Earnings Per Share

12 Months Ended

Dec. 31, 2016

EARNINGS PER SHARE

The following table presents the calculation of Dominion's basic and diluted EPS:



	2016		2015		2014
(millions, except EPS)
Net income attributable to Dominion	$	2,123	$	1,899	$	1,310
Average shares of common stock outstanding-Basic	616.4		592.4		582.7
Net effect of dilutive securities⁽¹⁾	0.7		1.3		1.8
Average shares of common stock outstanding-Diluted	617.1		593.7		584.5
Earnings Per Common Share-Basic	$	3.44	$	3.21	$	2.25
Earnings Per Common Share-Diluted	$	3.44	$	3.20	$	2.24


(1)	Dilutive securities consist primarily of the 2013 Equity Units for 2016 and 2015 and the 2013 Equity Units and contingently convertible senior notes for 2014. Dominion redeemed all of its contingently convertible senior notes in 2014. See Note 17 for more information.

The 2014 Equity Units were excluded from the calculation of diluted EPS for the years ended December 31, 2016, 2015 and 2014, as the dilutive stock price threshold was not met. The 2016 Equity Units were excluded from the calculation of diluted EPS for the year ended December 31, 2016, as the dilutive stock price threshold was not met. See Note 17 for more information. The Dominion Midstream convertible preferred units are potentially dilutive securities but had no effect on the calculation of diluted EPS for the year ended December 31, 2016. See Note 19 for more information.