Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2016

Business Acquisition [Line Items]

Schedule of Business Acquisitions

The following table presents significant completed acquisitions of wholly-owned merchant solar projects by Dominion in the nine months ended September 30, 2015. Long-term power purchase, interconnection and operation and maintenance agreements have been executed for all of the projects. Dominion has claimed federal investment tax credits on the projects. These projects are included in the Dominion Generation operating segment.

Completed Acquisition Date	Seller	Number of Projects	Project Location	Project Name	Initial Acquisition Cost (millions)(1)		Project Cost (millions)(2)		Date of Commercial Operations	MW Capacity
April 2015	EC&R NA Solar PV, LLC	1	California	Alamo	$	66	$	66	May 2015	20
April 2015	EDF Renewable Development, Inc.	3	California	Cottonwood(3)	106		106		May 2015	24
June 2015	EDF Renewable Development, Inc.	1	California	Catalina 2	68		68		July 2015	18
July 2015	SunPeak Solar, LLC	1	California	Imperial Valley 2	42		71		August 2015	20

(1) The purchase price was primarily allocated to Property, Plant and Equipment.

(2) Includes acquisition cost.

(3) One of the projects, Marin Carport, began commercial operations in 2016.

Dominion Questar Corporation

Business Acquisition [Line Items]

Schedule of Business Acquisitions

The table below shows the preliminary allocation of the purchase price to the assets acquired and liabilities assumed at closing. The allocation is subject to change during the remainder of the measurement period, which ends one year from the closing date, as additional information is obtained about the facts and circumstances that existed at the closing date. Any material adjustments to provisional amounts identified during the measurement period will be recognized and disclosed in the reporting period in which the adjustment amounts are determined.

	Amount
(millions)
Total current assets	$	224
Investments(1)	58
Property, plant and equipment(2)	4,120
Goodwill	3,111
Total deferred charges and other assets, excluding goodwill	75
Total Assets	7,588
Total current liabilities(3)	791
Long-term debt(4)	963
Deferred income taxes	798
Regulatory liabilities	259
Asset retirement obligations	160
Other deferred credits and other liabilities(5)	220
Total Liabilities	3,191
Total estimated purchase price	$	4,397

(1) Includes $40 million for an equity method investment in White River Hub. The fair value adjustment on the equity method investment in White River Hub is considered to be equity method goodwill and is not amortized.

(2) Nonregulated property, plant and equipment, excluding land, will be depreciated over remaining useful lives primarily ranging from 9 to 18 years.

(3) Includes $301 million of short-term debt, of which $24 million is outstanding at September 30, 2016, as well as a $250 million short-term note which matures in February 2017 and bears interest at a variable rate.

(4) Unsecured senior notes have maturities which range from 2017 to 2048 and bear interest at rates from 2.98% to 7.20%.

(5) Includes a $35 million capital lease obligation with undiscounted future minimum lease payments of $1 million remaining in 2016, $4 million per year for 2017 through 2020, and $37 million in total thereafter.

Business Acquisition, Pro Forma Information

The following unaudited pro forma financial information reflects the consolidated results of operations of Dominion assuming the Dominion Questar Combination had taken place on January 1, 2015. The unaudited pro forma financial information has been presented for illustrative purposes only and is not necessarily indicative of the consolidated results of operations that would have been achieved or the future consolidated results of operations of the combined company.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016(1)		2015		2016(1)		2015
(millions, except EPS)
Operating Revenue	$	3,261	$	3,113	$	9,410	$	9,897
Net income attributable to Dominion	732		626		1,835		1,700
Earnings Per Common Share – Basic	$	1.17	$	1.05	$	2.99	$	2.88
Earnings Per Common Share – Diluted	$	1.17	$	1.05	$	2.99	$	2.87

(1) Amounts include adjustments for non-recurring costs directly related to the Dominion Questar Combination.