Investments (Tables)

9 Months Ended

Sep. 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 September 30, 2016
Marketable equity securities:
United States large cap	$	1,361	$	1,312	$	—			$	2,673
REIT	59		8		—				67
Marketable debt securities:
Corporate bonds	493		26		(1		)		518
United States Treasury securities and agency debentures	645		21		—				666
State and municipal	306		27		—				333
Other	89		—		—				89
Cost method investments	69		—		—				69
Cash equivalents and other⁽²⁾	12		—		—				12
Total	$	3,034	$	1,394	$	(1	)	⁽³⁾	$	4,427
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 sales of securities of $9 million and $12 million at September 30, 2016 and December 31, 2015, respectively.


(3)	The fair value of securities in an unrealized loss position was $156 million and $592 million at September 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 September 30, 2016 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	199
Due after one year through five years	475
Due after five years through ten years	365
Due after ten years	567
Total	$	1,606

Marketable Securities

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
(millions)
Proceeds from sales	$	300	$	357	$	1,009	$	937
Realized gains⁽¹⁾	40		65		102		165
Realized losses⁽¹⁾	9		40		43		69


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

Other Than Temporary Impairment Losses On Investment Securities

Dominion recorded other-than-temporary impairment losses on investments held in nuclear decommissioning trust funds as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
(millions)
Total other-than-temporary impairment losses⁽¹⁾	$	9		$	29		$	34		$	55
Losses recorded to the nuclear decommissioning trust regulatory liability	(4		)	(10		)	(15		)	(21		)
Losses recognized in other comprehensive income (before taxes)	—			(3		)	(1		)	(7		)
Net impairment losses recognized in earnings	$	5		$	16		$	18		$	27


(1)	Amounts include other-than-temporary impairment losses for debt securities of less than $1 million and $3 million for the three months ended September 30, 2016 and 2015, respectively, and $2 million and $7 million for the nine months ended September 30, 2016 and 2015, respectively.

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 September 30, 2016
Marketable equity securities:
United States large cap	$	606	$	576	$	—			$	1,182
REIT	59		8		—				67
Marketable debt securities:
Corporate bonds	285		13		—				298
United States Treasury securities and agency debentures	246		5		—				251
State and municipal	158		15		—				173
Other	29		—		—				29
Cost method investments	69		—		—				69
Cash equivalents and other⁽²⁾	5		—		—				5
Total	$	1,457	$	617	$	—		⁽³⁾	$	2,074
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 sales of securities of $4 million and $8 million at September 30, 2016 and December 31, 2015, respectively.


(3)	The fair value of securities in an unrealized loss position was $91 million and $281 million at September 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 September 30, 2016 by contractual maturity is as follows:



	Amount
(millions)
Due in one year or less	$	51
Due after one year through five years	228
Due after five years through ten years	202
Due after ten years	270
Total	$	751

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 September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
(millions)
Proceeds from sales	$	131	$	198	$	478	$	407
Realized gains⁽¹⁾	18		45		48		82
Realized losses⁽¹⁾	4		18		21		33


(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