
Marketable equity securities:
U.S. large cap	$	1,295	$	1,213	$	—			$	2,508
REIT	59		4		—				63
Marketable debt securities:
Corporate bonds	433		11		(7		)		437
U.S. Treasury securities and agency debentures	654		8		(4		)		658
State and municipal	312		22		—				334
Other	99		—		—				99
Cost method investments	70		—		—				70
Cash equivalents and other⁽²⁾	14		—		—				14
Total	$	2,936	$	1,258	$	(11	)	⁽³⁾	$	4,183


(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability.


(2)	Includes pending sales of securities of $2 million and $12 million at March 31, 2016 and December 31, 2015, respectively.


(3)	The fair value of securities in an unrealized loss position was $151 million and $592 million at March 31, 2016 and December 31, 2015, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Dominion’s marketable debt securities held in nuclear decommissioning trust funds at March 31, 2016 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	211
Due after one year through five years	423
Due after five years through ten years	380
Due after ten years	549
Total	$	1,563

Marketable Securities

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



	Three Months Ended March 31,
	2016		2015
(millions)
Proceeds from sales	$	368	$	337
Realized gains⁽¹⁾	25		56
Realized losses⁽¹⁾	19		17


(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

Virginia Electric and Power Company

Gain (Loss) on Investments [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)
At March 31, 2016
Marketable equity securities:
U.S. large cap	$	583	$	529	$	—			$	1,112
REIT	60		7		—				67
Marketable debt securities:
Corporate bonds	242		9		(1		)		250
U.S. Treasury securities and agency debentures	257		6		—				263
State and municipal	159		13		—				172
Other	46		—		—				46
Cost method investments	70		—		—				70
Total	$	1,417	$	564	$	(1	)	⁽³⁾	$	1,980
At December 31, 2015
Marketable equity securities:
U.S. large cap	$	574	$	525	$	—			$	1,099
REIT	59		4		—				63
Marketable debt securities:
Corporate bonds	237		5		(4		)		238
U.S. Treasury securities and agency debentures	260		1		(2		)		259
State and municipal	162		13		(1		)		174
Other	34		—		—				34
Cost method investments	70		—		—				70
Cash equivalents and other⁽²⁾	8		—		—				8
Total	$	1,404	$	548	$	(7	)	⁽³⁾	$	1,945


(1)	Included in AOCI and the nuclear decommissioning trust regulatory liability.


(2)	Includes pending sales of securities of $8 million at December 31, 2015. There were no pending sales of securities at March 31, 2016.


(3)	The fair value of securities in an unrealized loss position was $91 million and $281 million at March 31, 2016 and December 31, 2015, respectively.

Investments Classified by Contractual Maturity Date

The fair value of Virginia Power’s marketable debt securities held in nuclear decommissioning trust funds at March 31, 2016 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	74
Due after one year through five years	191
Due after five years through ten years	196
Due after ten years	270
Total	$	731

Marketable Securities

Presented below is selected information regarding Virginia Power’s marketable equity and debt securities held in nuclear decommissioning trust funds.



	Three Months Ended March 31,
	2016		2015
(millions)
Proceeds from sales	$	193	$	133
Realized gains⁽¹⁾	12		18
Realized losses⁽¹⁾	10		11


(1)	Includes realized gains and losses recorded to the nuclear decommissioning trust regulatory liability.

- 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.

+ References + Details