Investments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2016
Marketable equity securities:
United States large cap	$	1,326		$	1,251	$	—			$	2,577
REIT	61			11		—				72
Marketable debt securities:
Corporate bonds	474			25		(1		)		498
United States Treasury securities and agency debentures	672			26		—				698
State and municipal	290			31		—				321
Other	108			—		—				108
Cost method investments	69			—		—				69
Cash equivalents and other⁽²⁾	(12		)	—		—				(12		)
Total	$	2,988		$	1,344	$	(1	)	⁽³⁾	$	4,331
At December 31, 2015
Marketable equity securities:
United States large cap	$	1,295		$	1,213	$	—			$	2,508
REIT	59			4		—				63
Marketable debt securities:
Corporate bonds	433			11		(7		)		437
United States 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 purchases of securities of $16 million and pending sales of securities of $12 million at June 30, 2016 and December 31, 2015, respectively.


(3)	The fair value of securities in an unrealized loss position was $90 million and $592 million at June 30, 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 June 30, 2016 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	212
Due after one year through five years	458
Due after five years through ten years	390
Due after ten years	565
Total	$	1,625

Marketable Securities

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



	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
(millions)
Proceeds from sales	$	341	$	243	$	709	$	580
Realized gains⁽¹⁾	37		44		62		100
Realized losses⁽¹⁾	15		12		34		29


(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 June 30, 2016
Marketable equity securities:
United States large cap	$	590		$	546	$	—			$	1,136
REIT	61			11		—				72
Marketable debt securities:
Corporate bonds	271			13		(1		)		283
United States Treasury securities and agency debentures	270			7		—				277
State and municipal	141			17		—				158
Other	48			—		—				48
Cost method investments	69			—		—				69
Cash equivalents and other⁽²⁾	(13		)	—		—				(13		)
Total	$	1,437		$	594	$	(1	)	⁽³⁾	$	2,030
At December 31, 2015
Marketable equity securities:
United States large cap	$	574		$	525	$	—			$	1,099
REIT	59			4		—				63
Marketable debt securities:
Corporate bonds	237			5		(4		)		238
United States 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 purchases of securities of $13 million and pending sales of securities of $8 million at June 30, 2016 and December 31, 2015, respectively.


(3)	The fair value of securities in an unrealized loss position was $66 million and $281 million at June 30, 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 June 30, 2016 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	71
Due after one year through five years	207
Due after five years through ten years	218
Due after ten years	270
Total	$	766

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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
(millions)
Proceeds from sales	$	154	$	76	$	347	$	209
Realized gains⁽¹⁾	18		19		30		37
Realized losses⁽¹⁾	7		4		17		15


(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